Refine Search

4844 W Rice Street , Chicago, IL 60651

$349,900
  • 4844 W Rice Street , Chicago, IL 60651 Main Photo

33 Total Photos [Click to View All]

New to the Market New
BEDS4 BATHS2 full MLS#12613880
STATUSNew PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 299

Property Description

Welcome to this fully renovated 2-unit investment property delivering the ideal blend of modern finishes and reliable income potential in the prime pocket of the lively eastern Austin neighborhood. Each unit offers 2 bedrooms, 1 full bathroom, spacious living areas, and updated kitchens designed to attract today's renters. Hardwood flooring runs throughout, complemented by central heating for year-round comfort. Recent upgrades further enhance tenant appeal and operational ease, including newly installed blinds in the dining room, living room, kitchen, and both bedrooms in each unit, ceiling fans added to the living and dining areas, and a washer/dryer hookup in Unit 2-creating additional value and rental flexibility. All appliances and mechanical systems are landlord-owned, providing consistency in maintenance and long-term asset control. This is a true turnkey opportunity for investors seeking immediate cash flow with minimal upfront work. Lease both units for strong returns or take advantage of a house-hack strategy by occupying one while the other offsets your expenses. Bright, sun-filled interiors elevate the overall living experience, while the unfinished basement offers ample storage and future value-add potential. Convenient access to major highways, public transportation, schools, and parks ensures consistent tenant demand and long-term appreciation. A clean, income-producing asset positioned for stability, scalability, and long-term growth.

4844 W Rice Street | MLS# 12613880

This multi-family property located at 4844 W Rice Street , Chicago, IL 60651 is currently listed for sale with an asking price of $349,900. W Rice Street is located within the District 299 school district. Search Chicago real estate on www.gogambino.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished, Full
Garage: 2
Heating: Natural Gas, Forced Air
Lot Size: 0.06 Acres
Roof Type: Rubber
Taxes: $4,762
Year Built: 1913

Feature Descriptions

Exterior: Brick
Lot Dimensions: 25 X 125
Other Equipment: CO Detectors
Parcel#: 16044280220000
Parking: Yes, Garage Owned, Detached, Garage
Sewer: Public Sewer
Total Rooms: 10
Township: West Chicago
Water: Lake Michigan

Local Schools

High School: Orr Community Academy High Schoo
Middle School: Mcnair Elementary School Communi
Elementary School: Mcnair Elementary School Communi
School District: District 299

Listed By / Shown By

Listed By

Agency Name: EXIT Strategy Realty
Agency Phone: 312-554-5478

Shown By

Agency Title: Gambino Realtors
Agency Phone: 815-282-2222

IDX logo

Estimate Your Payment

Estimated Payment

$ 2,088.24 per month $1,589.35 Principal & Interest $396.83 Property Tax $102.05 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Login to My Homefinder

Pixel