Home Details for 4225 W Jackson Boulevard

Historic jumbo Chicago Greystone in West Garfield Park, recently operating at a 9.5%-10% cap rate. This spacious 2-unit property is zoned RT-4 and offers strong current income, a vacant unit ready for immediate market-rate rental, and serious value-add possibilities for investors looking to increase long-term returns. The first-floor unit features 3 bedrooms and 1 bathroom. The second-floor unit features 5 bedrooms and 1 bathroom. All bedrooms are generous in size, and both units offer huge living rooms, large dining rooms, and expansive enclosed rear porches. Both units went through extensive cosmetic renovations in 2024 including new bathrooms, lighting, flooring, paint, and stainless steel stove and refrigerator appliances. Unit 1 received copper plumbing and electrical updates, as well as a new furnace in 2024. Unit 2 received copper plumbing and electrical updates, along with a furnace replacement in 2021. Additional improvements include newer water heaters for both units, a new basement furnace in 2024, several new windows in 2024, roof maintenance and repairs in 2024, and a new sump pump installed in March 2026. Unit 1 is currently rented to a CHA tenant for $1,600/month, with 89% paid by CHA. Unit 2 is currently vacant and ready for immediate market-rate rental. It was recently rented for $2,519/month through CHA, and the seller has active interest from new CHA tenants at $2,850/month. Tenants pay heat, gas, and electric. The basement offers 8-foot ceilings, three separate entrance/exit points, a framed-out bathroom area with prior drain locations visible for a shower, toilet, and sink, plus space to add laundry. With its layout, ceiling height, and access; the basement offers potential to create a minimum 2-bedroom unit for additional rental income. The rear of the property includes a concrete parking pad inside a fully fenced yard. This is a solid investment opportunity with size, character, recent updates, existing rental income, separate utilities, and room to add future value.

• Heating Information

  • Natural Gas
  • Forced Air

• Basement

  • Unfinished
  • Full