$1,499,900
PENDING

Estimated payment $9,287/month

Total Views 12,178
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

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.

Listing Agent

Steven Powers

Century 21 S.G.R., Inc. License #475146920 Listed on: 07/09/2025

Century 21 S.G.R., Inc.

Co-Listing Agent

Daniel Brandner

Century 21 S.G.R., Inc. License #475176760

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,396

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Courtyard
  • Stories: 2
  • Year Built: 1926
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: Older
  • Special Features: 4224
  • Property Sub Type: MultiFamily

Interior Features

  • Misc Inside: Storage Inside,Laundry Room
  • Fireplaces: 3
  • Dishwashers: 2
  • Refrigerators: 8
  • Ranges: 8
  • Number of Windows: 12
  • Number of Washers: 3
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 1499900
  • Roof Structure: Flat

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Central Bldg Heat,Radiators,Steam

Fee Information

  • Trash Expense: 2790
  • Water Sewer Expenses: 5251
  • Janitor Expense: 11000

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.14
  • Lot Dimensions: 50 X 123
  • Zoning: MULTI
  • Alternate Phone Number: (312) 375-1157

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8
  • Tenancy Type: Leases

Multi Family

  • Net Operating Income: 94734
  • Fuel Expense: 5800
  • Insurance Expense: 3930
  • ElectricExpense: 606
  • GrossIncome: 142000
  • Maintenance Expense: 2700
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 48000
  • Expense Year: 2024
  • Type Multi-Family: Courtyard

Tax Info

  • Tax Annual Amount: 16396
  • Tax Year: 2023

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12413504

Midwest Real Estate Data (MRED)