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$ 975,000
Est. payment | /mo
6,534 Sqft Lot
$ 975,000
Est. payment | /mo
6,534 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12341267
Year Built 1927
Annual Tax Amount $11,427
Tax Year 2023
Lot Size 6,534 Sqft
Lot Dimensions 55X124
Property Sub-Type Multi Family 5+
Property Description
Presenting 4401-4407 W. Iowa St., a well-maintained 9-unit corner apartment building located in the heart of Chicago's West Humboldt Park neighborhood. The property is comprised exclusively of two-bedroom, one-bathroom units, offering consistent unit layouts across the building. Many of the apartments have been recently renovated, featuring modern upgrades such as granite countertops, new cabinetry, stainless steel appliances, updated bathrooms, individual furnaces, and new or refinished hardwood flooring. The building also includes one on-site parking space, with the potential to add two additional spaces on the side of the building. Currently, five of the nine units receive rental subsidies, providing a stable income stream. A new owner has the opportunity to further increase revenue-estimated at approximately 16 pct-by converting the remaining units to subsidized housing. Ideally situated just three blocks from the CTA #66 bus line and a little over one mile from the CTA Green Line, this property offers convenient access to public transportation, enhancing its appeal to tenants. This is a solid value-add opportunity in a growing neighborhood with strong rental demand.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling None
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Brent Fallows • Fulton Grace Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "