$390,000
$349,900
11.5%For more information regarding the value of a property, please contact us for a free consultation.
4844 W Rice ST Chicago, IL 60651
4 Beds
2 Baths
2,613 Sqft Lot
Key Details
Sold Price $390,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12613880
Sold Date 06/10/26
Bedrooms 4
Year Built 1913
Annual Tax Amount $4,762
Tax Year 2024
Lot Size 2,613 Sqft
Lot Dimensions 25 X 125
Property Sub-Type Two to Four Units
Property Description
Welcome to this fully renovated 2-unit investment property delivering the ideal blend of modern finishes and reliable income potential in the prime pocket of the lively eastern Austin neighborhood. Each unit offers 2 bedrooms, 1 full bathroom, spacious living areas, and updated kitchens designed to attract today's renters. Hardwood flooring runs throughout, complemented by central heating for year-round comfort. Recent upgrades further enhance tenant appeal and operational ease, including newly installed blinds in the dining room, living room, kitchen, and both bedrooms in each unit, ceiling fans added to the living and dining areas, and a washer/dryer hookup in Unit 2-creating additional value and rental flexibility. All appliances and mechanical systems are landlord-owned, providing consistency in maintenance and long-term asset control. This is a true turnkey opportunity for investors seeking immediate cash flow with minimal upfront work. Lease both units for strong returns or take advantage of a house-hack strategy by occupying one while the other offsets your expenses. Bright, sun-filled interiors elevate the overall living experience, while the unfinished basement offers ample storage and future value-add potential. Convenient access to major highways, public transportation, schools, and parks ensures consistent tenant demand and long-term appreciation. A clean, income-producing asset positioned for stability, scalability, and long-term growth.
Location
State IL
County Cook
Area Chi - Austin
Zoning MULTI
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas, Forced Air
Equipment CO Detectors
Fireplace N
Exterior
Garage Spaces 2.0
Community Features Curbs, Sidewalks, Street Lights, Street Paved
Roof Type Rubber
Building
Building Description Brick, No
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
Elementary Schools Mcnair Elementary School Communi
Middle Schools Mcnair Elementary School Communi
High Schools Orr Community Academy High Schoo
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Enri Gamez of RISING REALTY LLC
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