3522 W Jackson BLVD

Chicago,IL 60624

$ 675000

21 Beds

8 Baths

- SqFt


Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12095933

Bedrooms 21

Year Built 1908

Annual Tax Amount $9,205

Tax Year 2022

Lot Size 5,227 Sqft

Lot Dimensions 5325

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.

Location

State IL

County Cook

Area Chi - East Garfield Park

Rooms

Basement Full

Interior

Heating Natural Gas,Forced Air

Fireplace N

Exterior

Roof Type Flat

Building

Dwelling Type Two to Four Units

Sewer Public Sewer

Water Public

New Construction false

Schools

School District 299 ,299, 299

Others

Ownership Fee Simple

Special Listing Condition Short Sale

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