3962 West Grand Avenue

Chicago, IL 60651

$1,350,000
Price
8
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Fantastic corner building at a busy intersection in West Humboldt Park. The building consists of 8 units with 5 apartments and 3 retail spaces. The building is fully occupied with all units individual metered for gas and electric. The retail tenants are all on GM leases with RUBS and rent increases in place. The apartment units are all market rate with some on leases and some month to month. The unit mix for the apartments: 3- 2 bedroom / 1 bathroom ; 2- 1 bedroom / 1 bathroom; 3 retail spaces. This...Fantastic corner building at a busy intersection in West Humboldt Park. The building consists of 8 units with 5 apartments and 3 retail spaces. The building is fully occupied with all units individual metered for gas and electric. The retail tenants are all on GM leases with RUBS and rent increases in place. The apartment units are all market rate with some on leases and some month to month. The unit mix for the apartments: 3- 2 bedroom / 1 bathroom ; 2- 1 bedroom / 1 bathroom; 3 retail spaces. This neighborhood has been improving with the recent addition of the Amazon distribution center. The retail spaces have always remained occupied due to the strong location in the neighborhood. This is a high cash flowing investment property with a diversified income stream. Make it a part of your portfolio today!
  1. Listed by Davis Edgerly • 33 Realty

Property Details for 3962 West Grand Avenue

Area
CHI - Humboldt Park
Township
West Chicago
Zoning
COMMR
LISTING UPDATED: 12/24/2024 07:45 AM

Property Details for 3962 West Grand Avenue

StatusActive
MLS #12161123
Days on Market142
Taxes$5,540 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1910
Lot Size0.09 AC / 4,022 SF
CountyCook County

Building Information for 3962 West Grand Avenue

Stories2Residences8Year Built1910Building Size-Lot Size0.09 AC / 4,022 SF

Property Information for 3962 West Grand Avenue

General Information
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: Partial
  • Electric: Separate Meters
  • Heat/Ventilation: Gas
  • Num of Baths: 8.0
Utilities / Equipment
  • Utilities: Water to Site
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat, Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 55X48X89X84
  • Lot Size Square Feet: 4022.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Rubber
  • Roof Structure: Flat
  • Building Area Total: 6720
  • Conversion: N
Property and Assessments
  • Possible Use: Multi-Family, Retail
  • Public Document Count: 0
  • Photos Count: 24
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family, Other
  • Location: Corner
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Income & Expenses
  • Electric Expense: $960.00
  • Fuel Expense: $.00
  • Gross Income: $146,700.00
  • Gross Scheduled Income: $146,700.00
  • Insurance Expense: $3,500.00
  • Maintenance Expense: $2,500.00
  • Manager Expense: $7,425.00
  • Electric Expense Source: Actual
  • Known Encumbrances: None Known
  • Expense Year: 2023
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 2000
  • Manager Expense Source: OP
  • Other Expense Source: Owner Projection
  • Repairs-Decor Expense Source: Owner Projection
  • Trash Expense Source: Actual
  • Total Monthly Income: 12225
  • Water Expense Source: Actual
  • Net Operating Income: $111,039.00
  • Operating Expense: $30,126.00
  • Other Expense: $1,500.00
  • Trash Expense: $2,000.00
  • Water Sewer Expense: $4,552.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 3
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: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 3
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 3962 West Grand Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3962 West Grand Avenue

Taxable ValueLand$5,027Additions$20,562Total$25,589
Tax Record2017$5,508 ($459 / month)
Home Facts
Baths3.5Above Grade Finished SqFt4,022 SqFtStories2Lot Size4,022 SqFtStyleMulti-Family Res (5+ Units)Year Built1910CountyCOOKAPN16021080400000

Schools near 3962 West Grand Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 9 to 12
Public - 7 to 12
Rating
School
Distance
Nobel Elementary School
PublicPK to 8

Orr Academy High School
Public9 to 12

Pritzker College Prep
Charter9 to 12

Marine Leadership Academy - Ames
Public7 to 12

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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3962 West Grand Avenue is a multi-family home for sale in Chicago, IL 60651. This property was listed for sale on September 11, 2024 by 33 Realty, it's currently listed at $1,350,000. It has been on the market for a total of 142 days and was last sold on November 25, 2014. This listing's school district is Chicago Public Schools. Nearby schools include Nobel Elementary School, Orr Academy High School and Pritzker College Prep. 3962 West Grand Avenue is a 8-bed, 8-bath, multi-family home built in 1910.

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 12/24/2024 07:45 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.