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3522 W Jackson Boulevard,  Chicago IL, 60624

(Active)
$799,000
|
21 beds, 8 baths
|
MLS# 12005102
Last Updated: 4/29/2024 1:21 AM
Description for 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 fully renovated 4-unit building, formerly a condo, 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 1 and 2 rented for $1700. The Coach house rental is MTM at $1,200. Unit 3 rental is MTM at $1,922. Overall, this property presents a compelling investment proposition, underscored by its robust cash flow potential and favorable market conditions.
Price
$799,000
Cook
21
8
12005102
Active
Description
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 fully renovated 4-unit building, formerly a condo, 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 1 and 2 rented for $1700. The Coach house rental is MTM at $1,200. Unit 3 rental is MTM at $1,922. Overall, this property presents a compelling investment proposition, underscored by its robust cash flow potential and favorable market conditions.
Listing Information
Property Type: Multi-Family, Other
21 8
36 0.12 Acres 1908
Brick
West Chicago//
Public
Public Sewer
Neighborhood
Room Information
Interior Features
Gas Heat, Forced Air
Partially Finished, Unfinished, Full
Exterior / Lot Features
Brick
Flat
5325
Driving Directions
3522 W Jackson, east of Central Park on north side of Jackson
Financial Considerations
16142080250000
$9,205
Listing Price History

Chicago Real Estate

Chicago is located in Illinois. Chicago, Illinois 60624 has a population of 2,781,445.

The median household income in Chicago, Illinois 60624 is $27,226. The median household income for the surrounding county is $68,916 compared to the national median of $66,222. The median age of people living in Chicago 60624 is 38 years.

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Courtesy: Dream Town Realty
Listings courtesy of MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 4/29/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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