3803 Ohio Humboldt Park Chicago IL Mf Investment | Chicago Property Listings – X Plus Real Estate

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3803 Ohio Humboldt Park Chicago IL Mf Investment

City: CHICAGO ZIP: 60624

Built In: 1920

Lot Dimensions: 65 X 121

Detailed Listing Description

Great investment opportunities for 8-unit all brick apartment building in Humboldt Park, 2 three-bedroom units and 6 two-bedroom units. Potential rent ~ $10600 per month ( pro forma). All units are ready for rehab. Works have been done, including exterior tuckpointing, New roof; Interior majority work of electricity, plumbing, HVAC duck have been done. Extra lots on the backyard for secured parking lots with new Iron gate. Each unit has separate storage space in the basement. Close proximity to Garfield Park Conservatory / schools / public transportation. ARV ~ $800-900k, with rent $10600 per month. Cap rate ~ 18%. Need $200-250k rehab cost. After rehab, cash flow beautifully. After rehab, immediately gain $250-300k profit. Located in Chicago Opportunity Zone. Great for 1031 exchange, withhold a few years, with gains tax free. Sold As-IS condition. Cash buyers only.

Additional Property Details

Comparative Data

Zip Code Comparison: 60624

Listings in this Zip Code average: 2 to 3 units, and are priced at $130,267 to $183,760
This listing is 62% more than other 8 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Humboldt Park

Listings in this Neighborhood average: 2 to 3 units, with average prices of $224,352 to $309,067
This listing is 30% more than other 8 unit listings in this neighborhood.

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Listing Agent: Christopher Goff
Listing Office: Access Real Estate Inc
2870 Bridgeport Lane Aurora

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