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(312) 788-7079
Real Estate Company
3222-3224 W Grace Street, Chicago, Illinois 60618
- $675,000
- 4
- BD
- 4
- BA
- Sold Price
- $675,000
- List Price
- $672,200
- Closing Date
- Nov 06, 2023
- MLS#
- 11876799
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Residential Income
- Bedrooms
- 4
- Bathrooms
- 4
- Gross Rental Income
- $3,831
- County
- Cook
- City
- Chicago
- Neighborhood
- Irving Park
- Days On Market
- 7
Property Description
IRVING PARK- This 4-unit building sits in an exceptional location on a quiet tree-lined street just half a block off of the Kedzie Corridor with tons of restaurants & shopping right outside the door and easy access to Downtown Chicago, O'Hare Airport, the expressway and public transportation as well. The superb location makes it easy to find renters. All four apartments are spacious, have great natural light and are currently rented out on a month-to-month basis. Rents are below market value, leaving room for increased revenue, especially with further cosmetic updates. All tenants have access to a shared relaxing patio area as well. Building updates include: keyless entry system, newer roof, copper plumbing on supply side, all new faucets in kitchens and baths, electric updates to basement, hallways, kitchen and bathroom in apartment 2W and catch basin was recently cleaned and rodded out. Very clean and useable unfinished basement features a laundry room, work bench area, tons of general storage and one private storage unit for every apartment. It could also be utilized to duplex down and create 2BR apartments if so desired. This building presents and excellent investment opportunity and has the minimum required number of apartments to allow having an Airbnb apartment for even greater income.
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Additional Information
- School District
- 299
- Corporate Limits
- Chicago
- Tax Year
- 2021
- Tax Amount
- $11,298
- Year Built
- 1925
- Lot Dimensions
- 29 FT BY 125.5 FT
- Lot Size Range
- Oversized Chicago Lot
- Units
- 4
- Garage Spaces
- 2
- Parking Spaces
- 2
- Parking Details
- On Site, Garage Owned, Detached, Garage
- Heating
- Natural Gas, Radiator(s)
- Sewer
- Public Sewer
- Basement
- Yes
- Total Rental Income
- $3,831
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Selling Office: Berkshire Hathaway HomeServices Chicago.
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