3937 S Indiana Avenue
Chicago, IL 60653

Status: Sold
Multi Family
9 beds
0 baths
0 sq.ft
Listing Price: $989,000

About this home

Sold Before Print! CALL FOR OTHER LOCATIONS. Stabilized 2023 New Construction 3 Flat all 3 bedroom 2 bath units. Located on a well-developed block in Bronzeville, designed featuring fully appointed shaker style white cabinetry in the professional kitchen, stainless steel appliance package, quartz island with a full custom backsplash. The flooring throughout the apartment is rich and warm LVT, making it both beautiful and practical. The apartments have a sensible design that sets it apart from the ordinary. The open and bright living room has a separate breakfast nook for daily dining, and both guest bedrooms can accommodate queen-sized beds. The primary suite is luxurious and includes a walk-in closet and a spa-level bathroom with an oversized shower, glass enclosure, and crisp black metal plumbing and trim details. In addition to all of these great features, the apartments also include high-efficiency furnaces, tankless hot water heaters, in-unit washer/dryer, private rear terrace, and secure premises with 3 car garages. Steps to the Indiana Green Line station. Warranty included. AAA Trophy Piece Perfect Turn key, Owner Occupied or Future 1031 opportunity.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 1-5 Years
3 Bedroom Unit in Building Yes
Approx Year Built 2023
Parking Total 3
Exterior Building Type Brick, Block, Stone
Exterior Property Features Balcony
Foundation Concrete Perimeter
Garage Details Garage Door Opener(s)
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 3
Parking Garage
Roof Type Rubber
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Park ,Gated
Area Major CHI - Grand Boulevard
Zoning Type MULTI
Corporate Limits Chicago
Directions MLK Dr to 41st ST, West on 41st ST to Indiana Ave, North on Indiana to Property
Equipment CO Detectors
Green Features Water Heater
Elementary School Wells Preparatory Elementary Sch
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Phillips Academy High School
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township Hyde Park
Interior Features
Basement Description Slab
Bath Amenities Separate Shower, Soaking Tub
Basement Bathrooms No
Basement None
Bedrooms Count 9
Bedrooms Possible 9
Baths Count 6
Full Baths in Building Count 6
Total Rooms 21
Units
unit 1
Beds Total 3
Baths Total 2
Actual Rent 2475
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Garage/Space, Laundry Hook-Up, Hardwood Floors, Walk-In Closet
Full Baths Total 2
Lease Expiration Date 7/25
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number 1
Square Feet 1450
unit 2
Beds Total 3
Baths Total 2
Actual Rent 2500
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Garage/Space, Laundry Hook-Up, Hardwood Floors, Walk-In Closet
Full Baths Total 2
Lease Expiration Date N/A
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number 2
Square Feet 1450
unit 3
Beds Total 3
Baths Total 2
Actual Rent 2500
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Garage/Space, Laundry Hook-Up, Hardwood Floors, Walk-In Closet
Full Baths Total 2
Lease Expiration Date 4/25
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number 3
Square Feet 1450
Property / Lot Details
Deconversion N
Lot Dimensions 25X125
Lot Description Common Grounds
Lot Size Source Other
Lot Size Less Than .25 Acre
Ownership Fee Simple
Style of House Other
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units

Financials

ElectricExpense 1250
Financing Conventional
Fuel Expense $1,250
Other Expenses 2 1900
Gross Rental Income $89,700
Insurance Expense $1,800
Net Oper Income $71,760
MaintenanceExpense 1908
Rental Income 89700
Scavenger Expense $504
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 20031030120000
Special Assessments N
Tax Exemptions None
Tax Year 2022
$989,000 Listing Price:
MLS # 12004136
Investment Profile Residential Income
Listing Market Time 26 days
Basement None
Type Unit 3 Flat
Number of Units in Building 3
Parking Garage
List Date 03/14/2024
Year Built 2023
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