Chicago, IL 60641 4854 W Addison Street
$625,000



46 more















































Presented By: Real Broker LLC
Home Details
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!
Presented By: Real Broker LLC
Interior Features for 4854 W Addison Street
Bedrooms
Bedrooms Possible4
Total Bedrooms4
Bathrooms
Full Baths Building2
Half Baths Building2
Total Baths4
Other Interior Features
BasementNone
Total Number of Units3
General for 4854 W Addison Street
Additional Parcels Y/NNo
Architectural StyleOther
CityChicago
Construction MaterialsBrick
ContingencyAttorney/Inspection
CountyCook
DirectionsJust west of Cicero on Addison, just off the corner of Lamon and Addison
Elementary School District299
Garage Spaces2
HeatingIndv Controls
High School District299
MLS AreaCHI - Portage Park
Middle/Junior School District299
ModificationTimestamp2025-08-05T17:47:02.343Z
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
SewerPublic Sewer
Standard StatusActive Under Contract
StatusContingent
Tax Annual Amount9916
Tax Year2023
Total Rooms25
TownshipJefferson
Year Built1938
ZoningOTHER
Exterior for 4854 W Addison Street
Lot Dimensions34' X 126'
Parking FeaturesOn Site, Garage Owned, Detached, Owned, Garage
Total Parking4
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
