Al-Si-Cu foundry alloys are widely applied in the form of high-pressure diecast components. They feature hypo- or nearly eutectic compositions, such as AlSi9Cu3(Fe), AlSi11Cu2(Fe), and AlSi12Cu1(Fe) alloys, which are used in the present study. Diecast specimens, with a thickness of 3 mm, were used for tension tests. The short-term mechanical behavior was characterized at temperatures from 25 up to 450 °C. At temperatures above 200 °C, the tensile strength properties (YS and UTS) of the investigated alloys were severely affected by temperature, and less by chemical differences. Material hardness and ductility indexes better highlighted the differences in the mechanical behavior of these age-hardenable alloys and allowed us to relate them to the microstructure and its changes that took place at test temperatures. Thermodynamic calculations were found to be useful tools to predict phases formed during solidification, as well as those related to precipitation strengthening. By means of the performed comprehensive material characterization, deeper knowledge of the microstructural changes of Al-Si-Cu foundry alloys during short-term mechanical behavior was obtained. The gained knowledge can be used as input data for constitutive modeling of the investigated alloys.