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$440,000
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Property Description
Discover an incredible opportunity with this beautifully updated 3-unit building, perfect for investors or anyone looking to house hack in a low multi-unit inventory market. The first and second units each offer 2 bedrooms and 1 bathroom, with appliances. The third unit offers 3 bed rooms and 1 bath and appliances. The second and third unit include washer and dryer for convenience. Sitting on an oversized lot, the property features a large gated parking pad that fits up to 6 cars. The building is fully rent-ready, allowing you to live in one unit while renting out the other two for immediate income potential. Major renovations have already been completed, including a new roof, windows, sump pump, and check valve in 2020, a heating system in 2018, a push-gate installation in 2018, and new front stairs in 2023. These updates provide peace of mind and long-term value for the next owner. Conveniently located just 10 minutes from the 290 expressway, you'll have quick access to downtown and vibrant north side neighborhoods. Don't miss out on this rare chance to secure a move-in-ready, income-producing building in a highly desirable Chicago location.
Full Property Details
Full Property Details for 4920 W Iowa St
General
- Price: $440,000
- Taxes: $4,153 (2023)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12530396
- Updated: 1/7/2026
- Added to Site: 16 day(s) ago
Interior
- Basement: None
Rooms
Bathrooms
- Total Bathrooms: 3
- Upper - Full Baths: 3
Bedrooms
- Total Bedrooms: 7
Parking
- Garage: Yes
- Total Spaces: 6
- Parking Features: Garage Faces Side, Yes, Owned
Location
- Area: CHI - Austin
- County: Cook
- Township: West Chicago
- Subdivision: Austin Village
- Driving Directions: CICERO NORTH TO IOWA WEST AND PROCEED WEST TO PROPERTY.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Radiator(s)
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: None
- Roof: Flat
- Year Built: 1913
- Built Before 1978: Yes
Unit Information
- Units in Building: 3
Lot Features
- Lot Size (Acres): 0.09
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 34 x 125
Financial Considerations
- Assessment Year: 1913
- Tax Amount: $4,153
- Tax Year: 2023
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16044210320000
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Schools
Schools serving 4920 W Iowa 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 | 1.2 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 4920 W Iowa St
Date
Details
Price
Change
Source
1/01/2026
Listed
$440,000
420.71%
MLS
11/11/2016
Sold
$84,500
—
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 4920 W Iowa St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,153
3%
$22,999
—
2022
$4,027
2%
$22,999
—
2021
$3,955
23%
$22,999
31%
2020
$3,217
-3%
$17,542
-12%
2019
$3,316
2%
$19,935
—
2018
$3,259
-18%
$19,935
-9%
2017
$3,997
3%
$21,942
—
2016
$3,895
10%
$21,942
—
2015
$3,540
6%
$21,942
7%
2014
$3,333
2%
$20,535
—
2013
$3,257
1%
$20,535
—
2012
$3,237
—
$20,535
—
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 4920 W Iowa St
4920 W Iowa Street, Chicago, IL 60651 (MLS# 12530396) is a Multi-Family property with 3 units containing 7 bedrooms and 0 full bathrooms. 4920 W Iowa Street is currently listed for $440,000 and was received on January 01, 2026. Want to learn more about 4920 W Iowa 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.

