Seller's Agent in 2023
Joseph Kotoch
Compass
(773) 727-1093
8 in this area
206 Total Sales
3400 N Harding Ave Chicago, IL 60618
Avondale Neighborhood
10
Beds
7
Baths
4,630
Sq Ft
4,356
Sq Ft Lot
About This Home
As of July 2023Where else can you find a 7 unit, brick building on an oversized 35' wide lot, currently price at a 7.1 cap/10.3GRM and will naturally increase to over an 8 cap in less than 3 months as tenants agreed upon rents increase. Located at the prime corner of Harding and Roscoe in the heart of Avondale, walking distance to public transportation, easily accessible to the CTA blue line and 90/94. This building features a mix of one and two-bedroom apartments, generating $9,450/month in rental income. The building is expected to increase the rents to over $10,500/month by the fall once the current leases cycle up to market rates. All apartments feature central heat, a laundry facility in the basement, and additional storage closets. Additionally, there is unfinished space that could be duplexed into an existing unit or turned into another apartment, providing even more rental income potential. In the last 18 months the building has had a brand new tear off rubber roof, tuck-pointing, new concrete and drainage installed, a brand new tandem parking pad, new furnaces in 3 apartments, brand new plumbing and electric installed in the basement and rehabbed apartment, a brand new laundry facility, new windows where needed, a partial update of the bathroom and kitchen in the garden apartment. There is still plenty of upside to add value to the remaining apartments and increase rents further. Look no further than 3400 N. Harding, this is an optimal turnkey ready investment property to add to any existing portfolio or for any neighborhood investor wanting to safely invest their money!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,323
Year Built
- Built in 1927
Lot Details
- 4,356 Sq Ft Lot
- Lot Dimensions are 35x125
Interior Spaces
- 2-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 7 Bathrooms
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- 100 Amp Service
Listing and Financial Details
- Tenant pays for electricity, heat
Community Details
Overview
- 7 Units
Building Details
- Electric Expense $498
- Fuel Expense $2,376
- Insurance Expense $4,500
- Maintenance Expense $12,697
- Trash Expense $1,176
- Water Sewer Expense $1,594
- Operating Expense $31,665
- Gross Income $115,800
- Net Operating Income $84,135
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
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2023 07/10/23 | Sold | $1,220,000 | +1.7% | $263 / Sq Ft |
| 05/15/2023 05/15/23 | Pending | -- | -- | -- |
| 05/09/2023 05/09/23 | For Sale | $1,200,000 | +28.0% | $259 / Sq Ft |
| 08/01/2021 08/01/21 | Sold | $937,500 | -8.5% | $202 / Sq Ft |
| 07/22/2021 07/22/21 | Pending | -- | -- | -- |
| 05/11/2021 05/11/21 | Price Changed | $1,025,000 | -2.4% | $221 / Sq Ft |
| 04/19/2021 04/19/21 | Price Changed | $1,050,000 | -4.5% | $227 / Sq Ft |
| 03/15/2021 03/15/21 | Price Changed | $1,099,000 | -4.4% | $237 / Sq Ft |
| 03/02/2021 03/02/21 | For Sale | $1,150,000 | -- | $248 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Joseph Kotoch
-
Audrey Jones
Seller Co-Listing Agent in 2023
Audrey Jones
Compass
(773) 957-3046
3 in this area
10 Total Sales
-
Andrew Dorazio
Buyer's Agent in 2023
Andrew Dorazio
Fitzgerald Real Estate Inc.
(224) 505-4072
1 in this area
102 Total Sales
-
Adam Saffro
A
Seller's Agent in 2021
Adam Saffro
New Era Chicago, LLC
(847) 612-1141
3 in this area
10 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11778817
APN: 13233090290000
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.
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
- 3453 N Harding Ave
- 3345 N Springfield Ave
- 4028 W Roscoe St
- 3278 N Milwaukee Ave
- 3429 N Avers Ave
- 3840 W Cornelia Ave
- 3847 W School St
- 3438 N Hamlin Ave Unit 3A
- 4012 W Eddy St
- 4134 W Roscoe St
- 3244 N Hamlin Ave
- 4143 W Roscoe St
- 4125 W School St
- 3228 N Hamlin Ave
- 3963 W Belmont Ave Unit 336
- 3963 W Belmont Ave Unit 222
- 3339 N Ridgeway Ave Unit 2N
- 3339 N Ridgeway Ave Unit 1S
- 3339 N Ridgeway Ave Unit 1N
- 3457 N Ridgeway Ave
- 3400 N Harding Ave Unit 2E
- 3400 N Harding Ave Unit 2F
- 3400 N Harding Ave Unit 2C
- 3400 N Harding Ave Unit 2R
- 3400 N Harding Ave Unit GARDEN
- 3400 N Harding Ave Unit 1
- 3404 N Harding Ave Unit 2
- 3938 W Roscoe St Unit 2C
- 3944 W Roscoe St Unit 2B
- 3944 W Roscoe St
- 3944 W Roscoe St Unit 1B
- 3408 N Harding Ave Unit 2
- 3410 N Harding Ave Unit 1
- 3356 N Harding Ave
- 3946 W Roscoe St Unit 1B
- 3946 W Roscoe St Unit 3C
- 3414 N Harding Ave
- 3414 N Harding Ave
- 3401 N Pulaski Rd