4051 W Monroe Street,Chicago, IL 60624
Chicago, IL 60624
Description
**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.
Details
| MLS # | 12762987 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1901 |
| Days On Site | 13 |
| Listing Provided By | Baird & Warner | Gina Purdy |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 3 |
| Garage | 2 |
| Basement | Y |
Interior
| Rooms Total | 16 |
|---|---|
| Heating | Natural Gas |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Parking Features | Yes, Detached, Garage |
|---|---|
| Garage Spaces | 2 |
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 5242.91 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60624 |
| Area | CHI West Garfield Park |
| Listing VS Median (in 60624) | |
Price: $499,900 low | high Med: $199,450 On site: 13 low | high Med: 103.5 | |
Market Activity 60624
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60624 |
| Area | CHI West Garfield Park |
| Listing VS Median (in 60624) | |
Price: $499,900 low | high Med: $199,450 On site: 13 low | high Med: 103.5 | |
