$349,900

4844 W Rice Street, Chicago, IL 60651

4 beds |
2 baths

Multi-Family Home
Built in 1913
2,614sqft lot
2 car garage
$——/sqft
Listed 3 days ago

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.

Listing Status:: Active
Data Last Updated:: April 17, 2026 at 6:18PM
Listing Office:: EXIT Strategy Realty : 773-542-3781
Listing Agent:: Nick Libert : 773-542-3781
MLS ID:: 12613880

Basement: UnfinishedFull
Heating: Natural GasForced Air

Parking: YesGarage OwnedDetachedGarageParking spaces: 2

Roofing: Rubber
General: Concrete Perimeter

HOA Amenities: CurbsSidewalksStreet LightsStreet Paved
Originating MLS: mred
School District: 299
County: Cook

Zoning: MULTI16044280220000
Fencing: Fenced

Water: Lake Michigan
Sewer: Public Sewer

Source: mred
Ownership: Fee Simple

This listing courtesy of Nick Libert , EXIT Strategy Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

McNair Elementary School

4820 W Walton St, Chicago, IL, 60651

Grades PK-8

0.13 miles away

McNair Elementary School

4820 W Walton St, Chicago, IL, 60651

Grades PK-8

0.13 miles away

Yccs West

4909 W Division St, Chicago, IL, 60651

Grades 9-12

0.41 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.