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$500,000

  • For Sale
  • Active
  • Commercial
  • Updated 2 days ago

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This newly converted 6-unit multifamily property was redeveloped from top to bottom, from the brand-new garden units to the complete tear-off roof replacement. Each unit features 3 bedrooms and 1 bath, engineered hardwood floors in above-ground units, new mechanicals, stainless steel appliances, tenant-paid utilities, and all the necessary amenities including parking and laundry hookups. All redevelopment was completed in accordance with Chicago City Code with permits in 2022. The developer spared no expense on this turnkey investment opportunity. The property is now fully rented and generating approximately $10,000 GMI, offering immediate stabilized cash flow from day one. There's nothing left to do but make it yours and start earning!!!

Full Property Details for 4138 W Jackson Blvd

General

  • Price: $500,000
  • Taxes: $6,856 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12658684
  • Updated: 6/13/2026
  • Added to Site: 21 day(s) ago

Location

  • Area: CHI - West Garfield Park
  • County: Cook
  • Driving Directions: I290-W TO INDEPENDENCE; LEFT ON JACKSON TO THE PROPERTY

Heating & Cooling

  • Heating Type: Forced Air

Utilities

  • Trash: 1320

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Roof: Membrane, Rubber
  • Stories/Levels: 2
  • Current Bldg. Use: Multi-Family
  • Year Built: 1902
  • Built Before 1978: Yes

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Dimensions: 6050
  • Frontage: City Street
  • Potential Use: Multi-Family
  • Zoning: MULTI

Financial Considerations

  • Insurance Fee: $7,000
  • Operating Expenses: $20,016
  • Assessment Year: 1902
  • Tax Amount: $6,856.3
  • Tax Year: 2024
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Pays Electric: 840
  • Pays Trash: 1320

Disclosures and Reports

  • Property ID: 16152140290000

Listed by MNK Realty Professionals LLC

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— 4138 W Jackson Blvd —

  • MNK Realty Professionals LLC

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

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

Schools serving 4138 W Jackson Blvd

School District:Chicago Public School District 299
NameGradesDistance
Hefferan Elementary School
4409 West Wilcox Street, Chicago, IL 60624
PK-80.3 mi
Marshall Metropolitan High School
3250 West Adams Street, Chicago, IL 60624
12-111.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4138 W Jackson Blvd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/26/2026
Listed
$500,000
233.33%
MLS
6/10/2021
Sold
$150,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4138 W Jackson Blvd

Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,541
—
$34,001
183%
2023
$2,541
3%
$12,000
—
2022
$2,477
2%
$12,000
—
2021
$2,421
-50%
$12,000
-44%
2020
$4,826
-2%
$21,591
-12%
2019
$4,946
2%
$24,536
—
2018
$4,862
51%
$24,536
-1%
2017
$3,210
-10%
$24,678
—
2016
$3,575
4%
$24,678
—
2015
$3,436
1%
$24,678
6%
2014
$3,406
—
$23,301
—
2013
$3,418
—
$23,301
—
2012
$3,414
—
$23,301
—
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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4138 W Jackson Boulevard, Chicago, IL 60624 (MLS# 12658684) is a Commercial property. 4138 W Jackson Boulevard is currently listed for $500,000 and was received on May 26, 2026. Want to learn more about 4138 W Jackson Boulevard? Do you have questions about finding other Commercial 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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