4816 S Chicago Street, Seattle, WA 98118, Seattle, 98118 - 2 bed, 1 bath
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Seattle, WA 98118
Analysis of 4816 S Chicago Street, Seattle, WA 98118 is currently available with a list price of $385,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Seattle Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1915 and over 100 years old with no evidence of renovation, this property meets the criteria for a tear-down. The listing explicitly states it is in need of significant repairs and is best suited for redevelopment, focusing on land value. Exterior images show severe neglect, overgrown vegetation, and a weathered structure.
The 6,232 sq. ft. lot offers a substantial footprint for a new build or major expansion in a high-demand Seattle neighborhood, providing excellent utility for developers.
Priced at $385,000, this property represents a rare, low-cost entry into the Seattle real estate market, specifically targeting investors looking for land value and equity growth.
The property is located within the boundary of Wing Luke Elementary, which carries a strong rating of 8/10, adding significant appeal for future residential resale to families.
The existing 1915 structure is in need of significant repairs and is likely a tear-down, requiring the buyer to factor in substantial demolition or total renovation costs.
The designated high school for this address, Rainier Beach High School, has a rating of 2/10, which may be a deterrent for long-term family buyers focusing on secondary education.
Prime opportunity in a sought-after Seattle location! This 6,232 sq. ft. lot offers incredible potential for redevelopment or a major renovation. The existing 1915-built, 1-story home with 2 bedrooms and 1 bath is in need of significant repairs and may be best suited as a tear-down. With value in the land, bring your vision to create something new in this desirable area. Partially fenced and ready for your next project—don’t miss this chance to invest in Seattle real estate!
No exterior & parking available.
Grades PK-5 • 0.6 mi
Grades K-5 • 0.6 mi
Grades PK-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
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| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1915 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 7, 2026
$385,000
Initial Listing