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Lisa Carstens

lisacarstenshomes@gmail.com +1(563) 370-3119

$ 849,000

Est. payment | -/mo

6 Beds

3 Baths

Save

$ 849,000

Est. payment | -/mo

Save

6 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12793658

Style Queen Anne,Victorian

Bedrooms 6

Year Built 1941

Annual Tax Amount $12,500

Tax Year 2025

Lot Dimensions 125 X 45

Property Sub-Type Two to Four Units

Property Description

INVESTORS LOOKING FOR THEIR NEXT PLAY SHOULD PAY CLOSE ATTENTION HERE...INTRODUCING THIS HANDSOME VICTORIAN/QUEEN ANNE INSPIRED ALL BRICK THREE UNIT BUILDING SITUATED ON AN OVERSIZED 45 X 125 LOT IN THE HEART OF COVETED IRVING PARK. A TRULY WALK TO EVERYTHING LOCATION. THE SIZE OF ALL THREE UNITS WILL BLOW YOU AWAY...DON'T JUDGE BOOK BY ITS COVER. THERE IS A 3 BED/1 BATH UNIT PLUS SUNROOM (COULD BE 4TH BEDROOM) ON THE MAIN FLOOR (1800 SQ. FT.), 2 BED/1 BATH UNIT PLUS SUNROOM (COULD BE 3RD BEDROOM) ON THE SECOND FLOOR (1450 SQ. FT) & AN EXPANSIVE ONE BED/ONE BATH UNIT IN THE LOWER LEVEL (1200 SQ. FT.) ALL THREE RENTED WITH FORMAL LEASES, SECURITY DEPOSITS AND EXCEPTIONAL TENANTS THROUGH MID-SUMMER 2027. TOTAL MONTHLY RENT IS $5700 OR $68,400 ANNUALLY. ALL LEASES AVAILABLE UPON REQUEST. ALL RENTS ARE WELL BELOW MARKET AND CURRENT OWNER DOES NOT CHARGE ADDITIONAL RENT FOR SPACES IN THE THREE CAR GARAGE, THE ONE OUTSIDE PARKING SPACE PAD OR LAUNDRY. WE PROJECT WITH NEW TENANTS, OR RENEWALS IN THE SUMMER OF 2027, MARKET RENTS & PARKING INCOME, THE GROSS RENT COULD BE INCREASED BY AT LEAST $1200 A MONTH OR $14,400 A YEAR. THIS CAN BE ACHIEVED WITHOUT INCREASING EXPENSES. THIS ANTICIPATED & REALISTIC INCREASE IN REVENUE MAKES, WHAT IS A SOLID INVESTMENT TODAY, A SLAM DUNK INVESTMENT IN THE LONG RUN. EACH OF THESE UNITS FEATURE VERY GENEROUS ROOM SIZES THROUGHOUT...SEE FLOOR PLANS...PICTURES BEHIND EACH FLOOR PLAN ARE OF THE UNIT UNDER THAT FLOOR PLAN... MAJOR UPDATES & UPGRADES OVER THE LAST SEVERAL YEARS INCLUDING THE GUT REHAB OF THE LOWER LEVEL UNIT. FIRST & SECOND FLOORS FEATURE EAT-IN KITCHENS, SEPERATE LIVING & DINING ROOMS, HARDWOOD FLOORS, WOOD BURNING FIREPLACES & ENCLOSED PORCHES FOR EXTRA LIVING SPACE. THE BIG LOT MEANS GREAT YARD SPACE & ROOM FOR A DECK AND WONDERFUL THREE CAR BRICK GARAGE (JUST WAITING FOR YOU TO ADD ROOF DECK) WITH AN ADDITIONAL OUTDOOR SPACE. LAUNDRY & EXTRA STORAGE FOR ALL UNITS IN THE LOWER LEVEL. IMPORTANTLY ALL MAJOR INFRASTRUCTURE IMPROVEMENTS HAVE BEEN DONE IN LAST 6 YEARS...NEW TEAR OFF ROOF, NEW BOILER, NEW WATER HEATER, TWO NEW 200 AMP PANELS WITH GARAGE NOW SET FOR EV, TUCKPOINTING & MORE. NOT TO BE MISSED!

Location

State IL

County Cook

Area Chi - Irving Park

Zoning MULTI

Body of Water INCREDIBLE OPPORTUNITY

Rooms

Basement Partially Finished, Full

Interior

Heating Gas, Steam

Equipment CO Detectors, Ceiling Fan(s), Water Heater-Gas

Fireplace N

Exterior

Garage Spaces 3.0

Community Features Curbs, Sidewalks, Street Lights, Street Paved

Utilities Available Cable Available

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan, Public

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Listed by Peter Cummins of Baird & Warner

Nearby Locations

Lisa Carstens

REALTOR® Iowa S41251000IL 475156328FL SL3503455

+1(563) 370-3119 | lisacarstenshomes@gmail.com

3935 N KIMBALL AVE Chicago, IL 60618

Lisa Carstens

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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3935 N KIMBALL AVE