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$549,900 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
  • 2 Car Garage
  • Updated 3 hours ago
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**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.

Full Property Details for 4051 W Monroe St

General

  • Price: $549,900
  • Taxes: $5,242 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12745765

Interior

  • Basement: Finished, F

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Upper - Full Baths: 3

Bedrooms

  • Total Bedrooms: 8

Additional Information

  • Equipment: Water Heater-Gas
  • Other Features: Commuter Bus

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Features: Yes, Detached, Garage

Location

  • Area: CHI - West Garfield Park
  • County: Cook
  • Township: West Chicago
  • Driving Directions: Pulaski (4000 W) to Monroe (100 S), west to property.

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Finished, Full
  • Year Built: 1901
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 3

Lot Features

  • Lot Size Range: Standard Chicago Lot
  • Lot Dimensions: 25 x 121

Financial Considerations

  • Assessment Year: 1901
  • Tax Amount: $5,242.91
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 16152070480000

Listed by Baird & Warner

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Listing agent

— 4051 W Monroe St —

  • Baird & Warner

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 4051 W Monroe St

School District:Chicago Public School District 299
NameGradesDistance
Melody Elementary School
3937 West Wilcox Street, Chicago, IL 60624
K-80.2 mi
Marshall Metropolitan High School
3250 West Adams Street, Chicago, IL 60624
12-111.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Tax History for 4051 W Monroe St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,694
—
$26,000
225%
2023
$1,694
3%
$8,002
—
2022
$1,651
2%
$8,002
—
2021
$1,614
-51%
$8,002
-46%
2020
$3,297
-2%
$14,752
-12%
2019
$3,379
2%
$16,764
—
2018
$3,322
-15%
$16,764
-8%
2017
$3,917
-2%
$18,135
-9%
2016
$4,011
9%
$20,026
—
2015
$3,670
20%
$20,026
21%
2014
$3,068
2%
$16,534
—
2013
$3,007
-18%
$16,534
-19%
2012
$3,662
—
$20,406
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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4051 W Monroe Street, Chicago, IL 60624 (MLS# 12745765) is a Multi-Family property with 3 units containing 8 bedrooms and 0 full bathrooms. 4051 W Monroe Street is currently listed for $549,900 and was received on August 28, 2026. Want to learn more about 4051 W Monroe Street? Do you have questions about finding other Multi-Family real estate for sale in West Garfield Park? You can browse all West Garfield Park real estate or contact a Coldwell Banker agent to request more information.

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