4854 W Armitage Avenue Chicago, IL $ 799,000
4854 W Armitage Avenue
$ 799,000
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4854 W Armitage Avenue

Chicago, IL, 60639
$ 799,000
Bedrooms3 Baths0.0

Monthly Estimate*

$ 4,920

4854 W Armitage Avenue, Chicago, IL 60639 - Image 1

Multi-Family Home for sale in Chicago, IL

for $799,000 with 3 bedrooms. This home was built in 1930.

This secured, six-unit asset features individual tenant-paid utilities, separate furnaces and hot water tanks, an integrated camera security and master lock system, and on-site coin-operated laundry. Located at 4854 W Armitage Ave in Chicago's Belmont Cragin neighborhood, this circa-1930, three-story multifamily building spans approximately 5,676 square feet of interior space configured into high-demand two-bedroom, one-bathroom layouts. Investing in 4854 West Armitage Avenue provides a strategic entry into a resilient submarket where demand for mid-sized multifamily assets remains robust, offering a classic Chicago-style architecture play with immediate value-add upside. The highly walkable location boasts a Walk Score of 82, immediate proximity to the CTA #73 Armitage bus (connecting to the Western Blue Line), steps to the Armitage and Cicero stop, a rapid downtown commute via the nearby Healy Metra Station, and close proximity to the 38-acre Hanson Park complex to anchor long-term tenant retention.

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Multi-Family Active

Price

$ 799,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 14,500

Style

Year Built

1930

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12664178

Features
General
Year Built 1930
Stories Count 3
Tax Year 2024
Gross Income 64800
County Cook
Net Operating Income 22305
Operating Expense 42495
Insurance Expense 13100
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 2500
Status New
Directions The subject property is one block west of the intersection of Cicero Ave. on the north side of Armitage Ave.
City Chicago
Number Of Units Total 6
MLS Area CHI - Belmont Cragin
Tax Annual Amount 14500
Electric Expense 830
Fuel Expense 1310
Trash Expense 5200
Water Sewer Expense 2500
Additional Parcels Y/N N
Standard Status Active
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Exterior
Lot Dimensions 25x125
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* Excluded Features
List By
Marcus & Millichap Chicago Apartment Brokers

Broker

srachman@marcusmillichap.com

Email

Affordability Calculator

$6,128
Per Month
80%
20%
0%
Monthly Principal & Interest
$4,920
Monthly Property Taxes
$1,208
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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/5/2026$799,000 Listed Price

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4854 W Armitage Avenue, Chicago, IL, 60639 is a Multi-Family Home for sale at $799,000. 4854 W Armitage Avenue has 3 bedrooms, 0.0 baths, and was built in 1930. The property's zip code is 60639 which is in Chicago, IL