Coming Soon Multi-Unit in Uptown
4841 N Kenmore Ave
2-Flat | $799,000
Unit 1: 2 Bed | 1 Bath
Unit 2: 3 Bed | 1 Bath
Classic Chicago architecture meets opportunity in this Victorian Greystone 2-flat, ideally positioned on an expansive double lot in the heart of Uptown. Offering both investment potential and owner-occupant flexibility, this property blends timeless character with strong income possibilities.
Each unit showcases beautiful vintage details, including hardwood floors throughout, extra-large windows that fill the spaces with natural light, decorative fireplaces with tile surrounds, and architectural elements such as bay windows, intricate moldings, and built-in bookshelves.
The main level unit features two bedrooms and one full bath, along with a spacious living room that opens to a formal dining room through classic pocket doors. The kitchen offers abundant counter space and flows into a bright breakfast room overlooking the backyard. A full hall bath with a claw-foot tub adds to the home’s historic charm.
The second-floor unit includes three bedrooms and one full bath, with an open living and dining area and a light-filled kitchen featuring white cabinetry and a dedicated breakfast space, ideal for everyday living or entertaining.
A full unfinished lower level provides shared laundry, generous storage, and excellent potential for future expansion or additional living space.
Situated just moments from Montrose Beach and Park, the lakefront, and Uptown’s vibrant entertainment and dining scene, the location offers both lifestyle and convenience. Easy access to the Purple Line, Lake Shore Drive, and nearby neighborhood amenities makes commuting throughout the city seamless.
Interested in This Home?
If you would like more information on this home, want to schedule a showing, or have other real estate questions, please reach out.
Uptown Neighborhood Snapshot
Neighborhood data helps buyers understand the market context around a home.
Neighborhood: Uptown, Chicago
Property Type: Multi-unit (2-flat)
Typical Price Range for 2-Flats: Approximately $600K to $1M+ depending on condition, lot size, and proximity to the lake
Transit Access: CTA Red and Purple Lines, multiple bus routes, and Lake Shore Drive access
Neighborhood Highlights: Montrose Beach, Montrose Harbor, Uptown Theatre, Aragon Ballroom, North Broadway dining and entertainment corridor
Lifestyle: A vibrant lakefront neighborhood known for historic architecture, music venues, cultural diversity, and easy access to outdoor recreation
For buyers researching the broader market, you can also explore Chicago real estate market data on our website to better understand pricing trends, rental potential, and neighborhood demand.
This Property Is Ideal for Buyers Looking For
An investment property with rental income potential
An owner-occupant opportunity with income from a second unit
A classic Chicago Greystone with original architectural details
A double lot with added outdoor space and long-term upside
Proximity to the lakefront, parks, and public transportation
Frequently Asked Questions
What is a 2-flat in Chicago?
A 2-flat is a multi-unit residential building with two separate living units, often allowing owners to live in one unit while renting the other.
Is Uptown a good area for investment properties?
Yes. Uptown offers strong rental demand due to its lakefront access, public transportation, entertainment venues, and diverse housing options.
Can you live in one unit and rent the other?
Yes. Many buyers purchase 2-flats as owner-occupied investments, using rental income from the second unit to offset their mortgage.
What transportation options are available in Uptown?
Uptown offers CTA Red and Purple Line access, multiple bus routes, and quick connections to Lake Shore Drive for easy commuting.
Busby Group Market Intelligence
At Busby Group, we closely track neighborhood-level housing data across Chicagoland to help our clients make informed decisions.
Our team analyzes:
Inventory trends by neighborhood and property type
Rental demand and income potential
Days on market and absorption rates
Buyer demand patterns and multi-offer activity
Off-market and private network opportunities
With over $1B in career sales and nearly 25 years of experience, Busby Group combines hyper-local expertise with real-time market insight to guide buyers and sellers throughout Chicago and the surrounding suburbs.
If you would like custom market data for Uptown or multi-unit investment properties, we would be happy to share it. Contact us.