**Solid investment opportunity in West Garfield Park!** This 2-flat with a finished garden-level unit offers three occupied units and strong income potential. The first-floor unit features 3 bedrooms and 1 bath, was renovated in 2024, and currently rents for $1,200/month MTM, due on the 15th. The second-floor 3-bedroom, 1-bath unit rents for $950/month MTM, due on the 1st. The newly renovated 2026 garden-level unit offers 2 bedrooms and 1 bath and rents for $925/month, with the current lease expiring November 2026. Tenants pay all utilities. Each unit has its own furnace and thermostat. The garden unit has its own hot water heater located within the unit, while the hot water heaters serving the first and second floors are located in the common mechanical area on the lower level. Two tenants are long-term. Coin-operated washer and dryer generate approximately $30/month in additional income. Two-car garage included.
New
$549,900
4051 W Monroe St, Chicago, IL 60624
8beds
--sqft
Multi Family
Built in 1901
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Two-car garage includedFinished garden-level unitCoin-operated washer and dryer
- --
- 37
- views
- 2
- saves
Zillow last checked:
Listing updated:
Listed by:
Gina Purdy 773-318-7945,
Baird & Warner
Source: MRED as distributed by MLS GRID,MLS#: 12745765
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas
Appliances
- Included: Gas Water Heater
Features
- Basement: Finished,Full
Property
Parking
- Total spaces: 2
- Parking features: Yes, Detached, Garage
- Garage spaces: 2
Lot
- Size: 3,025 Square Feet
- Dimensions: 25 x 121
Details
- Parcel number: 16152070480000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1901
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $260,000
- Annual tax amount: $5,242
- Date on market: 8/28/2026
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/28/2020 | Listing removed | $950 |
Source: Go Section8 Report a problem | ||
| 6/17/2020 | Listed for rent | $950 |
Source: Go Section8 Report a problem | ||
| 4/8/2005 | Sold | $220,000+214.3% |
Source: Public Record Report a problem | ||
| 1/6/2000 | Sold | $70,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,243 +209.5% | $26,000 +224.9% |
| 2023 | $1,694 +2.6% | $8,002 |
| 2022 | $1,651 +2.3% | $8,002 |
| 2021 | $1,614 -51% | $8,002 -45.8% |
| 2020 | $3,297 -2.4% | $14,752 -12% |
| 2019 | $3,379 +1.7% | $16,764 |
| 2018 | $3,322 -15.2% | $16,764 -7.6% |
| 2017 | $3,917 -2.3% | $18,135 -9.4% |
| 2016 | $4,011 +9.3% | $20,026 |
| 2015 | $3,670 +19.6% | $20,026 +21.1% |
| 2014 | $3,068 +2% | $16,534 |
| 2013 | $3,007 -17.9% | $16,534 -19% |
| 2012 | $3,662 +0.7% | $20,406 -9% |
| 2011 | $3,635 -0.4% | $22,433 |
| 2010 | $3,650 +4.4% | $22,433 |
| 2009 | $3,498 +10.8% | $22,433 +2% |
| 2008 | $3,156 +1% | $22,000 |
| 2007 | $3,125 -1.1% | $22,000 |
| 2006 | $3,158 +15.1% | $22,000 +31.1% |
| 2005 | $2,743 +1% | $16,787 |
| 2004 | $2,715 +2.2% | $16,787 |
| 2003 | $2,656 -15.8% | $16,787 -4.4% |
| 2002 | $3,153 +17.3% | $17,552 |
| 2001 | $2,689 +100% | $17,552 |
| 2000 | $1,345 | $17,552 +150.7% |
| 1999 | $1,345 | $7,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: West Garfield Park
Nearby schools
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