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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



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 | Building Size | 3,300 SF |
| Price Per Unit | $216,333 | Average Occupancy | 0% |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 8.40% | Year Built/Renovated | 1912/2026 |
| No. Units | 3 | Parking Ratio | 0.91/1,000 SF |
| Property Type | Multifamily |
| 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 |
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Walk Score®
Very Walkable (74)
Transit Score®
Excellent Transit (74)
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4751 W Monroe St - Gut Rehabbed 3-Unit in Austin
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