4844 W Rice St

Chicago IL 60651

0.06 ac.

Multi-Family

Currently for sale - view listing

Overview

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.

Features

4 bedrooms

2 bathrooms

2 carspaces

2 garage spaces

0.06 ac. lot size

Multi-Family

Property history for 4844 W Rice St

2020

Sold

$274,900

31 Aug 2020 by Angelo Kalaras, of SR Realty Group Inc.

2019

Sold

$115,000

26 Apr 2019 by Timothy Harstead, of Kale Realty

2019

Sold

$115,000

26 Apr 2019 by Lucas Alvarado, of Ready Properties Inc

Happy sellers in Chicago

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