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    4818 W Washington Blvd Chicago, IL 60644

    New
    For Sale
    $499,000

    Residential Income - Chicago, IL

    Days on Market:
    7
    Last Refresh:
    Dec 14 at 12:06 am

    Property Features for 4818 W Washington Blvd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    APN
    16094240300000
    Parking
    2

    Utilities

    Heating system
    Electric (Heating), Natural Gas

    Building Details

    Year built
    1914
    Architectural style
    Other

    A. Progeny Global (708) 829-0511 [email protected]

    Listing agent Alonzo Abron Jr (708) 629-0935 License #471011313

    Listing date Dec 8, 2025

    MLS# 12457538 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chicago Triplex with Modern Upgrades

    Located in Chicago's South Austin neighborhood, this well-maintained and updated 3-unit brick property features two large 3-bedroom, 2-bath units and one 2-bedroom, 1-bath unit. Each unit includes modern kitchens with granite countertops, upgraded bathrooms, newer HVAC systems, and in-unit washer/dryer hookups. The property combines modern upgrades with classic Chicago architecture. Current leases provide steady cash flow, with tenants on flexible lease terms, allowing for potential rent repositioning to market levels. Market analysis suggests potential rents of $1,800 per month for the 3-bedroom units and $1,300 per month for the 2-bedroom unit. Recent improvements include updated building systems, refreshed interiors, energy-efficient windows, and rebuilt porches, reducing near-term maintenance. This income-producing property offers upside potential in one of Chicago's West Side communities, making it suitable for investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7461518
    Latitude
    41.882199

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    FAQs

    What type of property is this?
    Triplex - Updated Chicago triplex in South Austin neighborhood with income potential.
    Where is this triplex located?
    The property is located at 4818 W Washington Blvd Chicago, IL.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Income-producing 3-unit building with strong rent growth potential.; - Updated units featuring modern kitchens with granite countertops and upgraded bathrooms.; - Newer HVAC and in-unit washer/dryer hookups in all units.
    (708) 629-0935
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    Chicago, IL 60644
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4818 W Washington Blvd Chicago, IL 60644
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