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Renovated Two-Flat Duplex
For Sale
Contact for pricing
Pending

4842 W Race Ave, Chicago, IL 60644

Two residential units feature enclosed porches, a partially finished basement, and a gated rear area.

Property SizeContact for details
Days on Market147

Property Features for 4842 W Race Ave

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Utilities to Site Yes
Multifamily Units 2

Amenities

enclosed front & back porch
partially finished basement
gated rear area
laundry room
stainless steel appliances

Building Details

Year Renovated 2020
Buildings 1
Listing Agency: @properties
Listed By: Kevin Buford · License #IL
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Sep 1 at 9:32AM

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 @properties

Investment Insights

Based on property information with market context.

This Chicago two-flat includes a renovated second-floor unit, an enclosed front porch, an enclosed rear porch, and a partially finished basement. Stainless steel appliances are included, and a laundry room with existing hook-up provides space for an added laundry installation. The property is being sold as-is and is in good condition.

The second-floor residence was renovated in 2020, while the first-floor unit is expected to be vacant at closing; the upper unit is already vacant. A gated rear area may accommodate tenant parking or outdoor use. The roof is less than 5 years old and includes a warranty. The owner currently covers water service and common electric.

Key Highlights

  • Two‑flat building with both residential units vacant at closing
  • Second‑floor unit renovated in 2020
  • Enclosed front and rear porches

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Dental Office Gym & Fitness Center Parking Lot & Garage

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
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

904
Businesses Nearby

Demographics for 60644, IL

47,239
Population
20,619
Households
2.3
Avg Household Size
36
Median Age
11%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
13,497
Density / Sq Mi
$37,952
Median Household Income
$31,304
Median Earnings
$1,096
Median Rent
$238,300
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 residential units feature enclosed porches, a partially finished basement, and a gated rear area.
Where is this duplex located?
The property is located at 4842 W Race Ave Chicago, IL.
What are key features of this property?
This property features: Two‑flat building with both residential units vacant at closing; Second‑floor unit renovated in 2020; Enclosed front and rear porches
More about this property
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