$524,000
- 9 Beds
- 3 Baths
5016 S Spaulding Ave, Chicago, IL 60632
5016 S Spaulding Ave, Chicago, IL 60632$524,000
5016 S Spaulding Ave, Chicago, IL 60632
5016 S Spaulding Ave, Chicago, IL 60632Gage Park in Chicago is a neighborhood rich in history and cultural diversity, known for its distinctive brick bungalows recognized by the National Register of Historic Places. These homes, primarily built in the 1920s, feature large windows and narrow stoops, embodying the American Dream for many residents. The area also includes two-flats and Georgian Revivals from the 1940s, all constructed with brick and limestone to maintain a cohesive architectural style. Gage Park's dining scene reflects its melting pot nature, with notable spots like Carnitas Uruapan for pork tacos and the long-standing Hong Kong Restaurant. Kedzie Avenue is a hub for eateries and essential services, including Walgreens and Pete’s Fresh Market. Public transportation is convenient with the Orange Line station at 49th Street. The neighborhood features ample green space, such as the 25-acre Gage Park and the 17-acre Senka Park, which offers a playground and spray pool. Educational facilities include Gage Park High School, known for its sports teams, and Acero-Rufino Tamayo Elementary School, which has a higher rating compared to other local schools. The Gage Park Public Library, now located on 55th Street, serves as a community resource. Overall, Gage Park offers a blend of historical charm, cultural richness, and practical amenities, making it a unique part of Chicago.
On average, homes in Gage Park, Chicago sell after 26 days on the market compared to the national average of 47 days. The average sale price for homes in Gage Park, Chicago over the last 12 months is $256,147, up 9% from the average home sale price over the previous 12 months.
In Gage Park, there are currently 3 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $240,000 to $615,000, there's something for every budget. As of April, 2025 the median home price in Gage Park, Chicago is $269,900, while the average sale price is $256,147, providing insight into local market trends. On average, multi-family homes spend 26 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in Gage Park, Chicago.