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4751 W Monroe St - Gut Rehabbed 3-Unit in Austin 3 Unit Apartment Building Offered at $649,000 at a 8.40% Cap Rate Chicago, IL 60644

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Executive Summary

Fully Rehabbed & Investment; gut-rehabbed 3-unit building in Austin, redesigned for durability and modern living. Each of the three spacious, condo-style units features 3 bedrooms and high-end finishes throughout. This property was fully rebuilt with city-approved plans and permits (available upon request). Property Highlights: Fully Permitted Gut Rehab: All-new mechanicals, including individual high-efficiency water heaters and separate electrical panels for each unit. Modern Interiors: Beautifully appointed kitchens with contemporary cabinetry and sleek finishes. Outdoor & Security: Newly constructed 2025 wooden deck with private front and rear access, fresh parking pad, and new perimeter fencing. Efficient Operations: Separate utilities allow for streamlined expense management and clear accounting. Investment Potential: Strategically located with a high-demand 3BR unit mix, this turn-key property offers significant long-term upside and is ready for immediate occupancy. This building is compliant with all local housing standards and is available for all qualified residents.

Property Facts

Price $649,000
Price Per Unit $216,333
Sale Type Investment
Cap Rate 8.40%
No. Units 3
Property Type Multifamily
Building Size 3,300 SF
Average Occupancy 0%
No. Stories 3
Year Built/Renovated 1912/2026
Parking Ratio 0.91/1,000 SF
Walk Score®
Very Walkable (74)
Transit Score®
Excellent Transit (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 39744320

  • Date on Market: 3/12/2026

  • Last Updated:

  • Address: 4751 W Monroe St, Chicago, IL 60644

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