4704 W Monroe ST Open House Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60644
OPEN HOUSE
Sat Aug 30, 12:00pm - 2:00pm Sun Aug 31, 12:00pm - 2:00pm
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12454732
Bedrooms 8
Year Built 1913
Annual Tax Amount $4,642
Tax Year 2023
Lot Size 3,920 Sqft
Property Sub-Type Two to Four Units
Property Description
Investment opportunity in the vibrant Austin Neighborhood, just blocks from Oak Park! This refurbished legal 2-flat features three rental units: two 3-bedroom/1-bath units and a garden unit with 2 bedrooms and 1 bath. Each unit boasts updated bathrooms, gourmet kitchens with stainless steel appliances, and in-unit laundry. The lower-level unit has egress and ample storage, making it ideal for buyers seeking a turnkey investment. With a current garden tenant on a month-to-month lease and no leases in the vacant units 1 and 2, the income potential is substantial-estimated at $7k per month. Healthy rental comps show rents up to $2,375 for 3-bed units without parking. This property is perfect for owner-occupants or investors looking to capitalize on a strong rental market. Each unit has separate heating and in-unit washer/dryer hookups. Please note: the legality of the garden unit is not warranted by the seller.
Location
State IL
County Cook
Area Chi - Austin
Interior
Heating Natural Gas
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer,Storm Sewer
Water Lake Michigan,Public
Structure Type Brick
New Construction false
Schools
School District 299 ,299, 299
Others
Special Listing Condition None