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406 N CHICAGO ST, Salt Lake City, UT 84116
$750,000
406 N CHICAGO ST, Salt Lake City, UT 84116
Units
4
Price/Unit
$187,500
Price/Sqft
$277
Est Gross Yield
9.2%
$69,120/yr est.
Property Details
Unit Mix
| Type | Count | Beds | Baths | Sqft | Rent/Mo |
|---|---|---|---|---|---|
| 2BR / 1BA | 1 | 2 | 1 | 676 | $1,300/mo |
| 2BR / 1BA | 1 | 2 | 1 | 676 | $1,350/mo |
| 2BR / 1BA | 1 | 2 | 1 | 676 | $1,200/mo |
| 2BR / 1BA | 1 | 2 | 1 | 676 | $1,350/mo |
| Total | 4 | 8 | 4 | 2,704 | $5,200/mo |
Unit mix data is reported by the seller or listing agent through the MLS and may be inaccurate or incomplete. Buyers should independently verify all information and conduct their own due diligence before making any investment decisions.
Description
Fantastic investment opportunity in an established neighborhood near Rose Park. This solid brick four plex is nestled among charming single-family homes in a peaceful residential area. Fully rented with several long-term tenants, this property offers immediate rental income and a great opportunity for investors looking to add to their portfolio or take advantage of end-of-year tax benefits. Includes covered parking, additional storage, washer/dryer in each unit, and a fenced yard. With solid construction, consistent rental history, and an attractive neighborhood, you won't want to miss out on this opportunity!
Listed by Carolyn Chavez · The Agency Salt Lake City
Location
406 N CHICAGO ST, Salt Lake City, UT 84116
Proforma
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Cap Rate
6.13%
Cash-on-Cash
3.87%
Cash Flow
$908/mo
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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 10/14/2026, 12:44:10 AM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.