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34 Properties Within 0.5 miles of: 4948 W Washington, Chicago

4948 W Washington
Chicago, IL 60644

  • 7 Beds
  • Built In 1907
Price

$524,900

Est Payment
$3,134 / month (details)  
Taxes
$4,220  
Beds
7  
Rooms
13  
Type
Two to Four Units  
Sq. Ft.
n/a  
Lot Size
30X180X30X180  
Built
1907  
Neighborhood
South Austin  
MLS
#12327265
Status
Active (22 days)

Property Description

Discover the potential of this beautifully renovated 2-unit property located in the vibrant Austin neighborhood of Chicago. A short distance from Columbus Park and major transit lines, ensuring easy access to local amenities and downtown 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. Lower Unit: The duplex-down unit, boasting 4 bedrooms and 3 bathrooms, provides generous living areas, perfect for families or shared living situations. This property represents an excellent investment opportunity, as both units are already occupied, ensuring immediate cash flow. (BOTH TENANTS ARE WILLING TO MOVE) Market analysis suggests that these units could be rented at 2,000 per mo for the upper unit and 2,700 per mo for the duplex unit. 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.

Property Map

Property Details

Utilities

  • Heating Natural Gas
  • Cooling
  • Water Public
  • Sewer Public Sewer

Additional Information

Parking
2 Parking Spaces, On Site
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

04-03-2025 Listed at $525,000
04-22-2025 Price decreased by $100 to $524,900
Last Modified 4/24/25 7:33 AM

Nearby Transportation

  • Bus 20 0.1 mi
  • Bus 54 0.2 mi
  • Bus 57 0.3 mi
  • Bus 126 0.4 mi
  • Bus 7 0.6 mi
  • Bus 85 0.8 mi
  • Bus 66 0.9 mi
  • Bus 12 1.0 mi
  • Bus 53 1.2 mi
  • Green Line 0.4 mi
  • Blue Line 0.8 mi
  • I 290 West 0.7 mi
  • I 290 East 0.8 mi
  • I 55 South 4.2 mi
  • I 55 North 4.2 mi
  • I 90 East 4.4 mi
  • I 94 East 4.4 mi
  • I 90 West 4.5 mi
  • I 94 West 4.5 mi
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