4348 W Monroe Street, Chicago, Cook County, IL, 60624 Chicago IL US

Prime investment opportunity in West Garfield Park graystone. This expansive 2 flat with garden unit features a rare 11 beds and 3 baths. 1st and 2nd unit combined total 2500+ sqft of living space. The 1st floor unit is occupied with great tenants who pay on time every month! Offering 4 bedrooms and 1 bath and currently rented at $1,600 per month plus utilities. The vacant 2nd floor unit offers 5 bedrooms and 1 bath and was previously rented at market for $1750 or $1850 through Section 8, plus utilities. The garden unit has front and rear exits with 2 beds and 1 bath. Currently vacant but previously rented at market for $1,300 per month with utilities included. The property is secured with rod iron fence and gated parking at the rear with room for 5 cars. Phenomenal income potential - the building pays for itself plus the current owner's mortgage. Minimum 6% Cap Rate potential. Recent updates include full gut rehab in the basement, 2nd floor new kitchen, new bath, new flooring and freshly painted. New roof, tuckpointing, rear porch and front fence (2018). The roof was also recoated in 2020. Conveniently located just minutes to Garfield Park, I290 and Pulaski Blue Line stop. Perfect for an investor or owner occupant looking to live for free while tenants pay the mortgage. Easy to show with 24 hour notice- schedule a viewing today! A preferred lender offers a reduced interest rate for this listing. Find out more about this property. Request details here