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Gut Rehabbed 3-Unit in Austin 4751 W Monroe St 3 Unit Apartment Building $634,999 ($211,666/Unit) 8.59% Cap Rate Chicago, IL 60644



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 | $634,999 | Building Class | C |
| Price Per Unit | $211,666 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 3,300 SF |
| Cap Rate | 8.59% | Average Occupancy | 0% |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1912/2026 |
| Property Subtype | Apartment | Parking Ratio | 0.91/1,000 SF |
| Price | $634,999 |
| Price Per Unit | $211,666 |
| Sale Type | Investment |
| Cap Rate | 8.59% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,300 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built/Renovated | 1912/2026 |
| Parking Ratio | 0.91/1,000 SF |
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Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 16-15-104-002-0000 | Improvements Assessment | $16,105 |
| Land Assessment | $7,895 | Total Assessment | $24,000 |
Property Taxes
Parcel Number
16-15-104-002-0000
Land Assessment
$7,895
Improvements Assessment
$16,105
Total Assessment
$24,000
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Gut Rehabbed 3-Unit in Austin | 4751 W Monroe St
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