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Price cut: $26,000
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Two to Four Units · Chicago, IL
$499,000$525,000
7 beds · 3 baths
4906 W Erie Street, Chicago, IL, 60644
A brick-and-mortar place to make your own — room to make it home.
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What’s special

2-car garage
Prime Investment Opportunity---Renovated Multi-Unit Gem Offering Flexible Income or Spacious Family Residence. Beautifully updated multi-unit building featuring two spacious apartments and a large garden unit, ideal for savvy investors seeking high cap rates or for a large extended family with all this space. 3 bedroom upper unit--1200SF, 2 bedroom lower unit--1000SF, and garden unit with 3 multi-purpose rooms. Three full bathrooms throughout. Property Highlights: Fully renovated with high-quality finishes throughout. All new windows and brand new appliances. Modern can lighting, designer neutral paint, and upgraded flooring. Newly refinished front and rear staircases. Secure 6-foot wood privacy fence in front. Separate back porches for both main units plus a spacious 25x25 backyard perfect for grilling and outdoor enjoyment. Kitchens & Baths--- Granite countertops, white shaker-style cabinets, and deep double-bowl sinks. Stainless steel appliances (stove, microwave, refrigerator) Bathrooms feature marble tile, vanities, and tub/shower combinations (garden unit has a large walk-in shower) Mechanicals & Systems---Separate forced-air heating for each uni. Two 100-amp electrical services plus a 100-amp common panel. This turnkey property offers excellent income potential with modern updates, desirable layouts, and strong tenant appeal.Perfect for investors looking to maximize returns or a large extended family looking for space. Included is a newer two car garage plus a wood security fence in front. Current taxes are very low. RIGHT next to Nash Elementary, very close to Ronald McNair Elementary School. 12 minute walk to the Lake-Cicero Green Line L, RAPID access east and west. Close to lots of shopping and restaurants. Easy access to Chicago Avenue, North Avenue, and 290. 6 minute drive to I-290
— the listing agent’s description

The home

7 beds
3 baths
Built in 1905
0.07-acre lot
2-car garage
Two to Four Units

What it’ll cost

$5,233 taxes / yr
No HOA
Listed $525,000
Now $499,000
29 days on dwello

Estimated monthly payment

$3,235/mo
Principal & interest$2,653
Property taxes$436
Homeowners insurance$146
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29 days on dwello
Price history
Price reduced
Jun 13, 2026
↓ $26,000$499,000
Listed for sale
May 17, 2026
$525,000
Now $26,000 below the original list price.
Property taxes
2025
Annual tax bill (MLS)
$5,233/yr
Assessed value
2025
County assessor
$26,000~$260,000 mkt
2024
$26,000~$260,000 mkt
2023
$10,000~$100,000 mkt
2022
$10,000~$100,000 mkt
2021
$10,000~$100,000 mkt
2020
$14,351~$143,510 mkt
2019
$16,309~$163,090 mkt
2018
$16,309~$163,090 mkt
Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.

Features

Natural GasBrickPublic SewerGarage Door OpenerYes

Schools

Elementary — Nash Elementary School
Assigned schools per the listing — always verify enrollment + boundaries with the district.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Alberto Gonzalez · EXIT Strategy Realty
Listing last updated Jun 13, 2026 · data refreshed from the MLS Jun 17, 2026, 6:28 PM CT
Based on information submitted to the MLS GRID as of Jun 17, 2026, 6:28 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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