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Two-Unit Duplex with Finished Basement
For Sale
$485,000
Pending

4840 W WABANSIA Avenue, Chicago, IL 60639

Residential Income, Chicago, IL

Property SizeContact for details
Days on Market59

Property Features for 4840 W WABANSIA Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Basement, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 1, Bathroom 2
Parking 3
Parking features Garage, Open
Basement Walk-Out Access, Finished, Full
Elementary school district 299
Middle school district 299
High school district 299
Directions WEST OF CICERO ON WABANSIA (NORTH OF NORTH AVE)
Subdivision CHI - Austin
Standard status Pending
APN 13334170340000

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 5968

Utilities

Sewer type Public Sewer
Heating system Natural Gas

Amenities

in-unit laundry
enclosed rear porches
finished basement
fenced backyard
covered patio

Building Details

Year built 1921
Building materials Brick
Roof type Flat
Listing Agency: Real Broker LLC
Listed By: Gregorio Morales · License #475195839
Added: Jun 24 Changed: Aug 20 Last Checked: Aug 21 at 9:06PM
MLS# 12687470

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This two-unit duplex offers a maintained, updated second-floor, owner-occupied residence paired with a separate first-floor unit. The second-floor layout includes an open-concept living and dining area with hardwood floors and recessed lighting, an updated kitchen with quartz countertops, custom cabinetry, and stainless steel appliances, plus a renovated bathroom with a spa-like walk-in shower. Both units provide two bedrooms and one bathroom, along with formal living and dining rooms, hardwood floors, and enclosed rear porches for additional storage.

The property is built with brick construction and features separate mechanical systems, including individual furnaces, water heaters, electrical panels, and thermostats. A finished basement with a private entrance adds substantial usable space, including a large recreation area, a separate bedroom or office room, a full bathroom, and generous storage.

Outside, the duplex includes a fenced backyard and a 2.5-car garage with a double overhead door and attic storage above, plus an attached covered patio area. Additional amenities include natural gas heating, public sewer, and a flat roof.

Key Highlights

  • Year built 1921 brick duplex with flat roof
  • Owner‑occupied second‑floor unit with in‑unit laundry
  • Both units: 2 bedrooms, 1 bathroom, formal living and dining rooms

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic (Bike/Boat/Book/etc) Store Dental Office Gym & Fitness Center

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,089
Businesses Nearby

Demographics for 60639, IL

89,543
Population
28,656
Households
3.1
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
5.0 sq mi
ZIP Area
17,909
Density / Sq Mi
$59,710
Median Household Income
$34,846
Median Earnings
$1,212
Median Rent
$289,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Well-maintained two-unit duplex with an owner-occupied second-floor unit, in-unit laundry, and a finished basement with private entry.
Where is this duplex located?
The property is located at 4840 W WABANSIA Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Year built 1921 brick duplex with flat roof; Owner‑occupied second‑floor unit with in‑unit laundry; Both units: 2 bedrooms, 1 bathroom, formal living and dining rooms
More about this property
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