3622 W Franklin BLVD

Chicago,IL 60624

$ 525000

9 Beds

3 Baths

- SqFt


Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12158369

Bedrooms 9

Year Built 1907

Annual Tax Amount $7,194

Tax Year 2023

Lot Dimensions 4420

Property Description

This exceptional three-flat in the vibrant Humboldt Park neighborhood features three spacious units, each with three bedrooms, one bathroom, AND its own **In-Unit Washer and Dryer + a Utility/Laundry Sink!** Renovated just 4 years ago, this property has been well-maintained and ready for minor touch-ups to reach its full potential! Each unit boasts central A/C, updated kitchens with stainless steel appliances, dishwashers, marbled quartz countertops with breakfast bars, and white shaker cabinets. Recessed lighting and the modern color palette enhances the contemporary feel throughout. Other noteworthy upgrades and features include tuckpointing and new windows (2020), while high ceilings and hardwood floors add charm + the numbered, rear, parking pad offers opportunity for additional income potential! Ideal for an owner-occupying buyer or investors, this property presents an opportunity to add personal touches or increase rental income. Currently, all units are fully occupied with tenant who pay below-market rents, two of them are on month-to-month leases and two with vouchers. With minor improvements, you can potentially capitalize on average renovated rents rates of $2,300 per month along with significant equity upside with comparable sale values of $648,500 over the past year! Located in Humboldt Park, this property is close to shopping, dining, public transit, and parks, with easy access to I-290. This opportunity won't last long-schedule a showing today to explore the potential of this fantastic three-flat! Tenants rights will apply. Property will be sold as-is where-is.

Location

State IL

County Cook

Area Chi - Humboldt Park

Zoning MULTI

Rooms

Basement None

Interior

Heating Natural Gas

Fireplace N

Exterior

Roof Type Rubber

Building

Dwelling Type Two to Four Units

Sewer Public Sewer

Water Public

New Construction false

Schools

School District 299 ,299, 299

Others

Ownership Fee Simple

Special Listing Condition None

View More
Favorite Go Tour