Address
3901 W Jackson Boulevard, Chicago, IL
Price
$ 1,430,000
Property Attributes
  • MLS#12056546
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - West Garfield Park
  • NeighborhoodGarfield Park
  • Zip60624
  • Style
  • Year Built1921
  • Taxes$ 16053
  • Price$ 1,430,000
  • Bedrooms7
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Key Details: Property Type: Multifamily Residential Units:13 (10) 2-bedroom units (3) 3-bedroom units Listing Price:$1,430,000 Cap Rate:8.55% Current Annual NOI: $122,292 Location & Market Insights: Strategically situated in a vibrant neighborhood of Chicago, the property benefits from a location that is poised for growth and stability. The surrounding area offers a blend of community amenities and economic potential, making it an attractive choice for both residents and investors. Investment Highlights: 1. Strong Financial Returns: With a capitalization rate of 8.55%, the property offers an attractive return on investment, projecting an annual net operating income of $122,292. This makes it a highly appealing asset for investors prioritizing income potential and financial stability. 2. Growth Potential: The multifamily property's value is set to appreciate due to its urban location. Potential rent increases and market trends can offer significant capital growth, providing investors with a strong opportunity for long-term gains. 3. Steady Cash Flow: The property features a diverse tenant base across its 13 units, reducing the financial risks related to tenant turnover. This ensures a more predictable and stable cash flow, supporting reliable earnings over time. 4. High-Yield, Low-Risk Asset: The property's mix of unit sizes ensures a consistent demand from tenants, while its strategic location minimizes vacancy risk. It stands out as a high-yield, low-risk investment in a prime urban market. This property at 3901 W. Jackson Blvd. presents a valuable opportunity for investors seeking a steady, reliable, and profitable asset in Chicago's dynamic real estate market.

Price History
5/15/2024 Listed $1,430,000

General Features

Year Built 1921
Tenant Pays Electricity,Heat
Stories 3
Tax Year 2022
County Cook
Property Type Commercial Sale
Status Active
Directions Turn left onto N Homan Ave. Turn right onto W Washington Blvd Turn left onto N Hamlin Ave Turn right onto W Jackson Blvd
City Chicago
NumberOfUnitsTotal 13
MLS Area CHI - West Garfield Park
Street Name Jackson
Tax Annual Amount 16053
Additional Parcels Y/N No
Days on Market 5
Standard Status Active
Property Type Multi Family 5+

Interior Features

Street Suffix Boulevard

Exterior Features

Lot Dimensions 6250

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60624

Price
AVG $460K
$1.43M
Taxes
AVG $4,436
$16,053
Visits
AVG 243
119
Data Provided by Inside Real Estate®
Year Built
AVG 1921
1921