Commercial Sale

4854 Addison Street, Chicago, Illinois 60641

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Property Description

Charming Multi-Use Property with Income Potential! Welcome to this one-of-a-kind, income-generating gem in a prime location! Offering just over 4,000 square feet of versatile space, this beautifully maintained property includes one commercial unit and two residential units, making it a rare find for savvy investors or business owners looking for flexibility and strong returns. The third floor features a bright and inviting 2-bedroom, 1-bath residential unit, ideal for tenants or a comfortable owner’s retreat. Enjoy deck access and in-unit laundry. (Currently leased through August.) On the second floor, you’ll find a stylish 2-bedroom, 1-bath unit, fully remodeled in 2023 and now vacant-ready for your next tenant or personal use. This unit also enjoys private deck access, with laundry conveniently located just downstairs. The first floor commercial space is a standout, offering prime visibility and thoughtful design for any business. It includes three private offices, a spacious conference room, an open front office area, and a fully-equipped kitchen with a stove, fridge, and sink. The bathroom is smartly split into separate rooms for the toilet, sink, and shower-perfect for client-facing businesses. Recent updates include: Second floor remodel (2023), Brand new front deck (2024), Commercial space flooring (2020), Two-car garage (approx. 10 years old), currently used for storage, New roof (rolled tar, 2017), Completed tuck-pointing in recent years. This property blends classic charm with thoughtful updates, offering a unique opportunity for owner-occupants, investors, or business owners seeking multi-use flexibility. With existing rental income and commercial potential, this is a rare chance to secure a strong return in a highly desirable location!

Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : MRD12320192
Price : $650,000
Year Built : 1937
Features
Cooling System : Central Individual
Address Map
Country : US
State : IL
County : Cook
City : Chicago
Zipcode : 60641
Street : Addison
Street Number : 4854
Street Suffix : Street
Floor Number : 0
Longitude : E0° 0' 0''
Latitude : N0° 0' 0''
Area : CHI - Portage Park
Street Dir Prefix : W
MLS Addon
Agent Name : Rafay
DaysOnMarket : 7
Directions : Just west of Cicero on Addison, just off the corne
List Agent Full Name : Rafay Qamar
List Agent MLSID : MRD38102
List Office MLSID : MRD6853
List Office Name : Real Broker LLC
Parcel Number : 13212310170000
Tax Year : $2,022
Zoning : OTHER
ListAgentLastName : Qamar
Annual Tax Amount : $0
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Status : Active
PhotosChangeTimestamp : 02/04/2025 18:27:04
Commercial Sale For Sale
  • Listing ID : MRD12320192
$650,000
Agent info
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