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  • $650,000

    4854 W Addison St, Chicago, IL 60641

    4beds
    --sqft
    : 
    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
    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!
    5 days
    on Zillow
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    537
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    35
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    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#: 12385128MLS Logo
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    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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