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Property Description

Welcome to this fully renovated 2-unit investment property delivering the ideal blend of modern finishes and reliable income potential in the prime pocket of the lively eastern Austin neighborhood. Each unit offers 2 bedrooms, 1 full bathroom, spacious living areas, and updated kitchens designed to attract today's renters. Hardwood flooring runs throughout, complemented by central heating for year-round comfort. Recent upgrades further enhance tenant appeal and operational ease, including newly installed blinds in the dining room, living room, kitchen, and both bedrooms in each unit, ceiling fans added to the living and dining areas, and a washer/dryer hookup in Unit 2-creating additional value and rental flexibility. All appliances and mechanical systems are landlord-owned, providing consistency in maintenance and long-term asset control. This is a true turnkey opportunity for investors seeking immediate cash flow with minimal upfront work. Lease both units for strong returns or take advantage of a house-hack strategy by occupying one while the other offsets your expenses. Bright, sun-filled interiors elevate the overall living experience, while the unfinished basement offers ample storage and future value-add potential. Convenient access to major highways, public transportation, schools, and parks ensures consistent tenant demand and long-term appreciation. A clean, income-producing asset positioned for stability, scalability, and long-term growth.

Overview

Property Status
Active Under Contract
Lot Size
2,613.6 Sq.Ft.
MLS ID
12613880
Property Type
Multi-Family
Year Built
1913

Features & Amenities

Neighborhood
Chicago
Garage Spaces
2.0
Water Source
Lake Michigan
Roof
Rubber
Parking
Yes, Garage Owned, Detached, Garage
Heat Type
Natural Gas, Forced Air
Sewer
Public Sewer
Substructure
Concrete Perimeter
Elementary School
Mcnair Elementary School Communi
Middle School
Mcnair Elementary School Communi
High School
Orr Community Academy High Schoo
School District
299
Sales Price
$349,900
Real Estate Tax
$4,763/yr
Zoning
MULTI

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4844 W Rice Street

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