$750,000
4820 N California Avenue
Chicago, IL, 60625
Charming and well-maintained brick 2-flat in prime Lincoln Square location offering strong income potential with a projected annual income of $51,480. The building includes two spacious units (2 bed+den/1 bath) each with stainless steel appliances and in-unit laundry. Recent updates include new electrical panels (2025) a new hot water heater (2024), roof replacement with ISO insulation (2018), tuckpointing and lintel repair (2019), enclosed porch (2023), water main replacement (2018), and new basement storage lockers (2023). Unit 1 rents for $1,890/month (owner pays utilities), Unit 2 is currently vacant, previously rented for $1,895 and tenant paid gas and electric. Additional features include vinyl windows, rebuilt rear wood porch, commercial laundry facilities in basement generates $500 annually, and two car garage plus additional parking pad. Heating is provided by a hot water boiler with radiators in each unit; air condition is tenant-supplied via window units. Most appliances recently updated within last 3-6 years include a mix of GE, Whirlpool, Bosch, Frigidaire. Modest annual expenses make this a sound investment. Unbeatable location steps from shops, dining, parks, and CTA in the heart of Lincoln Square.
Property Details
Price:
$750,000
MLS #:
MRD12422318
Status:
Active
Beds:
5
Baths:
3
Address:
4820 N California Avenue
Type:
Multi Family
Neighborhood:
CHI – Lincoln Square
City:
Chicago
Listed Date:
Aug 4, 2025
State:
IL
ZIP:
60625
Year Built:
1923
Schools
School District:
299
Elementary School:
Budlong Elementary School
Middle School:
Budlong Elementary School
High School:
Amundsen High School
Interior
Heating
Steam, Radiator(s), Indv Controls
Exterior
Community Features
Sidewalks, Street Lights
Construction Materials
Brick
Parking Features
Garage Door Opener, On Site, Garage Owned, Detached, Off Alley, Owned, Garage
Parking Spots
3
Roof
Flat
Financial
Tax Year
2023
Taxes
$12,603
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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4820 N California Avenue
Chicago, IL
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