4403 W Iowa Street Chicago IL 60651 MLS #MRD12341267

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.