$ 675,000
3522 W Jackson Boulevard Chicago, IL 60624
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$ 675,000
Est. payment /mo
Active Under Contract
3522 W Jackson Boulevard Chicago, IL 60624
21 Beds
5,227 Sqft Lot
UPDATED:
09/13/2024 05:16 PM
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12095933
Bedrooms 21
Year Built 1908
Annual Tax Amount $9,205
Tax Year 2022
Lot Size 5,227 Sqft
Lot Dimensions 5325
Property Description
SHORT SALE!!! 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.
Location
State IL
County Cook
Rooms
Basement Full
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Waterfront false
View Y/N true
Roof Type Flat
Building
Sewer Public Sewer
Water Public
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition Short Sale
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Brandice Hampton • Dream Town Realty