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3935 N Kimball Avenue, Chicago
$849,000
6 Beds ⋅ 3 Baths ⋅ 12793658 MLS ⋅ NEW Status
INVESTORS LOOKING FOR THEIR NEXT PLAY SHOULD PAY CLOSE ATTENTION HERE...INTRODUCING THIS HANDSOME VICTORIAN/QUEEN ANNE INSPIRED ALL BRICK THREE UNIT BUILDING SITUATED ON AN OVERSIZED 45 X 125 LOT IN THE HEART OF COVETED IRVING PARK. A TRULY WALK TO EVERYTHING LOCATION. THE SIZE OF ALL THREE UNITS WILL BLOW YOU AWAY...DON'T JUDGE BOOK BY ITS COVER. THERE IS A 3 BED/1 BATH UNIT PLUS SUNROOM (COULD BE 4TH BEDROOM) ON THE MAIN FLOOR (1800 SQ. FT.), 2 BED/1 BATH UNIT PLUS SUNROOM (COULD BE 3RD BEDROOM) ON THE SECOND FLOOR (1450 SQ. FT) & AN EXPANSIVE ONE BED/ONE BATH UNIT IN THE LOWER LEVEL (1200 SQ. FT.) ALL THREE RENTED WITH FORMAL LEASES, SECURITY DEPOSITS AND EXCEPTIONAL TENANTS THROUGH MID-SUMMER 2027. TOTAL MONTHLY RENT IS $5700 OR $68,400 ANNUALLY. ALL LEASES AVAILABLE UPON REQUEST. ALL RENTS ARE WELL BELOW MARKET AND CURRENT OWNER DOES NOT CHARGE ADDITIONAL RENT FOR SPACES IN THE THREE CAR GARAGE, THE ONE OUTSIDE PARKING SPACE PAD OR LAUNDRY. WE PROJECT WITH NEW TENANTS, OR RENEWALS IN THE SUMMER OF 2027, MARKET RENTS & PARKING INCOME, THE GROSS RENT COULD BE INCREASED BY AT LEAST $1200 A MONTH OR $14,400 A YEAR. THIS CAN BE ACHIEVED WITHOUT INCREASING EXPENSES. THIS ANTICIPATED & REALISTIC INCREASE IN REVENUE MAKES, WHAT IS A SOLID INVESTMENT TODAY, A SLAM DUNK INVESTMENT IN THE LONG RUN. EACH OF THESE UNITS FEATURE VERY GENEROUS ROOM SIZES THROUGHOUT...SEE FLOOR PLANS...PICTURES BEHIND EACH FLOOR PLAN ARE OF THE UNIT UNDER THAT FLOOR PLAN... MAJOR UPDATES & UPGRADES OVER THE LAST SEVERAL YEARS INCLUDING THE GUT REHAB OF THE LOWER LEVEL UNIT. FIRST & SECOND FLOORS FEATURE EAT-IN KITCHENS, SEPERATE LIVING & DINING ROOMS, HARDWOOD FLOORS, WOOD BURNING FIREPLACES & ENCLOSED PORCHES FOR EXTRA LIVING SPACE. THE BIG LOT MEANS GREAT YARD SPACE & ROOM FOR A DECK AND WONDERFUL THREE CAR BRICK GARAGE (JUST WAITING FOR YOU TO ADD ROOF DECK) WITH AN ADDITIONAL OUTDOOR SPACE. LAUNDRY & EXTRA STORAGE FOR ALL UNITS IN THE LOWER LEVEL. IMPORTANTLY ALL MAJOR INFRASTRUCTURE IMPROVEMENTS HAVE BEEN DONE IN LAST 6 YEARS...NEW TEAR OFF ROOF, NEW BOILER, NEW WATER HEATER, TWO NEW 200 AMP PANELS WITH GARAGE NOW SET FOR EV, TUCKPOINTING & MORE. NOT TO BE MISSED!

3935 N Kimball Avenue, Chicago

3634 N Troy Street, Chicago
$849,900
6 Beds ⋅ 5 Baths ⋅ 12763542 MLS ⋅ PENDING Status
Legal two-unit building in Irving Park. The property consists of two three-bedroom units: a three-bedroom, two-bath unit and a three-bedroom, one-bath unit. A non-conforming garden-level unit with a full bathroom adds extra flexibility. The property is eligible by right for the Chicago ADU program, offering a buyer a path to add value by creating an additional legal unit. The garden-level space currently has its own bathroom and electric service. The existing garden unit is non-conforming, and any future use or conversion would need to be researched and approved by the buyer. Buyer to verify zoning, ADU eligibility and compliance. This property is perfect for house hackers looking to start their investment journey using conventional financing. The layout suits owner-occupants who want to live in one unit and offset the mortgage with the other, and investors seeking long-term rental demand. There is room to add value through interior renovations and rent optimization. The property is currently owner-occupied with no tenants in place, so it's an easy move-in. A new owner can live in one unit, set market rents on the other, and reposition the asset through strategic capital improvements. The property is in the heart of Irving Park, with tree-lined blocks / nearby parks / dining and shopping on Irving Park Road, Elston or Milwaukee. It has proximity to the Blue Line, Metra, or CTA bus routes, strong tenant demand and long-term appreciation drivers.

3634 N Troy Street, Chicago

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