About 4704 West Monroe Street
MOTIVATED SELLER! 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.
Features of 4704 West Monroe Street
| MLS® # | 12454732 |
|---|---|
| Price | $475,000 |
| Bedrooms | 8 |
| Bathrooms | 3.00 |
| Acres | 0.09 |
| Year Built | 1913 |
| Type | Residential Income |
| Sub-Type | Two to Four Units |
| Status | Active |
Community Information
| Address | 4704 West Monroe Street |
|---|---|
| Area | CHI - Austin |
| City | Chicago |
| County | Cook |
| State | IL |
| Zip Code | 60644 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Natural Gas |
|---|---|
| Fireplace | No |
| Has Basement | Yes |
| Basement | Finished, Full |
Exterior
| Exterior | Brick |
|---|
School Information
| District | 299 |
|---|
Additional Information
| Days on Market | 49 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams ONEChicago |
|---|---|
| Contact Info | 312-216-2422 |