4941 West Iowa, Chicago IL 60651
$170,000

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Property Description

**Exceptional Investment Opportunity in Austin!** Discover the potential of this solid brick two-flat nestled in the thriving, highly sought-after Austin community! Each spacious unit offers two bedrooms and a formal dining room, with the first-floor unit duplexed down to a basement that was once finished with additional bedrooms and a half bath for added convenience. Whether you're a seasoned investor or a savvy homebuyer, this property presents the perfect canvas to restore and customize. While it does require a vision beyond its current appearance, its strong bones and prime location offer endless possibilities for value-add improvements. Enjoy the perks of a two-car garage and easy access to public transit, shopping, parks, and other nearby amenities-all within walking distance. With strong rental demand and community revitalization in full swing, this is a rare chance to secure a property in one of Chicago's most active neighborhoods. Bring your vision and transform this gem into a stunning income-generating asset!

Features & Information

Key Details

  • List Price $170,000
  • Property Taxes $4,430.77
  • Price/ Sq. Ft. Unavailable
  • Year Built 1913
  • Parking Type Garage
  • Status Active

Rooms

  • Total Rooms 10
  • Basement F

Exterior Features

  • Parking

  • Parking Details Garage
  • # of Cars:  2

Building Information

  • Number of Units 2
  • Age of Building 100+ Years
  • Exterior Construction Brick
  • Heating & Cooling Gas
  • Units

  • Unit 1 None
  • Unit 2 None

Location

  • County Cook
  • Township West Chicago
  • Corporate Limits Chicago
  • Directions to Property Chicago Avenue E/w To Lawler North To Iowa East To Subject.
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 4430.77
  • Tax Year 2023
  • Tax Exemptions None
  • Parcel Identification Number 16044270070000

Utilities

  • Sewer Sewer-Publ

Listed by Tamika Marks for Trademarks & Associates | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 4/30/2025 3:02 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore South Austin

With wide boulevards, plenty of park space, inexpensive housing and convenient transportation options, South Austin is a Chicago neighborhood on the rise. Civic organizations are an active part of South Austin's community culture, working with residents and local businesses to revitalize the area and create an attractive and pleasant environment. A classic farmer's market sets up shop in the heart of South Austin every week during the warm weather months, and year round recreational activities are always going on at the neighborhood's popular Columbus Park fieldhouse. A nine-hole golf course makes it easy for South Austiners to keep those tee times and summertime movies and concerts in the park are a great evening event for the whole family to enjoy.

Read More About South Austin...

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