4818 W Washington Blvd Chicago, IL 60644
Austin NeighborhoodEstimated payment $3,185/month
About This Home
Well-maintained and updated 3-unit brick property in Chicago's South Austin neighborhood. This building offers two large 3-bedroom, 2-bath units and one 2-bedroom, 1-bath unit, each featuring modern kitchens with granite countertops, upgraded bathrooms, newer HVAC, and in-unit washer/dryer hookups. The combination of modern upgrades and classic Chicago architecture makes this property highly desirable for tenants and investors alike. Current leases provide steady cash flow, with several tenants on flexible lease terms, allowing an investor to reposition rents to market levels quickly. Market analysis supports $1,800/month for the 3-bedroom units and $1,300/month for the 2-bedroom unit, creating strong rent growth potential. Recent improvements include updated building systems, refreshed interiors, energy-efficient windows, and rebuilt porches, reducing near-term maintenance and improving long-term stability. Perfect opportunity for investors seeking a solid, income-producing property with upside potential in one of Chicago's most accessible West Side communities.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,486
Year Built
- Built in 1914 | Remodeled in 2023
Parking
- 2 Car Garage
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Potential Bedrooms
- 5 Bathrooms
Basement
- Basement Fills Entire Space Under The House
Utilities
- Heating System Uses Natural Gas
- Septic Tank
Community Details
- 3 Units
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
09/05/2025 09/05/25 | Price Changed | $519,900 | -1.0% | -- |
08/28/2025 08/28/25 | For Sale | $525,000 | +262.1% | -- |
10/08/2021 10/08/21 | Sold | $145,000 | -35.6% | -- |
07/24/2021 07/24/21 | Pending | -- | -- | -- |
07/12/2021 07/12/21 | For Sale | $225,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12457538

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