Price Reduction - Views
Address
3948 W Congress Parkway, Chicago, IL
Price
$ 624,999
Property Attributes
- MLS#12019308
- TypeMulti-Family
- CountyCOOK
- CityChicago
- AreaCHI - West Garfield Park
- NeighborhoodGarfield Park
- Zip60624
- StyleMulti-Family
- Year Built1917
- Taxes$ 2682
- Price$ 624,999
- Bedrooms7
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage5165
- Lot Size0.07 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Thriving cash flow at this investor's dream in Garfield Park! Exceptionally large 5-unit, all brick building includes 5 updated apartments, with newer kitchens, bathrooms, windows, plumbing, and electrical. Each unit is supplied with appliances, W/D, water heater, and furnace. There are two 4-Bed/2-bath apartments, showcasing vintage fireplace charm, a sunroom with an open southern view, and additional living space/closets throughout. Two apartments (1-bed/1-bath, 2-bed/1.5-bath) share the 3rd floor and were also recently updated, with newer utilities, appliances, and washer/dryer. The legal garden unit (1 bed/1 bath) off the front entranceway was rehabbed as well and is a solid income earner. All-brick two-car garage in back. Great location for long/short term tenants-Steps from the Pulaski Blue-line, 290, and Garfield Park.
| Price History | |
|---|---|
| 4/11/2024 | Listed $675,000 |
| 4/17/2024 | 4% - $650,000 |
| 5/13/2024 | 4% - $624,999 |
General Features
| Cooling | Window Unit(s) |
|---|---|
| Possession | Closing,Tenant's Rights |
| Zoning | MULTI |
| Construction Materials | Brick |
| Year Built | 1917 |
| Electric | Circuit Breakers |
| Tenant Pays | Electricity,Heat |
| Stories | 3 |
| Township | West Chicago |
| Tax Year | 2022 |
| Current Use | Multi-Family |
| Gross Income | 93000 |
| County | Cook |
| Net Operating Income | 75080 |
| Operating Expense | 17920 |
| Insurance Expense | 6120 |
| Property Type | Commercial Sale |
| MaintenanceExpense | 3600 |
| Status | Active |
| Directions | Take Expressway I-290 East or West to Independence Blvd. (26A) Exit. West on Congress Pkwy to property,just east of Pulaski. |
| City | Chicago |
| Total Units | 5 |
| MLS Area | CHI - West Garfield Park |
| Street Name | Congress |
| Tax Annual Amount | 2682.7 |
| Electric Expense | 600 |
| Fuel Expense | 1200 |
| Trash Expense | 1800 |
| Water Sewer Expense | 2400 |
| Additional Parcels Y/N | No |
| Days on Market | 39 |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
Interior Features
| Street Suffix | Parkway |
|---|---|
| Basement | Partially Finished |
Exterior Features
| Building Area Total | 5165 |
|---|---|
| Lot Dimensions | 25X125 |
| Lot Size Acres | 0.07 |
| Frontage Type | City Street |
| 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
