Closed

$640,000

3440 Wallace Street, Chicago, IL 60616
7 Beds4 Baths26 days
3440 Wallace Street·Chicago, IL 60616
7Bedrooms
4Bathrooms
1885Year Built
About This Home

4 Unit Investment Opportunity, perfect for owner occupy or maximizing rental rates. Cash flow immediately and room to grow ancillary income. Possible to duplex down to tall basement, coin laundry and 2 car garage rental, Alley wall open for advertising income. Unbeatable location just blocks from Guaranteed Rate Field, Chinatown, grocery stores, restaurants, and public transit. The all-brick building is divided into two first-floor units and two second-floor units (1) 1/1 and (3) 2/2's. The top two units are rented out and rents are month to month. Easy access to the loop and major highways including I90/94 and I55, allowing for seamless commuting options and appealing to buyers who value convenience. 50 year Rubber Roof 2014, new tuck pointing 2021, newer electrical, new windows in first floor unit. Don't miss out on this rare investment opportunity in Bridgeport. THIS PROPERTY IS BEING SOLD "AS IS". ***See Broker Remarks***

MLS# 11893637Listed September 25, 2023Residential Income
Property Details

Beds & Baths

Total Bedrooms7
Total Bathrooms4
Total Rooms21

Size & Structure

Garage Spaces2
Year Built1885
Lot Size124X24.1

Location

CountyCook
TownshipSouth Chicago
Zip Code60616

Financial

List Price$640,000
Annual Taxes (2021)$16,892
Monthly Tax Est.$1,408
Parcel #17331210860000
Interior Features

Heating

Natural Gas

Basement

UnfinishedFull
Exterior & Lot

Construction

Brick

Roof

Rubber

Foundation

Concrete Perimeter
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

On SiteGarage OwnedDetachedGarage
Schools
High School
Tilden Achievement Academy High
District: 299
Tax & Financial
Annual Taxes
$16,892
Tax Year 2021
Monthly Tax Est.
$1,408
per month
Property Location

3440 Wallace Street, Chicago, IL 60616Cook County

$640,000
3440 Wallace Street
7 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
26 days on market
2-car garage
124X24.1
$16,892/yr taxes
$4,771
estimated monthly payment
Principal & Interest
$3,363/mo
Property Tax
$1,408/mo
$640,000
20% — $128,000
3%50%
6.875%
3%12%
Loan Amount
$512,000
Down Payment
$128,000

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

Listed by
Compass
Agent: Kelly Parker
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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