About this home

Legal 2-flat with garden unit in a desirable Chicago neighborhood offering incredible flexibility and strong income potential! The first-floor unit is exceptionally spacious, featuring 3 generously sized bedrooms, a full bathroom, and hardwood flooring throughout the bedrooms and family room, creating a warm and inviting feel. The kitchen stands out with custom-designed tile finishes, adding character and style. The layout offers oversized rooms and an open, comfortable flow rarely found, along with multiple oversized closets providing exceptional storage throughout. The second-floor unit includes 2 bedrooms and 1 bath with huge closets, hardwood flooring, and stainless steel appliances. The finished basement features a premium garden unit with 2 additional bedrooms, 1 bathroom, a cozy fireplace, and its own separate entrance. Both main units also offer separate entrances, adding privacy and flexibility for owners or tenants. This is a very solid, well-built property with multiple access points. A brand new roof (2025) adds peace of mind, and the 2.5-car detached garage provides ample parking and storage. Enjoy a park directly across the street along with beautiful city views toward downtown Chicago. Conveniently located near downtown, major highways, public transportation, Midway Airport, shopping, and dining-and just a short 2-minute walk to Target, Pete's Market, and Aldi-this is an excellent opportunity for both homeowners and investors. Schedule your showing today!

Property details

Price: $585,000
Bedrooms: 7
Bathrooms: 3
Year built: 1959
Type: Multi-Family
Est. property tax: $12,168/yr · $1,014/mo · 2.08% IL avg

Estimated monthly payment

Down payment20% ($117,000)

Interest rate6.75%

Principal & Interest$3,035

Property Tax$536

Insurance$150

Total$3,722/mo

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Price history

$350K · Sep 13$585K · Apr 26

Apr 26, 2026$585,000Initial list price
Feb 10, 2014$295,000Price change
Sep 19, 2013$295,000Price change
Sep 7, 2013$349,900Initial list price

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.

Home Intelligence

Neighborhood (zip 60632)

Median age is 33.1; 9% hold a bachelor's degree; 56% of homes are owner-occupied; median household income is $53,966.

Median income: $53,966
Median age: 33.1
Owner-occupied: 55.9%
Bachelor's degree: 9.2%
Census median home value: $226,200

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

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$585,000

4508 S Avers Ave, Chicago, IL