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4827 S Throop St
Multi-Family
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$215,000

4827 S Throop St, Chicago

82% below median
4 bd·2 ba·0 sqft
Built 1893New City

4827 S Throop St, Chicago, IL

4 bd · 2 ba · 0 sqft Multi-Family listed at $215,000, built in 1893 in the New City neighborhood.

About this home

This oversized frame with double front porch with aluminum siding sits on a full-sized lot plus the adjoining vacant lot included in the sale, offering rare expansion and development potential. The property is a 2-unit building, with each unit featuring 2 bedrooms and 1 bathroom, making it ideal for rental income or multi-generational living. It also includes a large unfinished attic and basement, providing multiple options for reconfiguration, storage, or future improvements. The layouts offer generous room sizes, tall ceilings, and multiple entrances, making it a strong opportunity for investors seeking cash flow or buyers looking to live in one unit and rent the other. A detached 2-car garage adds additional value. The home needs cleaning and cosmetic work throughout and is being sold as-is, but the footprint, size, and included side lot create a solid investment opportunity. Great buy for rehabbers, investors, or anyone looking to build long-term equity. Schedule your showing today.

Property details

Price
$215,000
Bedrooms
4
Bathrooms
2
Year built
1893
Type
Multi-Family
Days on market
88
Est. property tax
$4,472/yr · $373/mo · 2.08% IL avg
Last sold
$43,000 · Jul 1994

Estimated monthly payment

Down payment20% ($43,000)
Interest rate6.75%
Principal & Interest$1,116
Property Tax$197
Insurance$150
Total$1,463/mo

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Price history

▼ 8.5%Most recent change on 2026-03-28: $235,000 → $215,000.

$256K$132K$8K$29K on May 88 (Sold)$43K on Jul 94 (Sold)$125K on Dec 18 (Initial list)$125K on Feb 19 (Sold)$235K on Jan 26 (Initial list)$215K on Mar 26 (Price change)
$29K · May 88$215K · Mar 26
  1. Mar 28, 2026$215,000Price change
  2. Jan 28, 2026$235,000Initial list price
  3. Feb 11, 2019$125,000Sold
  4. Dec 10, 2018$125,000Initial list price
  5. Jul 26, 1994$43,000Sold
  6. May 10, 1988$29,000Sold

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 4827 S Throop St, 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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