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Listed by Alonzo Abron Jrof A Progeny Global LLC
$ 499,000
Est. payment /mo
Price Dropped by $20K
4818 W Washington Boulevard Chicago, IL 60644
8 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12457538
Bedrooms 8
Year Built 1914
Annual Tax Amount $4,486
Tax Year 2023
Lot Dimensions 4500
Property Sub-Type Two to Four Units
Property Description
Well-maintained and updated 3-unit brick property in Chicago's South Austin neighborhood. This building offers two large 3-bedroom, 2-bath units and one 2-bedroom, 1-bath unit, each featuring modern kitchens with granite countertops, upgraded bathrooms, newer HVAC, and in-unit washer/dryer hookups. The combination of modern upgrades and classic Chicago architecture makes this property highly desirable for tenants and investors alike. Current leases provide steady cash flow, with several tenants on flexible lease terms, allowing an investor to reposition rents to market levels quickly. Market analysis supports $1,800/month for the 3-bedroom units and $1,300/month for the 2-bedroom unit, creating strong rent growth potential. Recent improvements include updated building systems, refreshed interiors, energy-efficient windows, and rebuilt porches, reducing near-term maintenance and improving long-term stability. Perfect opportunity for investors seeking a solid, income-producing property with upside potential in one of Chicago's most accessible West Side communities.
Location
State IL
County Cook
Rooms
Basement Finished, Full
Interior
Heating Natural Gas, Electric
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Building
Sewer Septic Tank
Water Public
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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