For Sale
$449,000

4711 Jackson BlvdChicago, IL 60644

Fully renovated, 2-unit investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
119
This stunning, fully renovated two-unit brownstone, located in Chicago's West Garfield Park neighborhood, presents a compelling investment opportunity. Situated on a 0.085-acre lot, this 3,720 square foot property boasts 2,378 square feet of net rentable space and features two units: a four-bedroom, two-bathroom unit and a three-bedroom, one-bathroom unit. Built in 1912 and completely renovated in 2024, the property includes a new roof and carpad, along with updated plumbing, electrical, HVAC systems, windows, and gleaming hardwood floors. Each unit benefits from separate gas and electric meters, maximizing rental income potential. The property's location within an Opportunity Zone offers potential tax advantages. With an asking price of $449,000, a 7.46% cap rate, and a net operating income (NOI) of $33,500, this property offers a strong return on investment. Estimated monthly rental income is $4,000. This property is available October 1, 2024. Special financing may be available for residential buyers. The property's address is 4711 W Jackson Blvd, Chicago, IL 60644.

Highlights

  • Gut-rehabbed two-unit brownstone in West Garfield Park Opportunity Zone.
  • Two units: one 4 bed/2 bath, one 3 bed/1 bath.
  • Estimated $4,000 monthly rental income.
  • Fully renovated with modern amenities, including new plumbing, electrical, HVAC, windows, and hardwood floors.
  • Separate gas and electric meters, new roof, and carpad.

Property Details for 4711 Jackson Blvd

Property type
Apartment buildings
Square Feet
3,720 SF
Year Built/Renovated
1912/2024
Buildings
1
Stories
2
Lot Size (sq. ft)
3,703 SF
Units
2

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8766454
Longitude
-87.7433107
4711 Jackson Blvd, Chicago, Illinois

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4711 Jackson Blvd
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