4051 W Monroe Street, Chicago, IL 60624

Chicago
Local realty services provided by:ERA Naper Realty
4051 W Monroe Street,Chicago, IL 60624
$499,900
  • 8 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: gina purdy
Office: baird & warner
MLS#:12762987
Source:MLSNI

Price summary

  • Price:$499,900

About this home

**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.

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Home facts

  • Year built:1901
  • Listing ID #:12762987
  • Updated:September 26, 2026 at 11:33 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:16
  • Basement Description:Finished, Full

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1901

Utilities

  • Water:Lake Michigan
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$499,900
  • Tax amount:$5,243 (2024)

Parking

  • Total parking spaces:2
  • Parking description:Detached Garage, Garage
  • Garage:Yes
  • Garage spaces:2
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