4805 S Elizabeth Street, Chicago IL 60609
Property Description
Investor Special with Rare Double-Lot Opportunity in Back of the Yards! Unlock the potential of this value-add multifamily property in the heart of Chicago's Back of the Yards neighborhood. This building is ready for your vision and offers an excellent opportunity for investors, rehabbers, or owner-occupants looking to create equity through renovation. A standout feature is the full-size vacant lot included with the sale, providing endless possibilities for expansion, outdoor living space, additional parking, or future development (subject to zoning and City of Chicago approval). The property also includes a garage and is conveniently located near schools, parks, shopping, restaurants, public transportation, and major expressways. Whether you're looking to renovate and hold for long-term rental income, complete a fix-and-flip project, or capitalize on the added value of the extra lot, this property offers exceptional upside potential. Property is being sold AS-IS. Buyer to perform their own due diligence regarding zoning, lot use, and development possibilities. Don't miss this unique opportunity to invest in one of Chicago's growing neighborhoods!
Features & Information
Key Details
- List Price $264,999
- Property Taxes $2,711
- Year Built 1890
- Status Active
- List Market Time 7
Units
-
Unit 1
- Floor 1
- Rooms 4
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator
- Rent $0/mo
- Tenant Pays All
- Lease Expires vac
-
Unit 2
- Floor 1
- Rooms 3
- Beds 1
- Baths 1
- Appliances None
- Rent $0/mo
- Tenant Pays All
- Lease Expires vac
-
Unit 3
- Floor 2
- Rooms 4
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator
- Rent $0/mo
- Tenant Pays All
- Lease Expires vac
-
Unit 4
- Floor 2
- Rooms 3
- Beds 1
- Baths 1
- Appliances None
- Rent $800/mo
- Tenant Pays All
- Lease Expires 06/26
Exterior Features
-
Parking
- # of Cars: 2
Building Information
- Number of Units 4
- Age of Building 100+ Years
Location
- County Cook
- Township Lake
- Corporate Limits Chicago
- Directions to Property 47th St. To Racine Racine To 49th St 49th To Elizabeth St To 4805
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 2711
- Tax Year 2023
- Tax Exemptions None
- Parcel Identification Number 20081150030000
Listed by Michelle Atkins for Coldwell Banker Realty | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 8/12/2026 3:32 PM. 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 Back of the Yards
The Back-of-the-Yards neighborhood is one of the original communities of the American Industrial Revolution. This was the site of radical social change that moved the country forward with progress in labor relations and how society views laborers. The slaughterhouses and harsh working conditions attracted both reformers and authors who acted as advocates for the everyman. Now the neighborhood is an intriguing place to explore, with a plethora of parks and a strong, diversified community that is expanding on its industrial base. Classic Chicago bungalows are joined by other single-family homes and some condominium conversions to give homeowners a wide range of real estate to choose from. Specialty grocery stores and an international selection of restaurants round out the backdrop of Chicago's Back-of-the-Yards neighborhood.
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