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$525,000
Property Description & Video
4906 W Erie Street, Chicago, ILVideo Tour of 4906 W Erie Street, Chicago, IL.
Prime Investment Opportunity---Renovated Multi-Unit Gem Offering Flexible Income or Spacious Family Residence. Beautifully updated multi-unit building featuring two spacious apartments and a large garden unit, ideal for savvy investors seeking high cap rates or for a large extended family with all this space. 3 bedroom upper unit--1200SF, 2 bedroom lower unit--1000SF, and garden unit with 3 multi-purpose rooms. Three full bathrooms throughout. Property Highlights: Fully renovated with high-quality finishes throughout. All new windows and brand new appliances. Modern can lighting, designer neutral paint, and upgraded flooring. Newly refinished front and rear staircases. Secure 6-foot wood privacy fence in front. Separate back porches for both main units plus a spacious 25x25 backyard perfect for grilling and outdoor enjoyment. Kitchens & Baths--- Granite countertops, white shaker-style cabinets, and deep double-bowl sinks. Stainless steel appliances (stove, microwave, refrigerator) Bathrooms feature marble tile, vanities, and tub/shower combinations (garden unit has a large walk-in shower) Mechanicals & Systems---Separate forced-air heating for each uni. Two 100-amp electrical services plus a 100-amp common panel. This turnkey property offers excellent income potential with modern updates, desirable layouts, and strong tenant appeal.Perfect for investors looking to maximize returns or a large extended family looking for space. Included is a newer two car garage plus a wood security fence in front. Current taxes are very low. RIGHT next to Nash Elementary, very close to Ronald McNair Elementary School. 12 minute walk to the Lake-Cicero Green Line L, RAPID access east and west. Close to lots of shopping and restaurants. Easy access to Chicago Avenue, North Avenue, and 290. 6 minute drive to I-290
Full Property Details
Full Property Details for 4906 W Erie St
General
- Price: $525,000
- Taxes: $5,233 (2025)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12650514
- Updated: 5/29/2026
- Added to Site: 13 day(s) ago
Rental Information
- Complex Features: Curbs, Gated, Sidewalks, Street Lights
Interior
- Basement: Partially
Rooms
Bathrooms
- Total Bathrooms: 3
- Upper - Full Baths: 3
- Bathroom Features: Soaking Tub
Bedrooms
- Total Bedrooms: 7
Additional Information
- Equipment: Ceiling Fan(s)
- Other Features: Commuter Bus, Commuter Train, Interstate Access
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Garage Door Opener, Yes, Detached, Garage
Location
- Area: CHI - Austin
- County: Cook
- Township: West Chicago
- Driving Directions: South of Chicago Ave., one way west from Cicero to address
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
- Elementary School: Nash Elementary School
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Model: BRICK TWO FLAT
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Partially Finished, Full
- Foundation: Concrete Perimeter
- Roof: Rubber, Flat
- Year Built: 1905
- Built Before 1978: Yes
- Remodeled/Updated: 2026
Unit Information
- Units in Building: 2
Manufactured Home
- Model: BRICK TWO FLAT
Lot Features
- Lot Size (Acres): 0.07
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 24 x 125
- Lot Features: Common Grounds
- Zoning: MULTI
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1905
- Tax Amount: $5,233
- Tax Year: 2025
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16092110390000
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Schools
Schools serving 4906 W Erie St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Nash Elementary School 4837 West Erie Street, Chicago, IL 60644 | PK-8 | 0.1 mi |
Marshall Metropolitan High School 3250 West Adams Street, Chicago, IL 60624 | 12-11 | 2.4 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 4906 W Erie St
Date
Details
Price
Change
Source
5/16/2026
Listed
$525,000
586.27%
MLS
9/17/1999
Sold
$76,500
—
Public Record
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
Tax History for 4906 W Erie St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,110
—
$26,000
160%
2023
$2,110
3%
$9,999
—
2022
$2,057
2%
$9,999
—
2021
$2,011
-37%
$9,999
-30%
2020
$3,197
-2%
$14,351
-12%
2019
$3,277
2%
$16,309
—
2018
$3,222
-25%
$16,309
-18%
2017
$4,285
8%
$19,903
—
2016
$3,986
9%
$19,903
—
2015
$3,647
14%
$19,903
16%
2014
$3,196
2%
$17,228
—
2013
$3,133
1%
$17,228
—
2012
$3,092
—
$17,228
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4906 W Erie St
4906 W Erie Street, Chicago, IL 60644 (MLS# 12650514) is a Multi-Family property with 2 units containing 7 bedrooms and 0 full bathrooms. 4906 W Erie Street is currently listed for $525,000 and was received on May 16, 2026. Want to learn more about 4906 W Erie 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.
