Accepting Backups
4844 Rice Street
Chicago, IL 60651
$349,900
4beds
2baths
—sqft
0.06acres
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About this home
Welcome to this fully renovated 2-unit investment property delivering the ideal blend of modern finishes and reliable income potential in the prime pocket of the lively eastern Austin neighborhood. Each unit offers 2 bedrooms, 1 full bathroom, spacious living areas, and updated kitchens designed to attract today's renters. Hardwood flooring runs throughout, complemented by central heating for year-round comfort. Recent upgrades further enhance tenant appeal and operational ease, including newly installed blinds in the dining room, living room, kitchen, and both bedrooms in each unit, ceiling fans added to the living and dining areas, and a washer/dryer hookup in Unit 2-creating additional value and rental flexibility. All appliances and mechanical systems are landlord-owned, providing consistency in maintenance and long-term asset control. This is a true turnkey opportunity for investors seeking immediate cash flow with minimal upfront work. Lease both units for strong returns or take advantage of a house-hack strategy by occupying one while the other offsets your expenses. Bright, sun-filled interiors elevate the overall living experience, while the unfinished basement offers ample storage and future value-add potential. Convenient access to major highways, public transportation, schools, and parks ensures consistent tenant demand and long-term appreciation. A clean, income-producing asset positioned for stability, scalability, and long-term growth.
MLS Description — as provided by the listing brokerage.
The facts
Property typeResidential Income
Year built1913
Garage spaces2
Lot size0.06 acres
Annual tax$4,762.71
CountyCook
MLS #MRD12613880
Days on market7
Schools
ElementaryMcnair Elementary School Communi
Middle / JuniorMcnair Elementary School Communi
High schoolOrr Community Academy High Schoo
Features
Heating
Natural GasForced Air
Parking
YesGarage OwnedDetachedGarage
Construction
Brick
Sewer
Public Sewer
Listed by
EXIT Strategy Realty
Nick Libert
Listing courtesy of mred MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 4/27/2026, 1:30:02 AM. All data should be independently verified.
This home is under contract but the seller is accepting backup offers. Contact a dwello agent to submit.
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