4838 S Chicago Street C, Seattle, WA 98118, Seattle, 98118 - 2 bed, 2 bath
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Seattle, WA 98118
This Turnkey Modern Residence is a Strong Value Opportunity, listed at $525,000—positioned well below the $534,223 Fair Market Value by 1%. This valuation gap offers $9,223 in Instant Equity. Boasting a Good Condition Rating, the home features A/C, an attached garage, and a private patio. With no HOA and Airbnb flexibility, it balances lifestyle with high rental demand near Wing Luke Elementary (Rating 8) and Rainier Beach High. This is an ideal opportunity for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4838 S Chicago Street C Subject | $525,000* List Price | 2 | 2 | 1,230 | $434 | - |
A 4706 S Morgan Street Active | $599,000 List Price | 2 | 2 | 1,215 | $493 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2008, this property falls within the 10-20 year age range for a 'good' rating. The home is in move-in ready, turnkey condition with well-maintained hardwood flooring, clean carpets, and updated features like a mini-split A/C system. While the kitchen retains some original 2000s-style elements such as tiled countertops and flat-panel cabinetry, the stainless steel appliances and overall maintenance level indicate no immediate need for renovation.
With no HOA, no rental cap, and Airbnb eligibility, this property offers exceptional versatility for both long-term rental income and short-term vacation hosting in a high-demand market.
Situated within walking distance to the light rail, the home provides effortless transit access to downtown Seattle and the airport, a premium feature for urban professionals and renters.
The home is meticulously maintained and includes modern essentials like A/C and an attached garage, with the option for furniture to remain for a seamless move-in or immediate rental opportunity.
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.
Featuring only 1.5 bathrooms for a 1,230 sq ft layout, the lack of a second full bath may be a drawback for buyers prioritizing privacy in shared living or roommate arrangements.
The compact lot size of 1,076 sq ft indicates a vertical footprint with negligible private yard or garden space, which may limit appeal for pet owners or those seeking outdoor utility.
Completely turnkey with NO HOA! This well-maintained 2-bedroom, 1.5-bath home offers 1,230 sq ft of comfortable and functional living space designed to accommodate a variety of lifestyles. Being sold fully furnished, this property presents a seamless opportunity for immediate occupancy, long-term rental, or potential short-term rental use (buyer to verify all local regulations). ThIs property is now an Active Airbnb. The spacious floor plan lives larger than expected, with inviting living areas that flow easily for everyday living or hosting. The kitchen offers ample storage and workspace, while both bedrooms provide comfortable retreats. An attached garage adds convenience, extra storage, and everyday practicality. The home also features air conditioning for year-round comfort. Positioned in a location that supports accessibility, this home is within walking distance to light rail and public transportation, making commuting and city access simple and efficient. This added convenience may appeal to both occupants and tenants alike. With no HOA restrictions, flexible use potential, and move-in ready condition, this property may be a strong option for buyers seeking a primary residence, second home, or an investment opportunity. A thoughtfully maintained home offering comfort, convenience, and versatility from day one.
No exterior & parking available.
Grades PK-5 • 0.6 mi
Grades K-5 • 0.7 mi
Grades PK-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 2008 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Mar 6, 2026
$525,000
Initial Listing