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13 Properties Within 0.5 miles of: 4844 W Rice, Chicago
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4844 W Rice
Chicago, IL 60651

  • 4 Beds
  • Built In 1913
Price

$349,900

Est Payment
$2,117 / month (details)  
Taxes
$4,763  
Beds
4  
Rooms
10  
Type
Two to Four Units  
Sq. Ft.
n/a  
Lot Size
25 X 125  
Built
1913  
Neighborhood
South Austin  
MLS
#12613880
Status
Temporarily No Showings (9 days)

Property Description

Welcome to this fully renovated 2-unit investment property delivering the ideal blend of modern finishes and reliable income potential in the prime pocket of the lively eastern Austin neighborhood. Each unit offers 2 bedrooms, 1 full bathroom, spacious living areas, and updated kitchens designed to attract today's renters. Hardwood flooring runs throughout, complemented by central heating for year-round comfort. Recent upgrades further enhance tenant appeal and operational ease, including newly installed blinds in the dining room, living room, kitchen, and both bedrooms in each unit, ceiling fans added to the living and dining areas, and a washer/dryer hookup in Unit 2-creating additional value and rental flexibility. All appliances and mechanical systems are landlord-owned, providing consistency in maintenance and long-term asset control. This is a true turnkey opportunity for investors seeking immediate cash flow with minimal upfront work. Lease both units for strong returns or take advantage of a house-hack strategy by occupying one while the other offsets your expenses. Bright, sun-filled interiors elevate the overall living experience, while the unfinished basement offers ample storage and future value-add potential. Convenient access to major highways, public transportation, schools, and parks ensures consistent tenant demand and long-term appreciation. A clean, income-producing asset positioned for stability, scalability, and long-term growth.

Property Map

Property Details

Utilities

  • Heating Natural Gas, Forced Air
  • Cooling
  • Water Lake Michigan
  • Sewer Public Sewer

Additional Information

Parking
2 Garage Spaces, Yes, Garage Owned, Detached, Garage, Parking included in price
Schools
Orr Community Academy High Schoo (299), Mcnair Elementary School Communi (299), Mcnair Elementary School Communi (299)

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

Listing History

04-14-2026 Listed at $349,900
Last Modified 4/20/26 8:42 PM

Nearby Transportation

  • Bus 66 0.1 mi
  • Bus 54 0.1 mi
  • Bus 57 0.4 mi
  • Bus 70 0.4 mi
  • Bus 85 0.9 mi
  • Bus 72 0.9 mi
  • Bus 20 1.1 mi
  • Bus 53 1.1 mi
  • Bus 65 1.1 mi
  • Green Line 0.7 mi
  • I 290 West 1.7 mi
  • I 290 East 1.7 mi
  • I 90 East 3.6 mi
  • I 94 East 3.6 mi
  • I 90 West 3.6 mi
  • I 94 West 3.6 mi
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