Posted 1 hour ago Active

$349,900

Est. Mortgage  $1,791/mo

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4844 W Rice Street Chicago, IL 60651

Local Information

Residential Income

Built in 1913

Lot size not available

$-- HOA

$--/sqft

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.

Home Highlights

  • Basement: Unfinished
  • Basement: Full
  • Parking: Yes
  • Parking: Garage Owned
  • Parking: Detached
  • Parking: Garage
  • Heating: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Water: Lake Michigan
  • Exterior: Brick
  • Roof: Rubber

No interior room details available.

  • Construction Material: Brick
  • Patio Features: Porch
  • Foundation Features: Concrete Perimeter
  • Roof Features: Rubber
  • Lot Size: 25 X 125

Property Type
  • Residential Income
Ownership Type
  • Fee Simple
Year Built
  • 1913
Lot Size
  • 25 X 125
Tax Year
  • 2024
Tax Amount
  • $4,762.71
HOA Fee
  • $0.00
Listing Status
  • Active
Listing Contract Date
  • April 14, 2026
Heating Features
  • Natural Gas, Forced Air
Sewer Features
  • Public Sewer
Water Source
  • Lake Michigan
Basement Features
  • Unfinished, Full
Parking Type
  • Garage
Parking Spaces
  • 2

Association Fee
  • $0.00
Water Source
  • Lake Michigan
Sewer Features
  • Public Sewer
County
  • Cook
Community Type
  • Residential Income
Lot Size
  • 25 X 125

Original Listing Price
  • $349,900.00
Current Listing Price
  • $349,900.00
Listing Status
  • Active
Listing Contract Date
  • April 14, 2026
Tax Year
  • 2024
Tax Amount
  • $4,762.71
Ownership Type
  • Fee Simple
Property PIN
  • 16044280220000
MLS ID
  • 12613880
Listing Office MLS ID
  • 18235

Price History for 4844 W Rice Street Chicago, IL 60651

Date Price Event Source
No price history available for this property.

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