NOT LISTED FOR SALE

3701 W Diversey Ave Chicago, IL 60647

Logan Square Neighborhood
12 Beds
8 Baths
6,006 Sq Ft
3,049 Sq Ft Lot

Last Sold July 28, 2023

Last sale price $1,350,000 $225 Per Sq Ft

21 Days on Market

About This Home

As of July 2023

Welcome to your next investment property! This stunning 4 flat in Logan Square is perfect for those looking for a turnkey investment opportunity. Built-in 2020, this newer construction boasts modern finishes and ample amenities that are sure to please even the most discerning renters. Each of the four units features gorgeous white quartz countertops, stainless steel appliances, and in-unit washer/dryer for ultimate convenience. With plenty of closet space and durable wood-look vinyl plank flooring, these units offer both style and practicality. The building offers a fantastic unit mix, with two 2 bed/1 bath units and two spacious 4 bed/3 bath units, all featuring appealing floor plans and lots of light. With a parking pad behind the building for up to 4 cars, parking will never be a problem for tenants. And for commuters, easy access to 90/94 ensures a smooth commute. But perhaps the best part of this property is its location. Situated on the border of Logan Square and Avondale, tenants will enjoy the best of both neighborhoods. And on days when the weather doesn't cooperate, catch the 76 Diversey bus right in front of the property and you'll be dropped off at the Logan Square Blue Line stop. Don't miss your chance to own this incredible investment property in one of Chicago's most sought-after neighborhoods.

Last Agent to Sell the Property

Al Schwartz

Fulton Grace Realty License #475169644 Listed on: 04/12/2023

Fulton Grace Realty

Last Buyer's Agent

Jose Hernandez

Coldwell Banker Realty License #475144888

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,562

Year Built

  • Built in 2020

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 25 x 125

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Potential Bedrooms
  • 8 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Utilities

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

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $241
  • Water Sewer Expense $3,017
  • Net Operating Income $72,948

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,562

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 2020
  • Age: 1-5 Years
  • Built Before 1978 (Y/N): No
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 8
  • Total Bedrooms: 12
  • Basement Description: Slab
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Garage/Space
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Garage/Space
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Garage/Space
  • AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Garage/Space

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 4
  • Number of Cars: 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: 3017

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 25 X 125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • Net Operating Income: 72948
  • ElectricExpense: 241
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 18561.71
  • Tax Year: 2021
  • Tax Exemptions: None

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/28/2023 07/28/23 Sold $1,350,000 -3.6% $225 / Sq Ft
05/04/2023 05/04/23 Pending -- -- --
04/12/2023 04/12/23 For Sale $1,400,000 +16.7% $233 / Sq Ft
02/12/2021 02/12/21 For Sale $1,199,900 +5.3% $200 / Sq Ft
02/03/2021 02/03/21 Sold $1,140,000 +1166.7% $190 / Sq Ft View Prior Sale
03/30/2015 03/30/15 Sold $90,000 -17.4% $15 / Sq Ft View Prior Sale
03/16/2015 03/16/15 Pending -- -- --
06/06/2014 06/06/14 For Sale $109,000 -- $18 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Al Schwartz

    Seller's Agent in 2023

    Al Schwartz

    Fulton Grace

    (224) 730-8405

    3 in this area

    102 Total Sales

    Al Schwartz
    Section Image
  • Jose Hernandez

    Buyer's Agent in 2023

    Jose Hernandez

    Coldwell Banker Realty

    (312) 266-7000

    1 in this area

    26 Total Sales

    Jose Hernandez
    Section Image

  • G

    Seller's Agent in 2021

    Gloria Wiekert

    Compass

    Section Image

  • A

    Seller's Agent in 2015

    Andrea Miller

    Miller Chicago LLC

    (773) 366-8786

    2 in this area

    33 Total Sales

    Andrea Miller
    Section Image

  • E

    Buyer's Agent in 2015

    Emman Randazzo

See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11757130

Midwest Real Estate Data (MRED)

APN: 13263040090000

Illinois Cook County Chicago 60618 Logan Square

3701 W Diversey Ave, Chicago, IL

Not Listed for Sale

MultiFamily

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