241-243 N. Homan Ave

241-243 N. Homan Ave, Chicago, IL 60624

  • For Sale $1,100,000
  • Property Type Multi-Family
  • Property Size 5,208 SF
  • Units 12
  • Lot Size 0.11 Acre
  • Building Class C
  • Year Built 1897
  • Date Updated Jul 8, 2025
East Garfield ParkKiser Group is pleased to exclusively offer for purchase the sale of 241-243 N. Homan, a twelve (12) unit walkup located in Chicago’s historic East Garfield Park neighborhood. The property sits just two (2) blocks from Chicago's Green Line "El" train station at Kedzie and roughly seven (7) blocks from the I-290 Express, which both provide tenants a quick and easy commute to Chicago's downtown (roughly 10 minutes.) Furthermore, The property is located just steps away from Garfield Park, which features ponds & gardens, athletic facilities, & the renowned Garfield Park Conservatory. 241-243 N. Homan is comprised of nine (9) 2bd/1ba units and three (3) 1bd/1ba units. All of the units are extremely spacious with hardwood flooring. Recent capital improvements to the building consist of, but are not limited to: new individual furnaces with Air Conditioning & new individual water heaters, a newer roof, a newer 800-amp electrical service with breaker boxes in-unit, porch updates (2020), and copper plumbing throughout. 241-243 N. Homan provides an enormous amount of value-add potential. Through improved leasing and management, and bringing rents to market rate levels, an investor has the ability to achieve at a minimum a 10% cap rate and cash on cash return of 16% and beyond. Furthermore, the property is located in one of Chicago’s most desirable pockets of East Garfield Park, which continues to see a substantial amount of appreciation.
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Highlights

  • Adjoing Parking lot w/ 12 spaces
  • Desirable Unit Mix: Nine (9) 2bd/1ba and Three (3) 1bd/1ba Units
  • New Individual Furnaces with A/C
  • New Individual Water Heaters
  • Newer 800 Amp Electrical Service
  • On-site Laundry
  • Porch updates (2020)

Contacts

broker
Jack Petrando

Kiser Group

Location

Getting Around

  • Walk Score ®

    62/100 Somewhat Walkable

  • Transit Score ®

    72/100 Excellent Transit

  • Bike Score ®

    84/100 Very Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood East Garfield Park
  • Zip Code 60624
  • Market Chicago

Points of Interest

  • Kedzie

    0.27 miles

  • Uber Tent

    2.05 miles

  • Cicero

    2.10 miles

  • Central Park

    2.22 miles

  • Kostner

    2.50 miles

  • California

    2.60 miles

  • Morgan

    3.07 miles

  • Logan Square

    3.11 miles

  • UIC-Halsted (Morgan Street)

    3.14 miles

  • UIC-Halsted (Peoria Street)

    3.24 miles

  • Falcon

    0.25 miles

  • Citgo

    0.51 miles

  • BP

    0.69 miles

  • Amstar

    0.81 miles

  • Marathon

    0.84 miles

  • Shell

    1.10 miles

  • EVgo

    2.65 miles

  • Electrify America

    2.88 miles

  • Blink ParkChip Garage - 1035 Van Buren

    3.04 miles

  • Tesla Destination Charger

    3.17 miles

  • f

    1.78 miles

  • G

    1.83 miles

  • Disabled

    1.84 miles

  • Bus Parking

    1.85 miles

  • Club/Premium

    1.86 miles

  • C Suites

    1.92 miles

  • K Suites

    1.95 miles

  • A

    1.96 miles

  • Hyatt Place Chicago - Medical / University District

    2.11 miles

  • Hyatt House Chicago - Medical / University District

    2.17 miles

  • Shamrock Motel

    2.27 miles

  • Hotel Chicago West Loop

    2.29 miles

  • Holiday Jones

    2.38 miles

  • IHSP Chicago Hostel

    2.44 miles

  • Courtyard by Marriott Chicago at Medical District / UIC

    2.45 miles

  • Alexandra's place

    2.49 miles

  • Urban Holiday Lofts

    2.50 miles

  • Karavan Motel

    2.60 miles

  • Inspiration Kitchens

    0.17 miles

  • Al's Under the L

    0.61 miles

  • Subway

    0.70 miles

  • Domino's

    0.71 miles

  • Wingstop

    0.72 miles

  • Popeyes

    0.72 miles

  • White Castle

    0.75 miles

  • The Egg Roll Factory

    0.77 miles

  • Dunkin'

    0.77 miles

  • The Salchipapa House

    0.79 miles

  • Al Raby High School

    0.23 miles

  • George Westinghouse College Prep

    0.24 miles

  • Jacob Beidler Elementary School

    0.33 miles

  • Morton School of Excellence

    0.39 miles

  • Saint Mathews School

    0.41 miles

  • Faraday Elementary School

    0.43 miles

  • Polaris Charter Academy

    0.48 miles

  • Marshall Metro High School

    0.51 miles

  • Providence Saint Mel High School

    0.54 miles

  • Community Career Training and Economic Development Center

    0.54 miles

  • YMCA Child Care

    0.33 miles

  • Dorie Miller Child Parent Center

    0.95 miles

  • Luis Munoz Marin Primary Center

    1.36 miles

  • Herzl Child-Parent Center

    1.70 miles

  • Adams Street Child Care Center

    1.86 miles

  • Kid City

    1.96 miles

  • Our Lady of Lourdes Child Development Center

    1.98 miles

  • John & Mary Madden Center

    2.18 miles

  • Cortland Preschool

    2.24 miles

  • New Zion Childcare Academy

    2.35 miles

Frequently Asked Questions

How much does 241-243 N. Homan Ave cost?

The space currently listed for sale at 241-243 N. Homan Ave asks for $1,100,000.

What is the total square footage of 241-243 N. Homan Ave?

241-243 N. Homan Ave totals 5,208 square feet.

When was this property built?

241-243 N. Homan Ave was built in 1897.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Jack Petrando

Kiser Group

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