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3522 W Jackson Blvd
Chicago, IL 60624
Build-to-Rent Property For Sale
·
4 Units
PROPERTY FACTS
| No. Units | 4 | Total Plot Size | 0.12 ac |
| Property Type | Build-to-Rent | Property Size | 6,237 sq ft |
| Property Subtype | Apartment | Average Occupancy | 75% |
| Apartment Style | Low-Rise | No. Floors | 3 |
| Costar Property Class | C | Year Built/Renovated | 1920/2007 |
| Use Class | RM-5 | ||
| No. Units | 4 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.12 ac |
| Property Size | 6,237 sq ft |
| Average Occupancy | 75% |
| No. Floors | 3 |
| Year Built/Renovated | 1920/2007 |
| Use Class | RM-5 |
ABOUT 3522 W JACKSON BLVD , CHICAGO, IL 60624
2007 renovated former condo building in hot East Garfield Park - EXCELLENT CASH FLOW OPPORTUNITY WITH RENTAL UPSIDE See attached offering memorandum for full details • Full renovation in 2007, since deconverted from condos • Three 6-bed / 2-bath units in front building + vacant basement (all bedrooms are 9x10 or larger with a closet). Units have large living room, separate dining room and separate kitchen • One 3-bed / 1.5-bath duplex coach house in rear • All units rented under market value & CHA pays 100% of rent • Copper plumbing, updated electric, individual HVAC / hot water tanks, in-unit laundry (3rd floor front unit has central AC condenser) • Ready for quick sale: no violations, recent updates/renovations • Top floor 6 bed / 2 bath intentionally left vacant for showings - 1st and 2nd floor front units are EXACT same floor plan • ~20 pictures of coach house unit available • 6-bed CHA vouchers have the potential for $1700-1900/month; CH unit CHA voucher $1450-1550/month market value with market rent adjustment request • Full basement for potential 5th unit
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 3+2 | 1 | £1,222 | 1,500 |
| 6+2 | 3 | £1,580 | 1,700 |
PROPERTY TAXES
| Parcel Number | 16-14-208-025-0000 | Improvements Assessment | £47,313 |
| Land Assessment | £5,770 | Total Assessment | £53,084 |
PROPERTY TAXES
