Recently Listed Open House 8/1 11am - 1pm
4950 W Gunnison Street
Chicago, IL, 60630 $ 475,000
Bedrooms4 Baths2.0 Sq 2,332 Monthly Estimate*
$ 2,999
for $475,000 with 4 bedrooms and 2 full baths. This 2,332 square foot home was built in 1911.
Situated on an extra wide lot in a premier location of Jefferson Park, this turnkey 2 flat presents an extraordinary opportunity for investors, multi-generational living, or house hackers - live in one unit and generate income leasing the other unit! Both bright and airy apartments feature 2 bedrooms with walk-in closets, 1 bath, tall ceilings, formal living and dining rooms, charming breakfast nooks, and a private 1st floor deck. Enjoy total peace of mind with key recent updates, including newer furnaces (2024), a brand new 2nd floor water heater (2026), and a modernized 2nd floor kitchen with updated cabinets, counter top, backsplash and faucet (2023). An enclosed rear staircase connects both levels to a massive unfinished basement and attic, offering value add potential for a duplex-up expansion or a single family conversion. Outside, a fully fenced landscaped yard leads to a 2 car garage offering additional storage or rental potential. Ideally positioned near Beaubien Elementary district, the Blue Line, Metra stations, bus routes, I-90/94, multiple forest preserves, many grocery stores, and neighborhood favorites like Gale Street Inn and Westons Coffee & Tap Co., this versatile property delivers unbeatable convenience, flexible living options, and immediate income potential!
See more
Open House
8/1/2026 11:00 AM - 1:00 PM
8/2/2026 1:30 PM - 3:30 PM
4950 W Gunnison Street Chicago, IL
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesGeneralSewer Public Sewer
Heating Natural Gas
Possession Closing
Roof Asphalt
Garage Spaces 2
Construction Materials Vinyl Siding
Year Built 1911
Township Jefferson
Tax Year 2024
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 10
Status New
Directions LAWRENCE NORTH TO LAVERGNE EAST TO 4950 GUNNISON
City Chicago
High School District 299
MLS Area CHI - Forest Glen
Tax Annual Amount 6491.88
Virtual Tour https://real.vision/4950-west-gunnison-street?o=u
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
See more
InteriorBasement Unfinished Full
Total Bedrooms 4
Total Baths 2
Bedrooms Possible 4
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
See more
ExteriorParking Features Garage Door Opener Yes Garage Owned Detached Garage
Water Source Public
Total Parking 2
Lot Dimensions 125.8 x 32
Waterfront Y/N N
Other Equipment Ceiling Fan(s)
See more
* Excluded FeaturesList Bytiffany.razo@compass.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,999
- Monthly Property Taxes
- $541
- 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 $627,206
Percent of Sale Price 32%
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 |
|---|
| 7/29/2026 | $475,000 | | Listed Price |