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$539,000
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Property Description
An exceptional, fully refreshed brick 2-unit residence offering refined finishes, generous living space, and long-term versatility. This thoughtfully designed property features a 4-bedroom, 2-bath duplex alongside a separate 3-bedroom, 1-bath unit, delivering a rare balance of elevated living and built-in value. Both units showcase brand-new kitchens and baths, sleek modern finishes, separate utilities, and dedicated laundry areas, providing privacy, efficiency, and ease of ownership. Exterior improvements include a updated rear porch, private patio, ample rear yard, and a 2-car garage, creating a seamless indoor-outdoor lifestyle. Located in the heart of Chicago's historic Austin community, the property is near beloved neighborhood landmarks such as Columbus Park, known for its scenic lagoons and trails, Austin Town Hall Park, and the cultural hub of Columbus Park Refectory. Convenient access to shopping, dining, public transportation, and major thoroughfares adds to the location's everyday appeal. The 2-unit configuration offers flexibility for a range of living arrangements while also presenting the opportunity to offset ownership costs through the secondary residence, all without sacrificing style or comfort. A rare opportunity to own a turnkey, luxury-quality 2-unit building in a community rich in history, architecture, and green space-schedule your private showing today.
Full Property Details
Full Property Details for 4941 W Iowa St
General
- Price: $539,000
- Taxes: $5,022 (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12536632
- Updated: 2/6/2026
- Added to Site: 13 day(s) ago
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 3
- Upper - Full Baths: 3
Bedrooms
- Total Bedrooms: 7
Exterior
- Exterior Features: Balcony
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: Chicago Avenue E/W to Lawler North to Iowa East to subject.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Unfinished, Exterior Entry, Full
- Roof: Flat
- Year Built: 1913
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size (Acres): 0.08
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 30 x 120
- Zoning: MULTI
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1913
- Tax Amount: $5,022.73
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16044270070000
Listed by Trademarks & Associates
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Schools
Schools serving 4941 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 | 0.2 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 4941 W Iowa St
Date
Details
Price
Change
Source
1/30/2026
Listed
$539,000
208%
MLS
6/03/2025
Sold
$175,000
—
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 4941 W Iowa St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,431
3%
$21,000
—
2022
$4,319
2%
$21,000
—
2021
$4,223
48%
$21,000
64%
2020
$2,852
69%
$12,803
-12%
2019
$1,683
-53%
$14,549
-12%
2017
$3,553
45%
$16,504
—
2016
$2,448
730%
$16,504
—
2015
$295
1%
$16,504
9%
2014
$293
—
$15,174
—
2013
$294
7%
$15,174
—
2012
$275
—
$15,174
—
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 4941 W Iowa St
4941 W Iowa Street, Chicago, IL 60651 (MLS# 12536632) is a Multi-Family property with 2 units containing 7 bedrooms and 0 full bathrooms. 4941 W Iowa Street is currently listed for $539,000 and was received on January 30, 2026. Want to learn more about 4941 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.

