4459 W Jackson Blvd - Apartments FOR SALE


Chicago, IL 60624- West Garfield Park
$700,000 USD
773-849-7084
4459 W Jackson Blvd, Chicago, IL for Sale
$700,000 USD
Apartments - FOR SALE
1/3
null | 9.02% Cap Rate

4459 W Jackson Blvd
Chicago, IL 60624
West Garfield Park


HIGHLIGHTS

  • Solid brick 9-unit multifamily building in West Garfield Park
  • Strong rental history with consistent cash flow
  • Significant upside through rent increases and/or Section 8 conversions

OVERVIEW

4459 W Jackson Blvd is a solid brick 9-unit building located in the West Garfield Park neighborhood. The building features three tiers of units with a mix of 2 bed / 1 bath and 1 bed / 1 bath unit apartments. They include hardwood floors, gas forced-air heat, and individually metered electric for all units. The kitchens include ranges and refrigerators. The building has a strong rental history and consistent cash flow and currently benefits from on-site management that is available to continue with a new owner. The real upside is in the current below market rents. A new owner can increase the in-place market rents or add section 8 tenants to dramatically improve the cash flow. The building is located just a quick walk to the CTA Blue Line Pulaski Station, multiple bus routes, and the I-290 Eisenhower Expressway, with quick access downtown and to the western suburbs. The building delivers strong cash flow today with easy upside and rent growth in 2026 and beyond. Seller is a long-time owner who motivated by retirement. Come take a look at this great multi-family investment property with long-term upside.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$89 USD /SF

# OF UNITS

9

PRICE/UNIT

$77,778

CAP RATE

9.02%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,054 SF

ZONING

R-4, Chicago

APN/PARCEL ID

16-15-120-050-0000

ASK ABOUT THIS PROPERTY

Davis Edgerly33 RealtyMore Info
773-849-7084

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Davis Edgerly33 RealtyMore Info
773-849-7084

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.