4704 W Monroe Street, Chicago, IL 60644
Local realty services provided by:Better Homes and Gardens Real Estate Connections



4704 W Monroe Street,Chicago, IL 60644
$495,000
- 8 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:cierra thurman
Office:keller williams onechicago
MLS#:12454732
Source:MLSNI
Price summary
- Price:$495,000
About this home
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.
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Home facts
- Year built:1913
- Listing Id #:12454732
- Added:1 day(s) ago
- Updated:August 27, 2025 at 04:38 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:3
- Full bathrooms:3
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1913
- Lot area:0.09 Acres
Utilities
- Water:Lake Michigan, Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$495,000
- Tax amount:$4,642 (2023)
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