4838 S Chicago Street C, Seattle, WA 98118, Seattle, 98118 - 2 bed, 2 bath
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4838 S Chicago Street C
Seattle, WA 98118
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,230Sq Ft
1,076Lot Size
Property Price
LIST PRICE$505,000
EST. MARKET VALUE
$519,821
SUMMARY
This Turnkey Townhome represents a Strong Value Opportunity, listed at $515,000—positioned above the $489,458 Fair Market Value. While priced slightly above market, the property offers exceptional flexibility with No HOA and No Rental Caps, making it a versatile asset. Featuring a Good Condition Rating, this 1,230 sq. ft. residence includes an Attached Garage and a Private Patio. Its proximity to light rail transit ensures long-term demand. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in-ready, low-maintenance lifestyle.
Estimated Market Value
$519,821
Based on Realkey algorithm analyzing recent comparable sales in Seattle.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4838 S Chicago Street C Subject | $505,000* List Price | 2 | 2 | 1,230 | $423 | - |
A 4849 S Chicago Street Sold | $439,500 | 2 | 2 | 1,100 | $400 | 0.0 mi |
B 9011 46th Avenue S B Sold | $490,000 | 3 | 2 | 1,020 | $480 | 0.7 mi |
C 9011 46th Avenue S B Sold | $490,000 | 3 | 2 | 1,020 | $480 | 0.7 mi |
D 4838 S Chicago Street C Active | $525,000 List Price | 2 | 2 | 1,230 | $427 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2008, this 16-year-old townhome falls squarely into the 'Good' category. The kitchen and systems are well-maintained and functional, featuring stainless steel appliances and modern mini-split HVAC units. While the finishes appear original to the build date rather than recently renovated, the property is turnkey and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Investment Flexibility
The absence of an HOA and rental caps provides significant freedom for short-term or long-term rental strategies while eliminating monthly association dues.
- Prime Transit Access
Situated within walking distance to the light rail, this property offers exceptional convenience for commuters and enhances long-term property value.
- Turnkey Condition
The home is meticulously maintained and offers the option to include all furnishings, making it an ideal move-in-ready solution for owner-occupants or immediate rental use.
CONSRISKS & DEFICIENCIES
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1076, living area = 1230.
- Restricted Sales Window
The seller's strict 7-day listing period creates a high-pressure environment that may limit a buyer's time for comprehensive inspections or financing appraisals.
- Limited Bathroom Count
With only 1.5 bathrooms for a 1,230 sq. ft. layout, the property may be less competitive than newer townhome developments that typically offer full en-suite bathrooms for each bedroom.
About 4838 S Chicago Street C
MOTIVATED SELLERS!—an exceptional opportunity for qualified buyers! Completely turnkey and move-in ready, this beautifully maintained 2-bedroom, 1.5-bath townhome offers 1,230 sq ft of bright, comfortable living, a spacious floor plan, and an attached garage. Price reduced and packed with value! A completed pre-inspection is available, providing buyers added peace of mind and transparency. Enjoy the flexibility of NO HOA and NO RENTAL CAP, making this property appealing to owner-occupants and investors alike. Furnishings may also be included with an acceptable offer, creating a truly turnkey option for a buyer seeking a furnished home. Conveniently located just minutes from light rail, making commuting and access to the surrounding area easy. The combination of seller financing, only 10% minimum down, price improvement, pre-inspection, attached garage, no HOA, no rental cap, and optional furnishings makes this opportunity hard to duplicate. Buyer to verify financing terms, intended use, and all rental regulations. Easy to show—bring your buyers before this one is gone!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2008
- Lot Size
- 1,076 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,230 | 1,803.474 |
| Lot Size | 1,076 | 4,544.116 |
| Price | $505.0K | $978.6K |
| Price per sq ft | $411 | $570 |
| Built year | 2008 | 1949 |
| HOA | $0 | $68 |
| Days on market | 63 | 36 |
Pricing History
Listed for Sale
Aug 11, 2026
$505,000
$515,000
-2% Price Drop
Initial Listing
Price Change
Jul 8, 2026
$515,000
Initial Listing