3522 W Jackson Boulevard
Chicago, IL 60624

Status: Active
Multi Family
21 beds
0 baths
0 sq.ft
Listing Price: $799,000

About this home

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 fully renovated 4-unit building, formerly a condo, 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 1 and 2 rented for $1700. The Coach house rental is MTM at $1, 200. Unit 3 rental is MTM at $1, 922. Overall, this property presents a compelling investment proposition, underscored by its robust cash flow potential and favorable market conditions.

Property details

Property / Lot Details
Acreage 0.12
Deconversion Y
Lot Dimensions 5325
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 4 Flat
Number Of Units in Building 4
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building No
Approx Year Built 1908
Exterior Building Type Brick
Parking None
Rehab Year 2007
Roof Type Flat
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - East Garfield Park
Corporate Limits Chicago
Directions 3522 W Jackson, east of Central Park on north side of Jackson
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 Partially Finished, Unfinished
Basement Full
Bedrooms Count 21
Bedrooms Possible 21
Baths Count 8
Full Baths in Building Count 7
Half Baths in Building Count 1
Total Rooms 36
Units
unit 1
Beds Total 6
Baths Total 2
Actual Rent 1700
Appliances And Features None
Full Baths Total 2
Lease Expiration Date 04/26
Rooms Total 10
Tenant Pays Electric, Gas, Heat
Floor Number 1
Square Feet 1700
unit 2
Beds Total 6
Baths Total 2
Actual Rent 1700
Appliances And Features None
Full Baths Total 2
Lease Expiration Date 04/26
Rooms Total 10
Tenant Pays Electric, Gas, Heat
Floor Number 2
Square Feet 1700
unit 3
Beds Total 6
Baths Total 2
Actual Rent 1922
Appliances And Features Stove, Refrigerator, Washer, Dryer
Full Baths Total 2
Lease Expiration Date MTM
Rooms Total 10
Tenant Pays Electric, Gas, Heat
Floor Number 3
Square Feet 1700
unit 4
Beds Total 3
Baths Total 2
Actual Rent 1200
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Half Baths Total 1
Lease Expiration Date MTM
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 1
Square Feet 1500

Financials

Investment Profile Residential Income

Tax/Assessments/Liens

PIN 16142080250000
Special Assessments N
Taxes $9,205
Tax Exemptions Homeowner
Tax Year 2022
$799,000 Listing Price:
MLS # 12005102
Investment Profile Residential Income
Listing Market Time 45 days
Basement Full
Type Unit 4 Flat
Number of Units in Building 4
Parking None
List Date 03/15/2024
Year Built 1908
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