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Vic Melecio

vic@melecio.com +1(312) 725-0025

$ 349,900

Est. payment | -/mo

4 Beds

2 Baths

2,613 Sqft Lot

Save Virtual Tour

$ 349,900

Est. payment | -/mo

Save Virtual Tour

4 Beds

2 Baths

2,613 Sqft Lot

Open House

Sun Apr 19, 12:00pm - 1:00pm

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12613880

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

Dwelling Type Two to Four Units

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

Virtual Tour https://www.zillow.com/view-imx/cece3052-f6bb-4b0c-b5fa-98ff12ad09f2?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

Listed by Nick Libert of EXIT Strategy Realty

Schools and Properties Nearby

Learn More About LPT Realty

Contact Us

+1(312) 725-0025

vic@melecio.com

https://melecio.com

4844 W Rice ST Chicago, IL 60651