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  • $609,000

    4854 W Addison St, Chicago, IL 60641

    4beds
    --sqft
    Multi Family
    Built in 1938
    -- sqft lot
    $610,500 Zestimate®
    $--/sqft
    $2,335 Estimated rent

    Home value

    $610,500

    $549,000 - $678,000

    $2,335/mo

    Zestimate® history
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    What's special

    Charming Multi-Use Property with Income Potential! Welcome to this one-of-a-kind, income-generating gem in a prime location! Offering just over 4,000 square feet of versatile space, this beautifully maintained property includes one commercial unit and two residential units, making it a rare find for savvy investors or business owners looking for flexibility and strong returns. The third floor features a bright and inviting 2-bedroom, 1- bath residential unit, ideal for tenants or a comfortable owner's retreat. Enjoy deck access and in-unit laundry. (Currently leased through August.) On the second floor, you'll find a stylish 2-bedroom, 1-bath unit, fully remodeled in 2023 and now vacant-ready for your next tenant or personal use. This unit also enjoys private deck access, with laundry conveniently located just downstairs. The first floor commercial space is a standout, offering prime visibility and thoughtful design for any business. It includes three private offices, a spacious conference room, an open front office area, and a fullyequipped kitchen with a stove, fridge, and sink. The bathroom is smartly split into separate rooms for the toilet, sink, and shower-perfect for clientfacing businesses. Recent updates include: Second floor remodel (2023), Brand new front deck (2024), Commercial space flooring (2020), Two-car garage (approx. 10 years old), currently used for storage, New roof (rolled tar, 2017), Completed tuck-pointing in recent years. This property blends classic charm with thoughtful updates, offering a unique opportunity for owner-occupants, investors, or business owners seeking multi-use flexibility. With existing rental income and commercial potential, this is a rare chance to secure a strong return in a highly desirable location!

    Zillow last checked: 8 hours ago

    Listing updated: September 19, 2025 at 01:15pm

    Listing courtesy of:

    Rafay Qamar (773)516-1111,

    Real Broker LLC

    Bought with:

    Deandre Bailey

    Coldwell Banker Realty

    Source: MRED as distributed by MLS GRID,MLS#: 12431830MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 2
    • 1/2 bathrooms: 2
    Heating
    • Indv Controls
    Features
    • Basement: None

    Property

    Parking
    • Total spaces: 4
    • Parking features: On Site, Garage Owned, Detached, Owned, Garage
    • Garage spaces: 2
    Lot
    • Size: 4,284 sqft
    • Dimensions: 34' X 126'
    Details
    • Parcel number: 13212310170000
    • Zoning: OTHER
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Brick
    Condition
    • New construction: No
    • Year built: 1938
    • Major remodel year: 2023

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Chicago

    Other

    Other facts
    • Listing terms: Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    9/19/2025Sold$609,000-2.6%
    Source: MRED as distributed by MLS GRID #12431830 Report a problem
    8/3/2025Contingent$625,000
    Source: MRED as distributed by MLS GRID #12431830 Report a problem
    7/28/2025Price change$625,000-3.8%
    Source: MRED as distributed by MLS GRID #12431830 Report a problem
    6/6/2025Listed for sale$650,000
    Source: MRED as distributed by MLS GRID #12385128 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Portage Park

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: 299

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value$610,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $610,500