1449 – 51 W Garfield Boulevard
Chicago, IL, 60636
$674,900
2 Beds
1 Baths
0 SqFt
0.13 Acres
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MLS #MRD12688777 image #0
SELLER APPROVED $25,000 PRICE REDUCTION EFFECTIVE IMMEDIATELY!!! investment opportunity to acquire a well-maintained six-unit brick apartment building located on Chicago’s historic Garfield Boulevard. This legal six-flat features six spacious 2-bedroom, 1-bath apartments comprising approximately 8,028 square feet of living space on a 6,000-square-foot lot. Each apartment offers generous room sizes, separate living and dining rooms, hardwood flooring and individual gas-forced air furnaces. Tenants pay their own heat, gas and electricity, providing attractive operating efficiency and reduced owner expenses. The property enjoys a strong rental history with long-term tenants and immediate income-producing potential. Current rents range from $1,000 to $1,150 per month, with additional upside through future rental adjustments. Numerous recent capital improvements enhance the property’s value, including a new electrical service (2026), two new sump pumps (2026), repaired/replaced front porch lintels (2026), new basement flooring (2026), and a modified bitumen roof installed in approximately 2018 that is professionally inspected annually and maintained with a protective silver coating. Additional features include a spacious rear yard, five off-street parking spaces, full basement, and an excellent location with convenient access to CTA public transportation, Interstate 94 (Dan Ryan Expressway), Sherman Park, schools, shopping, restaurants, and Downtown Chicago. Whether expanding an investment portfolio or acquiring a stabilized multifamily asset with long-term appreciation potential, this property presents an exceptional opportunity in today’s Chicago multifamily market.

Property Details

Price:
$674,900
MLS #:
MRD12688777
Status:
Active
Beds:
2
Baths:
1
Type:
Commercial
Neighborhood:
chiwestenglewood
Listed Date:
Jun 25, 2026
Total Sq Ft:
8,028
Year Built:
1912
Chi – West EnglewoodChiwestenglewood

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Schools

Interior

Cooling
None

Exterior

Construction Materials
Brick
Stories
3

Financial

Maintenance Fee
$2,700
Net Operating Income
$77,400
Tax Year
2023
Taxes
$3,165

Map

Community

Market Summary

Current real estate data for Commercial in Chicago as of Oct 04, 2026
906
Commercial Listed
185
Avg DOM
$1,021,515
Avg List Price

Property Summary

    1449 – 51 W Garfield Boulevard Chicago IL is a Commercial for sale in Chicago, IL, 60636. It is listed for $674,900

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