306 N Hamlin Avenue
Chicago, IL 60624

Status: Active
Multi Family
9 beds
0 baths
0 sq.ft
Listing Price: $475,000

About this home

Welcome to 306 North Hamlin Avenue, a fantastic multi-family property that offers an incredible investment opportunity in the vibrant East Garfield Park neighborhood. Long-term tenants currently occupy the property, ensuring a stable rental income. The property features three spacious units, each offering 3 bedrooms and 2 bathrooms. With long-term tenants already in place, you can enjoy a steady rental income from day one. Unit 1 received a full remodel in 2021, while Unit 2 was updated in 2022 with Vinyl Flooring. New stove and HVAC system installed in Unit 3 ensuring comfort for its occupants throughout the year. Recent updates have also been made to the building's exterior, with both front and back gates being replaced in 2021. Inside each unit, you'll find separate utilities and in-unit laundry facilities, providing convenience and privacy for all residents. Perfectly situated for easy commuting, this property offers quick access to the CTA Green and Pink Lines, as well as the nearby Eisenhower Expressway (I-290). Don't miss out on this wonderful opportunity to own a well-maintained multi-family property in the rapidly developing East Garfield Park neighborhood. This turnkey investment is sure to meet your needs.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 16-20 Years
3 Bedroom Unit in Building Yes
Approx Year Built 2008
Parking Total 3
Exterior Building Type Brick,Limestone
Foundation Concrete Perimeter
Garage On-Site Yes
Parking Ownership Owned
Parking Space/s
Roof Type Asphalt
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - West Garfield Park
Corporate Limits Chicago
Directions Lake Street to Hamlin, 1st building on N/W corner
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township West Chicago
Interior Features
Basement Description None
Bath Amenities Double Sink
Basement Bathrooms No
Basement None
Bedrooms Count 9
Bedrooms Possible 9
Baths Count 6
Full Baths in Building Count 6
Total Rooms 24
Units
unit 1
Beds Total 3
Baths Total 2
Actual Rent 1585
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner
Full Baths Total 2
Lease Expiration Date 01/25
Rooms Total 8
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 3
Baths Total 2
Actual Rent 1510
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner
Full Baths Total 2
Lease Expiration Date 04/25
Rooms Total 8
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 3
Beds Total 3
Baths Total 2
Actual Rent 1475
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner
Full Baths Total 2
Lease Expiration Date 03/25
Rooms Total 8
Tenant Pays Electric, Gas, Heat
Floor Number 3
Property / Lot Details
Lot Dimensions 25X125
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units

Financials

ElectricExpense 480
Electric Expense Source Actual
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 16113040410000
Special Assessments N
Taxes $9,049
Tax Year 2021
$475,000 Listing Price:
MLS # 11984971
Investment Profile Residential Income
Listing Market Time 70 days
Basement None
Type Unit 3 Flat
Number of Units in Building 3
Parking Space/s
List Date 02/20/2024
Year Built 2008
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