3943 West Addison Street

Chicago, IL 60618

$750,000
Price
8
Beds
3
Baths
2,728 Sq. Ft.
$275 / Sq. Ft.
2,728
Sq. Ft.
$275
per Sq. Ft.

Description

Property is a great fit whether it is for an owner occupant or pure investment purposes. Building has been diligently maintained - fresh tuckpointing with new window lintels! New paint in units, roof has recent silver coating, and vapor barrier in crawl space. TURNKEY investment property with modern updates (brick building) and stabilized rent - OVER 7% CAP RATE AT CURRENT RENTS - CASHFLOW OVER $1800/month | Unit 1F - 2 bed/ 1 bath - rented at $1525 - long term renters with lease that ends summer...Property is a great fit whether it is for an owner occupant or pure investment purposes. Building has been diligently maintained - fresh tuckpointing with new window lintels! New paint in units, roof has recent silver coating, and vapor barrier in crawl space. TURNKEY investment property with modern updates (brick building) and stabilized rent - OVER 7% CAP RATE AT CURRENT RENTS - CASHFLOW OVER $1800/month | Unit 1F - 2 bed/ 1 bath - rented at $1525 - long term renters with lease that ends summer 2022 | Unit 1R - 3 bed / 1 bath - rented at $1695 - long term tenant rented through summer 2022 | Unit 2 - 3 bed / 1 bath- rented at $2025 through March 2023. Maintenance is very minimal, and current maintenance person/handyman can continue to service the building as needed. This building checks all the boxes for tenants. Every unit has stainless steel appliances, dishwasher, washer/dryer in unit, HVAC (central air) & separate water heater. Kitchens feature granite countertops and beautiful islands. All bedrooms have a closet and can fit a queen size bed with a dresser. 2 car garage at property and 1 exterior spot. Building is located in an ideal spot that is close to public transportation and highway, but also in a quieter neighborhood (Avondale/Old Irving Park/Villa District). Low building expenses (all units have separated utilities) | NOI is $52,412 Note: All units are above grade, meaning no garden units and easy to rent.

Listing Agent

  1. Steve Kehoe

    Steve Kehoe

    Listing Agent

    Compass

Property Details for 3943 West Addison Street

Status
Cancelled
Area
CHI - Avondale

Amenities

  • Patio
  • Back Yard
  • Common Outdoor Space
  • Barbecue Area
  • Walk Up
  • Garage
  • On-site Parking
  • Kitchen Dining

Location

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LISTING UPDATED: 08/31/2022 10:28 AM

Property Details for 3943 West Addison Street

StatusCancelled
Days on Market-
Taxes$7,339 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type-
Year Built1910
Lot Size0.07 AC / 3,125 SF
CountyCook County

Location

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Virtual Tour

Building Information for 3943 West Addison Street

Stories2Residences3Year Built1910Building Size-Lot Size0.07 AC / 3,125 SFSenior Community-Levels / Stories-Waterfront-

Payment Calculator

$5,626 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,014

Property Taxes

$612

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3943 West Addison Street

Property Information
Interior Features
  • Bedrooms All Levels: 8
  • Total Full Half Baths: 3
  • Num Of Full Baths: 3
  • Num Of Half Baths: 0
Property/Lot Information
  • Property Type: Two to Four Units
  • Type Detached: 2 Stories
  • Type Attached: Low Rise (1-3 Stories)
  • Total Sq Ft: 2728
  • Lot Size: 3125.0

Property History for 3943 West Addison 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 3943 West Addison Street

Taxable ValueLand$10,937Additions$35,062Total$45,999
Tax Record2022$9,499 ($792 / month)
Home Facts
Baths3Total Finished SqFt2,728 SqFtAbove Grade Finished SqFt2,728 SqFtStories2Lot Size3,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1908CountyCOOKAPN13-23-300-007

Schools near 3943 West Addison 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 - PK to 6
Public - 7 to 8
Rating
School
Distance
Reilly Elementary School
PublicPK to 8

Schurz High School
Public9 to 12

Disney Ii Elementary School
PublicPK to 6

Marshall Middle School
Public7 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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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 08/31/2022 10:28 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.