4854 W Addison Street Chicago, IL 60641
Listing Courtesy of: MLS LogoMidwest Real Estate Data / Real Broker LLC

  4854 W Addison Street Chicago, IL 60641

Contingent (21 Days)
$625,000
4
BED
4
BATH

Description

Charming Multi-Use Property with Income Potential! Welcome to this one-of-a-kind, income-generating gem in a prime location! Offering just over 4,000 square feet of versatile space, this beautifully maintained property includes one commercial unit and two residential units, making it a rare find for savvy investors or business owners looking for flexibility and strong returns. The third floor features a bright and inviting 2-bedroom, 1- bath residential unit, ideal for tenants or a comfortable owner's retreat. Enjoy deck access and in-unit laundry. (Currently leased through August.) On the second floor, you'll find a stylish 2-bedroom, 1-bath unit, fully remodeled in 2023 and now vacant-ready for your next tenant or personal use. This unit also enjoys private deck access, with laundry conveniently located just downstairs. The first floor commercial space is a standout, offering prime visibility and thoughtful design for any business. It includes three private offices, a spacious conference room, an open front office area, and a fullyequipped kitchen with a stove, fridge, and sink. The bathroom is smartly split into separate rooms for the toilet, sink, and shower-perfect for clientfacing businesses. Recent updates include: Second floor remodel (2023), Brand new front deck (2024), Commercial space flooring (2020), Two-car garage (approx. 10 years old), currently used for storage, New roof (rolled tar, 2017), Completed tuck-pointing in recent years. This property blends classic charm with thoughtful updates, offering a unique opportunity for owner-occupants, investors, or business owners seeking multi-use flexibility. With existing rental income and commercial potential, this is a rare chance to secure a strong return in a highly desirable location!

MLS #:
12431830
Taxes
$9,916(2023)
Type
Multifamily
Year Built
1938
Style
Other
School District
299
County
Cook County

Listed By

Rafay Qamar, Real Broker LLC
Source
Midwest Real Estate Data as distributed by MLS Grid
Last checked Aug 17 2025 at 3:12 PM GMT+0000
Bathroom Details
Heating and Cooling
  • Indv Controls
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Public Sewer
Parking
  • On Site
  • Garage Owned
  • Detached
  • Owned
  • Garage
Location
   
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Disclaimer: Based on information submitted to the MLS GRID as of 4/20/22 08:21. All data is obtained from various sources and may not have been verified by broker or MLSGRID. Supplied Open House Information is subject to change without notice. All information should beindependently reviewed and verified for accuracy. Properties may or may not be listed by the office/agentpresenting the information. Properties displayed may be listed or sold by various participants in the MLS. All listing data on this page was received from MLS GRID.