$525,000
4818 W Washington Boulevard
Chicago, IL, 60644
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.
Property Details
Price:
$525,000
MLS #:
MRD12457538
Status:
Active
Beds:
8
Baths:
5
Address:
4818 W Washington Boulevard
Type:
Multi Family
Neighborhood:
chiaustin
City:
Chicago
Listed Date:
Aug 28, 2025
State:
IL
ZIP:
60644
Year Built:
1914
Schools
School District:
299
Interior
Heating
Natural Gas, Electric
Exterior
Construction Materials
Brick
Parking Features
On Site, Detached, Garage
Parking Spots
2
Financial
Tax Year
2023
Taxes
$4,486
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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4818 W Washington Boulevard
Chicago, IL
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