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$515,000
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Property Description
Situated on an extra wide lot in a premier location of Jefferson Park, this turnkey 2 flat presents an extraordinary opportunity for investors, multi-generational living, or house hackers - live in one unit and generate income leasing the other unit! Both bright and airy apartments feature 2 bedrooms with walk-in closets, 1 bath, tall ceilings, formal living and dining rooms, charming breakfast nooks, and a private 1st floor deck. Enjoy total peace of mind with key recent updates, including newer furnaces (2024), a brand new 2nd floor water heater (2026), and a modernized 2nd floor kitchen with updated cabinets, counter top, backsplash and faucet (2023). An enclosed rear staircase connects both levels to a massive unfinished basement and attic, offering value add potential for a duplex-up expansion or a single family conversion. Outside, a fully fenced landscaped yard leads to a 2 car garage offering additional storage or rental potential. Ideally positioned near Beaubien Elementary district, the Blue Line, Metra stations, bus routes, I-90/94, multiple forest preserves, many grocery stores, and neighborhood favorites like Gale Street Inn and Westons Coffee & Tap Co., this versatile property delivers unbeatable convenience, flexible living options, and immediate income potential!
Full Property Details
Full Property Details for 4950 W Gunnison St
General
- Sold For: $515,000
- Taxes: $6,491 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12698253
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Additional Information
- Equipment: Ceiling Fan(s)
- Other Features: Commuter Bus, Commuter Train, Interstate Access
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Garage
Location
- Area: CHI - Forest Glen
- County: Cook
- Driving Directions: LAWRENCE NORTH TO LAVERGNE, EAST TO 4950 GUNNISON
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Public
Structural Information
- Construction: Vinyl Siding
- Exterior Const.: Vinyl Siding
- Basement Desc.: Unfinished, Full
- Roof: Asphalt
- Year Built: 1911
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 125.8 x 32
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1911
- Tax Amount: $6,491.88
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 13094260180000
Listed by Compass
Sold by Compass
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Schools
Schools serving 4950 W Gunnison St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Beaubien Elementary School 5025 North Laramie Avenue, Chicago, IL 60630 | PK-8 | 0.3 mi |
Taft High School 6530 West Bryn Mawr Avenue, Chicago, IL 60631 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
4950 W Gunnison Street, Chicago, IL 60630 (MLS# 12698253) is a Multi-Family property that was sold at $515,000 on September 04, 2026. Want to learn more about 4950 W Gunnison Street? Do you have questions about finding other Multi-Family real estate for sale in Chicago? You can browse all Chicago real estate or contact a Coldwell Banker agent to request more information.

