4051 W Monroe Street
Chicago, IL, 60624
$499,900
8 Beds
3 Baths
0 SqFt
0 Acres
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MLS #MRD12762987 image #0
**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

Price:
$499,900
MLS #:
MRD12762987
Status:
Active
Beds:
8
Baths:
3
Type:
Multi Family
Neighborhood:
chiwestgarfieldpark
Listed Date:
Sep 17, 2026
Year Built:
1901
Chi – West Garfield ParkChiwestgarfieldpark

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Schools

School District:
299

Interior

Heating
Natural Gas

Exterior

Construction Materials
Brick
Garage Spaces
2
Parking Features
Yes, Detached, Garage
Parking Spots
2
Parking Total
2

Financial

Tax Year
2024
Taxes
$5,243

Map

Community

Market Summary

Current real estate data for Multi Family in Chicago as of Oct 12, 2026
1,350
Multi Family Listed
77
Avg DOM
$525,373
Avg List Price

Property Summary

    4051 W Monroe Street Chicago IL is a Multi Family for sale in Chicago, IL, 60624. It is listed for $499,900

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