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!
Active
$650,000
4854 W Addison St, Chicago, IL 60641
4beds
--sqft
Est.:
Multi Family
Built in 1938
-- sqft lot
$632,000 Zestimate®
$--/sqft
$-- HOA
What's special
Private deck accessIn-unit laundryThree private officesOpen front office areaSpacious conference roomDeck access
- 5 days
- on Zillow |
- 537 |
- 35 |
Zillow last checked: 7 hours ago
Listing updated: 20 hours ago
Listing courtesy of:
Rafay Qamar 773-516-1111,
Real Broker LLC,
Emma LaCosse,
Real Broker LLC
Source: MRED as distributed by MLS GRID,MLS#: 12385128

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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 Square Feet
- 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 & HOA
Location
- Region: Chicago
Financial & listing details
- Annual tax amount: $9,916
- Date on market: 6/6/2025
- Ownership: Fee Simple
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