4860 West Byron, Chicago IL 60641
Property Description
4860 W Byron presents a rare opportunity to acquire a fully-leased, 8-unit building in prime Portage Park. The unit mix consists of six 2-bedroom/1-bath units, and two 1-bedroom/1-bath units, all of which have undergone recent upgrades including new flooring, fresh paint, and modern kitchens with stainless steel appliances. Several units have been fully rehabbed. Building-wide improvements include a replaced sewer line (2022), upgraded boiler components (2022), refreshed common areas (2022), tuckpointing (2018 & 2022), and new basement windows (2020). The roof was serviced in 2018, offering added peace of mind for future owners. With a 2024 net operating income of $94,734 and additional laundry income, this property delivers immediate cash flow and long-term upside. Located on a quiet, tree-lined street near transit, parks, and schools, this property is ideal for both seasoned investors and 1031 Exchange buyers. No deferred capital needs. Simply collect rent from day one.
Features & Information
Key Details
- List Price $1,499,900
- Property Taxes $16,396
- Price/ Sq. Ft. Unavailable
- Year Built 1926
- Status New
Building Information
- Age of Building Older
- Exterior Construction Brick
- Foundation Concrete
- Heating & Cooling Central Bldg Heat, Radiators, Steam
Location
- County Cook
- Directions to Property East/west On Irving Park To Lavergne, South To Byron, 1-way East To Property.
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Property Taxes
- Tax 16396
- Parcel Identification Number 13212070160000
Listed by Steven Powers for Century 21 S.G.R., Inc. | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 7/12/2025 1:02 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 Portage Park
Portage Park is a peaceful and spacious northwest side Chicago neighborhood with an active business district, a number of good schools and affordable property that is steadily growing in popularity and homebuyer interest. The Six Corners intersection is the area's main commercial hotspot, but the entire neighborhood is infused with a wealth of little shops and specialty stores. There is no better way to experience what Portage Park has to offer than to sample the vast roster of restaurants, bar & grills, pizzerias, bakeries and delis. And you don't want to discount the neighborhood's notable network of parkland, headed up by the spacious grounds and Olympic-size swimming pool of the community's coveted namesake Portage Park.
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