3142 South Wells Street

Chicago, IL 60616

$430,000
Price
7
Beds
4
Baths
3
1/2 Baths
3,518 Sq. Ft.
$122 / Sq. Ft.
3,518
Sq. Ft.
$122
per Sq. Ft.

Description

Prime Investment Opportunity in Armour Square/Bridgeport Discover a unique investment just a short walk from Guaranteed Rate Field. This building comes with blueprints for a three-unit, 4 story property transformation, permit approval in final stages. Envision modern, open-concept living spaces with large kitchens and laundry in each unit. A 3 bedroom, 2.1 bath, owner's duplex up and two additional units with 2 bedrooms and 1.1 baths. Gutted and ready for renovation, this property is perfect for...Prime Investment Opportunity in Armour Square/Bridgeport Discover a unique investment just a short walk from Guaranteed Rate Field. This building comes with blueprints for a three-unit, 4 story property transformation, permit approval in final stages. Envision modern, open-concept living spaces with large kitchens and laundry in each unit. A 3 bedroom, 2.1 bath, owner's duplex up and two additional units with 2 bedrooms and 1.1 baths. Gutted and ready for renovation, this property is perfect for contractors, real estate investors, or savvy buyers with cash or 203K financing, offering a blank canvas in one of Chicago's most desirable locations.
  1. Listed by Alejandra Neri • RE/MAX LOYALTY

Property Details for 3142 South Wells Street

Area
CHI - Armour Square
Township
South Chicago
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Heat/Fuel
Natural Gas, Forced Air

Location

Listing Courtesy of RE/MAX LOYALTY
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LISTING UPDATED: 03/14/2024 11:51 AM

Property Details for 3142 South Wells Street

StatusActive
MLS #11992324
Days on Market97
Taxes$6,636 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1885
Lot Size0.07 AC / 3,049 SF
CountyCook County

Location

Listing Courtesy of RE/MAX LOYALTY
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Building Information for 3142 South Wells Street

Stories-Residences3Year Built1885Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

$2,900 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,347

Property Taxes

$553

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3142 South Wells Street

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Property Information
Interior Features
  • Num Of Rooms: 16
  • Bedrooms (Below Grade): 0
  • Basement Type: Full, English
  • Bedrooms Possible: 7
  • Basement Description: Exterior Access
  • # Full Baths in Building: 4
  • # Half Baths in Building: 3
  • Num of Baths: 4.3
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 25X125
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding, Brick
  • Foundation Details: Concrete Perimeter
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • North Coordinate: 0
  • South Coordinate: 3142
  • East Coordinate: 0
  • West Coordinate: 200
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Buyer Financing: Cash, Other
  • Public Document Count: 0
  • Photos Count: 15
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 0
Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 0
Unit 3
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 3
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 0

Property History for 3142 South Wells Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3142 South Wells Street

Taxable ValueLand$13,750Additions$7,190Total$20,940
Tax Record2022$4,307 ($359 / month)
Home Facts
Baths2Total Finished SqFt1,344 SqFtAbove Grade Finished SqFt1,344 SqFtStories2Lot Size3,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1888CountyCOOKAPN17-33-202-041

Schools near 3142 South Wells Street

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 10 to 12
Charter - 9 to 12
Rating
School
Distance
Ward J Elementary School
PublicPK to 8

Phillips Academy High School
Public9 to 12

YCCS-Youth Connection Leadership
Charter10 to 12

Youth Connections Charter High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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3142 South Wells Street is a multi-family home for sale in Chicago, IL 60616. This property was listed for sale on February 28, 2024 by RE/MAX LOYALTY, it's currently listed at $430,000. It has been on the market for a total of 97 days and was last sold on August 11, 2021. This listing's school district is City Of Chicago School District 299. Nearby schools include Ward J Elementary School, Phillips Academy High School and YCCS-Youth Connection Leadership. 3142 South Wells Street is a 7-bed, 5.5-bath, 3,518 sqft multi-family home built in 1885.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX LOYALTY

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.