Listing provided courtesy of EXIT Strategy RealtyMREDas Distributed by MLSGrid- MLS# 12650514
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Request Info4906 W Erie StreetChicago, IL 60644
Multi-Family · 5 Beds · 0.07 Acres$499,000
Active
4906 W Erie Street Overview
- Time on Site:
- 33 days
- Visits:
- 1
Prime Investment Opportunity---Renovated Multi-Unit Gem Offering Flexible Income or Spacious Family Residence. Beautifully updated multi-unit building featuring two spacious apartments and a large garden unit, ideal for savvy investors seeking high cap rates or for a large extended family with all this space. 3 bedroom upper unit--1200SF, 2 bedroom lower unit--1000SF, and garden unit with 3 multi-purpose rooms. Three full bathrooms throughout. Property Highlights: Fully renovated with high-quality finishes throughout. All new windows and brand new appliances. Modern can lighting, designer neutral paint, and upgraded flooring. Newly refinished front and rear staircases. Secure 6-foot wood privacy fence in front. Separate back porches for both main units plus a spacious 25x25 backyard perfect for grilling and outdoor enjoyment. Kitchens & Baths--- Granite countertops, white shaker-style cabinets, and deep double-bowl sinks. Stainless steel appliances (stove, microwave, refrigerator) Bathrooms feature marble tile, vanities, and tub/shower combinations (garden unit has a large walk-in shower) Mechanicals & Systems---Separate forced-air heating for each uni. Two 100-amp electrical services plus a 100-amp common panel. This turnkey property offers excellent income potential with modern updates, desirable layouts, and strong tenant appeal.Perfect for investors looking to maximize returns or a large extended family looking for space. Included is a newer two car garage plus a wood security fence in front. Current taxes are very low. RIGHT next to Nash Elementary, very close to Ronald McNair Elementary School. 12 minute walk to the Lake-Cicero Green Line L, RAPID access east and west. Close to lots of shopping and restaurants. Easy access to Chicago Avenue, North Avenue, and 290. 6 minute drive to I-290
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4906 W Erie Street Facts & Features
- Type Multi-Family
- Lot 0.07 Acres
Details
General
School Information
- School District: 299
- Elementary School: Nash Elementary School
Income/Expenses
- Gross Income: 0
- Net Operating Income: 0
Building Information
- New Construction: No
- Year Built: 1905
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - Austin
- Township: West Chicago
Community/Development
- Community Features: Curbs, Gated, Sidewalks, Street Lights
Tax Information
- Tax Annual Amount: $5,233.00
- Tax Year: 2025
General Information
- Ownership: Fee Simple
- Parcel Number: 16092110390000
- Property Type: Residential Income
- Rebuilt Year: 2026
- Special Listing Conditions: None
- Zoning: MULTI
Interior
Parking Information
- Half Baths Building: 0
- Garage Spaces: 2
Beds/Baths
- Bathrooms Total: 3
- Bedrooms Total: 7
- Bedrooms Possible: 7
- Full Baths Building: 3
General Information
- Basement: Partially Finished, Full
- Foundation Details: Concrete Perimeter
- Heating: Natural Gas
- Other Equipment: Ceiling Fan(s)
- Rooms Total: 14
Exterior
Parking Information
- Parking Features: Garage Door Opener, Yes, Detached, Garage
- Parking Total: 2
Lot Information
- Additional Parcels: No
- Lot Features: Common Grounds
- Lot Size Dimensions: 24x125
- Water Source: Lake Michigan
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Construction Materials: Brick
- Roof: Rubber, Flat
General Information
- Sewer: Public Sewer
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Actual Rent: 0
- Beds Total: 2
- Baths Total: 1
Unit 2 Details
- Unit Type: Unit 2
- Actual Rent: 0
- Beds Total: 3
- Baths Total: 1
4906 W Erie Street Neighborhood
Community
60644 (Chicago) Demographics
36
Median Age
13,070
Population Density (per sq. mile)
19%
College Educated
$28,033
Estimated Median Income
5,202
Estimated Total Home Owners
12,107
Estimated Total Renters
30% / 70%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.4906 W Erie Street Monthly Cost
4906 W Erie Street Market Data
Based on the last 30 days in this zip code
$312,454
Average List Price
$167
Average Price per Square Foot
10
Properties Sold
73
Average Days on Market
33
Properties for Sale
4906 W Erie Street History
| Date | Value | Agent |
|---|---|---|
| 6/12/2026Source: MRED | Active |
|
| 6/7/2026Source: MRED | $499,000 -5.0% |
|
| 6/7/2026Source: MRED | Price Change |
|
| 5/30/2026Source: MRED | Active |
|
| 5/27/2026Source: MRED | May 27, 2026 |
|
| 6/20/2022Source: MRED | January 27, 2022 |