3948 West Congress Parkway

Chicago, IL 60624

$650,000
Price
12
Beds
7
Baths
1
1/2 Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Thriving cash flow at this investor's dream in Garfield Park! Exceptionally large 5-unit, all brick building includes 5 updated apartments, with newer kitchens, bathrooms, windows, plumbing, and electrical. Each unit is supplied with appliances, W/D, water heater, and furnace. There are two 4-Bed/2-bath apartments, showcasing vintage fireplace charm, a sunroom with an open southern view, and additional living space/closets throughout. Two apartments (1-bed/1-bath, 2-bed/1.5-bath) share the 3rd floor...Thriving cash flow at this investor's dream in Garfield Park! Exceptionally large 5-unit, all brick building includes 5 updated apartments, with newer kitchens, bathrooms, windows, plumbing, and electrical. Each unit is supplied with appliances, W/D, water heater, and furnace. There are two 4-Bed/2-bath apartments, showcasing vintage fireplace charm, a sunroom with an open southern view, and additional living space/closets throughout. Two apartments (1-bed/1-bath, 2-bed/1.5-bath) share the 3rd floor and were also recently updated, with newer utilities, appliances, and washer/dryer. The legal garden unit (1 bed/1 bath) off the front entranceway was rehabbed as well and is a solid income earner. All-brick two-car garage in back. Great location for long/short term tenants-Steps from the Pulaski Blue-line, 290, and Garfield Park.
  1. Listed by Ross Wall • @properties Christie's International Real Estate
  2. Listed by James Clemmons • @properties Christie's International Real Estate

Property Details for 3948 West Congress Parkway

Area
CHI - West Garfield Park
Township
West Chicago
Zoning
MULTI

Location

Listing Courtesy of @properties Christie's International Real Estate
Add your commute
LISTING UPDATED: 04/29/2024 11:17 AM

Property Details for 3948 West Congress Parkway

StatusActive
MLS #12019308
Days on Market25
Taxes$2,683 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1917
Lot Size0.07 AC / 3,049 SF
CountyCook County

Location

Listing Courtesy of @properties Christie's International Real Estate
Add your commute

Building Information for 3948 West Congress Parkway

Stories-Residences5Year Built1917Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

$3,771 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,547

Property Taxes

$224

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3948 West Congress Parkway

General Information
Addtl Parking Information
  • Indoor Parking: Detached
  • Open Parking Spaces: 2.0
Location and General Information
  • Frontage Type: City Street
  • 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
  • # Of Washers: 5
  • Basement Description: Partially Finished
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas,Separate Per Unit
  • # Of Refrigerators: 5
  • # Of Dryers: 5
  • Num of Baths: 7.1
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Interior Entrance,Flats
  • Lot Dimensions: 25X125
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Building Area Total: 5165
  • # Of Ranges: 5
  • MRD_UNC: No
Property and Assessments
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 3
  • Document Date: 2024-04-09T23:59:55
  • Photos Count: 47
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $600.00
  • Fuel Expense: $1,200.00
  • Gross Income: $93,000.00
  • Gross Scheduled Income: $93,000.00
  • Insurance Expense: $6,120.00
  • Maintenance Expense: $3,600.00
  • Known Encumbrances: None Known
  • Total Annual Expense Source: Owner Projection
  • Janitor Expense: 1200
  • Total Monthly Income: 7750
  • Net Operating Income: $75,080.00
  • Operating Expense: $17,920.00
  • Other Expense: $1,000.00
  • Trash Expense: $1,800.00
  • Water Sewer Expense: $2,400.00
Unit 1
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 2
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 3948 West Congress Parkway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3948 West Congress Parkway

Taxable ValueLand$3,671Additions$9,328Total$12,999
Tax Record2022$2,683 ($224 / month)
Home Facts
Baths3Total Finished SqFt5,165 SqFtAbove Grade Finished SqFt5,165 SqFtStories3Lot Size3,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1920CountyCOOKAPN16-14-112-020

Schools near 3948 West Congress Parkway

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 8
Public - K to 8
Rating
School
Distance
Melody Elementary School
PublicPK to 8

Marshall Metropolitan High School
Public9 to 12

Ericson 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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3948 West Congress Parkway is a multi-family home for sale in Chicago, IL 60624. This property was listed for sale on April 10, 2024 by @properties Christie's International Real Estate, it's currently listed at $650,000. It has been on the market for a total of 25 days and was last sold on December 21, 2020. This listing's school district is City Of Chicago School District 299. Nearby schools include Melody Elementary School, Marshall Metropolitan High School and Ericson Elementary Scholastic Academy. 3948 West Congress Parkway is a 12-bed, 7.5-bath, multi-family home built in 1917.

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 @properties Christie's International Real Estate

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 04/29/2024 11:17 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.