4339 W Monroe St Chicago, IL 60624
Garfield Park NeighborhoodEstimated payment $2,146/month
About This Home
Classic Chicago Greystone two-flat in fast-rising West Garfield Park with RT-4 zoning and potential ADU eligibility-an exceptional, high-upside opportunity delivered with full architectural plans, drawings, and permits. Major improvements are already complete, including a newer roof with an added protective layer, all-new plumbing (city-passed), and all-new electrical (awaiting final approval). Each oversized unit-4BR/2BA up and 3BR/2BA down-offers approximately 1,600 sq ft with soaring ceilings, brand-new hardwood floors, updated bathrooms, and washer/dryer hookups in every unit, including the basement. The walkout basement (~2,100 sq ft with 7.5-ft ceilings and a full bath) is primed to become either a duplex-down, a fully legal third unit under existing RT-4 zoning (no upzoning required), or a potential ADU conversion unit for an owner-occupant. ARV is estimated at $456,000 as a two-flat and $505,000 as a three-unit, with strong rental comps showing demand for ~$2,350/month for 4BR/2BA units and ~$1,892/month for 3BR/2BA units. The home requires only minimal finishing work-with kitchen cabinets for Unit 1, bathroom tile, and drywall materials included on-site to complete the remaining finishes-and also features a two-car garage, convenient access to I-290 and CTA, and proximity to the rapidly expanding United Center redevelopment. The seller, a professional remodeling contractor, is not distressed and is offering a $10,000 closing credit, making this a rare, near-turnkey Greystone with tremendous equity and income potential for both investors and house hackers.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,117
Year Built
- Built in 1903 | Remodeled in 2025
Parking
- 2 Car Garage
- Parking Included in Price
Home Design
- Greystone Architecture
- Brick Exterior Construction
- Stone Siding
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Potential Bedrooms
- 5 Bathrooms
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 25 x 139
Community Details
- 2 Units
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/26/2025 11/26/25 | Pending | -- | -- | -- |
| 10/29/2025 10/29/25 | For Sale | $375,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12507038
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