NOT LISTED FOR SALE

4650 W Warwick Ave Chicago, IL 60641

Portage Park Neighborhood
-- Bed
6 Baths
6,342 Sq Ft
1918 Built

Last Sold March 06, 2025

Last sale price $890,000 $140 Per Sq Ft

88 Days on Market

About This Home

As of March 2025

LOCATED IN THE HIGHLY DESIRABLE NORTHWEST SIDE OF CHICAGO, THIS WELL-MAINTAINED CORNER RED BRICK BUILDING FEATURES SIX (6) SPACIOUS 2BD/1BA UNITS. THIS PROPERTY OFFERS EXCELLENT AMENITIES, INCLUDING A 3-CAR ATTACHED GARAGE AND AN ON-SITE, BUILDING-OWNED LAUNDRY FACILITY FOR TENANT CONVENIENCE. THE BUILDING IS SERVICED BY OWNER-PROVIDED HOT WATER, WHILE RESIDENTS ARE RESPONSIBLE FOR THEIR OWN COOKING GAS, HVAC GAS, AND ELECTRICITY. THIS PROPERTY IS IDEALLY POSITIONED TO GENERATE CONSISTENT RENTAL INCOME AND OFFERS STRONG POTENTIAL FOR FUTURE APPRECIATION IN A SOUGHT-AFTER NEIGHBORHOOD. THIS IS A RARE OPPORTUNITY FOR INVESTORS SEEKING STABLE CASH FLOW AND LONG-TERM GROWTH IN ONE OF CHICAGO'S ESTABLISHED RESIDENTIAL AREAS. PROPERTY HIGHLIGHTS: -75-GALLON HOT WATER TANKS (INSTALLED IN 2022) -SEPARATE GAS HVAC FOR EACH UNIT (RESIDENT PAID) -BUILDING-OWNED LAUNDRY FACILITY -(3)-CAR ATTACHED GARAGE

Last Agent to Sell the Property

Jamison Klassman

Revive Real Estate LLC License #475137827 Listed on: 09/26/2024

Last Buyer's Agent

Melissa Maierhofer

Becovic Management Group Inc License #475201260

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,406

Year Built

  • Built in 1918

Utilities

  • Central Air
  • Heating System Uses Gas

Additional Features

  • 3-Story Property
  • Lot Dimensions are 30 x 125

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $509
  • Fuel Expense $903
  • Insurance Expense $7,941
  • Maintenance Expense $900
  • Other Expense $300
  • Trash Expense $1,200
  • Water Sewer Expense $4,286
  • Operating Expense $38,047
  • Gross Income $111,240
  • Net Operating Income $73,192

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,406

Year Built

Built in 1918

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 3
  • Year Built: 1918
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0

Garage/Parking

  • Indoor Parking: 1-5 Spaces

Utilities

  • Cooling: Central Air
  • Heat/Ventilation: Gas

Fee Information

  • Trash Expense: 1200
  • Water Sewer Expenses: 4286

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 30 X 125

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 73192
  • Fuel Expense: 903
  • Insurance Expense: 7941
  • ElectricExpense: 509
  • GrossIncome: 111240
  • Maintenance Expense: 900
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 38047
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 14406
  • Tax Year: 2023
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/06/2025 03/06/25 Sold $890,000 -0.6% $140 / Sq Ft
12/23/2024 12/23/24 Pending -- -- --
12/06/2024 12/06/24 For Sale $895,000 0.0% $141 / Sq Ft
11/26/2024 11/26/24 Pending -- -- --
11/22/2024 11/22/24 Price Changed $895,000 -10.1% $141 / Sq Ft
10/15/2024 10/15/24 Price Changed $995,000 -7.9% $157 / Sq Ft
09/26/2024 09/26/24 For Sale $1,080,000 -- $170 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,407 $81,000 $10,869 $70,131
2024 $14,407 $81,000 $10,869 $70,131
2023 $14,044 $68,000 $8,765 $59,235
2022 $14,044 $68,000 $8,765 $59,235
2021 $13,727 $68,000 $8,765 $59,235
2020 $10,783 $48,209 $5,083 $43,126
2019 $12,087 $59,925 $5,083 $54,842
2018 $11,883 $59,925 $5,083 $54,842
2017 $10,578 $48,951 $4,557 $44,394
2016 $9,843 $48,951 $4,557 $44,394
2015 $9,007 $48,951 $4,557 $44,394
2014 $9,649 $51,775 $4,207 $47,568
2013 $9,458 $51,775 $4,207 $47,568
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2025

    Jamison Klassman

    Revive Real Estate LLC

    1 in this area

    9 Total Sales

    Jamison Klassman
    Section Image

  • M

    Buyer's Agent in 2025

    Melissa Maierhofer

    Becovic Management Group Inc

    (773) 707-1918

    2 in this area

    3 Total Sales

    Melissa Maierhofer
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12173259

Midwest Real Estate Data (MRED)

APN: 13221130180000

Illinois Cook County Chicago 60641 Portage Park

4650 W Warwick Ave, Chicago, IL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.