NOT LISTED FOR SALE

4835 W Jackson Blvd Chicago, IL 60644

Austin Neighborhood
24 Beds
6 Baths
11,004 Sq Ft
6,534 Sq Ft Lot

Last Sold September 19, 2023

Last sale price $742,000 $67 Per Sq Ft

52 Days on Market

Highlights

  • 6 Fireplaces
  • Skylights
  • Forced Air Heating System

About This Home

As of September 2023

Welcome to this incredible investment opportunity! This brick 6-unit building is the perfect addition to any investor's portfolio. Situated in a prime location, this property offers stability and a consistent income source. All occupied units are with reliable CHA tenants, ensuring a steady cash flow from day one. The units have been meticulously maintained and feature beautiful hardwood floors, providing a timeless and elegant aesthetic. The gas forced air system guarantees efficient heating, while separate utilities for each unit ensure convenience and individual control. Notably, the entire building underwent a comprehensive gut rehab, accompanied by meticulous plans and permits. This means that the property is not only visually appealing but also updated to meet modern standards of comfort and functionality. With four bedrooms and one bath in each unit, the spacious layouts provide ample room for tenants to enjoy a comfortable living environment. The flexibility of these floor plans opens up possibilities for various tenant demographics, attracting a wide range of renters. Making the transition process even smoother for the new buyer, the current property manager is willing to stay on board. Their extensive experience and familiarity with the building will prove invaluable in maintaining consistent management and ensuring a hassle-free ownership experience. This brick 6-unit building presents an outstanding investment opportunity with its stable income, recent gut rehab, and the convenience of a dedicated property manager. Don't miss your chance to secure this property and take advantage of its potential for long-term financial growth. Schedule a showing today and seize the opportunity to own this exceptional investment property!

Last Agent to Sell the Property

Sam Shah

YBRS Realty Inc. License #475166155 Listed on: 05/21/2023

Last Buyer's Agent

Sam Shah

YBRS Realty Inc. License #475166155 Listed on: 05/21/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,625

Year Built

  • Built in 1918

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 54x124

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 11,004 Sq Ft Home
  • 3-Story Property
  • Skylights
  • 6 Fireplaces
  • Unfinished Basement

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 6 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $240
  • Insurance Expense $2,500
  • Maintenance Expense $7,200
  • Trash Expense $1,560
  • Water Sewer Expense $1,800
  • Operating Expense $17,924
  • Gross Income $107,820
  • Net Operating Income $84,324

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,625

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1918
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 24
  • Fireplaces: 6
  • Basement Description: Unfinished
  • Misc Inside: Skylight/s
  • Room: 0

Exterior Features

  • Exterior Building Type: Brick

Utilities

  • Heat/Ventilation: Forced Air,Gas

Fee Information

  • Trash Expense: 1560
  • Water Sewer Expenses: 1800

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.15
  • Lot Dimensions: 54X124
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 2

Building Info

  • BuildingAreaTotal: 11004

Multi Family

  • Net Operating Income: 84324
  • Insurance Expense: 2500
  • ElectricExpense: 240
  • GrossIncome: 107820
  • Maintenance Expense: 7200
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 17924
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 4624.88
  • Tax Year: 2021

Range of Values:

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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
09/19/2023 09/19/23 Sold $742,000 -4.9% $67 / Sq Ft
07/13/2023 07/13/23 Pending -- -- --
05/21/2023 05/21/23 For Sale $780,000 -- $71 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sam Shah

    Seller's Agent in 2023

    Sam Shah

    YBRS Realty Inc.

    (847) 477-1477

    26 in this area

    127 Total Sales

    Sam Shah
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11788724

Midwest Real Estate Data (MRED)

APN: 16162150240000

Illinois Cook County Chicago 60644 Austin

4835 W Jackson Blvd, Chicago, IL

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