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4810 S Union Ave
Multi-Family
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$424,900

4810 S Union Ave, Chicago

64% below median
8 bd·2 ba·0 sqft
Built 1889Canaryville

4810 S Union Ave, Chicago, IL

8 bd · 2 ba · 0 sqft Multi-Family listed at $424,900, built in 1889 in the Canaryville neighborhood.

About this home

2-Unit Investment Opportunity - Strong Upside Potential Well-maintained two-unit property with immediate income growth opportunity. Both units offer spacious layouts, making this an attractive rental property for long-term tenants. The first-floor unit features a flexible 4 bedroom layout. A long-term tenant with below-market rent is vacating, providing the ability to reset rent to current market rates and significantly improve cash flow. The second-floor unit offers 3 - 4 bedrooms and is currently vacant, allowing investors to immediately place a tenant at market rent or owner-occupy while generating income from the other unit. Each unit includes: In-unit laundry facilities, Separate newer HVAC, Brand-new water heaters, Additional updates include a newer roof, minimizing near-term capital expenses. With both units turning over, this property presents a rare opportunity to stabilize at full market rent from day one. Ideal for investors seeking a solid asset with upside potential, strong rental demand, and major mechanical updates already completed.

Property details

Price
$424,900
Bedrooms
8
Bathrooms
2
Year built
1889
Type
Multi-Family
Days on market
56
Est. property tax
$8,838/yr · $737/mo · 2.08% IL avg
Last sold
$295,000 · Jan 2021

Estimated monthly payment

Down payment20% ($84,980)
Interest rate6.75%
Principal & Interest$2,205
Property Tax$389
Insurance$150
Total$2,744/mo

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Price history

$464K$230K$-4K$35K on Jul 96 (Sold)$65K on Apr 97 (Sold)$92K on Mar 02 (Sold)$300K on Feb 17 (Initial list)$300K on May 17 (Price change)$295K on Jan 21 (Sold)$360K on Nov 23 (Initial list)$360K on Jan 24 (Price change)$360K on Mar 24 (Initial list)$425K on Mar 26 (Initial list)
$35K · Jul 96$425K · Mar 26
  1. Mar 1, 2026$424,900Initial list price
  2. Mar 1, 2024$360,000Initial list price
  3. Jan 25, 2024$360,000Price change
  4. Nov 21, 2023$360,000Initial list price
  5. Jan 26, 2021$295,000Sold
  6. May 7, 2017$299,998Price change
  7. Feb 13, 2017$299,998Initial list price
  8. Mar 15, 2002$92,000Sold
  9. Apr 2, 1997$65,000Sold
  10. Jul 22, 1996$35,000Sold

Location

This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.

About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.

Location

Map of 4810 S Union Ave, Chicago
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Home Intelligence

Neighborhood (zip 60609)

This neighborhood is primarily renter-occupied (40% owner-occupied). Median age is 35.4; 11% hold a bachelor's degree; median household income is $47,209.

Median income
$47,209
Median age
35.4
Owner-occupied
39.6%
Bachelor's degree
10.7%
Census median home value
$228,800

Source: US Census Bureau American Community Survey 5-year estimates.

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