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4818 W Washington
Chicago, IL 60644

  • 8 Beds
  • Built In 1914
4818 W Washington, Chicago, IL 60644
Price

$519,900

Est Payment
$3,130 / month (details)  
Taxes
$4,486  
Beds
8  
Rooms
16  
Type
Two to Four Units  
Sq. Ft.
n/a  
Lot Size
4500  
Built
1914  
Neighborhood
The Loop  
MLS
#12457538
Status
Active (53 days)
  • New
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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.

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Property Details

Utilities

  • Heating Natural Gas, Electric
  • Cooling
  • Water Public
  • Sewer Septic Tank

Additional Information

Parking
2 Garage Spaces, On Site, Detached, Garage
Schools
District 299

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

08-28-2025 Listed at $525,000
09-05-2025 Price decreased by $5,100 to $519,900
10-10-2025 Status changed to Under Contract
10-18-2025 Status changed to Active
Last Modified 10/18/25 2:30 PM
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Nearby Transportation

  • Bus 56 0.1 mi
  • Bus J14 0.1 mi
  • Bus 20 0.1 mi
  • Bus 120 0.1 mi
  • Bus 157 0.1 mi
  • Bus 60 0.1 mi
  • Bus 124 0.1 mi
  • Bus 125 0.1 mi
  • Bus 130 0.1 mi
  • Bus 192 0.1 mi
  • Bus 37 0.2 mi
  • Bus 121 0.3 mi
  • Bus 28 0.3 mi
  • Bus 1 0.3 mi
  • Bus 7 0.3 mi
  • Union Pacific North 0.1 mi
  • Union Pacific Northwest 0.1 mi
  • Union Pacific West 0.1 mi
  • Burlington Northern 0.3 mi
  • Heritage Corridor 0.3 mi
  • Milwaukee North 0.3 mi
  • Milwaukee West 0.3 mi
  • North Central Service 0.3 mi
  • Southwest Service 0.3 mi
  • Rock Island 0.6 mi
  • Metra Electric 0.8 mi
  • Green Line 0.2 mi
  • Pink Line 0.2 mi
  • Orange Line 0.2 mi
  • Brown Line 0.2 mi
  • ZipCar 0.2 mi
  • Maven 0.2 mi
  • I 90 West 0.4 mi
  • I 94 West 0.4 mi
  • I 90 East 0.4 mi
  • I 94 East 0.4 mi
  • I 290 East 0.6 mi
  • I 290 West 1.1 mi
  • I 55 South 2.0 mi
  • I 55 North 2.0 mi
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