$524,900
4948 W Washington Boulevard
Chicago, IL, 60644
Discover the potential of this beautifully renovated 2-unit property located in the vibrant Austin neighborhood of Chicago. A short distance from Columbus Park and major transit lines, ensuring easy access to local amenities and downtown Chicago. Recently updated in 2022, this building underwent an extensive renovation that includes: A complete gut renovation. Upgraded electrical and plumbing systems. New HVAC units installed in each unit. A newly constructed porch for enjoyable outdoor living. A brand-new roof and energy-efficient windows. Both units have been thoughtfully designed with modern amenities, featuring updated kitchens equipped with elegant granite countertops and contemporary bathrooms. Upper Unit: This spacious 3-bedroom, 1-bathroom unit offers ample living space and comfortable accommodations. Lower Unit: The duplex-down unit, boasting 4 bedrooms and 3 bathrooms, provides generous living areas, perfect for families or shared living situations. This property represents an excellent investment opportunity, as both units are already occupied, ensuring immediate cash flow. (BOTH TENANTS ARE WILLING TO MOVE) Market analysis suggests that these units could be rented at 2,000 per mo for the upper unit and 2,700 per mo for the duplex unit. Whether you are a homeowner looking for a comfortable living space with added rental income or an investor seeking a profitable asset, this property offers the perfect blend of location, updated features, and cash flow potential. Don’t miss this opportunity to own a piece of the Austin community in Chicago.
Property Details
Price:
$524,900
MLS #:
MRD12327265
Status:
Active
Beds:
7
Baths:
4
Address:
4948 W Washington Boulevard
Type:
Multi Family
Neighborhood:
CHI – Austin
City:
Chicago
Listed Date:
Apr 3, 2025
State:
IL
ZIP:
60644
Year Built:
1907
Schools
School District:
299
Interior
Heating
Natural Gas
Exterior
Architectural Style
Brownstone
Construction Materials
Brick
Parking Spots
2
Financial
Tax Year
2023
Taxes
$4,220
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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4948 W Washington Boulevard
Chicago, IL
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