4854 W Addison St - Office/Residential FOR SALE


Chicago, IL 60641- Portage Park
$650,000 USD
517-930-6310
4854 W Addison St, Chicago, IL for Sale
$650,000 USD
Office/Residential - FOR SALE
1/49
null | 3.1% Cap Rate

4854 W Addison St
Chicago, IL 60641
Portage Park


HIGHLIGHTS

  • Commercial + Residential space
  • Upgraded building
  • High walk score

OVERVIEW

Charming Multi-Use Property with Income Potential! Welcome to this one-of-a-kind, income-generating gem in a prime location! Offering just over 4,000 square feet of versatile space, this beautifully maintained property includes one commercial unit and two residential units, making it a rare find for savvy investors or business owners looking for flexibility and strong returns. The third floor features a bright and inviting 2-bedroom, 1- bath residential unit, ideal for tenants or a comfortable owner's retreat. Enjoy deck access and in-unit laundry. (Currently leased through August.) On the second floor, you'll find a stylish 2-bedroom, 1-bath unit, fully remodeled in 2023 and now vacant-ready for your next tenant or personal use. This unit also enjoys private deck access, with laundry conveniently located just downstairs. The first floor commercial space is a standout, offering prime visibility and thoughtful design for any business. It includes three private offices, a spacious conference room, an open front office area, and a fully equipped kitchen with a stove, fridge, and sink. The bathroom is smartly split into separate rooms for the toilet, sink, and shower-perfect for client facing businesses. Recent updates include: Second floor remodel (2023), Brand new front deck (2024), Commercial space flooring (2020), Two-car garage (approx. 10 years old), currently used for storage, New roof (rolled tar, 2017), Completed tuck-pointing in recent years. This property blends classic charm with thoughtful updates, offering a unique opportunity for owner-occupants, investors, or business owners seeking multi-use flexibility. With existing rental income and commercial potential, this is a rare chance to secure a strong return in a highly desirable location!

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$150 USD /SF

CAP RATE

3.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Loft/Creative Space, Medical, Telecom Hotel/Data Hosting

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1937

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,032 SF

ZONING

RS-3

APN/PARCEL ID

13-21-231-017-0000

ASK ABOUT THIS PROPERTY

Emma LaCosseQamar GroupMore Info
517-930-6310

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Emma LaCosseQamar GroupMore Info
517-930-6310

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.