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Updated Duplex with In-Law Unit
New
For Sale
$549,900

4823 W Grace St, Chicago, IL 60641

Two-unit property with a garden apartment, flexible bedroom layouts, and a detached garage with alley access.

Property SizeContact for details
Days on Market7

Property Features for 4823 W Grace St

General Information

Standard status Active
Property subtype Multi-Family

Property Condition

Severity Repairs Needed
Evidence Needs some cosmetic work

Additional Details

Multifamily Units 3

Amenities

deck
laundry room
fenced yard
fireplace

Building Details

Year Built 1914
Listing Agency: 606 Brokers LLC
Listed By: Antonio Sarmiento (773) 870-5101 · License #475164651
Source: Illianahomesource
Added: Sep 1 Changed: Sep 6 Last Checked: Sep 6 at 9:23AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 606 Brokers LLC

Investment Insights

Based on property information with market context.

This 1914 duplex includes a first-floor residence with two bedrooms plus a den, hardwood floors, an eat-in kitchen, tall ceilings, and a large living and dining area with a fireplace. The garden-level unit offers hardwood flooring, generous living space, and a recently upgraded bathroom with a Bath Fitter surround. An in-law unit adds flexibility to the existing two-unit configuration.

Recent improvements include HVAC installed less than 6 years ago, water heaters, windows, siding, roofing, and LeafGuard gutters. The main-floor residence opens to a deck overlooking a fenced yard. The property also includes a 2.5-car garage with alley access, a laundry room, and additional storage. Some interior cosmetic work remains unfinished. The building is located at 4823 W Grace St, approximately 1–2 blocks from 6 Corners.

Key Highlights

  • Two‑unit property with an additional in‑law unit
  • First‑floor unit has 2 bedrooms plus a den and hardwood floors
  • Garden unit includes upgraded bathroom with Bath Fitter surround

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Hotel & Motel Acupuncture Skin Care Clinic Cosmetic Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,639
Businesses Nearby

Demographics for 60641, IL

69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit property with a garden apartment, flexible bedroom layouts, and a detached garage with alley access.
Where is this duplex located?
The property is located at 4823 W Grace St Chicago, IL.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two‑unit property with an additional in‑law unit; First‑floor unit has 2 bedrooms plus a den and hardwood floors; Garden unit includes upgraded bathroom with Bath Fitter surround
More about this property
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