Residential Income for Sale: 3401 N Troy, Chicago, IL 60618
9 beds
$749,000
$749,000
3401 N Troy,
Chicago, IL 60618
9 beds
$749,000
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Price:
$749,000
$50,000 - 12/08/2024
Est. payment: Skip to Mortgage Calculator
Type Residential Income
Beds 9
Year Built 1900
City Chicago
County Cook
School District 299
MLS 12195523
Status Active
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.
Room Features
Basement Description Unfinished
Lot & Building Features
Heating Forced Air, Natural Gas
Parking Description Garage, Space/s
Sewer Public Sewer
Tax Year 2022
Water Lake Michigan, Public
Lot Dimensions 43 X 123.80 ft
Community and Schools
Elementary School 299
Price History of 3401 Troy, Chicago, IL
Date | Name | Price | Difference |
---|---|---|---|
12/08/2024 | Price Adjustment | $749,000 | 6.26% |
12/31/1969 | Listing Price | $799,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
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3401 Troy (MLS #12195523) is a residential income listing located in Chicago, IL. This property was listed on 10/23/2024 and has been priced for sale at $749,000.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information courtesy of: Keller Williams ONEChicago |