4811 S Elizabeth Street, Chicago, IL 60609

• 6 beds |
• 3 baths

Property Description

Great Value-Add Investment Opportunity - Legal 3-Unit Building Excellent opportunity for investors or rehabbers looking to add value. This legal 3-unit building offers strong income potential and is being sold with two long-term tenants in place. Current rents are well below market value, providing excellent upside potential. One tenant has occupied the property for over 30 years, and the other for over 10 years. The vacant garden/basement with a newer furnace (2024) is ready for updating before occupancy. Each apartment features 2 bedrooms plus a versatile bonus room that can be used as a home office, pantry, or additional storage. This property includes an enclosed rear porch. Additional features include an unfinished attic with potential for future use (subject to city approvals), a detached garage, and a spacious backyard. The building is in need of updating throughout and offers an excellent opportunity for renovation and increased value. Property is being sold AS IS. Listing agent related to seller. Schedule your tour today!

Listing Status:

Active

Data Last Updated:

August 24, 2026 at 6:20PM

Listing Office:

@properties Christie's International Real Estate : 773-798-7190

Listing Agent:

Elizabeth Maldonado : 773-798-7190

MLS ID:

12722361

Interior

• Rooms: Den
• Basement: FinishedDaylightWalk-Out Access
• Heating: Natural Gas

Exterior

• Parking: Off SiteDetachedGarageParking spaces: 2

Location

• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: 20081150060000
• Fencing: Fenced

Utilities

• Water: Lake Michigan
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple