$1,430,000
3901 W Jackson Boulevard Chicago, IL 60624
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$1,430,000
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3901 W Jackson Boulevard Chicago, IL 60624
UPDATED:
08/17/2024 08:33 AM
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12056546
Year Built 1921
Annual Tax Amount $16,053
Tax Year 2022
Lot Dimensions 6250
Property 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.
Location
State IL
County Cook
Interior
Fireplace N
Exterior
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Listed by Anthony Hardy • Keller Williams ONEChicago
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