3400 North Harding Avenue

Chicago, IL 60618

$1,220,000
Last Sold Price
10
Beds
7
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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

  1. Joe Kotoch

    Joe Kotoch

    Listing Agent

    Compass

    joe.kotoch@compass.com

    P: 773.270.2495

  2. Audrey Jones

    Audrey Jones

    Alternative Listing Agent

    Compass

Sold By Fitzgerald Real Estate Inc.

Property Details for 3400 North Harding Avenue

Area
CHI - Avondale
Num Of Parking Spaces
2.0

Location

Add your commute
LISTING UPDATED: 07/11/2023 02:04 AM

Property Details for 3400 North Harding Avenue

StatusClosed
MLS #11778817
Days on Market62
Taxes$13,323 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1927
Lot Size0.10 AC / 4,356 SF
CountyCook County

Location

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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

30 year fixed, 7.25% Interest

Principal and Interest

$6,658

Property Taxes

$1,110

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3400 North Harding Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Electric: Service - 101 to 200 Amps
  • # Of Washers: 3
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas
  • # Of Refrigerators: 7
  • # Of Dryers: 3
  • Num of Baths: 7.0
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 35X125
  • Stories: 2
  • # Of Ranges: 7
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 24
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $498.00
  • Fuel Expense: $2,376.00
  • Gross Income: $115,800.00
  • Gross Scheduled Income: $115,800.00
  • Insurance Expense: $4,500.00
  • Maintenance Expense: $12,697.00
  • Electric Expense Source: Actual
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Owner Projection
  • Janitor Expense: 0
  • Repairs-Decor Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 9450
  • Water Expense Source: Actual
  • Net Operating Income: $84,135.00
  • Operating Expense: $31,665.00
  • Other Expense: $.00
  • Trash Expense: $1,176.00
  • Water Sewer Expense: $1,594.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 4
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 3
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 3400 North Harding Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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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.

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. Based on information submitted to the MLS GRID as of 07/11/2023 02:04 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.