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Property Description
Don't miss this opportunity to own a beautifully maintained 2-unit building in Chicago's sought-after North Austin neighborhood. Offering the perfect blend of owner-occupant appeal and investment potential, this property presents an excellent opportunity to generate rental income while building long-term equity. The owner-occupied SECOND FLOOR unit has been meticulously maintained and thoughtfully updated, offering a bright, open-concept layout with hardwood floors, recessed lighting, modern fixtures, and in-unit laundry. The updated kitchen features quartz countertops, custom cabinetry, stainless steel appliances, and ample storage, while the spacious living and dining areas provide the perfect setting for everyday living and entertaining. The beautifully renovated bathroom showcases contemporary finishes and a spa-like walk-in shower, adding to the unit's overall appeal. Both units offer 2 bedrooms, 1 bathroom, formal living and dining rooms, hardwood floors, and enclosed rear porches that provide valuable additional storage space. Separate mechanical systems, including individual furnaces, water heaters, electrical panels and thermostats, add convenience and flexibility. You will also appreciate the expansive finished basement with a private entrance, adding significant usable space to the property. The basement features a large recreation area, separate bedroom/office room, full bathroom, and generous storage. This versatile space offers tremendous flexibility for tenant amenities, a home office, fitness area, recreation room, guest accommodations, or additional storage, enhancing both the property's functionality and long-term value. Outside, you'll find a fenced backyard designed for both relaxation and entertaining. The impressive 2.5-car garage features a double overhead door and substantial attic storage above, while the attached covered patio area creates the perfect outdoor gathering space. Complete with a ceiling fan and ample room for seating, grilling, and entertaining, it's an ideal spot to enjoy summer cookouts, family get-togethers, or simply unwind outdoors. Conveniently located just steps from the Grand/Cicero Metra station and close to grocery stores, restaurants, local shops, public transportation and everyday conveniences, this property offers both value and accessibility. Schedule your private tour today!
Full Property Details
Full Property Details for 4840 W Wabansia Ave
General
- Sold For: $500,000
- Taxes: $5,968 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12687470
- Added to Site: 64 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Parking
- Garage: Yes
- Garage Spaces: 2.5
- Total Spaces: 2
- Parking Features: Garage Door Opener, Garage, Yes, Garage Owned, Detached
Location
- Area: CHI - Austin
- County: Cook
- Driving Directions: WEST OF CICERO ON WABANSIA (NORTH OF NORTH AVE)
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Finished, Full, Walk-Out Access
- Roof: Flat
- Year Built: 1921
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Oversized Chicago Lot
- Lot Dimensions: 34 x 125
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1921
- Tax Amount: $5,968.16
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 13334170340000
Listed by Real Broker LLC
Sold by Realty of America, LLC
Get Pre-Approved Today
Schools
Schools serving 4840 W Wabansia Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Lloyd Elementary School 2103 North Lamon Avenue, Chicago, IL 60639 | K-5 | 0.5 mi |
Northwest Middle School 5252 West Palmer Street, Chicago, IL 60639 | 6-8 | 0.8 mi |
Foreman High School 3235 North Leclaire Avenue, Chicago, IL 60641 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4840 W Wabansia Ave
Date
Details
Price
Change
Source
8/19/2026
Sold
$500,000
3.09%
MLS
6/24/2026
Listed
$485,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4840 W Wabansia Avenue, Chicago, IL 60639 (MLS# 12687470) is a Multi-Family property that was sold at $500,000 on August 19, 2026. Want to learn more about 4840 W Wabansia Avenue? Do you have questions about finding other Multi-Family real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.

