$170,000
4941 W Iowa Street
Chicago, IL, 60651
**Exceptional Investment Opportunity in Austin!** Discover the potential of this solid brick two-flat nestled in the thriving, highly sought-after Austin community! Each spacious unit offers two bedrooms and a formal dining room, with the first-floor unit duplexed down to a basement that was once finished with additional bedrooms and a half bath for added convenience. Whether you’re a seasoned investor or a savvy homebuyer, this property presents the perfect canvas to restore and customize. While it does require a vision beyond its current appearance, its strong bones and prime location offer endless possibilities for value-add improvements. Enjoy the perks of a two-car garage and easy access to public transit, shopping, parks, and other nearby amenities-all within walking distance. With strong rental demand and community revitalization in full swing, this is a rare chance to secure a property in one of Chicago’s most active neighborhoods. Bring your vision and transform this gem into a stunning income-generating asset!
Property Details
Price:
$170,000
MLS #:
MRD12346637
Status:
Active Under Contract
Beds:
4
Baths:
2
Address:
4941 W Iowa Street
Type:
Multi Family
Neighborhood:
CHI – Austin
City:
Chicago
Listed Date:
Apr 22, 2025
State:
IL
ZIP:
60651
Year Built:
1913
Schools
School District:
299
Interior
Heating
Natural Gas
Exterior
Construction Materials
Brick
Parking Features
On Site, Garage Owned, Detached, Garage
Parking Spots
2
Roof
Flat
Financial
Tax Year
2023
Taxes
$4,431
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
More About DebraMortgage Calculator
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4941 W Iowa Street
Chicago, IL
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