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$390,000
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Property Description
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.
Full Property Details
Full Property Details for 4844 W Rice St
General
- Sold For: $390,000
- Taxes: $4,762 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12613880
- Added to Site: 97 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Additional Information
- Equipment: Carbon Monoxide Detectors
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Garage Owned, Detached, Garage
Location
- Area: CHI - Austin
- County: Cook
- Driving Directions: N/S Cicero West to Subject Property.
School Information
- School District: 299
- Midd School District: 299
- Elementary School: Mcnair Elementary School Communi
- Middle School: Mcnair Elementary School Communi
- High School: Orr Community Academy High Schoo
- Private School: Orr Community Academy High Schoo
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Unfinished, Full
- Foundation: Concrete Perimeter
- Roof: Rubber
- Year Built: 1913
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size (Acres): 0.06
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 25 x 125
- Fence: Yes
- Zoning: MULTI
- Fencing (Description): Fenced
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1913
- Tax Amount: $4,762.71
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16044280220000
Listed by EXIT Strategy Realty
Sold by Rising Realty Llc
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Schools
Schools serving 4844 W Rice St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
McNair School of Excellence 4820 West Walton Street, Chicago, IL 60651 | PK-8 | 0.1 mi |
Orr Academy High School 730 North Pulaski Road, Chicago, IL 60624 | 9-12 | 1.1 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 4844 W Rice St
Date
Details
Price
Change
Source
6/10/2026
Sold
$390,000
11.46%
MLS
4/14/2026
Listed
$349,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4844 W Rice Street, Chicago, IL 60651 (MLS# 12613880) is a Multi-Family property that was sold at $390,000 on June 10, 2026. Want to learn more about 4844 W Rice Street? 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.

