2324 West Monroe Street

Chicago, IL 60612

$849,900
Price
9
Beds
6
Baths
4,900 Sq. Ft.
$173 / Sq. Ft.
4,900
Sq. Ft.
$173
per Sq. Ft.

Description

Welcome to this fantastic investment opportunity in Chicago, IL 60612! This multi-unit property was a full permited gut renovation and features 3 units, with one of them being a highly successful Airbnb that grosses approximately $60,000 a year. After deducting professional management, cleaning costs, and fees, the net income to the owner is estimated at around $36,000 annually all furniture and picture will be included in the sale. In addition to its profitable rental income potential, this property...Welcome to this fantastic investment opportunity in Chicago, IL 60612! This multi-unit property was a full permited gut renovation and features 3 units, with one of them being a highly successful Airbnb that grosses approximately $60,000 a year. After deducting professional management, cleaning costs, and fees, the net income to the owner is estimated at around $36,000 annually all furniture and picture will be included in the sale. In addition to its profitable rental income potential, this property also boasts tastefully furnished interiors that will impress guests and tenants alike. The modern design and amenities make it an attractive place to stay for visitors looking to experience all that Chicago has to offer. Located in a thriving neighborhood with easy access to transportation, dining, and entertainment options, this property is truly a gem for savvy investors looking to expand their real estate portfolio. Don't miss out on this incredible opportunity - schedule a showing today!
  1. Listed by Mitir Patel • Dream Town Real Estate

Property Details for 2324 West Monroe Street

Area
CHI - Near West Side
Township
Hyde Park
Ownership
Fee Simple
Num Of Parking Spaces
3.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air
Architectural Style
Brownstone
Zoning
MULTI

Location

Listing Courtesy of Dream Town Real Estate
Add your commute
LISTING UPDATED: 05/29/2024 09:53 AM

Property Details for 2324 West Monroe Street

StatusActive
MLS #12038434
Days on Market20
Taxes$15,259 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1897
Lot Size0.07 AC / 2,965 SF
CountyCook County

Location

Listing Courtesy of Dream Town Real Estate
Add your commute

Building Information for 2324 West Monroe Street

Stories-Residences3Year Built1897Building Size-Lot Size0.07 AC / 2,965 SF

Payment Calculator

$5,910 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,638

Property Taxes

$1,272

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2324 West Monroe Street

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Assigned Spaces
  • Parking On Site: true
  • Parking Ownership: Owned
  • Open Parking Spaces: 3.0
Property Information
Interior Features
  • Num Of Rooms: 18
  • Bedrooms (Below Grade): 0
  • Community Features: Park, Sidewalks, Street Lights
  • Bath Amenities: Separate Shower,Soaking Tub
  • Basement Type: Full, English
  • Bedrooms Possible: 9
  • Basement Description: Finished, Concrete (Basement)
  • # Full Baths in Building: 6
  • # Half Baths in Building: 0
  • Num of Baths: 6.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
  • Other Equipment: CO Detectors, Ceiling Fan(s), Sump Pump, Multiple Water Heaters, Water Heater-Electric
Property/Lot Information
  • Exterior Property Features: Deck, Breezeway
  • New Construction YN: No
  • Rebuilt: Yes
  • Rebuilt Year: 2019
  • Rehabilitated: Yes
  • Rehab Year: 2019
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Description: Corner Lot
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 2,965
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Rubber
  • Foundation Details: Concrete Perimeter
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 100
  • East Coordinate: 0
  • West Coordinate: 2300
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 13
  • Document Date: 2024-05-28T20:39:23
  • Photos Count: 50
  • OpenHouse Count: 1
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $93,480.00
  • Insurance Expense: $2,400.00
  • Maintenance Expense: $1,200.00
  • Trash Expense Year: 2023
  • Net Operating Income: $74,622.00
  • Trash Expense: $600.00
  • Water Sewer Expense: $600.00
Unit 1
  • Unit Type Actual Rent: $2,495.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: VAC
Unit 2
  • Unit Type Actual Rent: $2,395.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 07/24
Unit 3
  • Unit Type Actual Rent: $3,000.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Lease Expiration Date: ABNB

Property History for 2324 West Monroe Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2324 West Monroe Street

Taxable ValueLand$14,825Additions$59,108Total$73,933
Tax Record2022$15,259 ($1,272 / month)
Home Facts
Baths4Total Finished SqFt2,913 SqFtAbove Grade Finished SqFt2,913 SqFtStories2Lot Size2,965 SqFtStyleMulti-Family Res (5+ Units)Year Built1900CountyCOOKAPN17-18-100-029

Schools near 2324 West Monroe Street

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 10 to 12
Rating
School
Distance
Dett Elementary School
PublicPK to 8

Marshall Metropolitan High School
Public9 to 12

Phoenix Military Academy High School
Public9 to 12

Marine Math&Science Academy High School
Public10 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2324 West Monroe Street is a multi-family home for sale in Chicago, IL 60612. This property was listed for sale on May 14, 2024 by Dream Town Real Estate, it's currently listed at $849,900. It has been on the market for a total of 20 days and was last sold on July 27, 2016. This listing's school district is City Of Chicago School District 299. Nearby schools include Dett Elementary School, Marshall Metropolitan High School and Phoenix Military Academy High School. 2324 West Monroe Street is a 9-bed, 6-bath, 4,900 sqft multi-family home built in 1897.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Dream Town Real Estate

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 05/29/2024 09:53 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.