NOT LISTED FOR SALE

3522 W Jackson Blvd Chicago, IL 60624

Garfield Park Neighborhood
21 Beds
8 Baths
-- Sq Ft
5,227 Sq Ft Lot

Sale Details

Date Sold: October 25, 2021

Last sale price $745,000

17 Days on Market

About This Home

As of October 2021

2007 gut-renovated, 4-unit former condo building in hot East Garfield Park! Excellent cash flow opportunity with significant rental upside. Three xtra large 6 bed / 2 bath units in front building plus full unfinished basement. All bedrooms fit full/queen size beds + closets, large living area, separate dining room, separate kitchen, and rear porch. One 3 bed / 1.5 bath duplex coach house. All units rented with CHA tenants and they pay nearly 100% of rent. Two of the units are under rented and can be raised with a. pro-forma 11.5% cap rate. Copper plumbing, updated electric, individual gas-forced heat, individual hot water tanks, Unit 2 and 3 feature in-unit laundry and unit 1 has laundry hook up. Unit 3 has been recently updated and has central air. Tear off roofs for both buildings in 2020. Tenants pay gas/heat/electric. This turn key building is truly a cash cow.

Last Agent to Sell the Property

Christopher Norton

Compass License #475155353 Listed on: 07/27/2021

Compass

Last Buyer's Agent

Brandice Hampton

Baird & Warner License #475166488

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,596

Year Built

  • Built in 1908 | Remodeled in 2007

Lot Details

  • 5,227

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 21 Bedrooms
  • 21 Potential Bedrooms
  • 8 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • 5,227 Sq Ft Lot

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,675
  • Water Sewer Expense $6,000
  • Net Operating Income $70,402

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,596

Year Built

Built in 1908 | Remodeled in 2007

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1908
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2007
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2007

Interior Features

  • Basement: Full
  • Total Bathrooms: 8
  • Total Bedrooms: 21
  • Basement Description: Partially Finished,Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

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

Fee Information

  • Water Sewer Expenses: 6000

Lot Info

  • Lot Size Acres: 0.12
  • Lot Dimensions: 5325
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 70402
  • Insurance Expense: 1675
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 3595.96
  • Tax Year: 2019

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Aug 5, 2024
Sold by
Bought by

Purchase Details

Listed on
Jul 27, 2021
Closed on
Oct 1, 2021
Sold by
Bought by
Seller's Agent
Christopher Norton
Compass
Buyer's Agent
Brandice Hampton
Baird & Warner
List Price
$745,000
Sold Price
$745,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$731,506
Interest Rate
0.0249%
Mortgage Type
FHA

Purchase Details

Listed on
May 13, 2020
Closed on
Jul 29, 2020
Sold by
Bought by
Seller's Agent
Gene Hart
33 Realty
Buyer's Agent
Christopher Norton
Compass
List Price
$366,500
Sold Price
$425,000
Premium/Discount to List
$58,500
15.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
52.99%

Purchase Details

Listed on
May 13, 2020
Closed on
Jun 25, 2020
Sold by
Bought by
Seller's Agent
Gene Hart
33 Realty
Buyer's Agent
Christopher Norton
Compass
List Price
$366,500
Sold Price
$425,000
Premium/Discount to List
$58,500
15.96%

Purchase Details

Closed on
Aug 16, 2016
Sold by
Bought by

Purchase Details

Closed on
Dec 5, 2012
Sold by
Bought by

Purchase Details

Closed on
Mar 22, 2012
Sold by
Bought by

Purchase Details

Closed on
Dec 5, 2011
Sold by
Bought by

Purchase Details

Closed on
Oct 12, 2011
Sold by
Bought by

Purchase Details

Closed on
Jun 23, 2011
Sold by
Bought by

Purchase Details

Closed on
Jun 13, 2011
Sold by
Bought by

Purchase Details

Closed on
Apr 6, 2011
Sold by
Bought by

Purchase Details

Closed on
Dec 1, 2010
Sold by
Bought by

Purchase Details

Closed on
Aug 25, 2010
Sold by
Bought by

Purchase Details

Closed on
Jul 16, 2010
Sold by
Bought by

Purchase Details

Closed on
Apr 16, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,000
Interest Rate
0.0588%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 15, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,000
Interest Rate
0.0593%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,000
Interest Rate
0.0593%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 2007
Sold by
Bought by

Purchase Details

Closed on
Sep 15, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
0.0581%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 8, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
0.0475%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 8, 2003
Sold by
Bought by

Purchase Details

Closed on
Mar 30, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
0.0702%
Mortgage Type
Balloon
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$10,000 None Listed On Document
$745,000 Attorney
-- None Available
$425,000 Chicago Title
-- Attorney
$20,000 Chicago Title Insurance Comp
$36,500 Cti
-- First American
-- None Available
-- None Available
$20,000 Fidelity National Title
$25,500 Attorneys Title Guaranty Fun
-- None Available
-- None Available
-- None Available
$330,000 Ticor Title Insurance
$330,000 Ticor Title Insurance Co
$330,000 Ticor Title Insurance Co
$310,000 Ticor Title
$330,000 Ticor Title Insurance
-- None Available
$210,000 Pntn
$240,000 Multiple
-- Marquis Title Insurance Co
$300,000 Stewart Title Company
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
Open $731,506
Previous Owner $297,000
Previous Owner $297,000
Previous Owner $279,000
Previous Owner $313,500
Previous Owner $297,000
Previous Owner $160,000
Previous Owner $245,000
Previous Owner $240,000
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 Prior Sale
10/25/2021 10/25/21 Sold $745,000 0.0% --
08/14/2021 08/14/21 Pending -- -- --
07/27/2021 07/27/21 For Sale $745,000 +75.3% --
06/29/2020 06/29/20 Sold $425,000 -8.9% -- View Prior Sale
05/22/2020 05/22/20 Pending -- -- --
05/13/2020 05/13/20 Price Changed $466,500 +27.3% --
05/13/2020 05/13/20 For Sale $366,500 -- --
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 $9,465 $71,000 $7,718 $63,282
2024 $9,465 $71,000 $7,718 $63,282
2023 $9,205 $48,176 $6,255 $41,921
2022 $9,205 $48,176 $6,255 $41,921
2021 $9,687 $48,174 $6,254 $41,920
2020 $3,561 $15,986 $6,254 $9,732
2019 $3,596 $17,898 $6,254 $11,644
2018 $3,535 $17,898 $6,254 $11,644
Source: Public Records

Agents Affiliated with this Home

  • Christopher Norton

    Seller's Agent in 2021

    Christopher Norton

    Compass

    (773) 490-0631

    7 in this area

    93 Total Sales

    Christopher Norton
    Section Image
  • Brandice Hampton

    Buyer's Agent in 2021

    Brandice Hampton

    Baird & Warner

    (630) 864-5505

    8 in this area

    126 Total Sales

    Brandice Hampton
    Section Image
  • Gene Hart

    Seller's Agent in 2020

    Gene Hart

    33 Realty

    (219) 465-8584

    17 Total Sales

    Gene Hart
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11170048

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60624 Garfield Park

3522 W Jackson Blvd, Chicago, IL

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) 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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