Great Value-Add Investment Opportunity - Legal 3-Unit Building Excellent opportunity for investors or rehabbers looking to add value. This legal 3-unit building offers strong income potential and is being sold with two long-term tenants in place. Current rents are well below market value, providing excellent upside potential. One tenant has occupied the property for over 30 years, and the other for over 10 years. The vacant garden/basement with a newer furnace (2024) is ready for updating before occupancy. Each apartment features 2 bedrooms plus a versatile bonus room that can be used as a home office, pantry, or additional storage. This property includes an enclosed rear porch. Additional features include an unfinished attic with potential for future use (subject to city approvals), a detached garage, and a spacious backyard. Property is being sold AS IS. Listing agent related to seller. Schedule your tour today!
Active
Price cut: $10.9K (9/11)
$249,000
4811 S Elizabeth St, Chicago, IL 60609
6beds
--sqft
Multi Family
Built in 1893
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Versatile bonus roomDetached garageSpacious backyardEnclosed rear porch
- 45 days
- 148
- 15
Zillow last checked:
Listing updated:
Listed by:
Liz Maldonado 773-798-7190,
@properties Christie's International Real Estate
Source: MRED as distributed by MLS GRID,MLS#: 12722361
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Den
Heating
- Natural Gas
Features
- Basement: Finished,Daylight,Walk-Out Access
Property
Parking
- Total spaces: 2
- Parking features: Off Site, Detached, Garage
- Garage spaces: 2
Features
- Fencing: Fenced
Lot
- Size: 3,000 Square Feet
- Dimensions: 24 x 125
Details
- Parcel number: 20081150060000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding
Condition
- New construction: No
- Year built: 1893
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Community
- Subdivision: Back Of The Yards
Location
- Region: Chicago
Financial & listing details
- Annual tax amount: $1,793
- Date on market: 8/10/2026
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/11/2026 | Price change | $249,000-4.2% |
Source:  MRED as distributed by MLS GRID #12722361 Report a problem | ||
| 8/10/2026 | Listed for sale | $259,900 |
Source: MRED as distributed by MLS GRID #12722361 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Back of the Yards
Nearby schools
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