3221 West Warren Boulevard
3221 West Warren Boulevard
$385,000
11
3
—
—
—
Closed 7/29/20
Description
This is a rare opportunity to acquire a money-making, classic Chicago greystone 3-flat in East Garfield Park. The under-rented, in-place cap rate is 8% and, with fair market rents, this baby is a solid 11% cap! The building features three over-sized units that have all been updated in the past 7 years. Improvements include: Newer kitchens, baths, roof, parapet, updated electrical, plumbing, rear decks and windows. Each unit has individual GFAs, common laundry in the basement and there's a parking...This is a rare opportunity to acquire a money-making, classic Chicago greystone 3-flat in East Garfield Park. The under-rented, in-place cap rate is 8% and, with fair market rents, this baby is a solid 11% cap! The building features three over-sized units that have all been updated in the past 7 years. Improvements include: Newer kitchens, baths, roof, parapet, updated electrical, plumbing, rear decks and windows. Each unit has individual GFAs, common laundry in the basement and there's a parking pad for 2-4 cars at the rear. A forward-thinking investor might elect to renovate the units, leverage the hefty RM-5 zoning and look to legalize a 4th unit. Alternatively, the creation of a massive, duplexed first floor/garden unit might also prove to be rewarding. Located just a block and a half from the Garfield Park Conservatory, 3 minutes to the Kedzie "L," 10 minutes to the Metra and just 3 minutes to the Eisenhower Expressway. Sustenance is but 4 minutes away at Pete's Fresh Market. Owner does not represent the legality of the basement unit. Property is being sold 'as-is.' Information deemed reliable, but not guaranteed. Use diligence.
- Listed by Scott Siegel • SRFG, Inc
Sold By Green City Realty, Inc.
Property Details for 3221 West Warren Boulevard
Area
CHI - East Garfield Park
TownshipNorth Chicago
OwnershipFee Simple
Num Of Parking Spaces4.0
Num Of Cars4.0
Parking Included in PriceYes
Heat/FuelNatural Gas, Forced Air
Architectural StyleGreystone
Location
LISTING UPDATED: 05/05/2021 09:25 AM
Property Details for 3221 West Warren Boulevard
Status | Closed |
---|---|
MLS # | 10731893 |
Days on Market | 58 |
Taxes | $4,640 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 3 Flat |
Year Built | 1900 |
Lot Size | 0.07 AC / 3,125 SF |
County | Cook County |
Location
Building Information for 3221 West Warren Boulevard
Stories-Residences3Year Built1900Building Size-Lot Size0.07 AC / 3,125 SF
Payment Calculator
$2,488 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 3221 West Warren Boulevard
Property History for 3221 West Warren Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3221 West Warren Boulevard
Taxable ValueLand$3,671Additions$33,328Total$36,999
Tax Record2022$7,636 ($636 / month)
Home Facts
Baths3Total Finished SqFt5,551 SqFtAbove Grade Finished SqFt5,551 SqFtStories3Lot Size3,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1888CountyCOOKAPN16-11-415-033
Schools near 3221 West Warren Boulevard
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Beidler Elementary School PublicPK to 8 | ||
Marshall Metropolitan High School Public9 to 12 | ||
Locke A Elementary Charter Academy CharterK to 8 | ||
LEARN 7 Elementary School CharterK to 5 |
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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