4950 W Gunnison Street Chicago, IL $ 475,000
4950 W Gunnison Street
$ 475,000
Recently Listed
Open House 8/1 11am - 1pm
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4950 W Gunnison Street

Chicago, IL, 60630
$ 475,000
Bedrooms4 Baths2.0 Sq 2,332

Monthly Estimate*

$ 2,999

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Multi-Family Home for sale in Chicago, IL

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!

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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

Multi-Family Active

Price

$ 475,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 6,491

Style

Year Built

1911

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12698253

Features
General
Sewer 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
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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 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)
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* Excluded Features
List By
Compass

Broker

tiffany.razo@compass.com

Email

Affordability Calculator

$3,540
Per Month
85%
15%
0%
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.
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Nearby
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/29/2026$475,000 Listed Price

Map


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4950 W Gunnison Street, Chicago, IL, 60630 is a Multi-Family Home for sale at $475,000 with 2,332 sqft. 4950 W Gunnison Street has 4 bedrooms, 2.0 baths, and was built in 1911. The property's zip code is 60630 which is in Chicago, IL