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

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 Market53

Property Features for 4823 W Grace St

General Information

Standard status Pending
Property subtype Multi-Family

Property Condition

Severity Repairs Needed
Evidence Needs some cosmetic work

Site & Location

Neighborhood Portage Park

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 3 Changed: Oct 15 Last Checked: Oct 24 at 5:13PM

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

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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

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Open Analytics

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

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
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