3901 W Jackson Boulevard Chicago, IL $ 1,430,000
3901 W Jackson Boulevard
$ 1,430,000
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3901 W Jackson Boulevard

Chicago, IL, 60624
$ 1,430,000
Bedrooms7 Baths0.0

Monthly Estimate*

$ 9,504

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Multi-Family Home for sale in Chicago, IL

for $1,430,000 with 7 bedrooms. This home was built in 1921.

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.

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Multi-Family Active

Price

$ 1,430,000

Bedrooms

7

Property Type

Multi-Family

Taxes

$ 16,053

Style

Year Built

1921

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12056546

Features
General
Year Built 1921
Tenant Pays Electricity Heat
Stories 3
Tax Year 2022
Gross Income 0
County Cook
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
Property Type Commercial Sale Multi Family 5+
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
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Days on Market 5
Standard Status Active
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Exterior
Lot Dimensions 6250
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Interior
Street Suffix Boulevard
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* Excluded Features
List By
Keller Williams Onechicago

Broker

tonyhardy@kw.com;Dealjunky101@gmail.com

Email

Affordability Calculator

$10,842
Per Month
88%
12%
0%
Monthly Principal & Interest
$9,504
Monthly Property Taxes
$1,338
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/15/2024$1,430,000 Listed Price

Map


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3901 W Jackson Boulevard, Chicago, IL, 60624 is a Multi-Family Home for sale at $1,430,000. 3901 W Jackson Boulevard has 7 bedrooms, 0.0 baths, and was built in 1921. The property's zip code is 60624 which is in Chicago, IL