4849 S Chicago Street, Seattle, WA 98118, Seattle, 98118 - 2 bed, 2 bath
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Seattle, WA 98118
This Turnkey Townhome represents a High-Potential Investment Opportunity, listed at $439,500—positioned well below the $448,957 Fair Market Value by 2%. This valuation gap offers $9,457 in Instant Equity. With a Good Condition Rating and recent updates like new LVP flooring, this property provides immediate rental flexibility with no rental caps. Its proximity to the Light Rail and downtown Seattle ensures strong demand, making it an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking urban convenience.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4849 S Chicago Street Subject | $439,500 | 2 | 2 | 1,100 | $412 | - |
A 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.
Property is move-in ready.
Built in 2013, this 13-year-old property falls within the 10-20 year range for 'Good' condition. It is well-maintained and move-in ready, featuring recent cosmetic updates including new LVP flooring and new carpet as noted in the description and images.
The absence of rental caps and the allowance of short-term rentals provide exceptional flexibility for investors or homeowners seeking future income potential in a restrictive market.
Located just blocks from the Light Rail with easy access to I-5, this property offers an effortless commute to downtown Seattle, the airport, and nearby urban hubs.
Built in 2013 and recently updated with new LVP flooring and carpet, this light-filled home features a functional layout and a rare oversized one-car garage.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1066, living area = 1100.
The property is served by schools with mixed performance ratings, particularly the local high school and elementary school, which may be a concern for education-focused buyers.
With a lot size of approximately 1,066 square feet, the property offers minimal private yard or outdoor living space, a common trade-off for high-density urban townhomes.
Not a condo. No rental cap. Short-term rentals allowed. Pet-friendly. Small HOA with low quarterly dues. This is the kind of flexibility that's getting harder and harder to find in Seattle. Located in Brighton, this light-filled townhome offers all the benefits of ownership without the restrictions that often come with condo living. Whether you're looking for a primary residence, long-term rental, or short-term rental investment, this property gives you options. Inside, you'll find a functional floorplan with two generously sized bedrooms and bathrooms, new carpet, new LVP flooring, and ample storage throughout. An oversized one-car garage with additional storage makes city living even easier. Just blocks from the Light Rail with easy access to I-5, downtown Seattle, the airport, Seward Park, and Columbia City, you can leave your car parked and take advantage of the many nearby transit options or enjoy an easy commute in every direction. Affordable urban living with the flexibility, convenience, and long-term potential that buyers are looking for.
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades PK-5 • 0.7 mi
No sensitive facilities data found.
Jun 4, 2026
$439,500
Initial Listing