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$1,465,000
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Property Description
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.
Full Property Details
Full Property Details for 4860 W Byron St
General
- Sold For: $1,465,000
- Taxes: $16,396 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12413504
- Added to Site: 191 day(s) ago
Interior
- Interior Features: Storage Inside, Laundry Room
Location
- Area: CHI - Portage Park
- County: Cook
- Driving Directions: east/west on Irving Park to Lavergne, south to Byron, 1-way east to property.
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Central Building Heat, Radiators, Steam
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Stories/Levels: 2
- Current Bldg. Use: Multi-Family
- Year Built: 1926
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 8
- Units w/Range/Oven: 8
- # Dryers: 3
Lot Features
- Lot Size (Acres): 0.14
- Lot Dimensions: 50 x 123
- Frontage: City Street
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $48,000
- Assessment Year: 1926
- Tax Amount: $16,396
- Tax Year: 2023
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 13212070160000
Listed by Century 21 S.G.R., Inc.
Sold by Coldwell Banker Commercial Real Estate Group
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Schools
Schools serving 4860 W Byron St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Gray Elementary School 3730 North Laramie Avenue, Chicago, IL 60641 | PK-8 | 0.4 mi |
Schurz High School 3601 North Milwaukee Avenue, Chicago, IL 60641 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4860 W Byron St
Date
Details
Price
Change
Source
10/20/2025
Sold
$1,465,000
-2.33%
MLS
7/09/2025
Listed
$1,499,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4860 W Byron Street, Chicago, IL 60641 (MLS# 12413504) is a Commercial property that was sold at $1,465,000 on October 20, 2025. Want to learn more about 4860 W Byron Street? Do you have questions about finding other Commercial real estate for sale in Portage Park? You can browse all Portage Park real estate or contact a Coldwell Banker agent to request more information.

