4860 W Byron St Chicago, IL 60641
Portage Park NeighborhoodEstimated payment $9,287/month
Highlights
- Courtyard
- Storage Room
- Heating System Uses Steam
- Laundry Room
- Central Heating
About This Home
4860 W Byron presents a rare opportunity to acquire a fully-leased, 8-unit building in prime Portage Park. The unit mix consists of six 2-bedroom/1-bath units, and two 1-bedroom/1-bath units, all of which have undergone recent upgrades including new flooring, fresh paint, and modern kitchens with stainless steel appliances. Several units have been fully rehabbed. Building-wide improvements include a replaced sewer line (2022), upgraded boiler components (2022), refreshed common areas (2022), tuckpointing (2018 & 2022), and new basement windows (2020). The roof was serviced in 2018, offering added peace of mind for future owners. With a 2024 net operating income of $94,734 and additional laundry income, this property delivers immediate cash flow and long-term upside. Located on a quiet, tree-lined street near transit, parks, and schools, this property is ideal for both seasoned investors and 1031 Exchange buyers. No deferred capital needs. Simply collect rent from day one.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,396
Year Built
- Built in 1926
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 50 x 123
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- 2-Story Property
- Storage Room
- Laundry Room
Outdoor Features
- Courtyard
Utilities
- Window Unit Cooling System
- Central Heating
- Radiator
- Heating System Uses Steam
Community Details
Overview
- 8 Units
Building Details
- Electric Expense $606
- Fuel Expense $5,800
- Insurance Expense $3,930
- Maintenance Expense $2,700
- Trash Expense $2,790
- Water Sewer Expense $5,251
- Operating Expense $48,000
- Gross Income $142,000
- Net Operating Income $94,734
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/19/2025 08/19/25 | Pending | -- | -- | -- |
08/18/2025 08/18/25 | For Sale | $1,499,900 | 0.0% | -- |
07/28/2025 07/28/25 | Pending | -- | -- | -- |
07/09/2025 07/09/25 | For Sale | $1,499,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12413504

- 4904 W Byron St
- 4015 N Milwaukee Ave Unit 202
- 4015 N Milwaukee Ave Unit 516
- 5000 W Grace St
- 4848 W Belle Plaine Ave Unit 2R
- 4737 W Warwick Ave
- 5112 W Berenice Ave
- 3863 N Milwaukee Ave
- 4938 W Patterson Ave
- 3834 N Milwaukee Ct Unit 11
- 5141 W Dakin St
- 2841-49 N Cicero Ave
- 2613-2633 N Cicero Ave
- 4714 W Berteau Ave Unit 1N
- 5111 W Waveland Ave
- 4853 W Hutchinson St
- 4121 N Leamington Ave
- 4650 W Berteau Ave
- 4848 W Eddy St
- 5009 W Addison St