3221 West Warren Boulevard

Chicago, IL 60624

$385,000
Last Sold Price
11
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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.
  1. Listed by Scott Siegel • SRFG, Inc

Sold By Green City Realty, Inc.

Property Details for 3221 West Warren Boulevard

Area
CHI - East Garfield Park
Township
North Chicago
Ownership
Fee Simple
Num Of Parking Spaces
4.0
Num Of Cars
4.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air
Architectural Style
Greystone

Location

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LISTING UPDATED: 05/05/2021 09:25 AM

Property Details for 3221 West Warren Boulevard

StatusClosed
MLS #10731893
Days on Market58
Taxes$4,640 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1900
Lot Size0.07 AC / 3,125 SF
CountyCook County

Location

Add your commute

Building Information for 3221 West Warren Boulevard

Stories-Residences3Year Built1900Building Size-Lot Size0.07 AC / 3,125 SF

Payment Calculator

$2,488 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,101

Property Taxes

$387

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3221 West Warren Boulevard

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Unassigned, Off Alley
  • Parking On Site: true
  • Parking Ownership: Owned
Property Information
Interior Features
  • Num Of Rooms: 27
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 11
  • Basement Description: Partially Finished
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Standard Chicago Lot
  • Lot Dimensions: 25 X 125
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Rubber
  • General Information: None
  • North Coordinate: 25
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 3221
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 4
  • Document Date: 2020-05-29T14:49:24
  • Photos Count: 41
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $252.00
  • Fuel Expense: $840.00
  • Gross Income: $39,000.00
  • Insurance Expense: $1,200.00
  • Electric Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Broker Projection
  • Other Addl Income: Coin Laundry
  • Water Expense Source: Actual
  • Water Sewer Expense: $1,440.00
Unit 1
  • Unit Type Actual Rent: $750.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Floor # - Unit 1: 1
  • # Of Rooms - Unit 1: 6
  • # Half Baths-Unit 1: 0
  • # Full Baths-Unit 1: 1
  • Appliances/Features Unit 1: Stove, Refrigerator, Microwave
  • Sec Deposit $ - Unit 1: 0
  • Tenant Pays - Unit 1: Electric, Gas, Heat
Unit 2
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 2
  • Floor # - Unit 2: 2
  • # Of Rooms - Unit 2: 7
  • # Half Baths-Unit 2: 0
  • # Full Baths-Unit 2: 1
  • Appliances/Features Unit 2: Stove, Refrigerator
  • Lease Exp Date (Mo/Yr) - Unit 2: 06-20-2024
  • Sec Deposit $ - Unit 2: 0
  • Tenant Pays - Unit 2: Electric, Gas, Heat
Unit 3
  • Unit Type Actual Rent: $1,450.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 3
  • Floor # - Unit 3: 3
  • # Of Rooms - Unit 3: 7
  • # Half Baths-Unit 3: 0
  • # Full Baths-Unit 3: 1
  • Appliances/Features Unit 3: Stove, Refrigerator, Microwave
  • Lease Exp Date (Mo/Yr) - Unit 3: 04-21-2024
  • Sec Deposit $ - Unit 3: 0
  • Tenant Pays - Unit 3: Electric, Gas, Heat

Property History for 3221 West Warren Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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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 SRFG, Inc

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.