An Austin 3-flat and an Oak Park 4-flat

916 S Austin Chicago IL

In-house tipster Eric just alerted me to a price drop on a classic Austin 3-flat 916 S Austin Blvd.

The investor-oriented property, which needs work, sold for $270,000 in January of 2000 and resold for $160K 9 years later. After some work was completed it came back on the market last July for $295,000. A series of prices changes knocked the asking price down to the current $195,000.

The first floor is a 4-room 2-bedroom, while the second and third floors have 7 rooms, 3 bedrooms and 2 full baths. You have to love the sweep of that high-windowed, bowed bay in the west-facing living room.

Almost directly across the street, but in Oak Park, a 4-flat at 924-26 S Austin Blvd has been on the market for nearly 2 years and is currently asking $549,900. It last sold for $587,000 in November of 2005.

Three of the units have 6 rooms, 2 bedrooms and 2 full baths while the fourth has one bath.

The listing contends that the property’s “high full finished basement” is “ideal for in-laws or janitor,” but I suspect that Oak Park building and zoning officials would have a different take on those options.

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