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3522 West Jackson Boulevard

Chicago IL 60624

21
8
0.12 ac.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

21 bedrooms
8 bathrooms
0.12 ac. lot size
Multi-Family

Property history for 3522 West Jackson Boulevard

2021
Sold
$745,000
25 Oct 2021 by Christopher Norton, of @properties Christie's International Real Estate
2020
Sold
$425,000
29 Jun 2020

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Local market activity for 21 bedroom multi families in Chicago

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