3400 North Harding Avenue
3400 North Harding Avenue
$1,220,000
10
7
—
—
—
Closed 7/10/23
Description
Where else can you find a 7 unit, brick building on an oversized 35' wide lot, currently price at a 7.1 cap/10.3GRM and will naturally increase to over an 8 cap in less than 3 months as tenants agreed upon rents increase. Located at the prime corner of Harding and Roscoe in the heart of Avondale, walking distance to public transportation, easily accessible to the CTA blue line and 90/94. This building features a mix of one and two-bedroom apartments, generating $9,450/month in rental income. The...Where else can you find a 7 unit, brick building on an oversized 35' wide lot, currently price at a 7.1 cap/10.3GRM and will naturally increase to over an 8 cap in less than 3 months as tenants agreed upon rents increase. Located at the prime corner of Harding and Roscoe in the heart of Avondale, walking distance to public transportation, easily accessible to the CTA blue line and 90/94. This building features a mix of one and two-bedroom apartments, generating $9,450/month in rental income. The building is expected to increase the rents to over $10,500/month by the fall once the current leases cycle up to market rates. All apartments feature central heat, a laundry facility in the basement, and additional storage closets. Additionally, there is unfinished space that could be duplexed into an existing unit or turned into another apartment, providing even more rental income potential. In the last 18 months the building has had a brand new tear off rubber roof, tuck-pointing, new concrete and drainage installed, a brand new tandem parking pad, new furnaces in 3 apartments, brand new plumbing and electric installed in the basement and rehabbed apartment, a brand new laundry facility, new windows where needed, a partial update of the bathroom and kitchen in the garden apartment. There is still plenty of upside to add value to the remaining apartments and increase rents further. Look no further than 3400 N. Harding, this is an optimal turnkey ready investment property to add to any existing portfolio or for any neighborhood investor wanting to safely invest their money!
Listing Agents
Sold By Fitzgerald Real Estate Inc.
Property Details for 3400 North Harding Avenue
Area
CHI - Avondale
Num Of Parking Spaces2.0
Location
LISTING UPDATED: 07/11/2023 02:04 AM
Property Details for 3400 North Harding Avenue
Status | Closed |
---|---|
MLS # | 11778817 |
Days on Market | 62 |
Taxes | $13,323 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Flats |
Year Built | 1927 |
Lot Size | 0.10 AC / 4,356 SF |
County | Cook County |
Location
Virtual Tour
Building Information for 3400 North Harding Avenue
Stories-Residences7Year Built1927Building Size-Lot Size0.10 AC / 4,356 SF
Payment Calculator
$7,768 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 3400 North Harding Avenue
Property History for 3400 North Harding Avenue
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 3400 North Harding Avenue
Taxable ValueLand$15,179Additions$50,820Total$65,999
Tax Record2022$13,629 ($1,136 / month)
Home Facts
Baths6Total Finished SqFt4,630 SqFtAbove Grade Finished SqFt4,630 SqFtStories2Lot Size4,337 SqFtStyleMulti-Family Res (5+ Units)Year Built1925CountyCOOKAPN13-23-309-029
Schools near 3400 North Harding Avenue
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Reilly Elementary School PublicPK to 8 | ||
Schurz High School Public9 to 12 | ||
Antonia Pantoja High School Charter9 to 12 | ||
ASPIRA Charter - Early College Pr 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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