4704 Monroe·Chicago, IL 60644
8Bedrooms
3Bathrooms
1913Year Built

About This Home

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.

MLS# MRD12454732Listed August 27, 2025Residential Income

Property Details

Beds & Baths

Total Bedrooms8
Total Bathrooms3
Total Rooms11

Size & Structure

Year Built1913
Lot Size0.090 acres

Location

CountyCook
TownshipWest Chicago
Zip Code60644

Financial

List Price$475,000
Original Price$495,000
Annual Taxes (2023)$4,642
Monthly Tax Est.$387
Parcel #16151000380000

Interior Features

Heating

Natural Gas

Basement

FinishedFull

Exterior & Lot

Construction Materials

Brick

Utilities & Parking

Sewer

Public SewerStorm Sewer

Water Source

Lake MichiganPublic

Tax & Financial Info

Annual Taxes
$4,642
Tax Year 2023
Monthly Tax Est.
$387
per month
Price Reduced by $20,000
Original list price: $495,000

Property Location

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4704 Monroe, Chicago, IL 60644Cook County

$475,000
4704 Monroe
8 bd3 ba
VL
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Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts

59 days on market
0.090 acres
$4,642/yr taxes
Price reduced $20,000
$2,883
estimated monthly payment
Principal & Interest
$2,496/mo
Property Tax
$387/mo
$475,000
20% — $95,000
3%50%
6.875%
3%12%
Loan Amount
$380,000
Down Payment
$95,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Keller Williams ONEChicago
Agent: Cierra Thurman
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Equal Housing Opportunity

Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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