34-Unit Multifamily Building with
For Sale
$3,395,000
4854 West North Avenue, Chicago, IL 60639
A well-maintained 34-unit building with two commercial spaces and largely newly remodeled apartments.
Days on Market110
Property Features for 4854 West North Avenue
General Information
Standard status
Active
Property subtype
Multi Family 5+ / Multi Family 5+-Courtyard
Additional Details
Multifamily Units
34
Building Details
Year Built
1929
Tenancy
Multi
Listing Agency:
Sperry Van Ness
(312) 676-1866
Listed By:
David Szymanowski · License #475206149
(312) 676-1866
Source:
Compass
Added: Apr 15
Changed: Jul 10
Last Checked: Aug 2 at 12:46PM
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 Sperry Van Ness
Investment Insights
Based on property information with market context.
This 34-unit multifamily property includes (6) studio units, (18) one-bedroom one-bath apartments, and (8) two-bedroom one-bath apartments, along with two commercial spaces. Many units have been newly remodeled with updated kitchens and baths and new appliances. The building also features newer key mechanical and exterior components, including two newer boilers, two 200-gallon water tanks, newer electrical systems, newer porches, and a newer roof, supported by a high-quality interior and exterior camera system and LED exterior lighting. For in-unit convenience, the property is equipped with four washers and four dryers.
Located at 4854 West North Avenue, the building is positioned near strong retail centers, with easy access to neighborhood shopping and services. The configuration allows the property to serve both residential tenants and retail occupants through the included commercial spaces.
For buyers or operators, the mix of residential unit types plus on-site commercial space provides a balanced approach to tenanting within a single asset. With a majority of units newly remodeled and substantial building improvements already in place, the property is presented in strong, well-maintained operating condition.
Located at 4854 West North Avenue, the building is positioned near strong retail centers, with easy access to neighborhood shopping and services. The configuration allows the property to serve both residential tenants and retail occupants through the included commercial spaces.
For buyers or operators, the mix of residential unit types plus on-site commercial space provides a balanced approach to tenanting within a single asset. With a majority of units newly remodeled and substantial building improvements already in place, the property is presented in strong, well-maintained operating condition.
Key Highlights
- 34‑unit multifamily building (built 1929) with (2) commercial spaces, (6) studios, (18) 1 bed/1 bath, and (8) 2 bed/1 bath units
- Majority of units newly remodeled with updated kitchens and baths and new appliances
- 4850 W North Ave has (2) newer boilers and (2) 200‑gallon water tanks
Property Analytics
Property Profile
Current Use
Lease Details
34
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,302
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - A well-maintained 34-unit building with two commercial spaces and largely newly remodeled apartments.
Where is this apartment building located?
The property is located at 4854 West North Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $3,395,000.
What are key features of this property?
This property features: 34‑unit multifamily building (built 1929) with (2) commercial spaces, (6) studios, (18) 1 bed/1 bath, and (8) 2 bed/1 bath units; Majority of units newly remodeled with updated kitchens and baths and new appliances; 4850 W North Ave has (2) newer boilers and (2) 200‑gallon water tanks
