4860 W Byron ST Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60641
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12413504
Maintenance Fees $2,700
Year Built 1926
Annual Tax Amount $16,396
Tax Year 2023
Lot Size 6,098 Sqft
Property Sub-Type Multi Family 5+
Property Description
4860 W Byron presents a rare opportunity to acquire a fully-leased, 8-unit building in prime Portage Park. The unit mix consists of six 2-bedroom/1-bath units, and two 1-bedroom/1-bath units, all of which have undergone recent upgrades including new flooring, fresh paint, and modern kitchens with stainless steel appliances. Several units have been fully rehabbed. Building-wide improvements include a replaced sewer line (2022), upgraded boiler components (2022), refreshed common areas (2022), tuckpointing (2018 & 2022), and new basement windows (2020). The roof was serviced in 2018, offering added peace of mind for future owners. With a 2024 net operating income of $94,734 and additional laundry income, this property delivers immediate cash flow and long-term upside. Located on a quiet, tree-lined street near transit, parks, and schools, this property is ideal for both seasoned investors and 1031 Exchange buyers. No deferred capital needs. Simply collect rent from day one.
Location
State IL
County Cook
Area Chi - Portage Park
Zoning MULTI
Interior
Cooling Window Unit(s)
Building
Dwelling Type Multi Family 5+
Structure Type Brick