$ 525,000
3622 W Franklin BLVD Chicago, IL 60624
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$ 525,000
Est. payment | /mo
9 Beds
$ 525,000
Est. payment | /mo
9 Beds
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12158369
Bedrooms 9
Year Built 1907
Annual Tax Amount $7,194
Tax Year 2023
Lot Dimensions 4420
Property Description
This exceptional three-flat in the vibrant Humboldt Park neighborhood features three spacious units, each with three bedrooms, one bathroom, AND its own **In-Unit Washer and Dryer + a Utility/Laundry Sink!** Renovated just 4 years ago, this property has been well-maintained and ready for minor touch-ups to reach its full potential! Each unit boasts central A/C, updated kitchens with stainless steel appliances, dishwashers, marbled quartz countertops with breakfast bars, and white shaker cabinets. Recessed lighting and the modern color palette enhances the contemporary feel throughout. Other noteworthy upgrades and features include tuckpointing and new windows (2020), while high ceilings and hardwood floors add charm + the numbered, rear, parking pad offers opportunity for additional income potential! Ideal for an owner-occupying buyer or investors, this property presents an opportunity to add personal touches or increase rental income. Currently, all units are fully occupied with tenant who pay below-market rents, two of them are on month-to-month leases and two with vouchers. With minor improvements, you can potentially capitalize on average renovated rents rates of $2,300 per month along with significant equity upside with comparable sale values of $648,500 over the past year! Located in Humboldt Park, this property is close to shopping, dining, public transit, and parks, with easy access to I-290. This opportunity won't last long-schedule a showing today to explore the potential of this fantastic three-flat! Tenants rights will apply. Property will be sold as-is where-is.
Location
State IL
County Cook
Area Chi - Humboldt Park
Zoning MULTI
Rooms
Basement None
Interior
Heating Natural Gas
Fireplace N
Exterior
Waterfront false
Roof Type Rubber
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 None
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by D'Andre Daye • Straight-A Realty, LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "