3737 West Division Street

Chicago, IL 60651

$425,000
Last Sold Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

MAKE YOUR BEST OFFER / Buyers Financing Fell Through - Previous deal fell apart due to buyer unable to obtain financing at no fault of the seller. Location... Location... PRIME INVESTMENT OPPORTUNITY for owner/contractor/developer in one of Chicago's rapidly growing neighborhoods, Humboldt Park! Conveniently located steps away from public transportation and shopping. Owner-occupied for 30+ years, solid brick, 6-unit building fully rented with long-time tenants - no vacancies. Five 2-bedroom/1-bath...MAKE YOUR BEST OFFER / Buyers Financing Fell Through - Previous deal fell apart due to buyer unable to obtain financing at no fault of the seller. Location... Location... PRIME INVESTMENT OPPORTUNITY for owner/contractor/developer in one of Chicago's rapidly growing neighborhoods, Humboldt Park! Conveniently located steps away from public transportation and shopping. Owner-occupied for 30+ years, solid brick, 6-unit building fully rented with long-time tenants - no vacancies. Five 2-bedroom/1-bath units with decorative fireplaces. First front is a beauty salon currently leased. All units similar in style and condition. Current rents are below market. Capital investments have been done. All mechanicals in great condition, copper plumbing, circuit breakers and maintained rubber roof. Needs some cosmetics. All utilities paid by the tenants. Full unfinished basement with mechanicals and storage. Parking spots in back yard. Please DO NOT disturb the tenants. Agents and/or prospective buyers exposed to covid-19 or with cough or fever are not to enter this home without medical clearance. Book you appointment today! Definitely a MUST SEE for yourself!
  1. Listed by Lydia Perez-Twohey • Fathom Realty IL, LLC

Sold By EXIT Strategy Realty

Property Details for 3737 West Division Street

Area
CHI - Humboldt Park
Township
West Chicago
Num of Interior Fireplaces
4
Zoning
MULTI

Location

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LISTING UPDATED: 03/22/2024 07:31 PM

Property Details for 3737 West Division Street

StatusClosed
MLS #11842233
Days on Market236
Taxes$3,821 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1919
Lot Size0.07 AC / 2,963 SF
CountyCook County

Location

Add your commute

Building Information for 3737 West Division Street

Stories-Residences6Year Built1919Lot Size0.07 AC / 2,963 SF

Payment Calculator

$2,638 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,319

Property Taxes

$318

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3737 West Division Street

General Information
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: East/West Corridor
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Circuit Breakers
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas
  • # Of Refrigerators: 5
  • Misc Inside: Basement
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 5
  • Misc Outside: Security Gate
Utilities / Equipment
  • Utilities: Sanitary Sewer, Water-Municipal
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 24X125
  • Lot Size Square Feet: 2963.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Rubber
  • Fire Protection: Fire Extinguisher/s
  • Roof Structure: Flat
  • Building Area Total: 5526
  • # Of Offices: 0
  • # Of Ranges: 5
  • # Of Stores: 1
  • Property Sub Type: Apts/Stores
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Commercial, Office and Research, Multi-Family, Retail
  • Buyer Financing: Conventional, FHA, VA, Cash
  • Public Document Count: 0
  • Photos Count: 8
Miscellaneous
  • Current Use: Commercial
  • Location: Mixed Use Area,Public Transport Avail,In City Limits
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $360.00
  • Fuel Expense: $.00
  • Gross Income: $60,000.00
  • Gross Scheduled Income: $60,000.00
  • Insurance Expense: $3,000.00
  • Electric Expense Source: Owner Projection
  • Known Encumbrances: First Mortgage
  • Total Annual Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Net Operating Income Year: 2021
  • Total Monthly Income: 5000
  • Water Expense Source: Owner Projection
  • Net Operating Income: $50,660.00
  • Operating Expense: $9,340.00
  • Other Expense: $200.00
  • Trash Expense: $.00
  • Water Sewer Expense: $1,800.00

Property History for 3737 West Division Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3737 West Division Street

Taxable ValueLand$4,500Additions$14,500Total$19,000
Tax Record2022$3,204 ($267 / month)
Home Facts
Baths4.5Total Finished SqFt5,526 SqFtAbove Grade Finished SqFt5,526 SqFtStories3Lot Size3,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1917CountyCOOKAPN16-02-304-009

Schools near 3737 West Division Street

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 - K to 7
Rating
School
Distance
Cameron Elementary School
PublicPK to 8

Orr Academy High School
Public9 to 12

Rowe-Clark Math & Science Academy
Charter9 to 12

KIPP One Academy
CharterK to 7

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.

Neighborhood Map and Transit

Similar Homes

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Similar Sold Homes

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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 Fathom Realty IL, LLC

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.