4840 W WABANSIA Avenue
Chicago, IL, 60639 $ 485,000
Bedrooms5 Baths3.0 Monthly Estimate*
$ 3,062
for $485,000 with 5 bedrooms and 3 full baths. This home was built in 1921.
Don't miss this opportunity to own a beautifully maintained 2-unit building in Chicago's sought-after North Austin neighborhood. Offering the perfect blend of owner-occupant appeal and investment potential, this property presents an excellent opportunity to generate rental income while building long-term equity. The owner-occupied SECOND FLOOR unit has been meticulously maintained and thoughtfully updated, offering a bright, open-concept layout with hardwood floors, recessed lighting, modern fixtures, and in-unit laundry. The updated kitchen features quartz countertops, custom cabinetry, stainless steel appliances, and ample storage, while the spacious living and dining areas provide the perfect setting for everyday living and entertaining. The beautifully renovated bathroom showcases contemporary finishes and a spa-like walk-in shower, adding to the unit's overall appeal. Both units offer 2 bedrooms, 1 bathroom, formal living and dining rooms, hardwood floors, and enclosed rear porches that provide valuable additional storage space. Separate mechanical systems, including individual furnaces, water heaters, electrical panels and thermostats, add convenience and flexibility. You will also appreciate the expansive finished basement with a private entrance, adding significant usable space to the property. The basement features a large recreation area, separate office room, full bathroom, and generous storage. This versatile space offers tremendous flexibility for tenant amenities, a home office, fitness area, recreation room, guest accommodations, or additional storage, enhancing both the property's functionality and long-term value. Outside, you'll find a fenced backyard designed for both relaxation and entertaining. The impressive oversized 2-car garage features a double overhead door and substantial attic storage above, while the attached covered patio area creates the perfect outdoor gathering space. Complete with a ceiling fan and ample room for seating, grilling, and entertaining, it's an ideal spot to enjoy summer cookouts, family get-togethers, or simply unwind outdoors. Conveniently located just steps from the Grand/Cicero Metra station and close to grocery stores, restaurants, local shops, public transportation and everyday conveniences, this property offers both value and accessibility. Schedule your private tour today!
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FeaturesGeneralSewer Public Sewer
Heating Natural Gas
Possession Lease Back Required Negotiable
Roof Flat
Zoning MULTI
Garage Spaces 2.5
Construction Materials Brick
Year Built 1921
Township Hyde Park
Tax Year 2024
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 13
Status New
Directions WEST OF CICERO ON WABANSIA (NORTH OF NORTH AVE)
City Chicago
High School District 299
MLS Area CHI - Austin
Tax Annual Amount 5968.16
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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InteriorBasement Finished Full Walk-Out Access
Total Bedrooms 5
Total Baths 3
Bedrooms Possible 5
Full Baths Building 3
Half Baths Building 0
Total Number of Units 2
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ExteriorParking Features Garage Door Opener Garage Yes Garage Owned Detached
Water Source Lake Michigan
Total Parking 2.5
Lot Dimensions 34X125
Waterfront Y/N N
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* Excluded FeaturesList Bygreg.morales0802@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,062
- Monthly Property Taxes
- $497
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyMulti-family listings in Chicago, IL
Average List Price $621,453
Percent of Sale Price 28%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/25/2026 | $485,000 | | Listed Price |