4950 W Gunnison Street
Chicago, IL, 60630
$475,000
4 Beds
2 Baths
0 SqFt
0 Acres
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$475,000
4950 W Gunnison Street
Chicago, IL, 60630
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Situated on an extra wide lot in a premier location of Jefferson Park, this turnkey 2 flat presents an extraordinary opportunity for investors, multi-generational living, or house hackers – live in one unit and generate income leasing the other unit! Both bright and airy apartments feature 2 bedrooms with walk-in closets, 1 bath, tall ceilings, formal living and dining rooms, charming breakfast nooks, and a private 1st floor deck. Enjoy total peace of mind with key recent updates, including newer furnaces (2024), a brand new 2nd floor water heater (2026), and a modernized 2nd floor kitchen with updated cabinets, counter top, backsplash and faucet (2023). An enclosed rear staircase connects both levels to a massive unfinished basement and attic, offering value add potential for a duplex-up expansion or a single family conversion. Outside, a fully fenced landscaped yard leads to a 2 car garage offering additional storage or rental potential. Ideally positioned near Beaubien Elementary district, the Blue Line, Metra stations, bus routes, I-90/94, multiple forest preserves, many grocery stores, and neighborhood favorites like Gale Street Inn and Westons Coffee & Tap Co., this versatile property delivers unbeatable convenience, flexible living options, and immediate income potential!

Property Details

Price:
$475,000
MLS #:
MRD12698253
Status:
Active Under Contract
Beds:
4
Baths:
2
Type:
Multi Family
Neighborhood:
chiforestglen
Listed Date:
Jul 29, 2026
Year Built:
1911
Chi – Forest GlenChiforestglen

Schools

School District:
299

Interior

Heating
Natural Gas

Exterior

Construction Materials
Vinyl Siding
Garage Spaces
2
Parking Features
Garage Door Opener, Yes, Garage Owned, Detached, Garage
Parking Spots
2
Parking Total
2
Roof
Asphalt

Financial

Tax Year
2024
Taxes
$6,492
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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 Aug 09, 2026
1,428
Multi Family Listed
82
Avg DOM
$531,605
Avg List Price

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Property Summary

    4950 W Gunnison Street Chicago IL is a Multi Family for sale in Chicago, IL, 60630. It is listed for $475,000 To schedule a showing of MLS#mrd12698253 at 4950 W Gunnison Street in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
4950 W Gunnison Street
Chicago, IL