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New Construction 3 unit in Humbolt Park 3401 W Monroe St 3 Unit Apartment Building $719,000 ($239,667/Unit) 7.79% Cap Rate Chicago, IL 60624
Executive Summary
QUALIFIES FOR 20,000 GRANT FROM THE COUNTY. New Construction 3-unit in East Garfield Park. Summer Delivery. This stunning new construction 3-unit property will be completed in Summer 2026. Huge 35x180 ft lot with a garage. The property features 2 bedrooms, 2 bathrooms and separate living/dining rooms on each floor along with off-white designer kitchen cabinets, a large peninsula, quartz counter, stainless appliances and engineered floors throughout. There is a 2-car garage and 1 additional parking. Great investment opportunity! Pictures are taken from another project of the same developer.
Property Facts
| Price | $719,000 | Building Class | C |
| Price Per Unit | $239,667 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 3,750 SF |
| Cap Rate | 7.79% | Average Occupancy | 0% |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2026 |
| Property Subtype | Apartment | Parking Ratio | 0.53/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price | $719,000 |
| Price Per Unit | $239,667 |
| Sale Type | Investment |
| Cap Rate | 7.79% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 3,750 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 2026 |
| Parking Ratio | 0.53/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Picnic Area
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 3 | $2,100 | 1,250 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 16-11-113-044-0000 | Improvements Assessment | $0 |
| Land Assessment | $40,810 | Total Assessment | $40,810 |
Property Taxes
Parcel Number
16-11-113-044-0000
Land Assessment
$40,810
Improvements Assessment
$0
Total Assessment
$40,810
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Street
Map
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Contact the Sale Advisor
New Construction 3 unit in Humbolt Park | 3401 W Monroe St