4844 W Rice Street
Chicago, IL, 60651
$349,900
4 Beds
2 Baths
0 SqFt
0.06 Acres
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$349,900
4844 W Rice Street
Chicago, IL, 60651
MLS #MRD12613880 image #0MLS #MRD12613880 image #1MLS #MRD12613880 image #2MLS #MRD12613880 image #3MLS #MRD12613880 image #4MLS #MRD12613880 image #5MLS #MRD12613880 image #6MLS #MRD12613880 image #7MLS #MRD12613880 image #8MLS #MRD12613880 image #9MLS #MRD12613880 image #10MLS #MRD12613880 image #11MLS #MRD12613880 image #12MLS #MRD12613880 image #13MLS #MRD12613880 image #14MLS #MRD12613880 image #15MLS #MRD12613880 image #16MLS #MRD12613880 image #17MLS #MRD12613880 image #18MLS #MRD12613880 image #19MLS #MRD12613880 image #20MLS #MRD12613880 image #21MLS #MRD12613880 image #22MLS #MRD12613880 image #23MLS #MRD12613880 image #24MLS #MRD12613880 image #25MLS #MRD12613880 image #26MLS #MRD12613880 image #27MLS #MRD12613880 image #28MLS #MRD12613880 image #29MLS #MRD12613880 image #30MLS #MRD12613880 image #31MLS #MRD12613880 image #32
Open House Apr 19, 2026
12:00 – 01:00
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 Details

Price:
$349,900
MLS #:
MRD12613880
Status:
Active
Beds:
4
Baths:
2
Type:
Multi Family
Neighborhood:
chiaustin
Listed Date:
Apr 14, 2026
Year Built:
1913
Chi – AustinChiaustinMcnair Elementary School CommuniMcnair Elementary School CommuniOrr Community Academy High Schoo

Schools

School District:
299
Elementary School:
Mcnair Elementary School Communi
Middle School:
Mcnair Elementary School Communi
High School:
Orr Community Academy High Schoo

Interior

Heating
Natural Gas, Forced Air

Exterior

Community Features
Curbs, Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Fencing
Fenced
Garage Spaces
2
Parking Features
Yes, Garage Owned, Detached, Garage
Parking Spots
2
Parking Total
2
Patio And Porch Features
Porch
Roof
Rubber

Financial

Tax Year
2024
Taxes
$4,763
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Multi Family in Chicago as of Apr 16, 2026
1,370
Multi Family Listed
79
Avg DOM
$507,620
Avg List Price

Community

Subdivisions in Chicago

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Property Summary

    4844 W Rice Street Chicago IL is a Multi Family for sale in Chicago, IL, 60651. It is listed for $349,900 To schedule a showing of MLS#mrd12613880 at 4844 W Rice Street in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
4844 W Rice Street
Chicago, IL