4844 W Rice Street Chicago, IL $ 349,900
4844 W Rice Street
$ 349,900
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4844 W Rice Street

Chicago, IL, 60651
$ 349,900
Bedrooms4 Baths2.0 Sq 1,784

Monthly Estimate*

$ 2,154

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Multi-Family Home for sale in Chicago, IL

for $349,900 with 4 bedrooms and 2 full baths. This 1,784 square foot home was built in 1913 on a lot size of 0.06.

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.

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Multi-Family Contingent

Price

$ 349,900

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 4,762

Style

Lot Size

0.06

Year Built

1913

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12613880

Features
General
Sewer Public Sewer
Heating Natural Gas Forced Air
Possession Closing
Roof Rubber
Zoning MULTI
Garage Spaces 2
Construction Materials Brick
Year Built 1913
Township West Chicago
Tax Year 2024
Ownership Fee Simple
Community Features Curbs Sidewalks Street Lights Street Paved
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Contingency Attorney/Inspection
Total Rooms 10
Status Contingent
Directions N/S Cicero West to Subject Property.
High School Orr Community Academy High Schoo
City Chicago
High School District 299
MLS Area CHI - Austin
Elementary School Mcnair Elementary School Communi
Tax Annual Amount 4762.71
Fuel Expense 3946
Middle/Junior High School Mcnair Elementary School Communi
Water Sewer Expense 2769
Additional Parcels Y/N N
Virtual Tour https://www.zillow.com/view-imx/cece3052-f6bb-4b0c-b5fa-98ff12ad09f2?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Standard Status Active Under Contract
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Unfinished Full
Total Bedrooms 4
Total Baths 2
Bedrooms Possible 4
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
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Exterior
Parking Features Yes Garage Owned Detached Garage
Water Source Lake Michigan
Total Parking 2
Foundation Details Concrete Perimeter
Lot Dimensions 25 X 125
Lot Size Acres 0.06
Waterfront Y/N N
Other Equipment CO Detectors
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* Excluded Features
List By
Exit Strategy Realty

Broker

nick@nicklibert.com

Email

Affordability Calculator

$2,551
Per Month
84%
16%
0%
Monthly Principal & Interest
$2,154
Monthly Property Taxes
$397
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5442439 Elementary School
5442439 Middle School
Orr Community Academy High Schoo High School
Pricing History
DatePricePrice ChangeDescription
4/15/2026$349,900 Listed Price

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4844 W Rice Street, Chicago, IL, 60651 is a Multi-Family Home for sale at $349,900 with 1,784 sqft and a lot size of 0.06. 4844 W Rice Street has 4 bedrooms, 2.0 baths, and was built in 1913. The property's zip code is 60651 which is in Chicago, IL