Search Properties
Buy with EXIT
Sell with EXIT
Find an Agent/Office
About
Why EXIT
The Spirit of EXIT
Careers
Offices
Contact Us
3622 W Franklin Boulevard, Chicago, IL 60624
Share Listing
Overview
Features
Commute
Transportation
Market Statistics
Neighborhood
Similar Homes
Similar Home Values
Contact
$525,000
Share Listing
Home Details for 3622 W Franklin Boulevard
Price
$525,000
Type
Multi Family
Bedrooms
9
Total Bathrooms
3.0
Year Build
1907
County
Cook
Total Rooms
17
Basement
None
Tax
$7,194.98
MLS®️ Listing#
12158369
On exitrealty.com
126 days
Property Description
This exceptional three-flat in the vibrant Humboldt Park neighborhood offers a unique opportunity for both investors and owner-occupants to capitalize on a property with tremendous potential. Each of the three spacious units features three bedrooms, one bathroom, In-Unit Washer and Dryer, and a utility/laundry sink-perfect for added convenience. Renovated just four years ago, the property is in excellent condition, awaiting minor touch-ups to reach its full potential. The updated kitchens boast sleek stainless steel appliances, dishwashers, marbled quartz countertops with breakfast bars, and modern white shaker cabinets. Each unit is equipped with central A/C, recessed lighting, and a contemporary color palette, creating a bright and inviting atmosphere. Additional upgrades include tuckpointing and new windows (2020), and the charm of high ceilings and hardwood floors further enhances the appeal. All hot water tanks were replaced in January 2025, providing added peace of mind for future maintenance. The rear numbered parking pad offers the opportunity for additional rental income. Currently, all units are fully occupied with tenants paying below-market rents-two on month-to-month leases and two with CHA vouchers. With minor improvements, you could raise rents to as much as $2,600 per month, making this an ideal property for immediate cash flow and long-term growth. Equity Opportunity and Upside: The seller acknowledges that the property is in a stabilization phase, which is reflected in the heavily discounted asking price. With an after-repair value (ARV) exceeding $650,000, the property offers substantial equity potential of over $125,000. This equity accounts for the effort required to maximize rental income and improve the property's valuation. This property is well-located near shopping, dining, parks, and public transit, with easy access to I-290. The property will be sold as-is and offers the potential to quickly increase rental income and overall property value. Don't miss this opportunity-schedule a showing today! Tenants' rights will apply.
Read more
- Heating Information
- Natural Gas
- Water Features
- Public
- Parking
- Unassigned
- Basement
- None
Listing courtesy: Straight-A Realty, LLC - 630-288-2446
Based on information submitted to the MLS GRID as of 2025-01-17 20:00:43. 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.
Last Updated: 2025-01-17 20:00:43
See average values in the proximity of this property
Median Listing Price
Median Days on EXIT Realty®
Median Square Feet
Market statistics compiled from data from Midwest Real Estate Data.
See several nearby properties
EXIT GRACE REALTY
2945 N. Milwaukee Ave. Ste B, Chicago, IL 60618
See properties nearby this listing
Compare the values of homes nearby
$525,000
Share Listing
EXIT GRACE REALTY
2945 N. Milwaukee Ave. Ste B, Chicago, IL 60618