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.
New
$495,000
4704 W Monroe St, Chicago, IL 60644
8beds
--sqft
Est.:
Multi Family
Built in 1913
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Updated bathroomsSeparate heatingIn-unit laundry
- 23 hours
- on Zillow |
- 105 |
- 16 |
Zillow last checked: 7 hours ago
Listing updated: August 27, 2025 at 08:56am
Listing courtesy of:
Cierra Thurman 708-595-9889,
Keller Williams ONEChicago
Source: MRED as distributed by MLS GRID,MLS#: 12454732

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Open houses
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas
Features
- Basement: Finished,Full
Property
Lot
- Size: 3,920.4 Square Feet
- Dimensions: 25 X 125
Details
- Parcel number: 16151000380000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1913
- Major remodel year: 2025
Utilities & green energy
- Sewer: Public Sewer, Storm Sewer
- Water: Lake Michigan, Public
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Annual tax amount: $4,642
- Date on market: 8/27/2025
- Ownership: Fee Simple
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