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$485,000
Property Description
Discover the potential of this beautifully renovated 2-unit property located in the vibrant Austin neighborhood of Chicago. A short distance from Columbus Park and major transit lines, ensuring easy access to local amenities and downtown Chicago. Recently updated in 2022, this building underwent an extensive renovation that includes: A complete gut renovation. Upgraded electrical and plumbing systems. New HVAC units installed in each unit. A newly constructed porch for enjoyable outdoor living. A brand-new roof and energy-efficient windows. Both units have been thoughtfully designed with modern amenities, featuring updated kitchens equipped with elegant granite countertops and contemporary bathrooms. Upper Unit: This spacious 3-bedroom, 1-bathroom unit offers ample living space and comfortable accommodations. Lower Unit: The duplex-down unit, boasting 4 bedrooms and 3 bathrooms, provides generous living areas, perfect for families or shared living situations. This property represents an excellent investment opportunity, as both units are already occupied, ensuring immediate cash flow. (BOTH TENANTS ARE WILLING TO MOVE) Market analysis suggests that these units could be rented at 2,000 per mo for the upper unit and 2,700 per mo for the duplex unit. Whether you are a homeowner looking for a comfortable living space with added rental income or an investor seeking a profitable asset, this property offers the perfect blend of location, updated features, and cash flow potential. Don't miss this opportunity to own a piece of the Austin community in Chicago.
Full Property Details
Full Property Details for 4948 W Washington Blvd
General
- Price: $485,000
- Taxes: $4,220 (2023)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12327265
- Updated: 1/7/2026
- Added to Site: 290 day(s) ago
Interior
- Basement: Finished, F
Rooms
Bathrooms
- Total Bathrooms: 4
- Upper - Full Baths: 4
Bedrooms
- Total Bedrooms: 7
Parking
- Total Spaces: 2
- Parking Features: Yes
Location
- Area: CHI - Austin
- County: Cook
- Township: West Chicago
- Driving Directions: Lavergne Ave to Washington Blvd to home
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
- Architectural Info: Brownstone
- Architectural Style: Brownstone
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Finished, Full
- Year Built: 1907
- Built Before 1978: Yes
- Remodeled/Updated: 2022
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 30 x 180 x 30 x 180
Financial Considerations
- Assessment Year: 1907
- Tax Amount: $4,220
- Tax Year: 2023
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16094230200000
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Schools
Schools serving 4948 W Washington Blvd
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Spencer Technology Acad Elementary School 214 North Lavergne Avenue, Chicago, IL 60644 | PK-8 | 0.2 mi |
Marshall Metropolitan High School 3250 West Adams Street, Chicago, IL 60624 | 12-11 | 2.2 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 4948 W Washington Blvd
Date
Details
Price
Change
Source
12/08/2025
Price Reduced
$485,000
-3.94%
MLS
9/23/2025
Price Reduced
$504,900
-0.98%
MLS
9/05/2025
Price Reduced
$509,900
-0.99%
MLS
8/28/2025
Price Reduced
$515,000
-1.89%
MLS
4/22/2025
Price Reduced
$524,900
-0.02%
MLS
4/03/2025
Listed
$525,000
—
MLS
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 4948 W Washington Blvd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,220
3%
$20,000
—
2022
$4,114
2%
$20,000
—
2021
$4,022
9%
$20,000
21%
2020
$3,696
-2%
$16,592
-12%
2019
$3,788
2%
$18,855
—
2018
$3,724
—
$18,855
9%
2017
$3,719
7%
$17,274
—
2016
$3,460
9%
$17,274
—
2015
$3,165
-2%
$17,274
-1%
2014
$3,244
2%
$17,482
—
2013
$3,180
1%
$17,482
—
2012
$3,137
—
$17,482
—
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 4948 W Washington Blvd
4948 W Washington Boulevard, Chicago, IL 60644 (MLS# 12327265) is a Multi-Family property with 2 units containing 7 bedrooms and 0 full bathrooms. 4948 W Washington Boulevard is currently listed for $485,000 and was received on April 03, 2025. Want to learn more about 4948 W Washington Boulevard? 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.
