3245 West 23rd Street
3245 West 23rd Street
$1,950,000
20
13
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Description
Welcome to the perfect investment opportunity in the vibrant neighborhood of Little Village! Presenting a 10-unit multifamily building that combines the benefits of a prime location, below market rents, and recently rehabbed units. This property offers tremendous potential for both immediate cash flow and long-term growth. One of the standout features of this multifamily building is its below market rents. With rental rates lower than the prevailing market rates in the area, this property provides...Welcome to the perfect investment opportunity in the vibrant neighborhood of Little Village! Presenting a 10-unit multifamily building that combines the benefits of a prime location, below market rents, and recently rehabbed units. This property offers tremendous potential for both immediate cash flow and long-term growth. One of the standout features of this multifamily building is its below market rents. With rental rates lower than the prevailing market rates in the area, this property provides a unique advantage. This presents an excellent opportunity for an investor to capitalize on the potential for increased cash flow. By gradually raising the rents to market levels, you can significantly boost your monthly income and enhance the overall profitability of the investment. Located in the vibrant community of Little Village, this building is situated in an area experiencing rapid growth and development.
- Listed by Jacob Elgazar • First Western Properties
Property Details for 3245 West 23rd Street
Area
CHI - South Lawndale
Num Of Parking Spaces0.0
Location
LISTING UPDATED: 09/11/2023 12:07 AM
Property Details for 3245 West 23rd Street
Status | Active |
---|---|
MLS # | 11876743 |
Days on Market | 454 |
Taxes | $7,843 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Multi Family 5+-Other |
Year Built | 1960 |
Lot Size | 0.07 AC / 3,000 SF |
County | Cook County |
Location
Building Information for 3245 West 23rd Street
Stories-Residences10Year Built1960Building Size-Lot Size0.07 AC / 3,000 SF
Payment Calculator
$11,296 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 3245 West 23rd Street
Property History for 3245 West 23rd Street
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 3245 West 23rd Street
Taxable ValueLand$3,319Additions$31,219Total$34,538
Tax Record2022$7,104 ($592 / month)
Home Facts
Baths6Total Finished SqFt5,883 SqFtAbove Grade Finished SqFt5,883 SqFtStories3Lot Size2,825 SqFtStyleMulti-Family Res (5+ Units)Year Built1908CountyCOOKAPN16-26-214-006
Schools near 3245 West 23rd Street
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | PK to 8 |
Rating | School | Distance |
---|---|---|
Kanoon Elementary Magnet School PublicPK to 8 | ||
Farragut Career Academy High School Public9 to 12 | ||
Spry Community Links High School Public9 to 12 | ||
Saucedo Elementary Scholastic Academy PublicPK to 8 |
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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