4428 W Jackson Boulevard
Chicago, IL 60624

Status: Active
Multi Family
14 beds
0 baths
0 sq.ft
Listing Price: $660,000

About this home

Introducing an exceptional investment opportunity: this updated legal 4-unit building is a true MONEY MAKER, poised to generate substantial income for savvy investors. With a potential monthly cash flow $7, 700 + per month, this property promises excellent returns on investment. 4 bedroom units rent for $2100 a month. Each unit has been beautifully renovated, featuring new kitchens, baths, and refurbished hardwood floors, ensuring maximum appeal to tenants. The convenience of in-unit laundry adds to the allure, enhancing the overall tenant experience and attracting higher-quality renters. Situated in a prime location, this building offers parking in the rear. Whether you're an owner-occupant seeking additional income or want to possibly live rent OR an investor looking to bolster your portfolio, this property presents an unparalleled opportunity to capitalize on Chicago's thriving rental market. Quick access to downtown & Oak Brook mall, 290 expressway and the walking distance to the CTA. One unit shown at 1st appointment; other units made available after offer and 48 hour notice to tenants. ***Listing Agent has interest in the property****

Property details

Property / Lot Details
Acreage 0.07
Lot Dimensions 25X122
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 91-100 Years
3 Bedroom Unit in Building Yes
Approx Year Built 1929
Parking Total 2
Exterior Building Type Vinyl Siding, Brick
Parking Features Unassigned
Garage On-Site Yes
Parking Ownership Owned
Parking Space/s
Rehab Year 2023
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - West Garfield Park
Zoning Type MULTI
Corporate Limits Chicago
Directions Austin Blvd to 290 East, merge onto 290 East, take exit 24B to Cicero Ave, left Cicero Ave, turn right on West Jackson Blvd to property.
Equipment Ceiling Fan(s), Water Heater-Gas
Elementary School Hefferan Elementary School
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Marshall Metropolitan High Schoo
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle School Hefferan Elementary School
Jr High/Middle Dist 299
Township Jefferson
Interior Features
Basement Description Finished
Basement Full
Bedrooms Count 14
Bedrooms Possible 14
Baths Count 7
Full Baths in Building Count 4
Half Baths in Building Count 3
Total Rooms 25
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1390
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 4
Tenant Pays Electric,Gas
Floor Number G
Square Feet 1200
unit 2
Beds Total 4
Baths Total 2
Actual Rent 2100
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Half Baths Total 1
Lease Expiration Date MTM
Rooms Total 7
Tenant Pays Electric,Gas
Floor Number 1
Square Feet 1700
unit 3
Beds Total 4
Baths Total 2
Actual Rent 2100
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Half Baths Total 1
Lease Expiration Date MTM
Rooms Total 7
Tenant Pays Electric,Gas
Floor Number 2
Square Feet 1700
unit 4
Beds Total 4
Baths Total 2
Actual Rent 2100
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Half Baths Total 1
Lease Expiration Date VAC
Rooms Total 7
Tenant Pays Electric,Gas
Floor Number 3
Square Feet 1700

Financials

Insurance Expense $3,300
Insurance Expense Source Broker Projection
Janitor Expense $900
Investment Profile Residential Income
Water Expense $2,400

Tax/Assessments/Liens

PIN 16151150340000
Special Assessments N
Taxes $2,152
Tax Exemptions None
Tax Year 2021
$660,000 Listing Price:
MLS # 12040943
Investment Profile Residential Income
Listing Market Time 17 days
Basement Full
Type Unit 4 Flat
Number of Units in Building 4
Parking Space/s
List Date 04/27/2024
Year Built 1929
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