$750,000
3522 W Jackson Boulevard
Chicago, IL, 60624
ASSUMABLE MORTGAGE AVAILABLE!!! Assume the balance of this mortgage for 2.49%!!! 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 Details
Price:
$750,000
MLS #:
MRD12047419
Status:
Active
Beds:
21
Baths:
8
Address:
3522 W Jackson Boulevard
Type:
Multi Family
City:
Chicago
Listed Date:
May 4, 2024
State:
IL
ZIP:
60624
Year Built:
1908
Schools
School District:
299
Interior
Heating
Natural Gas, Forced Air
Exterior
Roof
Flat
Financial
Buyer Agent Compensation
1.5%-$495% of Net Sale Price
Tax Year
2022
Taxes
$9,205
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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3522 W Jackson Boulevard
Chicago, IL
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