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Portage Park Multi-Unit Investment Property
For Sale
$680,000
Pending

4916 W Hutchinson St, Chicago, IL 60641

Well-maintained 2-flat with in-law unit in Portage Park.

Property SizeContact for details
Days on Market191

Property Features for 4916 W Hutchinson St

General Information

Standard status Pending
Property subtype Multi-Family

Building Details

Year Built 1914
Listing Agency: Kale Realty
Listed By: Megan Osberger · License #475202207
Source: Searchillinoishomesforsale
Added: Mar 2 Changed: Sep 8 Last Checked: Aug 25 at 7:45AM

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 Kale Realty

Investment Insights

Based on property information with market context.

This is a well-maintained, all-brick legal 2-flat with an in-law garden unit located in Portage Park. It presents an investment opportunity or can be owner-occupied. Each oversized unit features hardwood floors, three bedrooms, a full bath, and closet space, along with a front balcony. The kitchens open into family rooms. The garden unit includes two bedrooms and one bath. Additional features include a coin-operated laundry, an enclosed rear porch, and a detached 2-car garage that offers the opportunity for additional rental income. The property is located minutes from the Kennedy Expressway and steps from the Montrose Blue Line, providing access to O'Hare Airport, restaurants, coffee shops, parks, schools, shopping, and neighborhood locations such as Bacci Pizza. The property is move-in ready.

Key Highlights

  • Legal 2‑flat with in‑law garden unit: Ideal for investment or owner‑occupancy with rental income potential.
  • Oversized units: Each featuring 3 spacious bedrooms, full bath, generous closet space, and hardwood floors.
  • Rare front balconies: Perfect for enjoying spring and summer evenings.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Acupuncture Law Firm Hotel & Motel Nursing Home (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.

Location Intelligence

Trade Area within ½ mile

1,804
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Well-maintained 2-flat with in-law unit in Portage Park.
Where is this triplex located?
The property is located at 4916 W Hutchinson St Chicago, IL.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Legal 2‑flat with in‑law garden unit: Ideal for investment or owner‑occupancy with rental income potential.; Oversized units: Each featuring 3 spacious bedrooms, full bath, generous closet space, and hardwood floors.; Rare front balconies: Perfect for enjoying spring and summer evenings.
More about this property
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