3901 W Jackson Boulevard, Chicago, IL 60624

  • $1,430,000
  • $1,430,000
3901 W Jackson Boulevard, Chicago, IL 60624
For Sale
3901 W Jackson Boulevard, Chicago, IL 60624
  • $1,430,000
  • $1,430,000

Overview

Property ID: 20695944
  • Commercial Sale
  • Property Type
  • 1921
  • Year Built

Description

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.

  • Address 3901 W Jackson Boulevard
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60624
  • Country United States

Details

Updated on August 23, 2024 at 11:57 pm
  • Property ID: 20695944
  • Price: $1,430,000
  • Year Built: 1921
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • MLS#: MRD12056546
  • Office Name: KELLER WILLIAMS ONECHICAGO
  • Agent Name: Anthony Hardy
  • MLS Status: Active

Additional details

  • List Office MLSID: MRD87738
  • List Agent MLSID: MRD183383
  • List Date: 2024-05-15T03:43:43.000Z
  • Tax Annual: 16053
  • Tax Year: 2022
  • County: Cook

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