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Rich Ayers

rich@ayersteam.com +1(630) 430-5927

$475,000

Est. payment - /mo

8 Beds

3 Baths

3,920 Sqft Lot

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Sat Oct 11, 12:00pm - 2:00pm

Sun Oct 12, 12:00pm - 2:00pm

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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12454732

Bedrooms 8

Year Built 1913

Annual Tax Amount $4,642

Tax Year 2023

Lot Size 3,920 Sqft

Lot Dimensions 25 X 125

Property Sub-Type Two to Four Units

Property Description

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.

Location

State IL

County Cook

Area Chi - Austin

Rooms

Basement Finished, Full

Interior

Heating Natural Gas

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer, Storm Sewer

Water Lake Michigan, Public

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

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Listed by Cierra Thurman of Keller Williams ONEChicago

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Rich Ayers

+1(630) 430-5927

Team Lead | Realtor | License ID: 471.001732

Team Lead | Realtor License ID: 471.001732

4704 W Monroe ST Chicago, IL 60644

Rich Ayers

Open House

Key Details

Location

Rooms

Interior

Building

Schools

Others

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4704 W Monroe ST