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4 Properties Within 0.5 miles of: 4854 W Addison, Chicago

4854 W Addison
Chicago, IL 60641

  • 4 Beds
  • Built In 1938
Price

$650,000

Est Payment
$4,272 / month (details)  
Taxes
$9,916  
Beds
4  
Rooms
25  
Type
Two to Four Units  
Sq. Ft.
n/a  
Lot Size
34' X 126'  
Built
1938  
Neighborhood
Portage Park  
MLS
#12385128
Status
Active (0 days)

Property Description

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!

Property Map

Property Details

Utilities

  • Heating Indv Controls
  • Cooling
  • Water Public
  • Sewer Public Sewer

Additional Information

Parking
4 Parking Spaces (2 Garage Spaces), On Site, Garage Owned, Detached, Owned, 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

06-06-2025 Listed at $650,000
Last Modified 6/6/25 4:51 PM

Nearby Transportation

  • Bus 152 < 0.1 mi
  • Bus 54 0.1 mi
  • Bus 56 0.4 mi
  • Bus 80 0.5 mi
  • Bus 54A 0.5 mi
  • Bus 77 0.5 mi
  • Bus 85 0.9 mi
  • Bus 78 1.0 mi
  • Bus 76 1.0 mi
  • Bus 53 1.1 mi
  • Milwaukee North 0.5 mi
  • Union Pacific Northwest 1.1 mi
  • Blue Line 1.1 mi
  • I 90 East 1.0 mi
  • I 94 East 1.0 mi
  • I 94 West 1.1 mi
  • I 90 West 1.1 mi
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