4835 West Jackson Boulevard

Chicago, IL 60644

$742,000
Last Sold Price
24
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to this incredible investment opportunity! This brick 6-unit building is the perfect addition to any investor's portfolio. Situated in a prime location, this property offers stability and a consistent income source. All occupied units are with reliable CHA tenants, ensuring a steady cash flow from day one. The units have been meticulously maintained and feature beautiful hardwood floors, providing a timeless and elegant aesthetic. The gas forced air system guarantees efficient heating, while...Welcome to this incredible investment opportunity! This brick 6-unit building is the perfect addition to any investor's portfolio. Situated in a prime location, this property offers stability and a consistent income source. All occupied units are with reliable CHA tenants, ensuring a steady cash flow from day one. The units have been meticulously maintained and feature beautiful hardwood floors, providing a timeless and elegant aesthetic. The gas forced air system guarantees efficient heating, while separate utilities for each unit ensure convenience and individual control. Notably, the entire building underwent a comprehensive gut rehab, accompanied by meticulous plans and permits. This means that the property is not only visually appealing but also updated to meet modern standards of comfort and functionality. With four bedrooms and one bath in each unit, the spacious layouts provide ample room for tenants to enjoy a comfortable living environment. The flexibility of these floor plans opens up possibilities for various tenant demographics, attracting a wide range of renters. Making the transition process even smoother for the new buyer, the current property manager is willing to stay on board. Their extensive experience and familiarity with the building will prove invaluable in maintaining consistent management and ensuring a hassle-free ownership experience. This brick 6-unit building presents an outstanding investment opportunity with its stable income, recent gut rehab, and the convenience of a dedicated property manager. Don't miss your chance to secure this property and take advantage of its potential for long-term financial growth. Schedule a showing today and seize the opportunity to own this exceptional investment property!
  1. Listed by Sagar Shah • YBRS Realty Inc.

Sold By YBRS Realty Inc.

Property Details for 4835 West Jackson Boulevard

Area
CHI - Austin
Township
West Chicago
Num Of Parking Spaces
4.0
Num of Interior Fireplaces
6
Zoning
MULTI

Location

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LISTING UPDATED: 09/20/2023 10:55 AM

Property Details for 4835 West Jackson Boulevard

StatusClosed
MLS #11788724
Days on Market121
Taxes$4,625 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1918
Lot Size0.15 AC / 6,534 SF
CountyCook County

Location

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Building Information for 4835 West Jackson Boulevard

Stories-Residences6Year Built1918Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

$4,435 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,049

Property Taxes

$385

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4835 West Jackson Boulevard

General Information
Location and General Information
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Basement Description: Unfinished
  • Heat/Ventilation: Forced Air,Gas
  • Misc Inside: Skylight/s
  • Num of Baths: 6.0
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 54X124
  • Stories: 3
  • Exterior Building Type: Brick
  • Building Area Total: 11004
Property and Assessments
  • Public Document Count: 3
  • Document Date: 2023-05-21T21:22:06
  • Photos Count: 23
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: $240.00
  • Fuel Expense: $.00
  • Gross Income: $107,820.00
  • Gross Scheduled Income: $102,429.00
  • Insurance Expense: $2,500.00
  • Maintenance Expense: $7,200.00
  • Janitor Expense: 0
  • Total Monthly Income: 8985
  • Net Operating Income: $84,324.00
  • Operating Expense: $17,924.00
  • Other Expense: $.00
  • Trash Expense: $1,560.00
  • Water Sewer Expense: $1,800.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 6
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
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 4835 West Jackson Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4835 West Jackson Boulevard

Taxable ValueLand$6,361Additions$16,638Total$22,999
Tax Record2022$4,730 ($394 / month)
Home Facts
Baths7Total Finished SqFt11,004 SqFtAbove Grade Finished SqFt11,004 SqFtStories3Lot Size6,696 SqFtStyleMulti-Family Res (5+ Units)Year Built1921CountyCOOKAPN16-16-215-024

Schools near 4835 West Jackson Boulevard

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 11
Rating
School
Distance
Leland Elementary School
PublicPK to 8

Manley Career Academy High School
Public9 to 12

Clark Academy Prep Magnet High School
Public9 to 12

Bridgescape Academy North Lawndal
Public9 to 11

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.

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 YBRS Realty Inc.

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.