4051 W Monroe St Chicago, IL 60624
Garfield Park NeighborhoodEstimated payment $3,471/month
About This Home
**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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,243
Year Built
- Built in 1901
Parking
- 2 Car Detached Garage
- Parking Available
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Potential Bedrooms
- 3 Bathrooms
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
- Gas Water Heater
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 25 x 121
Community Details
- 3 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,694 | $26,000 | $4,386 | $21,614 |
| 2024 | $1,694 | $26,000 | $4,386 | $21,614 |
| 2023 | $1,651 | $8,002 | $3,554 | $4,448 |
| 2022 | $1,651 | $8,002 | $3,554 | $4,448 |
| 2021 | $1,614 | $8,002 | $3,554 | $4,448 |
| 2020 | $3,297 | $14,752 | $3,554 | $11,198 |
| 2019 | $3,379 | $16,764 | $3,554 | $13,210 |
| 2018 | $3,322 | $16,764 | $3,554 | $13,210 |
| 2017 | $3,917 | $18,135 | $3,176 | $14,959 |
| 2016 | $4,011 | $20,026 | $3,176 | $16,850 |
| 2015 | $3,670 | $20,026 | $3,176 | $16,850 |
| 2014 | $3,068 | $16,534 | $3,025 | $13,509 |
| 2013 | $3,007 | $16,534 | $3,025 | $13,509 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/28/2026 08/28/26 | For Sale | $549,900 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Attorney | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $220,000 | Multiple | |
| Warranty Deed | $70,000 | -- | |
| Warranty Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $165,000 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12745765
APN: 16152070480000
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.