NOT LISTED FOR SALE

3221 W Warren Blvd Chicago, IL 60624

Garfield Park Neighborhood
11 Beds
3 Baths
-- Sq Ft
1900 Built

Last Sold July 29, 2020

Last sale price $385,000

7 Days on Market

About This Home

As of July 2020

This is a rare opportunity to acquire a money-making, classic Chicago greystone 3-flat in East Garfield Park. The under-rented, in-place cap rate is 8% and, with fair market rents, this baby is a solid 11% cap! The building features three over-sized units that have all been updated in the past 7 years. Improvements include: Newer kitchens, baths, roof, parapet, updated electrical, plumbing, rear decks and windows. Each unit has individual GFAs, common laundry in the basement and there's a parking pad for 2-4 cars at the rear. A forward-thinking investor might elect to renovate the units, leverage the hefty RM-5 zoning and look to legalize a 4th unit. Alternatively, the creation of a massive, duplexed first floor/garden unit might also prove to be rewarding. Located just a block and a half from the Garfield Park Conservatory, 3 minutes to the Kedzie "L," 10 minutes to the Metra and just 3 minutes to the Eisenhower Expressway. Sustenance is but 4 minutes away at Pete's Fresh Market. Owner does not represent the legality of the basement unit. Property is being sold 'as-is.' Information deemed reliable, but not guaranteed. Use diligence.

Last Agent to Sell the Property

Scott Siegel

Chicago Real Estate Authority License #471011328 Listed on: 06/01/2020

Last Buyer's Agent

Eric Gonzalez

Green City Realty, Inc. License #471010617

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,640

Year Built

  • Built in 1900

Home Design

  • Greystone Architecture
  • Brick Exterior Construction
  • Rubber Roof

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 11 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price
  • Unassigned Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 25 x 125

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $252
  • Fuel Expense $840
  • Insurance Expense $1,200
  • Water Sewer Expense $1,440
  • Gross Income $39,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,640

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Greystone
  • New Construction: No
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 11
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave

Exterior Features

  • List Price: 369900
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Unassigned, Off Alley
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Fee Information

  • Water Sewer Expenses: 1440

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 25 X 125
  • Zoning: MULTI
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Fuel Expense: 840
  • Insurance Expense: 1200
  • ElectricExpense: 252
  • GrossIncome: 39000
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 4640.26
  • Tax Year: 2018
  • Tax Exemptions: None

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2020 07/29/20 Sold $385,000 +4.1% --
06/08/2020 06/08/20 Pending -- -- --
06/01/2020 06/01/20 For Sale $369,900 +83.1% --
05/22/2014 05/22/14 Sold $202,000 +1.5% --
04/01/2014 04/01/14 Pending -- -- --
03/20/2014 03/20/14 For Sale $199,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Scott Siegel

    Seller's Agent in 2020

    Scott Siegel

    Chicago Real Estate Authority

    (773) 968-1110

    5 in this area

    63 Total Sales

    Scott Siegel
    Section Image
  • Eric Gonzalez

    Buyer's Agent in 2020

    Eric Gonzalez

    Green City Realty, Inc.

    (773) 213-5709

    1 in this area

    15 Total Sales

    Eric Gonzalez
    Section Image
  • David Hunt

    Seller's Agent in 2014

    David Hunt

    Compass

    (773) 466-7150

    68 Total Sales

    David Hunt
    Section Image
  • Stewart Smith

    Buyer's Agent in 2014

    Stewart Smith

    Compass

    (773) 502-3687

    46 Total Sales

    Stewart Smith
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10731893

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60612 Garfield Park

3221 W Warren Blvd, Chicago, IL

This home is located at 3221 W Warren Blvd, Chicago, IL 60624 since 01 June 2020. This property was built in 1900. 3221 W Warren Blvd is a home located in Cook County with nearby schools including Beidler Elementary School, Marshall Metropolitan High School, and A. Locke Charter Elementary Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. 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. Some IDX listings have been excluded from this website.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Nearby Homes