Log In/Sign Up
Your email has been sent.
4459 W Jackson Blvd 9 Unit Apartment Building $700,000 ($77,778/Unit) 9.02% Cap Rate Chicago, IL 60624
Investment Highlights
- Solid brick 9-unit multifamily building in West Garfield Park
- Significant upside through rent increases and/or Section 8 conversions
- Strong rental history with consistent cash flow
Executive Summary
4459 W Jackson Blvd is a solid brick 9-unit building located in the West Garfield Park neighborhood. The building features three tiers of units with a mix of 2 bed / 1 bath and 1 bed / 1 bath unit apartments. They include hardwood floors, gas forced-air heat, and individually metered electric for all units. The kitchens include ranges and refrigerators.
The building has a strong rental history and consistent cash flow and currently benefits from on-site management that is available to continue with a new owner. The real upside is in the current below market rents. A new owner can increase the in-place market rents or add section 8 tenants to dramatically improve the cash flow. The building is located just a quick walk to the CTA Blue Line Pulaski Station, multiple bus routes, and the I-290 Eisenhower Expressway, with quick access downtown and to the western suburbs. The building delivers strong cash flow today with easy upside and rent growth in 2026 and beyond. Seller is a long-time owner who motivated by retirement. Come take a look at this great multi-family investment property with long-term upside.
The building has a strong rental history and consistent cash flow and currently benefits from on-site management that is available to continue with a new owner. The real upside is in the current below market rents. A new owner can increase the in-place market rents or add section 8 tenants to dramatically improve the cash flow. The building is located just a quick walk to the CTA Blue Line Pulaski Station, multiple bus routes, and the I-290 Eisenhower Expressway, with quick access downtown and to the western suburbs. The building delivers strong cash flow today with easy upside and rent growth in 2026 and beyond. Seller is a long-time owner who motivated by retirement. Come take a look at this great multi-family investment property with long-term upside.
Property Facts
| Price | $700,000 | Apartment Style | Low-Rise |
| Price Per Unit | $77,778 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 9.02% | Building Size | 4,272 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | ||
| Zoning | R-4, Chicago | ||
| Price | $700,000 |
| Price Per Unit | $77,778 |
| Sale Type | Investment |
| Cap Rate | 9.02% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 4,272 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Zoning | R-4, Chicago |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $725.00 | - |
| 2+1 | 5 | $950.00 | - |
1 1
Transit Score®
Excellent Transit (72)
Property Taxes
| Parcel Numbers | Improvements Assessment | $84,328 | |
| Land Assessment | $9,061 | Total Assessment | $93,389 |
Property Taxes
Parcel Numbers
Land Assessment
$9,061
Improvements Assessment
$84,328
Total Assessment
$93,389
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
4459 W Jackson Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.