Residential Income

3522 Jackson Boulevard, Chicago, Illinois 60624

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Property Description

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.

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : MRD12095933
Price : $675,000
Bedrooms : 21
Bathrooms : 8
Year Built : 1908
Features
Basement : Full
Roof Deck : Flat
Parking
Address Map
Country : US
State : IL
County : Cook
City : Chicago
Zipcode : 60624
Street : Jackson
Street Number : 3522
Street Suffix : Boulevard
Floor Number : 0
Longitude : W88° 17' 8''
Latitude : N41° 52' 39''
Area : CHI - East Garfield Park
Street Dir Prefix : W
MLS Addon
Agent Name : Brandice
DaysOnMarket : 79
Directions : 3522 W Jackson, east of Central Park on north side
List Agent Full Name : Brandice Hampton
List Agent MLSID : MRD246317
List Office MLSID : MRD26495
List Office Name : Dream Town Realty
Parcel Number : 16142080250000
Sewer : Public Sewer
Tax Year : $2,022
ListAgentLastName : Hampton
Annual Tax Amount : $0
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Status : Active Under Contract
PhotosChangeTimestamp : 27/06/2024 13:53:01
Residential Income For Sale
  • Listing ID : MRD12095933
  • Bedrooms : 21
  • Bathrooms : 8
$675,000
Agent info
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