There are multiple listings for this address:
$650,000
4854 W Addison Street
Chicago, IL, 60641
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 fully-equipped kitchen with a stove, fridge, and sink. The bathroom is smartly split into separate rooms for the toilet, sink, and shower-perfect for client-facing 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 Details
Price:
$650,000
MLS #:
MRD12320192
Status:
Active
Beds:
0
Baths:
0
Address:
4854 W Addison Street
Type:
Commercial
Neighborhood:
CHI – Portage Park
City:
Chicago
Listed Date:
Apr 16, 2025
State:
IL
Finished Sq Ft:
4,072
Total Sq Ft:
4,072
ZIP:
60641
Year Built:
1937
Schools
School District:
299
Interior
Cooling
Central Individual
Exterior
Construction Materials
Brick
Parking Spots
4
Financial
Tax Year
2022
Taxes
$9,667
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
More About DebraMortgage Calculator
Map
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4854 W Addison Street
Chicago, IL
$650,000
4854 W Addison Street
Chicago, IL, 60641
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 fully-equipped kitchen with a stove, fridge, and sink. The bathroom is smartly split into separate rooms for the toilet, sink, and shower-perfect for client-facing 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 Details
Price:
$650,000
MLS #:
MRD12385128
Status:
Active
Beds:
4
Baths:
4
Address:
4854 W Addison Street
Type:
Multi Family
Neighborhood:
CHI – Portage Park
City:
Chicago
Listed Date:
Jun 6, 2025
State:
IL
Total Sq Ft:
4,072
ZIP:
60641
Year Built:
1937
Units:
3
Schools
School District:
299
Interior
Cooling
Central Individual
Exterior
Construction Materials
Brick
Parking Spots
4
Financial
Tax Year
2022
Taxes
$9,667
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
More About DebraMortgage Calculator
Map
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