Skip To Content

    3943 W Addison Street

    Chicago, IL 60618
    • $740,000
    • STATUS: Active Under Contract
    • ON SITE: 10 days
    • MLS #: 11066428
    Under Contract
    UPDATED: 35 min ago
    $740,000
    • 8
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    School District:
    299

    Description

    Property is a great fit whether it is for an owner occupant or pure investment purposes. Turnkey investment property with modern updates (brick building) and stabilized rent - OVER 7% CAP RATE AT CURRENT RENTS - CASHFLOW OVER $1800/month | Unit 1F - 2 bed/ 1 bath - rented at $1545 - long term renters with lease that ends 7/31 | Unit 1R - 3 bed / 1 bath - rented at $1695 - long term tenant rented through summer 2022 | Unit 2 - 3 bed / 1 bath- rented $2120 ending 6/2022. Property has been meticulously cared for and maintenance is very minimal. This building checks all the boxes for tenants. Every unit has stainless steel appliances, dishwasher, washer/dryer in unit, HVAC (central air) & separate water heater. Kitchens feature granite countertops and beautiful islands. All bedrooms have a closet and can fit a queen size bed with a dresser. 2 car garage at property and 1 exterior spot. Building is located in an ideal spot that is close to public transportation and highway, but also in a quieter neighborhood (Avondale/Old Irving Park/Villa District). Low building expenses (all units have separated utilities) | 2019 Taxes: $7,608.06 | Operating Expenses: $4300/yr | NOI is $52,412 Note: All units are above grade, meaning no garden units and easy to rent.

    Monthly Payment Calculator



    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-06-13T08:51:51.117 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
    www.homesearchil.com/homes/117808535
    Print Image

    3943 W Addison Street Chicago, IL 60618

    • Price: $740,000
    • Status: Active Under Contract
    • Updated: 35 min ago
    • MLS #: 11066428
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    Neighborhood:
    Chi - Avondale
    County:
    Cook
    Area:
    Chi - Avondale
    School District:
    299
    Property Description
    Property is a great fit whether it is for an owner occupant or pure investment purposes. Turnkey investment property with modern updates (brick building) and stabilized rent - OVER 7% CAP RATE AT CURRENT RENTS - CASHFLOW OVER $1800/month | Unit 1F - 2 bed/ 1 bath - rented at $1545 - long term renters with lease that ends 7/31 | Unit 1R - 3 bed / 1 bath - rented at $1695 - long term tenant rented through summer 2022 | Unit 2 - 3 bed / 1 bath- rented $2120 ending 6/2022. Property has been meticulously cared for and maintenance is very minimal. This building checks all the boxes for tenants. Every unit has stainless steel appliances, dishwasher, washer/dryer in unit, HVAC (central air) & separate water heater. Kitchens feature granite countertops and beautiful islands. All bedrooms have a closet and can fit a queen size bed with a dresser. 2 car garage at property and 1 exterior spot. Building is located in an ideal spot that is close to public transportation and highway, but also in a quieter neighborhood (Avondale/Old Irving Park/Villa District). Low building expenses (all units have separated utilities) | 2019 Taxes: $7,608.06 | Operating Expenses: $4300/yr | NOI is $52,412 Note: All units are above grade, meaning no garden units and easy to rent.
    Exterior Features

    Exterior Building Type Brick Garage Details Garage Door Opener(S) Garage On Site Yes Garage Ownership Owned Garage Type Detached Is Parking Includedin Price Yes Lot Features Fenced Yard Number Of Cars 3 Parking GarageSpace/S Parking Features Off StreetEnclosed Parking On Site Yes Parking Total 1 Roof RubberFlat Unit1 Floor Level 1 Unit2 Floor Level 1 Unit3 Floor Level 2 Waterfront YN No

    Interior Features

    3 Bedroom Unit In Building Yes Appliances Features Unit1 StoveRefrigeratorWasherDryerDishwasherMicrowaveCentral Air ConditionerGarage/SpaceLaundry Hook-Up Appliances Features Unit2 StoveRefrigeratorWasherDryerDishwasherMicrowaveCentral Air ConditionerLaundry Hook-Up Appliances Features Unit3 StoveRefrigeratorWasherDryerDishwasherMicrowaveCentral Air ConditionerGarage/SpaceLaundry Hook-Up Basement None Basement Bathrooms YN No Basement Description Crawl Bathrooms Total Integer 3 Bedrooms Below Grade 0 Bedrooms Possible 8 Full Baths In Building 3 Full Baths In Unit1 1 Full Baths In Unit2 1 Full Baths In Unit3 1 Half Baths In Building 0 Half Baths In Unit1 0 Half Baths In Unit2 0 Half Baths In Unit3 0 Heating Natural GasForced Air Number Of Bedrooms Unit1 2 Number Of Bedrooms Unit2 3 Number Of Bedrooms Unit3 3 Number Of Rooms Unit1 4 Number Of Rooms Unit2 5 Number Of Rooms Unit3 6 Other Equipment Co Detectors Rooms Total 14

    Property Features

    Age Description Unknown Built Before1978 YN Yes Corporate Limits Chicago General Information None Gross Income 64320 Insurance Expense 2200 Lease Exp Date Mo Yr Unit1 07/21 Lease Exp Date Mo Yr Unit2 05/22 Lease Exp Date Mo Yr Unit3 06/22 Lot Size Less Than .25 Acre Lot Size Dimensions 30X125 Net Operating Income 52412 New Construction YN No Property Sub Type 3 Flat Rebuilt YN No Rehab Year 2016 Rehab YN Yes Security Deposit Unit1 0 Security Deposit Unit2 0 Security Deposit Unit3 0 Sewer Public Sewer Special Assessments N Special Listing Conditions None Special Service Area N Tax Annual Amount 7608.06 Tax Year 2019 Tenant Pays Unit1 ElectricGasHeatParking Tenant Pays Unit2 ElectricGasHeat Tenant Pays Unit3 ElectricGasHeatParking Total Rental Income 64320 Unit1 Rent 1545 Unit2 Rent 1695 Unit3 Rent 2120 Water Sewer Expense 1800 Water Source Public Zoning Multi

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Compass.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-06-13T08:51:51.117 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
    https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11066428-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11066428-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11066428-1.jpg
    Logo
    Littlefield Group | Keller Williams Realty
    2441 Village Green Place
    Champaign IL, 61822