Brenda Martinez
RE/MAX LOYALTY
(833) 716-6041
98 Total Sales
6 in Garfield Park
$60K - $410K Price Range
3221 W Warren Blvd Chicago, IL 60624
Garfield Park Neighborhood
11
Beds
3
Baths
--
Sq Ft
1900
Built
About This Home
As of July 2020This 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
Chicago Real Estate Authority License #471011328 Listed on: 06/01/2020
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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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Garfield Park, IL
-
Brenda Martinez
-
Justine Yannias
Justine Yannias
Baird & Warner
(331) 241-6350
16 Total Sales
1 in Garfield Park
$345,000 Price
-
Rose Alvarez
Rose Alvarez
Compass
(773) 863-3498
82 Total Sales
1 in Garfield Park
$425,000 Price
-
Araceli Montalvo
Araceli Montalvo
Extreme Realty LLC
(312) 818-3983
40 Total Sales
1 in Garfield Park
$275,000 Price
-
Eduardo Sanchez
Eduardo Sanchez
PAK Home Realty
(855) 909-9811
85 Total Sales
1 in Garfield Park
$325,000 Price
-
Israel Valadez
Israel Valadez
Realty of America, LLC
(855) 536-1959
44 Total Sales
2 in Garfield Park
$125K - $316K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $385,000 | Chicago Title | ||
| Leon Abel | $202,000 | First American Title | |
| 3221 Warren Llc | -- | None Available | |
| Steingo Mike | $336,000 | Alliance Title | |
| U S Bank Na | -- | -- | |
| Javell Louis | -- | Multiple | |
| U S Bank Na | -- | First American Title Ins Co | |
| Javell Louis L | $236,000 | Stewart Title | |
| Vilar Juan M | $205,000 | Prairie Title | |
| Taylor Ward Terry D | -- | Indiana Title Network Compan | |
| Ward Terry W | -- | Lawyers Title Insurance Corp | |
| Johnson Sammie C | -- | -- | |
| Ward Terry | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $378,206 | ||
| Previous Owner | Leon Abel | $198,341 | |
| Previous Owner | Steingo Mike | $268,800 | |
| Previous Owner | Javell Louis | $214,500 | |
| Previous Owner | Javell Louis L | $212,400 | |
| Previous Owner | Vilar Juan M | $194,750 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,833 | $52,000 | $4,531 | $47,469 |
| 2024 | $7,833 | $52,000 | $4,531 | $47,469 |
| 2023 | $7,636 | $37,000 | $3,672 | $33,328 |
| 2022 | $7,636 | $37,000 | $3,672 | $33,328 |
| 2021 | $7,465 | $36,999 | $3,671 | $33,328 |
| 2020 | $4,605 | $20,605 | $3,671 | $16,934 |
| 2019 | $4,720 | $23,415 | $3,671 | $19,744 |
| 2018 | $4,640 | $23,415 | $3,671 | $19,744 |
| 2017 | $5,225 | $24,189 | $3,281 | $20,908 |
| 2016 | $4,845 | $24,189 | $3,281 | $20,908 |
| 2015 | $4,433 | $24,189 | $3,281 | $20,908 |
| 2014 | $4,129 | $22,253 | $3,125 | $19,128 |
| 2013 | $4,047 | $22,253 | $3,125 | $19,128 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Siegel
Seller's Agent in 2020
Scott Siegel
Chicago Real Estate Authority
(773) 968-1110
4 in this area
46 Total Sales
-
Eric Gonzalez
Buyer's Agent in 2020
Eric Gonzalez
Green City Realty, Inc.
(773) 213-5709
1 in this area
14 Total Sales
-
David Hunt
Seller's Agent in 2014
David Hunt
Compass
(773) 466-7150
58 Total Sales
-
Stewart Smith
Buyer's Agent in 2014
Stewart Smith
Compass
(773) 404-1144
50 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10731893
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.
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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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