$675,000
Active Under Contract
37 Days Online
21 Beds0 Baths0 SQFT
Active Under Contract

3522 W Jackson Boulevard Chicago, IL 60624

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SHORT SALE!!! This property presents an enticing investment prospect, located in the thriving neighborhood of East Garfield Park. It boasts a semi-renovated 3-unit building, formerly a condo, plus coach house offering excellent cash flow potential with promising rental upside. The main building comprises three generously sized units alongside a duplex coach house featuring 3 bedrooms and 1.5 bathrooms. Noteworthy features include copper plumbing, updated electrical systems, individual gas-forced heat, and separate hot water tanks, ensuring efficient and manageable utilities. Additionally, 2 units benefit from laundry hookup facilities and unit 3 has in-unit laundry. The property's strategic location, coupled with its spacious layouts and desirable amenities, positions it as a prime income-generating asset. With a few tweaks and additions, this turnkey investment opportunity is primed for substantial returns. Unit 2 is rented for a 2 year lease for $1700, Unit 3 is rented MTM for $1922, and the Coach house rental is MTM at $1, 200. Overall, this property presents a compelling investment proposition, underscored by its robust cash flow potential and favorable market conditions. Some cosmetic updates could push these large 6 bedroom units into a larger rental upside.

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyCook
  • Taxes$9,205
  • HOA/Condo/Coop Fees$0
  • Days on Site36 Days
  • MLS StatusActive Under Contract
  • MLS ID Number12095933
  • Home Size Source N/A
  • Year Built1908
  • Lot Size0.12 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Parking Spaces 0
  • Sewer Public Sewer
  • Basement Full
  • Acreage 0.12
  • Water Public
  • Property Sub Type Multi Family
  • Listing Conditions Short Sale
  • General Information Commuter Bus
  • Rooms Total 36
  • Lot Size Less Than .25 Acre
  • Parking Total 0

Interior Features

  • Heating Natural GasForced Air

Exterior Features

  • Roof Flat
  • Waterfront Property No

Community Features

  • Township West Chicago
  • MLS Area CHI - East Garfield Park

Schools

School District
299
Elementary School
Unknown
Middle School
Unknown
High School
Unknown

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Monthly Payment (Est.)

$3,265
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