4948 W Washington BLVD new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60644
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12327265
Style Brownstone
Bedrooms 7
Year Built 1907
Annual Tax Amount $4,220
Tax Year 2023
Lot Dimensions 30X180X30X180
Property Sub-Type Two to Four Units
Property Description
Discover the potential of this beautifully renovated two-unit property located in the vibrant Austin neighborhood of Chicago. Recently updated in 2022, this building underwent an extensive renovation that includes: A complete gut renovation. Upgraded electrical and plumbing systems. New HVAC units installed in each unit. A newly constructed porch for enjoyable outdoor living. A brand-new roof and energy-efficient windows. Both units have been thoughtfully designed with modern amenities, featuring updated kitchens equipped with elegant granite countertops and contemporary bathrooms. Upper Unit: This spacious 3-bedroom, 1-bathroom unit offers ample living space and comfortable accommodations. The current tenant is on a month-to-month lease, paying 1,750. Lower Unit: The duplex-down unit, boasting 4 bedrooms and 3 bathrooms, provides generous living areas, perfect for families or shared living situations. The tenant is currently paying 2,000, with the lease set to expire in March 2026. This property represents an excellent investment opportunity, as both units are already occupied, ensuring immediate cash flow. Market analysis suggests that these units could be rented at 1,800 to 2,000 (per mo) for the upper unit and 2,200 to 2,700 (per mo) for the duplex unit upon lease renewal. Whether you are a homeowner looking for a comfortable living space with added rental income or an investor seeking a profitable asset, this property offers the perfect blend of location, updated features, and cash flow potential. Don't miss this opportunity to own a piece of the Austin community in Chicago. Owner requires 48 hour notice for showings due to tenants schedule.
Location
State IL
County Cook
Area Chi - Austin
Rooms
Basement None
Interior
Heating Natural Gas
Fireplace N
Building
Dwelling Type Two to Four Units
Sewer Public Sewer
Water Public
New Construction false
Schools
School District 299 ,299, 299
Others
Ownership Fee Simple
Special Listing Condition None