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$344,900 Contingent

  • For Sale
  • Contingent
  • Multi-Family
  • 8 Total Beds
  • Updated 3 days ago
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Exceptional opportunity to own a spacious two-unit building offering both immediate income and owner-occupant potential. Each oversized unit features 4 bedrooms and 2 full bathrooms, providing living space that is rarely found in multifamily properties. The first floor unit has just been beautifully renovated and is vacant, making it ideal for an owner-occupant or for leasing at current market rents. The second floor unit was renovated in 2023 and is tenant occupied, providing built-in rental income from day one. Additional features include a full basement with ample storage and future possibilities, a rear parking pad, and the ability for in-unit laundry in both apartments. Major capital improvements have already been completed, including a roof replacement in 2020. Tenants pay their own heat, gas, and electric, helping keep operating expenses low. Whether you're looking to house hack or expand your investment portfolio, this two-flat is one you won't want to miss.

Full Property Details for 4947 S Laflin St

General

  • Price: $344,900
  • Taxes: $3,834 (2024)
  • Status: Contingent
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12685008
  • Updated: 7/3/2026
  • Added to Site: 15 day(s) ago

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Upper - Full Baths: 4

Bedrooms

  • Total Bedrooms: 8

Parking

  • Total Spaces: 2
  • Parking Features: Off-Alley, Alley Access, Yes, Owned

Location

  • Area: CHI - New City
  • County: Cook
  • Township: Hyde Park
  • Driving Directions: SOUTH TO 50TH ST, WEST TO LAFLIN, NORHT TO BLD.

School Information

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

Heating & Cooling

  • Heating Type: Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan, Public

Structural Information

  • Construction: Vinyl Siding, Frame
  • Exterior Const.: Vinyl Siding, Frame
  • Basement: Yes
  • Basement Desc.: Unfinished, Exterior Entry, Full
  • Foundation: Concrete Perimeter
  • Roof: Asphalt
  • Year Built: 1898
  • Built Before 1978: Yes
  • Remodeled/Updated: 2026

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 25 x 124

Financial Considerations

  • Assessment Year: 1898
  • Tax Amount: $3,834.24
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 20081210250000

Listed by Forte Properties, Inc.

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Listing agents

— 4947 S Laflin St —

  • Forte Properties, Inc.

  • Forte Properties, Inc.

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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 4947 S Laflin St

School District:Chicago Public School District 299
NameGradesDistance
Hamline Elementary School
4747 South Bishop Street, Chicago, IL 60609
K-80.3 mi
Richards Career Academy High School
5009 South Laflin Street, Chicago, IL 60609
9-120.1 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 4947 S Laflin St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/23/2026
Listed
$344,900
-81.85%
MLS
8/06/2009
Sold
$1,900,000
—
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 4947 S Laflin St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,273
—
$19,000
217%
2023
$1,273
3%
$6,000
—
2022
$1,241
3%
$6,000
—
2021
$1,207
-18%
$6,000
-8%
2020
$1,464
-4%
$6,530
-13%
2019
$1,518
2%
$7,506
—
2018
$1,492
-50%
$7,506
-46%
2017
$3,013
7%
$13,904
—
2016
$2,803
9%
$13,904
—
2015
$2,566
44%
$13,904
46%
2014
$1,776
-34%
$9,498
-35%
2013
$2,679
1%
$14,610
—
2012
$2,643
—
$14,610
—
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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Listed by Forte Properties, Inc.

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4947 S Laflin Street, Chicago, IL 60609 (MLS# 12685008) is a Multi-Family property with 2 units containing 8 bedrooms and 0 full bathrooms. 4947 S Laflin Street is currently listed for $344,900 and was received on June 23, 2026. Want to learn more about 4947 S Laflin Street? Do you have questions about finding other Multi-Family real estate for sale in New City? You can browse all New City real estate or contact a Coldwell Banker agent to request more information.

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