4141 W Jackson Boulevard
Chicago, IL
60624
About this home
Investors here you go - beautiful 2 flat brownstone plus garden unit in West Garfield Park! This is priced to generate nearly 25% cash on cash returns! The building contains (3) three bedroom/ 1 bathroom units (9 bedrooms / 3 bathrooms total). Fully occupied generating over $45k/year in rents with upside potential. Building has been occupied by long term tenants producing stable cash flows. A 100% gut rehab from top to bottom was completed in 2012 and the building has been professionally maintained since. Unit 1 was refreshed with new flooring, paint and appliances in July '23 upon tenant turnover. Each unit benefits from separate utilities with each containing their dedicated water heaters, central HVAC, and utility meters. Both units 1 & 2 offer air conditioning with the capability to add on A/C to the garden unit. Coin operated laundry located in common area laundry room in the garden. Asphalt slab in the rear of the building provides space for parking up to (6) vehicles. CHA approved, prior tenant in unit 1 lived in the building for 7 years before vacating in June-2023. Offers containing no financing continencies with a quick close will be given highest consideration. Building Details: Built: 1903 Zoning: RT-4, multifamily two flat This is a legal two flat with an illegal garden, we will not provide any reps and warranties related to the garden unit. Parcel Number:16-152-180-070-000 Taxes: $1916 Lot Size: 3125 SF (25x125) Survey: we never got one with the original purchase and have never ordered one, we will need to engage once we are under contract Brick Exterior & brick foundation Garden unit has a complete drain tile system installed in 2013 which includes full vapor barrier covering the entire brick foundation wall Roof Type = bitumen + silver reflective coating All units have separate meters, however, as a part of the lease agreement with the garden unit, we pay for the gas for them. Their lease is now month to month, technically we can notice them and stop paying for it. I would prefer to have the new owner address this how they see fit