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$349,500
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Property Description
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
Full Property Details for 4947 S Laflin St
General
- Sold For: $349,500
- Taxes: $3,834 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12685008
- Added to Site: 62 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Parking
- Total Spaces: 2
- Parking Features: Off-Alley, Alley Access, Yes, Owned
Location
- Area: CHI - New City
- County: Cook
- Driving Directions: SOUTH TO 50TH ST, WEST TO LAFLIN, NORHT TO BLD.
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Forced Air
Utilities
- Water: Lake Michigan, Public
Structural Information
- Construction: Vinyl Siding, Frame
- Exterior Const.: Vinyl Siding, Frame
- 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
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20081210250000
Listed by Forte Properties, Inc.
Sold by Oliveros Realty Company
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Schools
Schools serving 4947 S Laflin St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Hamline Elementary School 4747 South Bishop Street, Chicago, IL 60609 | K-8 | 0.3 mi |
Richards Career Academy High School 5009 South Laflin Street, Chicago, IL 60609 | 9-12 | 0.1 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
Date
Details
Price
Change
Source
8/07/2026
Sold
$349,500
1.33%
MLS
6/23/2026
Listed
$344,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4947 S Laflin Street, Chicago, IL 60609 (MLS# 12685008) is a Multi-Family property that was sold at $349,500 on August 07, 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.

