3221 Warren Boulevard, East Garfield Park, Chicago, Illinois 60624
$385,000
|
Sold
|
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| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 11 |
| Baths: | 0 |
| Year Built: | 1900 |
| Property Taxes: | $4,640 |
| Days On Market: | 2006 |
| Lot Size: | 0,00 |
Description
This is a rare opportunity to acquire a money-making, classic Chicago greystone 3-flat in East Garfield Park. The under-rented, in-place cap rate is 8% and, with fair market rents, this baby is a solid 11% cap! The building features three over-sized units that have all been updated in the past 7 years. Improvements include: Newer kitchens, baths, roof, parapet, updated electrical, plumbing, rear decks and windows. Each unit has individual GFAs, common laundry in the basement and there's a parking pad for 2-4 cars at the rear. A forward-thinking investor might elect to renovate the units, leverage the hefty RM-5 zoning and look to legalize a 4th unit. Alternatively, the creation of a massive, duplexed first floor/garden unit might also prove to be rewarding. Located just a block and a half from the Garfield Park Conservatory, 3 minutes to the Kedzie "L," 10 minutes to the Metra and just 3 minutes to the Eisenhower Expressway. Sustenance is but 4 minutes away at Pete's Fresh Market. Owner does not represent the legality of the basement unit. Property is being sold 'as-is.' Information deemed reliable, but not guaranteed. Use diligence.
Property Specifics
| Multi-unit | |
| — | |
| Greystone | |
| 1900 | |
| Full | |
| — | |
| No | |
| — |
| Cook | |
| — | |
| — / — | |
| — | |
| Lake Michigan | |
| Public Sewer | |
| 10731893 | |
| 16114150330000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 22 May, 2014 | Sold | $202,000 | MRED MLS |
| 1 Apr, 2014 | Under contract | $199,000 | MRED MLS |
| 20 Mar, 2014 | Listed for sale | $199,000 | MRED MLS |
| 29 Jul, 2020 | Sold | $385,000 | MRED MLS |
| 8 Jun, 2020 | Under contract | $369,900 | MRED MLS |
| 1 Jun, 2020 | Listed for sale | $369,900 | MRED MLS |
Room Specifics
Total Bedrooms: 11
Bedrooms Above Ground: 11
Bedrooms Below Ground: 0
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Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: Partially Finished
Other Specifics
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| — | |
| — | |
| — | |
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| 25 X 125 | |
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| — | |
| — | |
| — | |
| Not in DB | |
| — | |
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| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2014 | $3,963 |
| 2020 | $4,640 |
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Listing Provided By
SRFG, Inc
