4538 W Jackson Boulevard
Chicago, IL 60624

Status: Active Under Contract
Multi Family
14 beds
0 baths
0 sq.ft
Listing Price: $599,000

About this home

PLEASE SEE PRIVATE REMARKS FOR MORE DETAILED INFORMATION! Wonderful investment property with rental income potential of the home ($1650 x 3 units) + ($1330 x 1 unit) $6280. This will be much higher than a prospective buyer's mortgage payment for guaranteed cash flow! Units 1, 2, and 3: are 4 bed / 1 bath, hardwood floors, in unit washer and dryer, stove, refrigerator, dishwasher, these 3 units have new tankless water heaters, Central Air A/C. The Garden Unit - 2 bed / 1 bath, title floors, in unit washer and dryer, stove, refrigerator, dishwasher, Water Heater, Central Air A/C. Tenants pay all utilities - Electric and Gas - Heat is Gas.Fully Rehabbed in 2020, New Electric (400 amp serviceUpdated plumping, 2 Car garage, Fenced front and rear with alley access. Updates throughout, updated kitchens and bathrooms. Laundry in each unit, hardwood flooring, newer appliances (dishwasher included), central air . Kitchens have granite countertops, 42 inch cabinets, large closets for greater storage space, intercom access to the property and apartments. Perfect for the owner occupant looking to have their mortgage paid. Ideally located from downtown Chicago, easy access to I290 in the booming West Garfield Park neighborhood. Schedule a showing today.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 81-90 Years
3 Bedroom Unit in Building Yes
Parking Total 2
Exterior Building Type Brick
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Rehab Year 2020
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Gated, Sidewalks, Street Paved
Area Major CHI - West Garfield Park
Zoning Type MULTI
Corporate Limits Chicago
Directions I290 to Cicero, 5 blocks north to Jackson, three blocks east to 4538.
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan, Public
Jr High/Middle Dist 299
Township West Chicago
Interior Features
Basement Description None
Basement Bathrooms No
Basement None
Bedrooms Count 14
Bedrooms Possible 14
Baths Count 4
Full Baths in Building Count 4
Total Rooms 24
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1325
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave
Full Baths Total 1
Lease Expiration Date 03/24
Rooms Total 2
Tenant Pays Electric,Gas
Floor Number 1
Square Feet 675
unit 2
Beds Total 4
Baths Total 1
Actual Rent 1650
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 00/00
Rooms Total 6
Tenant Pays Electric,Gas
Floor Number 2
Square Feet 1200
unit 3
Beds Total 4
Baths Total 1
Actual Rent 1650
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 00/00
Rooms Total 6
Tenant Pays Electric,Gas
Floor Number 3
Square Feet 1200
unit 4
Beds Total 4
Baths Total 1
Actual Rent 1650
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Hardwood Floors
Full Baths Total 1
Lease Expiration Date MO/MO
Rooms Total 6
Tenant Pays Electric,Gas
Floor Number 4
Square Feet 1200
Property / Lot Details
Lot Dimensions 25 X 121
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

Financials

ElectricExpense 300
Electric Expense Source Owner Projection
Gross Rental Income $75,300
Insurance Expense $2,496
Insurance Expense Source Owner Projection
Net Oper Income $68,405
Rental Income 75300
Investment Profile Residential Income
Water Expense $1,200

Tax/Assessments/Liens

PIN 16151140190000
Special Assessments N
Taxes $2,889
Tax Exemptions None
Tax Year 2022
$599,000 Listing Price:
MLS # 11919774
Investment Profile Residential Income
Listing Market Time 198 days
Basement None
Type Unit 4 Flat
Number of Units in Building 4
Parking Garage
List Date 10/30/2023
Year Built
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