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About the Listing 12619 - 116214
Outstanding investment opportunity to acquire a well-maintained six-unit brick apartment building located on Chicago's historic Garfield Boulevard. This legal six-flat features six spacious 2-bedroom, 1-bath apartments comprising approximately 8,028 square feet of living space on a 6,000-square-foot lot. Each apartment offers generous room sizes, separate living and dining rooms, hardwood flooring and individual gas-forced air furnaces. Tenants pay their own heat, gas and electricity, providing attractive operating efficiency and reduced owner expenses. The property enjoys a strong rental history with long-term tenants and immediate income-producing potential. Current rents range from $1,000 to $1,150 per month, with additional upside through future rental adjustments. Numerous recent capital improvements enhance the property's value, including a new electrical service (2026), two new sump pumps (2026), repaired/replaced front porch lintels (2026), new basement flooring (2026), and a modified bitumen roof installed in approximately 2018 that is professionally inspected annually and maintained with a protective silver coating. Additional features include a spacious rear yard, five off-street parking spaces, full basement, and an excellent location with convenient access to CTA public transportation, Interstate 94 (Dan Ryan Expressway), Sherman Park, schools, shopping, restaurants, and Downtown Chicago. Whether expanding an investment portfolio or acquiring a stabilized multifamily asset with long-term appreciation potential, this property presents an exceptional opportunity in today's Chicago multifamily market.
Listing Highlights
Status
Active
Days on Site
19
Property Type
Multi-Family
MLS ®
12688777
Year Built
1912
Total Square Footage
8,028
Lot/Acreage
0.13
County
Cook
Area
CHI - West Englewood
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Forced Air,Gas,Individual Furnaces
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished,Exterior Entry
- Other:
- Water: Municipal Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 48' x 125'
- Zoning: MULTI
- Roof:
- Others:
- Sewer:
- Parking Features: 1-5 Spaces,Open,Paved,Parking On-Site,Parking-Street
Financial Details
- Tax Amount: $3,165
- Taxes w/Assessments: N/A
- Tax/Property ID: 20171020040000
- Tax Year: 2023
Payment Calculator
Monthly Payment
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Questions About..
1449 - 51 W Garfield Boulevard Chicago, IL 60636
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