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$899,900
Est. payment /mo
5,133 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 5,133 sqft
Price per Sqft $175
MLS Listing ID 12759705
Maintenance Fees $8,804
Year Built 1928
Annual Tax Amount $12,502
Tax Year 2024
Lot Dimensions 25x100
Property Sub-Type Multi Family 5+
Property Description
Phenomenal opportunity to acquire 3012 W. Warren Blvd, a professionally managed 7-unit brick multifamily property in Chicago's East Garfield Park neighborhood with ideal RT-4 zoning. The building features a unit mix of (1) studio, (4) one-bedroom units, and (2) two-bedroom units, along with on-site laundry. The property provides immediate rental income with additional upside through rent growth, strategic improvements, and the potential conversion of existing one-bedroom unit into a two-bedroom layout. Rarely vacant units with quick turnaround. An attractive combination of affordability, tenant demand, and long-term income stability. Located just west of the United Center and the planned 1901 Project, the property is positioned near a major mixed-use redevelopment expected to bring new residential, retail, entertainment, hospitality, and public-space investment to the surrounding area. Perfect opportunity for investors seeking scale, value-add potential, and appreciation on Chicago's West Side.
Location
State IL
County Cook
Area Chi - East Garfield Park
Zoning MULTI
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
Structure Type Brick
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Listed by Nico Giannini of Triton Realty Group LLC
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