For Sale Multi-Family MLS# 12762987

4051 W Monroe Street

Chicago, IL 60624

$449,900

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About 4051 W Monroe Street

**Solid investment opportunity in West Garfield Park!** This 2-flat with a finished garden-level unit offers three occupied units and strong income potential. The first-floor unit features 3 bedrooms and 1 bath, was renovated in 2024, and currently rents for $1,200/month MTM, due on the 15th. The second-floor 3-bedroom, 1-bath unit rents for $950/month MTM, due on the 1st. The newly renovated 2026 garden-level unit offers 2 bedrooms and 1 bath and rents for $925/month, with the current lease expiring November 2026. Tenants pay all utilities. Each unit has its own furnace and thermostat. The garden unit has its own hot water heater located within the unit, while the hot water heaters serving the first and second floors are located in the common mechanical area on the lower level. Two tenants are long-term. Coin-operated washer and dryer generate approximately $30/month in additional income. Two-car garage included.

Property details

Property

Type
multi
Year built
1901

Schools

District
Chicago Public School District 299

Location

Subdivision
West Garfield Park
Neighborhood
West Garfield Park

Location

Neighborhood
West Garfield Park
School district
Chicago Public School District 299

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Listed by Gina Purdy, Baird & Warner

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.