4906 W Erie Street, Chicago, IL
  • $499,000
  • $525,000

Description

Prime Investment Opportunity—Renovated Multi-Unit Gem Offering Flexible Income or Spacious Family Residence. Beautifully updated multi-unit building featuring two spacious apartments and a large garden unit, ideal for savvy investors seeking high cap rates or for a large extended family with all this space. 3 bedroom upper unit–1200SF, 2 bedroom lower unit–1000SF, and garden unit with 3 multi-purpose rooms. Three full bathrooms throughout. Property Highlights: Fully renovated with high-quality finishes throughout. All new windows and brand new appliances. Modern can lighting, designer neutral paint, and upgraded flooring. Newly refinished front and rear staircases. Secure 6-foot wood privacy fence in front. Separate back porches for both main units plus a spacious 25×25 backyard perfect for grilling and outdoor enjoyment. Kitchens & Baths— Granite countertops, white shaker-style cabinets, and deep double-bowl sinks. Stainless steel appliances (stove, microwave, refrigerator) Bathrooms feature marble tile, vanities, and tub/shower combinations (garden unit has a large walk-in shower) Mechanicals & Systems—Separate forced-air heating for each uni. Two 100-amp electrical services plus a 100-amp common panel. This turnkey property offers excellent income potential with modern updates, desirable layouts, and strong tenant appeal.Perfect for investors looking to maximize returns or a large extended family looking for space. Included is a newer two car garage plus a wood security fence in front. Current taxes are very low. RIGHT next to Nash Elementary, very close to Ronald McNair Elementary School. 12 minute walk to the Lake-Cicero Green Line L, RAPID access east and west. Close to lots of shopping and restaurants. Easy access to Chicago Avenue, North Avenue, and 290. 6 minute drive to I-290

  • Listing Courtesy of: EXIT Strategy Realty

Details

Updated on June 28, 2026 at 8:34 pm
  • Property ID MRD12650514
  • Price $499,000
  • Land Area 0.07 Acres
  • Bedrooms 7
  • Garages 2
  • Year Built 1905
  • Property Type Multi Family
  • Property Status Active
  • Parking Total 2
  • Parcel Number 16092110390000
  • Water Source Lake Michigan
  • Sewer Public Sewer
  • MLS Status Active
  • Days On Market 43
  • Living Area 0.07
  • Cumulative Days On Market 29
  • Tax Annual Amount 5233
  • Heating Natural Gas
  • Parking Features Garage Door Opener,Yes,Detached,Garage
  • Directions South of Chicago Ave., one way west from Cicero to address
  • Zoning MULTI
  • Address 4906 W Erie Street
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60644
  • Country United States

Overview

Property ID: MRD12650514
  • Multi Family
  • Property Type
  • 7
  • Bedrooms
  • 2
  • Garages
  • 1905
  • Year Built

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