3034 W 38th Pl., Chicago, IL 60632

3034 W 38th Pl., Chicago, IL 60632
Photo 1 of 40
$474,900
Beds Baths Sq. Ft. Taxes Built
9 0.00 0 $5,095 1903
On the market: 57 days

Est. Monthly Payment:

$3,269($2,844 + $425 taxes*)

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APPROVED
View full details, 15 photos, school info, and price history
Rare, Cash-Flowing 4-Unit in Red-Hot Brighton Park! This incredibly spacious and fully legal 4-unit brick building in the heart of Brighton Park offers a rare opportunity to own a cash-positive investment property. When fully rented, this property generates positive cash flow even after mortgage payments. The property is in high demand-vacancies typically generate 100+ inquiries, and two units are already occupied by excellent long-term tenants. The other two units are move-in ready, allowing the new owner the flexibility to live on-site or lease them out immediately. The owner, a retiring investor with a long and successful portfolio history, has made extensive updates, including: Exterior masonry renovations in 2022: (tuckpointing, parapet wall, coping tiles, chimney, and roof repairs); Most windows replaced in 2013-2014; New flooring in one unit 2025; New furnaces in rear second-floor unit 2021-2022; Two water heaters replaced in 2019-2020; Boilers replaced in 2014-2019; Electrical service upgraded in 2013. Additional features include: 4 large storage units; 4 parking spaces (extra income); Separate meters for gas and electricity, Tenants pay all utilities. Zoned for 4 units - fully legal. There is also a basement space with additional finished living area (including a kitchen, living room, full bath, and bedroom) that may serve as related living area. This property will sell fast. Bring your best offer and don't miss your chance to own a turn-key, income-producing building in one of Chicago's most rapidly appreciating neighborhoods.
Listing courtesy of Carlos Matos, Core Realty & Investments Inc.