4948 W Washington Boulevard
Chicago, IL, 60644
$515,000
7 Beds
4 Baths
0 SqFt
0 Acres
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$515,000
4948 W Washington Boulevard
Chicago, IL, 60644
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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:
$515,000
MLS #:
MRD12327265
Status:
Active
Beds:
7
Baths:
4
Type:
Multi Family
Neighborhood:
CHI – Austin
Listed Date:
Apr 3, 2025
Year Built:
1907
Chi – AustinChi – Austin

Schools

School District:
299

Interior

Heating
Natural Gas

Exterior

Architectural Style
Brownstone
Construction Materials
Brick
Parking Features
On Site
Parking Spots
2

Financial

Tax Year
2023
Taxes
$4,220
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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 Sep 02, 2025
1,497
Multi Family Listed
82
Avg DOM
$499,538
Avg List Price

Community

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Property Summary

    4948 W Washington Boulevard Chicago IL is a Multi Family for sale in Chicago, IL, 60644. It is listed for $515,000 To schedule a showing of MLS#mrd12327265 at 4948 W Washington Boulevard in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
4948 W Washington Boulevard
Chicago, IL