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    2341 W Monroe St Chicago, IL 60612

    Under Contract
    For Sale
    $599,900

    Residential Income - Chicago, IL

    Days on Market:
    47
    Last Refresh:
    Dec 15 at 2:06 am

    Property Features for 2341 W Monroe St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    APN
    17181050050000
    Parking
    2

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    2005
    Architectural style
    Other

    Patron, Inc (dba RE/MAX Horizon) (630) 215-6600 [email protected]

    Listing agent Enrique Aguilar (847) 931-7500 License #475138061

    Listing date Oct 30, 2025

    MLS# 12464960 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chicago Residential Income Opportunity

    This residential income property, constructed in 2005, presents a live-in investment opportunity or a buy-and-hold prospect in a rapidly appreciating area of Chicago. The property features hardwood floors throughout and includes two units, each with 3 bedrooms and 2 full baths. The basement includes a 1/2 bath and a clothing closet, along with 2 storage units, one for each unit. One water heater was replaced in 2020, and the other in 2023. The property's location offers proximity to the United Center, the medical district, highways, downtown Chicago, and public transportation. It is being sold in its current condition.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6855547
    Latitude
    41.8796472

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    FAQs

    What type of property is this?
    Duplex - Two units, built in 2005, great investment opportunity.
    Where is this duplex located?
    The property is located at 2341 W Monroe St Chicago, IL.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: - Two units, each with 3 bedrooms and 2 full baths - great for rental income or multi-generational living.; - Built in 2005.; - Hardwood floors throughout both units.
    (847) 931-7500
    Request Owner's contact information
    2341 W Monroe St Chicago, IL 60612
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    Chicago, IL 60612
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2341 W Monroe St Chicago, IL 60612
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