4920 W Iowa ST Chicago, IL 60651 New

UPDATED: 01/03/2026 08:41 AM ON MARKET: 5 days on market

$440,000

7 Beds3 Baths3,920 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

Subdivision Austin Village

MLS Listing ID 12530396

Bedrooms 7

Year Built 1913

Annual Tax Amount $4,153

Tax Year 2023

Lot Size 3,920 Sqft

Lot Dimensions 34x125

Property Sub-Type Two to Four Units

Property Description

Discover an incredible opportunity with this beautifully updated 3-unit building, perfect for investors or anyone looking to house hack in a low multi-unit inventory market. The first and second units each offer 2 bedrooms and 1 bathroom, with appliances. The third unit offers 3 bed rooms and 1 bath and appliances. The second and third unit include washer and dryer for convenience. Sitting on an oversized lot, the property features a large gated parking pad that fits up to 6 cars. The building is fully rent-ready, allowing you to live in one unit while renting out the other two for immediate income potential. Major renovations have already been completed, including a new roof, windows, sump pump, and check valve in 2020, a heating system in 2018, a push-gate installation in 2018, and new front stairs in 2023. These updates provide peace of mind and long-term value for the next owner. Conveniently located just 10 minutes from the 290 expressway, you'll have quick access to downtown and vibrant north side neighborhoods. Don't miss out on this rare chance to secure a move-in-ready, income-producing building in a highly desirable Chicago location.