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Listing provided courtesy of Coldwell Banker RealtyMREDas Distributed by MLSGrid- MLS# 12546329MLS Provider

4954 W Byron StreetChicago, IL 60641

Multi-Family · 9 Beds
$995,000 Active

4954 W Byron Street Overview

Time on Site:
164 days
Visits:
1

Exceptional investment opportunity in Portage Park! This unique multi-building property features three legal units across two buildings with projected rental income of approximately $8,100 per month. The front building offers a spacious first-floor 4BD/1BA unit with potential to duplex into the bright finished basement or explore ADU possibilities (buyer to verify), along with a recently remodeled, modern second-floor 2BD/1BA unit. The rare legal rear coach house features a spacious 3BD/2BA layout, separate utilities, a flood-control system, and strong rental appeal. All units include in-unit laundry, separate utilities, and separate water heaters. ALL MAJOR IMPROVEMENTS COMPLETED WITHIN THE LAST TWO YEARS include updated electrical and plumbing systems, newer kitchens and bathrooms, updated HVAC systems with central air and forced-air heat, newer appliances, newer porches, and a concrete patio/yard area. The bright finished basement includes two additional bedrooms and offers excellent expansion potential. Ideally located near Six Corners with convenient access to public transportation, shopping, dining, and entertainment. This turnkey property offers immediate income potential and future upside for investors, owner-occupants, or multi-generational living.

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4954 W Byron Street Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: 299

Income/Expenses

  • Gross Income: 97200

Building Information

  • New Construction: No
  • Year Built: 1899

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Portage Park
  • Township: Jefferson

Community/Development

  • Community Features: Park, Street Lights, Street Paved, Sidewalks

Tax Information

  • Tax Annual Amount: $13,667.00
  • Tax Year: 2024

General Information

  • Ownership: Fee Simple
  • Parcel Number: 13212060160000
  • Property Type: Residential Income
  • Special Listing Conditions: None
  • Zoning: MULTI

Interior

Parking Information

  • Half Baths Building: 0

Beds/Baths

  • Bathrooms Total: 5
  • Bedrooms Total: 10
  • Bedrooms Possible: 10
  • Full Baths Building: 5

General Information

  • Basement: Finished, Full
  • Foundation Details: Concrete Perimeter
  • Heating: Natural Gas, Forced Air
  • Other Equipment: Sump Pump
  • Rooms Total: 20

Exterior

Parking Information

  • Parking Total: 0

Lot Information

  • Lot Features: Corner Lot
  • Lot Size Dimensions: 3075
  • Water Source: Lake Michigan, Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Vinyl Siding, Brick
  • Roof: Asphalt

General Information

  • Other Structures: Second Residence
  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 2600
  • Beds Total: 4
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 2500
  • Beds Total: 2
  • Baths Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Actual Rent: 3000
  • Beds Total: 3
  • Baths Total: 2

4954 W Byron Street Neighborhood

Community

60641 (CHICAGO) Demographics

37
Median Age
17,360
Population Density (per sq. mile)
39%
College Educated
$67,599
Estimated Median Income
12,764
Estimated Total Home Owners
11,758
Estimated Total Renters
52% / 48%
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.

4954 W Byron Street Monthly Cost

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Jeremy Woods
* 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.

4954 W Byron Street Market Data

Based on the last 30 days in this zip code

$523,031
Average List Price
$310
Average Price per Square Foot
45
Properties Sold
50
Average Days on Market
75
Properties for Sale
Calculations provided by Reliance Network

4954 W Byron Street History

Date Event Value Agent
5/22/2026Source: MRED Status Change
Active
5/17/2026Source: MRED Price Reduction
$995,000 -9.5%
5/17/2026Source: MRED Status Change
Re-activated
1/18/2026Source: MRED Status Change
Active
1/16/2026Source: MRED Added to Database
January 16, 2026