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
Est. Annual Taxes
- $3,778
Year Built
- Built in 1926
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 18 Bedrooms
- 12 Bathrooms
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Separate Meters
Additional Features
- 3-Story Property
- Lot Dimensions are 60x125
Listing and Financial Details
- Tenant pays for electricity, heat
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $240
- Insurance Expense $2,500
- Maintenance Expense $7,200
- Trash Expense $1,560
- Water Sewer Expense $1,800
- Operating Expense $17,078
- Gross Income $107,628
- Net Operating Income $85,168
Similar Homes in Chicago, IL
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
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
-
S
Seller's Agent in 2025
Sebastian Hila
Optimus Realty Inc
-
S
Seller's Agent in 2023
Sam Shah
YBRS Realty Inc.
-
L
Buyer's Agent in 2023
Laura McNellis
McSully Properties LLC
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11788717
APN: 16162080050000
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.
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.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Nearby Homes
- 4943 W Monroe St
- 4828 W Adams St
- 5011 W Adams St
- 4901 W Jackson Blvd
- 4816 W Jackson Blvd
- 4906 W Gladys Ave
- 4910 W Gladys Ave
- 4747 W Monroe St
- 5062 W Adams St
- 4734 W Monroe St
- 4720 W Adams St
- 4841 W Washington Blvd
- 4821 W Washington Blvd
- 5055 W Madison St Unit 411
- 4918 W Washington Blvd
- 5092 W Monroe St
- 5065 W Gladys Ave Unit C
- 4719 W Gladys Ave
- 5080 W Van Buren St
- 4643 W Monroe St