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$ 829,000

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3401 N Troy ST Chicago, IL 60618

9 Beds

UPDATED:

09/27/2024 05:38 AM

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12170136

Bedrooms 9

Year Built 1900

Annual Tax Amount $11,894

Tax Year 2022

Lot Dimensions 43 X 123.80

Property Description

Pleased to present the opportunity to purchase 3401 N Troy St, Chicago, IL, a well-maintained and professionally operated multifamily property in the highly desired Avondale neighborhood, known for its top-tier rent. This four-unit corner building sits on an extra-wide lot of 5,208 SF, boasting 1,600 SF of side yard, including a rear finished surface space for additional parking. Recent CapEx investments in the roof (2020) and electrical systems (2019) enhance the property's life and reliability. The property features a mix of one and two-bedroom apartments, all under a month-to-month lease structure with long-standing tenants, offering flexibility for immediate income improvements and potential market rent adjustments. Unit 2F contains its private 9'x9' den/office, with its own private closet/storage room. The unfinished basement has ceiling heights of 7.7 feet, with it's own private entrance from unit 1F which may serve as additional footprint for a duplex-down. Unit 1F consists of 1,350 SF with 12 foot ceilings, and it's own private 19'x8' wooden deck. Additionally, there's a four-car garage and two surface parking spaces bringing in 450.00 dollars extra income per month above the base rent. Apart from the four units, the building includes a finished third story finished space spanning 800 SF, with its own full bathroom, two bedrooms, its own gas and two entrance/exits. Its proximity to the Kennedy Expressway, CTA Blue Line stop, and established national credit tenants like Jewel-Osco, Chase Bank, Huntington Bank, Chick-fil-A, Nissan Auto, Revolution Brewery, and others adds to its higher rent per square foot than others. The oversized lot size not only supports potential expansion or outdoor amenities but also accommodates extra income via extra parking opportunity. This multifamily building promises stable income and growth potential, making it an ideal investment for those seeking a reliable income-producing property in a prime location. Additional Details: Forced air throughout all four units; each unit has its own water tank and furnace; both lots fully gated. Contact listing agent for a complete Offering Memorandum booklet including detailed building information and financials.

Location

State IL

County Cook

Area Chi - Avondale

Rooms

Basement Partial

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Garage Detached

Garage Spaces 4.0

Waterfront false

Building

Lot Description Corner Lot, Fenced Yard

Dwelling Type Two to Four Units

Sewer Public Sewer

Water Lake Michigan, Public

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Manuel Torrejon-Regalado • Keller Williams ONEChicago

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