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$349,900 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
  • 2 Car Garage
  • Updated 1 day ago

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Open House: 12:00 PM - 1:00 PM

Sunday 4/19 12:00 PM - 1:00 PM

4844 W Rice Street,Chicago, IL 60651

4844 W Rice StreetChicagoIL60651

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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 for 4844 W Rice St

General

  • Price: $349,900
  • Taxes: $4,762 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12613880
  • Updated: 4/15/2026
  • Added to Site: 2 day(s) ago

Rental Information

  • Complex Features: Curbs, Sidewalks, Street Lights, Street Paved

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Upper - Full Baths: 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
  • Township: West Chicago
  • Driving Directions: N/S Cicero West to Subject Property.

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High 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

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • 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
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 16044280220000

Listed by EXIT Strategy Realty

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Listing agents

— 4844 W Rice St —

  • EXIT Strategy Realty

  • EXIT Strategy Realty

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 4844 W Rice St

School District:Chicago Public School District 299
NameGradesDistance
McNair School of Excellence
4820 West Walton Street, Chicago, IL 60651
PK-80.1 mi
Orr Academy High School
730 North Pulaski Road, Chicago, IL 60624
9-121.1 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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/14/2026
Listed
$349,900
27.24%
MLS
8/07/2020
Sold
$275,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4844 W Rice St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,853
3%
$22,999
—
2022
$4,730
2%
$22,999
—
2021
$4,625
21%
$22,999
34%
2020
$3,813
18%
$17,117
-12%
2019
$3,219
2%
$19,452
—
2018
$3,164
-17%
$19,452
-8%
2017
$3,808
2%
$21,063
—
2016
$3,719
10%
$21,063
—
2015
$3,379
10%
$21,063
10%
2014
$3,076
2%
$19,145
—
2013
$3,004
1%
$19,145
—
2012
$2,988
—
$19,145
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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4844 W Rice Street, Chicago, IL 60651 (MLS# 12613880) is a Multi-Family property with 2 units containing 4 bedrooms and 0 full bathrooms. 4844 W Rice Street is currently listed for $349,900 and was received on April 14, 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.

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