Closed

$672,200

3222-3224 Grace Street, Chicago, IL 60618
4 Beds4 Baths8 days
3222-3224 Grace Street·Chicago, IL 60618
4Bedrooms
4Bathrooms
1925Year Built
About This Home

IRVING PARK- This 4-unit building sits in an exceptional location on a quiet tree-lined street just half a block off of the Kedzie Corridor with tons of restaurants & shopping right outside the door and easy access to Downtown Chicago, O'Hare Airport, the expressway and public transportation as well. The superb location makes it easy to find renters. All four apartments are spacious, have great natural light and are currently rented out on a month-to-month basis. Rents are below market value, leaving room for increased revenue, especially with further cosmetic updates. All tenants have access to a shared relaxing patio area as well. Building updates include: keyless entry system, newer roof, copper plumbing on supply side, all new faucets in kitchens and baths, electric updates to basement, hallways, kitchen and bathroom in apartment 2W and catch basin was recently cleaned and rodded out. Very clean and useable unfinished basement features a laundry room, work bench area, tons of general storage and one private storage unit for every apartment. It could also be utilized to duplex down and create 2BR apartments if so desired. This building presents and excellent investment opportunity and has the minimum required number of apartments to allow having an Airbnb apartment for even greater income.

MLS# 11876799Listed September 19, 2023Residential Income
Property Details

Beds & Baths

Total Bedrooms4
Total Bathrooms4
Total Rooms20

Size & Structure

Garage Spaces2
Year Built1925
Lot Size29 FT BY 125.5 FT

Location

CountyCook
TownshipNorth Chicago
Zip Code60618

Financial

List Price$672,200
Annual Taxes (2021)$11,298
Monthly Tax Est.$942
Parcel #13232160190000
Interior Features

Heating

Natural GasRadiator(s)

Basement

UnfinishedFull
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

On SiteGarage OwnedDetachedGarage
HOA & Community

Community Features

SidewalksStreet LightsStreet Paved
Tax & Financial
Annual Taxes
$11,298
Tax Year 2021
Monthly Tax Est.
$942
per month
Property Location

3222-3224 Grace Street, Chicago, IL 60618Cook County

$672,200
3222-3224 Grace Street
4 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
8 days on market
2-car garage
29 FT BY 125.5 FT
$11,298/yr taxes
$4,474
estimated monthly payment
Principal & Interest
$3,533/mo
Property Tax
$942/mo
$672,200
20% — $134,440
3%50%
6.875%
3%12%
Loan Amount
$537,760
Down Payment
$134,440

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Baird & Warner
Agent: Michael Hall
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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