4919 W Adams St Chicago, IL 60644
Austin Neighborhood
18
Beds
12
Baths
8,796
Sq Ft
1926
Built
About This Home
As of September 2023Welcome to 4919 W. Adams St., a fantastic opportunity for savvy investors looking to add a profitable asset to their portfolio. This remarkable 6-unit brick building, occupied with CHA tenants, offers an exceptional investment in a prime location. Each of the six units boasts an impressive layout featuring 3 bedrooms and 2 bathrooms, providing ample space for residents to enjoy. The entire building has undergone a meticulous gut rehab, carried out with approved plans and permits, ensuring top-notch quality and compliance with regulations. One of the standout features of this property is that all units have separate utilities and gas forced air, promoting convenience and efficiency for both the tenants and the owner. This thoughtful design allows for seamless management and easy maintenance. Speaking of management, the existing property management team is ready to support the new buyer, offering their expertise to oversee the day-to-day operations of the building. This commitment ensures a smooth transition process, allowing you to focus on maximizing your investment. Not only is this property well-managed, but it also benefits from low real estate taxes, contributing to its impressive potential for long-term profitability. With a cap rate of 11%, this investment property offers an attractive return on investment, making it an excellent addition to any portfolio. Situated on a desirable block in a great location, this building is surrounded by amenities, including shopping, dining, parks, and more. Its prime position ensures strong demand from tenants, further solidifying its investment value. Don't miss out on this incredible opportunity to acquire an occupied 6-unit brick building with CHA tenants, complete with a gut rehab, separate utilities, an experienced property management team, and low real estate taxes. With its exceptional cap rate of 11%, this property is a must-see for astute investors. Schedule your private showing today and secure your future in real estate.
Property Details
Home Type
Multi-Family
Year Built
1926
Lot Details
0
Listing Details
- Property Type: Commercial Sale
- Property Type: Multi Family 5+
- Property Sub-Type: Flats
- Stories: 3
- Year Built: 1926
- Built Before 1978 (Y/N): Yes
- Information: None
- Estimated Age: Older
- ResoPropertyType: CommercialSale
- Special Features: None
- Property Sub Type: MultiFamily
Interior Features
- Total Bathrooms: 12
- Total Bedrooms: 18
- Room: 0
- Room: 0
- Room: 0
Exterior Features
- List Price: 750000
- Exterior Building Type: Brick
Utilities
- Heat/Ventilation: Forced Air,Gas,Separate Per Unit
Fee Information
- Trash Expense: 1560
- Water Sewer Expenses: 1800
- Janitor Expense: 0
Lot Info
- Additional Parcels: No
- Lot Dimensions: 60X125
Rental Info
- Tenant Pays: Electricity, Heat
- Board Number: 2
Multi Family
- Net Operating Income: 85168
- Insurance Expense: 2500
- ElectricExpense: 240
- GrossIncome: 107628
- Maintenance Expense: 7200
- NumberOfUnitsTotal: 6
- OperatingExpense: 17078
- Type Multi-Family: Flats
Tax Info
- Tax Annual Amount: 3778.11
- Tax Year: 2021
Similar Homes in Chicago, IL
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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
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/27/2025 05/27/25 | Pending | -- | -- | -- |
| 05/10/2025 05/10/25 | For Sale | $650,000 | +3.2% | -- |
| 09/19/2023 09/19/23 | Sold | $630,000 | -16.0% | $72 / Sq Ft |
| 08/17/2023 08/17/23 | Pending | -- | -- | -- |
| 05/21/2023 05/21/23 | For Sale | $750,000 | -- | $85 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Seller's Agent in 2025
Sebastian Hila
Optimus Realty Inc
(773) 501-6845
35 Total Sales
-
Seller's Agent in 2023
Sam Shah
YBRS Realty Inc.
(847) 477-1477
26 in this area
127 Total Sales
-
Buyer's Agent in 2023
Laura McNellis
McSully Properties LLC
(708) 227-2418
4 in this area
169 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11788717
APN: 16162080050000
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