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Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes $9,916
Lot Size 
Approx. Age 1938
MLS® Number 12431830

Property Address: 4854 W Addison St, CHICAGO, IL, 60641-3520

Average square foot calculated using Size range provided by listing agent.

Description

Charming Multi-Use Property with Income Potential! Welcome to this one-of-a-kind, income-generating gem in a prime location! Offering just over 4, 000 square feet of versatile space, this beautifully maintained property includes one commercial unit and two residential units, making it a rare find for savvy investors or business owners looking for flexibility and strong returns. The third floor features a bright and inviting 2-bedroom, 1- bath residential unit, ideal for tenants or a comfortable owner's retreat. Enjoy deck access and in-unit laundry. (Currently leased through August.) On the second floor, you'll find a stylish 2-bedroom, 1-bath unit, fully remodeled in 2023 and now vacant-ready for your next tenant or personal use. This unit also enjoys private deck access, with laundry conveniently located just downstairs. The first floor commercial space is a standout, offering prime visibility and thoughtful design for any business. It includes three private offices, a spacious conference room, an open front office area, and a fullyequipped kitchen with a stove, fridge, and sink. The bathroom is smartly split into separate rooms for the toilet, sink, and shower-perfect for clientfacing businesses. Recent updates include: Second floor remodel (2023), Brand new front deck (2024), Commercial space flooring (2020), Two-car garage (approx. 10 years old), currently used for storage, New roof (rolled tar, 2017), Completed tuck-pointing in recent years. This property blends classic charm with thoughtful updates, offering a unique opportunity for owner-occupants, investors, or business owners seeking multi-use flexibility. With existing rental income and commercial potential, this is a rare chance to secure a strong return in a highly desirable location!
MLS® Number12431830
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1938
BasementNone
DrivewayOn Site, Garage Owned, Detached, Owned, Garage
Garage Spaces2
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

Aug 4, 2025End Date
$609,000Sold Price

Sold

Jul 28, 2025List Date
$625,000List Price
  • Commute

Commute

Starting Address
Destination Address
4854 W Addison St, CHICAGO, IL

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