3822 W Congress Parkway
Chicago, IL 60624

Status: Active
Multi Family
5 beds
0 baths
0 sq.ft
Listing Price: $324,999

About this home

Outstanding income producing Garfield Park 2-UNIT is a perfect investment for every type of buyer. Whether you're a first time buyer or a savvy investor, this Graystone multi-family provides a strong source of additional income for any portfolio. ZONED RM-5, Both units are large in size with generous front entryways. The 2 bed/1 bath first floor unit has recent updates including newer flooring, updated appliances, and central heat. The second floor unit features 3 bedrooms, updated kitchen (cabinets/appliances), central heat, and additional living space. Both units include a back porch for relaxing or grilling, with shared laundry in the unfinished basement, and additional storage. Newer windows throughout, and roof was rehabbed within the last 5 years. 2-CAR PARKING PAD in back! Great location for long/short term tenants-Steps from the Pulaski Blue-line, 290, and Garfield Park. This building has it all!

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1904
Parking Total 2
Exterior Building Type Brick,Stone
Exterior Property Features Deck, Porch, Storms/Screens
Parking Features Off Alley
Garage On-Site Yes
Parking Ownership Owned
Parking Space/s
Rehab Year 2022
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - West Garfield Park
Zoning Type MULTI
Corporate Limits Chicago
Directions Congress West to the property
Elementary School Melody Elementary School
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Marshall Metropolitan High Schoo
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle School Melody Elementary School
Jr High/Middle Dist 299
Township West Chicago
Interior Features
Basement Description Unfinished, Exterior Access
Basement Full ,English
Bedrooms Count 5
Bedrooms Possible 5
Baths Count 2
Full Baths in Building Count 2
Total Rooms 11
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1300
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 6/24
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 3
Baths Total 1
Actual Rent 1575
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 10/24
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 2
Property / Lot Details
Deconversion N
Lot Dimensions 25X125
Lot Size Source County Records
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units

Financials

ElectricExpense 600
Electric Expense Source Owner Projection
Other Expenses 2 2080
Gross Rental Income $34,500
Insurance Expense $4,020
Insurance Expense Source Actual
Janitor Expense $1,800
Net Oper Income $24,200
Other Expense Source Owner Projection
Rental Income 34500
Investment Profile Residential Income
Water Expense $1,800

Tax/Assessments/Liens

PIN 16141130210000
Special Assessments N
Taxes $2,064
Tax Exemptions None
Tax Year 2022
$324,999 Listing Price:
MLS # 12019311
Investment Profile Residential Income
Listing Market Time 33 days
Basement Full ,English
Type Unit 2 Flat
Number of Units in Building 2
Parking Space/s
List Date 04/11/2024
Year Built 1904
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