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 fullyequipped kitchen with a stove, fridge, and sink. The bathroom is smartly split into separate rooms for the toilet, sink, and shower-perfect for clientfacing 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!
Multi-familyProperty Type
1938Year Built
4,284 sq ftLot Size
2 garage spacesParking
Listed by Rafay Qamar• Real Broker LLC
Bought with Deandre Bailey• Coldwell Banker Realty
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!
MRED as Distributed by MLS Grid #12385128
Jul 28, 2025
Listing Removed
—
Jun 6, 2025
Listed (Active)
*
MRED as Distributed by MLS Grid #12320192
Jul 28, 2025
Listing Removed
—
Apr 16, 2025
Listed (Active)
*
Public Records
Jan 13, 2014
Sold
$215,000
Public Records
Jul 1, 2004
Sold
$450,000
Public Records
Sep 4, 1992
Sold
$174,500
Public Records
Oct 17, 1991
Sold
$145,000
Year
Property tax
Land + Additions
Assessment*
2023
$9,916 (+2.6%)
$14,112 + $42,888
$57,000
2022
$9,667 (+2.3%)
$11,289 + $35,710
$46,999
2021
$9,451 (+29.3%)
$11,289 + $35,710
$46,999
2020
$7,311 (−3.5%)
$5,040 + $27,779
$32,819
2019
$7,579 (+1.7%)
$5,040 + $32,684
$37,724
2018
$7,452 (−11.6%)
$5,040 + $32,684
$37,724
2017
$8,428 (+7.5%)
$4,435 + $34,717
$39,152
2016
$7,842 (+9.3%)
$4,435 + $34,717
$39,152
2015
$7,174 (−3.1%)
$4,435 + $34,717
$39,152
2014
$7,401 (+2.0%)
$4,032 + $35,859
$39,891
2013
$7,255 (+1.4%)
$4,032 + $35,859
$39,891
2012
$7,158 (−9.3%)
$4,032 + $35,859
$39,891
2011
$7,895 (−0.4%)
$5,644 + $43,075
$48,719
2010
$7,928 (+4.4%)
$5,644 + $43,075
$48,719
2009
$7,597 (+5.5%)
$5,644 + $43,075
$48,719
2008
$7,203 (+1.0%)
$6,612 + $43,598
$50,210
2007
$7,131
$6,612 + $43,598
$50,210
Tax history for 4854 W Addison St
Year
Property tax
Land + Additions
Assessment*
2023
$9,916 (+2.6%)
$14,112 + $42,888
$57,000
2022
$9,667 (+2.3%)
$11,289 + $35,710
$46,999
2021
$9,451 (+29.3%)
$11,289 + $35,710
$46,999
2020
$7,311 (−3.5%)
$5,040 + $27,779
$32,819
2019
$7,579 (+1.7%)
$5,040 + $32,684
$37,724
2018
$7,452 (−11.6%)
$5,040 + $32,684
$37,724
2017
$8,428 (+7.5%)
$4,435 + $34,717
$39,152
2016
$7,842 (+9.3%)
$4,435 + $34,717
$39,152
2015
$7,174 (−3.1%)
$4,435 + $34,717
$39,152
2014
$7,401 (+2.0%)
$4,032 + $35,859
$39,891
2013
$7,255 (+1.4%)
$4,032 + $35,859
$39,891
2012
$7,158 (−9.3%)
$4,032 + $35,859
$39,891
2011
$7,895 (−0.4%)
$5,644 + $43,075
$48,719
2010
$7,928 (+4.4%)
$5,644 + $43,075
$48,719
2009
$7,597 (+5.5%)
$5,644 + $43,075
$48,719
2008
$7,203 (+1.0%)
$6,612 + $43,598
$50,210
2007
$7,131
$6,612 + $43,598
$50,210
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
3
Baths
6
Stories
3
Lot width
—
Lot depth
—
Lot size
4,032 Sq. Ft.
Year renovated
—
Sq. Ft.
4,252
Year built
1938
Style
Multi-Family (5+ Unit)
County
Cook County
APN
13212310170000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 15, 2026.
RS-3
Residential Single-Unit (Detached House) District
The primary purpose of the RS districts is to accommodate the development of detached houses on individual lots. It is intended that RS zoning be applied in areas where the land-use pattern is characterized predominately by detached houses on individual lots or where such a land use pattern is desired in the future. The Zoning Ordinance includes three RS districts - RS3 - which are differentiated primarily on the basis of minimum lot area requirements and floor area ratios.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Single unit
Housing-Other
Infrastructure
Educational / school
Library
Recreation
Cemetery
Park & open space
Property details
Parking
Parking Information
# of Garage Spaces: 2
# of Parking (Total): 4
Parking Features: On Site, Garage Owned, Detached, Owned, Garage
Interior
Bathroom Information
# of Baths (Full): 2
# of Baths (1/2): 2
Bedroom Information
# of Bedrooms: 4
# of Bedrooms Possible: 4
Interior Features
# of Rooms: 25
Unit Type 1 Information
Floor Number: 1
# of Rooms: 7
# of Bathrooms (Total): 2
# of Half Bathrooms: 2
Appliances and Features: Stove,Refrigerator
Security Deposit: 0
Tenant Pays: Other
Lease Expiration Date: 0
Unit Type 2 Information
Floor Number: 2
# of Rooms: 5
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: Stove,Refrigerator
Tenant Pays: Other
Lease Expiration Date: 0
Unit Type 3 Information
Floor Number: 3
# of Rooms: 6
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: Stove,Refrigerator
Tenant Pays: Other
Lease Expiration Date: 0
Exterior
Building Information
# Of Units in Building: 3
Age: 81-90 Years
Built Before 1978 (Y/N): Yes
Construction Materials: Brick
Property Information
Property Type: Two to Four Units
Ownership: Fee Simple
Rebuilt (Y/N): No
Rehab (Y/N): Yes
Rehab Year: 2023
Parcel Number: 13212310170000
Lot Information
Dimensions: 34' X 126'
Lot Size: Less Than .25 Acre
Zoning: OTHER
Financial
Tax Information
Tax Annual Amount: $9,916
Tax Year: 2023
Financial Information
Finance Code: Conventional
Special Service Area: N
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Heating & Cooling
Heating: Indv Controls
Location
School Information
Elementary School District: 299
Middle Or Junior School District: 299
High School District: 299
Location Information
Township: Jefferson
Corporate Limits: Chicago
Directions: Just west of Cicero on Addison, just off the corner of Lamon and Addison
Public facts
Beds: 3
Baths: 6.0
Sq. Ft.: 4,252
Stories: 3.0
Lot Size: 4,032 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1938
Year Renovated: —
County: Cook County
APN: 13212310170000
Home facts updated by county records on Sep 15, 2026
Other
Listing Information
Holds Earnest Money: No
Possession: Closing
Some Photos Virtually Staged?: No
Around this home
Schools
Gray Elementary School
Public PreK-8 • Assigned • 0.5mi
4/10
Schurz High School
Public 9-12 • Assigned • 0.7mi
1/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 99° expected this year, 14 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Chicago, IL • 60641
Average low and high temperatures (°F)
30
17
38
24
54
35
61
44
68
50
82
64
86
70
82
67
79
62
68
51
51
39
37
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.3 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.