3748 West Division Street

Chicago, IL 60651

$1,050,000
Price
10
Beds
6
Baths
2
1/2 Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Fantastic corner building in West Humboldt Park. This renovated 7 unit building has 5 apartments and 2 retail spaces. This fully occupied building features mostly hardwood and some vinyl flooring, individual furnaces, stainless steel appliances, granite countertops, and overall condo quality units. The unit mix for the apartments: 4- 2 bedroom / 1 bathroom ; 1- 2 bedroom / 2 bathroom; 2 retail spaces; 1 parking space. The tenants are market rate with separate utilities, with the retail tenants being...Fantastic corner building in West Humboldt Park. This renovated 7 unit building has 5 apartments and 2 retail spaces. This fully occupied building features mostly hardwood and some vinyl flooring, individual furnaces, stainless steel appliances, granite countertops, and overall condo quality units. The unit mix for the apartments: 4- 2 bedroom / 1 bathroom ; 1- 2 bedroom / 2 bathroom; 2 retail spaces; 1 parking space. The tenants are market rate with separate utilities, with the retail tenants being billed back for usage. Overall low operating expenses. Retail tenants are on long term GM leases. Outdoor signage income as well. This neighborhood has been rapidly improving with the recent addition of the Amazon distribution center is only fueling the growth. This is a great cash flowing investment property with a diversified income stream. Can be purchased with 3962 W Grand (MLS# 12161123)
  1. Listed by Davis Edgerly • 33 Realty

Property Details for 3748 West Division Street

Area
CHI - Humboldt Park
Township
West Chicago
Num of Interior Fireplaces
0
LISTING UPDATED: 09/26/2024 12:29 AM

Property Details for 3748 West Division Street

StatusActive
MLS #12169404
Days on Market137
Taxes$6,930 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1926
Lot Size0.07 AC / 3,125 SF
CountyCook County

Building Information for 3748 West Division Street

Stories3Residences7Year Built1926Building Size-Lot Size0.07 AC / 3,125 SF

Property Information for 3748 West Division Street

General Information
Addtl Parking Information
  • Outdoor Parking: Fenced
Location and General Information
  • Information: List Broker Must Accompany,48-Hr Notice Required,No Sign on Property
  • Postal Code Plus 4: 0
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Circuit Breakers, Separate Meters
  • # Of Washers: 5
  • Heat/Ventilation: Electric,Forced Air
  • # Of Window/Ac: 0
  • # Of Refrigerators: 0
  • Washer/Dryer Lsd: No
  • # Of Dryers: 5
  • # Of Disposals: 0
  • # Of Dishwashers: 5
  • Num of Baths: 6.2
Utilities / Equipment
  • Utilities: None
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Exterior Entrance
  • Lot Dimensions: 25 X125
  • Lot Size Square Feet: 3125.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Membrane
  • Fire Protection: Fire Extinguisher/s
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • # Of Ranges: 0
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Multi-Family, Retail
  • Public Document Count: 0
  • Photos Count: 14
Miscellaneous
  • Location: Corner,Mixed Use Area,Public Transport Avail,High Traffic Area
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: $607.00
  • Fuel Expense: $1,405.00
  • Gross Income: $124,191.00
  • Gross Scheduled Income: $124,191.00
  • Insurance Expense: $3,500.00
  • Maintenance Expense: $1,986.00
  • Manager Expense: $6,375.00
  • Electric Expense Source: Actual
  • Expense Year: 2023
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 1740
  • Manager Expense Source: OP
  • Other Expense Source: Broker Projection
  • Repairs-Decor Expense Source: Owner Projection
  • Trash Expense Source: Actual
  • Total Monthly Income: 10205
  • Water Expense Source: Combination
  • Net Operating Income: $88,081.00
  • Operating Expense: $29,987.00
  • Other Expense: $1,500.00
  • Trash Expense: $2,610.00
  • Water Sewer Expense: $3,334.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 4
Unit 2
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 2
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 3748 West Division Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 3748 West Division Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 9 to 12
Charter - K to 8
Rating
School
Distance
Cameron Elementary School
PublicPK to 8

Orr Academy High School
Public9 to 12

Noble St Charter-Rowe-Clark MS Acad
Charter9 to 12

KIPP One Academy
CharterK 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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3748 West Division Street is a multi-family home for sale in Chicago, IL 60651. This property was listed for sale on September 20, 2024 by 33 Realty, it's currently listed at $1,050,000. This listing's school district is Chicago Public Schools. Nearby schools include Cameron Elementary School, Orr Academy High School and Noble St Charter-Rowe-Clark MS Acad. 3748 West Division Street is a 10-bed, 7-bath, multi-family home built in 1926.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of 33 Realty

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 09/26/2024 12:29 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.