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Turnkey Two-Flat Residential Income
For Sale
Contact for pricing
Pending

4908 W Pensacola Avenue, Chicago, IL 60641

Two fully updated 2-bedroom units feature newly installed in-unit laundry and separate utilities for straightforward rental readiness.

Property SizeContact for details
Days on Market69

Property Features for 4908 W Pensacola Avenue

General Information

Standard status Pending
Property subtype Multifamily
Zoning MULTI

Additional Details

Highway Access Yes
Multifamily Units 2

Building Details

Year Built 1922
Tenancy Multi
Listing Agency: Berkshire Hathaway HomeServices KoenigRubloff
Listed By: Morgan Sage · License #475162837
Source: Crexi
Added: Jun 15 Changed: Aug 8 Last Checked: Jul 24 at 2:53PM

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 Berkshire Hathaway HomeServices KoenigRubloff

Investment Insights

Based on property information with market context.

This well-maintained two-flat offers two spacious 2-bedroom, 1-bath apartments with nearly identical layouts. Each unit includes newly installed in-unit laundry. Inside, you’ll find hardwood floors, generous living areas, a formal living room with decorative fireplaces, and a separate dining room. The remodeled kitchens feature white shaker cabinets, stainless steel appliances, subway tile backsplashes, and updated lighting. Bathrooms have been fully renovated with new tile, vanities, toilets, mirrors, lighting, and fixtures. Recent building improvements include new windows throughout, fresh interior paint, and new light fixtures. The property also has updated electrical with new wiring replacing the prior cloth wiring and a 100 AMP service. Gas and electric utilities are separately metered. Each unit also has private outdoor deck area overlooking the large backyard, providing practical space for relaxation or gatherings.

Situated in Portage Park, the property provides convenient access to major transit and commuting routes, including I-90/94 and the Metra and Blue Line. It is also within reach of Six Corners and local shopping, dining, and entertainment options.

The configuration supports a straightforward rental setup for an investor seeking a turn-key income property, or for a buyer looking for multi-generational living while preserving privacy between units. With in-unit laundry, updated finishes, and separately metered utilities, the building is set up to transition smoothly into a rental plan after closing.

Key Highlights

  • 1922‑built Portage Park two‑flat with two 2‑bedroom, 1‑bath apartments on an oversized lot
  • Newly installed in‑unit laundry in both units
  • Fully remodeled kitchens with white shaker cabinets, stainless steel appliances, subway tile backsplashes, and updated lighting

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Acupuncture Hotel & Motel Nursing Home Cosmetic Store (Bike/Boat/Book/etc) Store Butcher

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
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,219
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 fully updated 2-bedroom units feature newly installed in-unit laundry and separate utilities for straightforward rental readiness.
Where is this duplex located?
The property is located at 4908 W Pensacola Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 1922‑built Portage Park two‑flat with two 2‑bedroom, 1‑bath apartments on an oversized lot; Newly installed in‑unit laundry in both units; Fully remodeled kitchens with white shaker cabinets, stainless steel appliances, subway tile backsplashes, and updated lighting
More about this property
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