Address
3522 W Jackson Boulevard, Chicago, IL
Price
$ 750,000
Property Attributes
- MLS#12047419
- TypeMulti-Family
- CountyCOOK
- CityChicago
- AreaCHI - East Garfield Park
- NeighborhoodFifth City
- Zip60624
- Style
- Year Built1908
- Taxes$ 9205
- Price$ 750,000
- Bedrooms21
- Full Bathrooms8
- Half Bathrooms1
- Lot Size5,227 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description
ASSUMABLE MORTGAGE AVAILABLE!!! Assume the balance of this mortgage for 2.49%!!! This property presents an enticing investment prospect, located in the thriving neighborhood of East Garfield Park. It boasts a semi-renovated 3-unit building, formerly a condo, plus coach house offering excellent cash flow potential with promising rental upside. The main building comprises three generously sized units alongside a duplex coach house featuring 3 bedrooms and 1.5 bathrooms. Noteworthy features include copper plumbing, updated electrical systems, individual gas-forced heat, and separate hot water tanks, ensuring efficient and manageable utilities. Additionally, 2 units benefit from laundry hookup facilities and unit 3 has in-unit laundry. The property's strategic location, coupled with its spacious layouts and desirable amenities, positions it as a prime income-generating asset. With a few tweaks and additions, this turnkey investment opportunity is primed for substantial returns. Unit 2 is rented for a 2 year lease for $1700, Unit 3 is rented MTM for $1922, and the Coach house rental is MTM at $1,200. Overall, this property presents a compelling investment proposition, underscored by its robust cash flow potential and favorable market conditions. Some cosmetic updates could push these large 6 bedroom units into a larger rental upside.
| Price History | |
|---|---|
| 5/4/2024 | Listed $750,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Natural Gas,Forced Air |
| Possession | Closing |
| Roof | Flat |
| Year Built | 1908 |
| Township | West Chicago |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| County | Cook |
| New Construction | No |
| Property Type | Residential Income |
| Total Rooms | 36 |
| Status | Active |
| Directions | 3522 W Jackson,east of Central Park on north side of Jackson |
| City | Chicago |
| High School District | 299 |
| MLS Area | CHI - East Garfield Park |
| Waterfront Y/N | No |
| Street Name | Jackson |
| Tax Annual Amount | 9205.02 |
| Days on Market | 5 |
| Standard Status | Active |
| Middle/Junior School District | 299 |
| Elementary School District | 299 |
| Property Type | Two to Four Units |
Interior Features
| Basement | Full |
|---|---|
| Street Suffix | Boulevard |
| Total Bedrooms | 21 |
| Total Baths | 8 |
| Bedrooms Possible | 21 |
| Basement | Partially Finished,Unfinished |
| Full Baths Building | 7 |
| Half Baths Building | 1 |
| Total Number of Units | 4 |
Exterior Features
| Water Source | Public |
|---|---|
| Lot Dimensions | 5325 |
| Lot Size Acres | 0.12 |
| Exterior | Brick |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60624
Price
Taxes
Visits
Year Built
