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Listing provided courtesy of Sperry Van NessMREDas Distributed by MLSGrid- MLS# 12662269MLS Provider

4854 W North AvenueChicago, IL 60639

Commercial · 3 Beds
$3,395,000 Active

4854 W North Avenue Overview

Time on Site:
31 days
Visits:
0

Pleased to present a 34-unit Multifamily building located on the border of North Austin and Belmont Cragin. The property is steps away from strong retail centers. The unit mix consists of (2) Commercial Spaces, (6) studios, and (18) 1 Bedroom 1 Bath, (8) 2 Bedroom 1 Bath Apartments. Majority of units have been newly remodeled with updated kitchens and baths and new appliances. 4850 W North Ave is equipped with (2) newer boilers, (2) 200-gallon water tanks, newer electrical, newer porches, newer roof, high-quality interior and exterior camera system, LED exterior lighting and lastly (4) Washers & (4) dryers. The building is in very strong condition and well-maintained and managed.

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4854 W North Avenue Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 8500
  • Electric Expense: 7632
  • Fuel Expense: 33464
  • Gross Income: 449108
  • Insurance Expense: 19551
  • Maintenance Expense: 22950
  • Net Operating Income: 273685
  • Operating Expense: 175423
  • Trash Expense: 7835
  • Water Sewer Expense: 13792

Building Information

  • Year Built: 1929

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Austin

Tax Information

  • Tax Annual Amount: $36,842.00
  • Tax Year: 2023

General Information

  • Parcel Number: 13334230400000
  • Property Type: Commercial Sale

Interior

General Information

  • Stories: 4

Exterior

Lot Information

  • Additional Parcels: Yes
  • Lot Size Dimensions: 100x110

General Information

  • Number Of Units Total: 34

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 0
  • Baths Total: 1
  • Units Total: 6

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 1
  • Baths Total: 1
  • Units Total: 18

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 8

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0
  • Units Total: 2

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Units Total: 0

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

4854 W North Avenue Neighborhood

Community

60639 (Chicago) Demographics

35
Median Age
18,147
Population Density (per sq. mile)
20%
College Educated
$51,810
Estimated Median Income
12,979
Estimated Total Home Owners
12,828
Estimated Total Renters
50% / 50%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

4854 W North Avenue Monthly Cost

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$
$
Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4854 W North Avenue Market Data

Based on the last 30 days in this zip code

$496,366
Average List Price
$256
Average Price per Square Foot
14
Properties Sold
54
Average Days on Market
36
Properties for Sale
Calculations provided by Reliance Network

4854 W North Avenue History

Date Event Value Agent
6/8/2026Source: MRED Status Change
Active
6/3/2026Source: MRED Price Reduction
$3,395,000 -7.0%
6/3/2026Source: MRED Status Change
Price Change
5/29/2026Source: MRED Added to Database
May 29, 2026