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West Garfield Park Multifamily Investment

4537 West Congress Parkway Chicago, IL 60624

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For Sale
$699,000

Seven-unit building in West Garfield Park, fully leased.

Type:Multi Family 5+ / Multi Family 5+-Other
Property size:
6,426 SF
Price / SF:
$108.78/SF
Added:
Mar 4, 2026
Days on Market:
132
Last Refresh:
May 27 at 12:05 pm

Property Features for 4537 West Congress Parkway

General Information

Standard status
Active
Size
6,426 SF
Property subtype
Multi Family 5+ / Multi Family 5+-Other

Building Details

Year Built
1900

Listing office Pearson Realty Group

Listing date Mar 4, 2026

Source Compass

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Pearson Realty Group


Investment Insights

Based on property information with market context.

This seven-unit rental building is situated in the West Garfield Park neighborhood, conveniently located between the West Loop and Oak Park. The property is a few blocks from the Eisenhower Expressway and the Green Line train stop, approximately 6 miles from downtown Chicago. The legal six-unit apartment building features a center entrance and wide, light-filled stairways, which have been refinished with repainted walls. The units were renovated a few years ago and feature updated kitchens and new windows, with all new windows installed throughout in 2023. New copper plumbing has been installed in each unit. The roof was repaired as needed in 2023. Each unit contains two bedrooms and one bathroom, and all are currently leased, generating cash flow. Each unit has a separate gas forced air furnace and electric hot water tank. Tenants are responsible for their own gas and electric utilities. There is a seventh nonconforming two-bedroom, one-bathroom garden unit, which has been renovated and is currently occupied by the owner's contractor. The property includes two separate garages with a total of four parking spaces, which are currently not rented but could provide additional income. The property size is 6,426 square feet.

Key Highlights

  • Fully leased 7‑unit building producing strong cash flow.
  • Prime location in the rapidly developing West Garfield Park, near the West Loop, Oak Park, and downtown Chicago, with convenient access to transportation.
  • Units feature 2 beds/1 bath, separate gas forced air furnaces and hot water tanks (tenants pay utilities), and renovated kitchens.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Real Estate Agency Dental Office Gym & Fitness Center Skin Care Clinic Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Spa & Massage Center Pharmacy

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

FAQs

What type of property is this?
Apartment building - Seven-unit building in West Garfield Park, fully leased.
Where is this apartment building located?
The property is located at 4537 West Congress Parkway Chicago, IL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Fully leased 7‑unit building producing strong cash flow.; Prime location in the rapidly developing West Garfield Park, near the West Loop, Oak Park, and downtown Chicago, with convenient access to transportation.; Units feature 2 beds/1 bath, separate gas forced air furnaces and hot water tanks (tenants pay utilities), and renovated kitchens.
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