4844 W Rice St

Chicago, IL 60651

$349,900
Price
4
Beds
1,784 Sq. Ft.
$196 / Sq. Ft.
1,784
Sq. Ft.
$196
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Open: 4/19 12:00PM - 01:00PM
Open: 4/19 12:00PM - 01:00PM

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...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.
  1. Listed by Nick Libert • EXIT Strategy Realty
    P: (773)-542-3781 nick@nicklibert.com
  2. Listed by Tabren Smith • EXIT Strategy Realty
    P: (872)-324-3061 C: (872)-324-3061 tabren@thenextgengroup.co;admin@thenextgengroup.co

Property Details for 4844 West Rice Street

Area
CHI - Austin
Township
West Chicago
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air
Zoning
MULTI

Open Houses

Sunday, Apr 19th12:00 PM - 1:00 PM
PublicView contact
LISTING UPDATED: 04/16/2026 02:08 PM

Property Details for 4844 West Rice Street

StatusNew
MLS #12613880
Days on Market4
Taxes$4,763 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1913
Lot Size0.06 AC / 2,613 SF
CountyCook County
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Location

Listing Courtesy of EXIT Strategy Realty
Add your commute

Building Information for 4844 West Rice Street

Stories-Residences2Year Built1913Building Size-Lot Size0.06 AC / 2,613 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$2,159 per month

30 year fixed, 6.46% Interest

Principal and Interest

$1,762

Property Taxes

$397

HOA Dues

$0

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Property Information for 4844 West Rice Street

General Information
School Information
  • Elementary School District: 299
  • Elementary School: Mcnair Elementary School Communi
  • Jr High Middle School: Mcnair Elementary School Communi
  • High School District: 299
  • High School: Orr Community Academy High Schoo
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking Details: Yes, Garage Owned, Detached, Garage
Location and General Information
  • Postal Code Plus 4: 3244
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 10
  • Bedrooms Total: 4
  • Bedrooms (Below Grade): 0
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Basement Type: Unfinished, Full
  • Bedrooms Possible: 4
  • # Full Baths in Building: 2
  • # Half Baths in Building: 0
  • Num of Baths: 2.0
Exterior Features
  • Fencing: Fenced
  • Patio And Porch Features: Porch
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
  • Other Equipment: CO Detectors
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 25 X 125
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Rubber
  • Foundation Details: Concrete Perimeter
  • General Information: None
  • North Coordinate: 850
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 4844
  • 3 Br Un In Bldg: No
  • Conversion: N
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2026-04-16T19:06:16
  • Photos Count: 33
  • Deconversion: N
  • OpenHouse Count: 1
Multi Family
Income & Expenses
  • Fuel Expense: $3,946.00
  • Fuel Expense Source: Owner Projection
  • Water Expense Source: Owner Projection
  • Water Sewer Expense: $2,769.00
Unit 1
  • Unit Type Actual Rent: $1,200.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: MTM
Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: OWNER

Property History for 4844 West Rice Street

DateEvent & SourcePriceAppreciation
Apr 14, 2026

Listed (Active)

MRED #12613880

$349,900—
Aug 31, 2020

Sold

MRED #10760430

$274,900—
Aug 7, 2020

Sold (Public Record)

Public Record #680636464

$275,000

+96.1% / yr

Jun 29, 2020

Pending

MRED #10760430

—
Jun 25, 2020

Listed (Active)

MRED #10760430

$274,900—
Apr 26, 2019

Sold

MRED #10330639

$115,000—
Apr 22, 2019

Sold (Public Record)

Public Record #643988481

$115,000—
Apr 8, 2019

Pending

MRED #10330639

—
Apr 3, 2019

Listed (Active)

MRED #10330639

$126,000—
Apr 3, 2019

Cancelled

MRED #10300900

$126,000—
Mar 7, 2019

Cancelled

MRED #10276156

$139,900—
Mar 7, 2019

Listed (Active)

MRED #10300900

$137,000—
Feb 19, 2019

Listed (Active)

MRED #10276156

$139,900—
Feb 17, 2019

Cancelled

MRED #10254731

$159,999—
Feb 9, 2019

Listed (Active)

MRED #10254731

$159,999—
May 2, 2013

Cancelled

MRED #08054262

$33,000—
Nov 8, 2012

Listed (Active)

MRED #08054262

$45,000—
Apr 20, 2009

Cancelled

MRED #07073748

$109,900—
Nov 14, 2008

Listed (Active)

MRED #07073748

$124,900—
DateEvent & SourcePrice
04/14/2026

Listed (Active)

MRED #12613880

$349,900
08/31/2020

Sold

MRED #10760430

$274,900
08/07/2020

Sold (Public Record)

Public Record #680636464

$275,000

+96.1% / yr

06/29/2020

Pending

MRED #10760430

—
06/25/2020

Listed (Active)

MRED #10760430

$274,900
04/26/2019

Sold

MRED #10330639

$115,000
04/22/2019

Sold (Public Record)

Public Record #643988481

$115,000
04/08/2019

Pending

MRED #10330639

—
04/03/2019

Listed (Active)

MRED #10330639

$126,000
04/03/2019

Cancelled

MRED #10300900

$126,000
03/07/2019

Cancelled

MRED #10276156

$139,900
03/07/2019

Listed (Active)

MRED #10300900

$137,000
02/19/2019

Listed (Active)

MRED #10276156

$139,900
02/17/2019

Cancelled

MRED #10254731

$159,999
02/09/2019

Listed (Active)

MRED #10254731

$159,999
05/02/2013

Cancelled

MRED #08054262

$33,000
11/08/2012

Listed (Active)

MRED #08054262

$45,000
04/20/2009

Cancelled

MRED #07073748

$109,900
11/14/2008

Listed (Active)

MRED #07073748

$124,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4844 West Rice Street

Taxable ValueLand$2,873Additions$20,126Total$22,999
Tax Record2023$4,853 ($404 / month)
Home Facts
Baths2Total Finished SqFt3,034 SqFtAbove Grade Finished SqFt3,034 SqFtStories2Lot Size3,025 SqFtStyleMulti-Family Res (5+ Units)Year Built1913CountyCOOKAPN16-04-428-022

Schools near 4844 West Rice Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
McNair School of Excellence
Public - PK to 8
Orr Academy High School
Public - 9 to 12
Art in Motion Charter School
Charter - 7 to 12
York Alternative High School
Public - 9 to 12
Rating
School
Distance
McNair School of Excellence
PublicPK to 8

Orr Academy High School
Public9 to 12

Art in Motion Charter School
Charter7 to 12

York Alternative High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 4844 West Rice Street, Chicago, IL 60651

4844 West Rice Street is a multi-family home for sale in Chicago, IL 60651. This property was listed for sale on April 14, 2026 by EXIT Strategy Realty, it's currently listed at $349,900. It has been on the market for a total of 4 days and was last sold on August 31, 2020. This listing's school district is Chicago Public Schools. Nearby schools include McNair School of Excellence, Orr Academy High School and Art in Motion Charter School. 4844 West Rice Street is a 4-bed, 2-bath, 1,784 sqft multi-family home built in 1913.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXIT Strategy Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 04/16/2026 02:08 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.