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About This Home
This 4-bedroom, 2-bathroom residential multi family at 4844 W Rice Street in Chicago, IL is listed for $349,900. Built in 1913, on a 0.06 acres lot.
Welcome to this fully renovated 2-unit investment property delivering the ideal blend of modern finishes and reliable income potential in the prime pocket of the lively eastern Austin neighborhood. Each unit offers 2 bedrooms, 1 full bathroom, spacious living areas, and updated kitchens designed to attract today's renters.
Hardwood flooring runs throughout, complemented by central heating for year-round comfort. Recent upgrades further enhance tenant appeal and operational ease, including newly installed blinds in the dining room, living room, kitchen, and both bedrooms in each unit, ceiling fans added to the living and dining areas, and a washer/dryer hookup in Unit 2-creating additional value and rental flexibility.
All appliances and mechanical systems are landlord-owned, providing consistency in maintenance and long-term asset control. This is a true turnkey opportunity for investors seeking immediate cash flow with minimal upfront work. Lease both units for strong returns or take advantage of a house-hack strategy by occupying one while the other offsets your expenses.
Bright, sun-filled interiors elevate the overall living experience, while the unfinished basement offers ample storage and future value-add potential. Convenient access to major highways, public transportation, schools, and parks ensures consistent tenant demand and long-term appreciation. A clean, income-producing asset positioned for stability, scalability, and long-term growth.
Key Features
- Built in 1913
- 0.06 acre lot
- 2 parking spaces
Property Details
Monthly Cost Estimate
$1,871/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
4844 W Rice Street
Chicago, IL 60651
Property Details
Construction
Pool Features
Parking
Heating
Questions & Answers
This 4-bedroom, 2-bathroom residential multi family at 4844 W Rice Street is listed at $349,900. The estimated monthly payment is $1,516 based on 20% down at 6.5% interest.
Key features include: Built in 1913, 0.06 acre lot, 2 parking spaces.
This property is listed by Nick Libert and can be reached at (312) 493-0920 or nick@nicklibert.com.






































