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Renovated Two-Unit Residential Income

4947 South Laflin Street Chicago, IL 60609

4947 South Laflin Street, Chicago, IL, 60609
$344,900
Pending
For Sale
$344,900
Pending

Two-unit building features four-bedroom layouts with in-unit laundry, a full basement, and a rear parking pad.

Property Size3,000 SF
Days on Market31

Property Features for 4947 South Laflin Street

General Information

Standard status
Pending
Size
3,000 SF
Property subtype
Two to Four Units / 2 Flat

Building Details

Year Built
1898
Listing agency Forte Properties, Inc.
Listed by John Warren · License #471020680
Source Compass
Added: Jun 22 Updated: Jul 21 at 7:40PM Checked: Jul 21 at 7:40PM

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 Forte Properties, Inc.


Investment Insights

Based on property information with market context.

This two-unit residential income property offers two oversized units, each with four bedrooms and two full bathrooms. The first-floor unit has been renovated and is currently vacant. The second-floor unit was renovated in 2023 and is tenant occupied, providing immediate rental income. The building includes a full basement that offers additional storage and future possibilities, along with a rear parking pad.

The property allows tenants to manage their own heat, gas, and electric. In-unit laundry is available in both apartments, supporting everyday convenience.

Additional noted capital improvements include a roof replacement in 2020.

Key Highlights

  • Two‑unit building built in 1898, with each unit offering 4 bedrooms and 2 full bathrooms.
  • First‑floor unit is newly renovated, is vacant, and offers potential for owner‑occupancy or renting.
  • Second‑floor unit renovated in 2023 and tenant occupied, providing built‑in rental income.

Property Analytics

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Law Firm Skin Care Clinic HVAC Service Tech Support Center Gym & Fitness Center Computer & Electronic Repair Cafe & Coffee Shop Nursing Home (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two-unit building features four-bedroom layouts with in-unit laundry, a full basement, and a rear parking pad.
Where is this duplex located?
The property is located at 4947 South Laflin Street Chicago, IL.
What is the asking price?
The asking price for this property is $344,900.
What are key features of this property?
This property features: Two‑unit building built in 1898, with each unit offering 4 bedrooms and 2 full bathrooms.; First‑floor unit is newly renovated, is vacant, and offers potential for owner‑occupancy or renting.; Second‑floor unit renovated in 2023 and tenant occupied, providing built‑in rental income.
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