3401 N Troy Street
Chicago, IL, 60618 $ 860,000
Bedrooms9 Baths5.0 Monthly Estimate*
$ 6,007
for $860,000 with 9 bedrooms and 5 full baths. This home was built in 1900.
Pleased to present the opportunity to purchase 3401 N Troy St, Chicago, IL, a well-maintained and professionally operated multifamily property in the desirable Avondale neighborhood. This legal, four-unit, three-story corner building sits on an extra-wide lot of 5,208 SF, boasting 1,600 SF of side yard, including a rear finished surface space for additional parking. Recent CapEx investments in the roof (2020) and electrical systems (2019) enhance the property's life and reliability. The property features a mix of one and two-bedroom apartments, all under a month-to-month lease structure with long-standing tenants, offering flexibility for immediate income improvements and potential market rent adjustments. The building includes a finished third story space spanning 800 SF, with its own full bathroom, two bedrooms, its own gas and two entrance/exits. Unit 2F contains its private 9'x9' den/office, with its own private closet/storage room. The unfinished basement has ceiling heights of 7.7 feet, with it's own private entrance from unit 1F which may serve as additional footprint for a duplex-down. Unit 1F consists of 1,350 SF with 12 foot ceilings, and it's own private 19'x8' wooden deck. Additionally, there's a four-car garage and two surface parking spaces bringing in $450.00 extra income per month above the base rent. Its proximity to the Kennedy Expressway, CTA Blue Line stop, and established national credit tenants like Jewel-Osco, Chase Bank, Huntington Bank, Chick-fil-A, Nissan Auto, Revolution Brewery, and others adds to its higher rent per square foot than others. The oversized lot size not only supports potential expansion or outdoor amenities but also accommodates extra income via extra parking opportunity. This multifamily building promises stable income and growth potential, making it an ideal investment for those seeking a reliable income-producing property in a prime location. Additional Details: Forced air throughout all four units; each unit has its own water tank and furnace; both lots fully gated. Contact listing agent for a complete Offering Memorandum booklet including detailed building information and financials.
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FeaturesGeneralSewer Public Sewer
Heating Natural Gas Forced Air
Possession Closing
Garage Spaces 4
Year Built 1900
Township Jefferson
Tax Year 2021
Percent Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 16
Status Active
Directions Located on the northeast corner of Roscoe St. & Troy St.
City Chicago
High School District 299
MLS Area CHI - Avondale
Waterfront Y/N N
Street Name Troy
Tax Annual Amount 11626
Trash Expense 0
Additional Parcels Y/N N
Days on Market 7
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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InteriorBasement Partial Unfinished
Street Suffix Street
Total Bedrooms 9
Total Baths 5
Bedrooms Possible 9
Full Baths Building 5
Half Baths Building 0
Total Number of Units 4
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ExteriorLot Features Corner Lot Fenced Yard
Water Source Lake Michigan Public
Total Parking 12
Lot Dimensions 43 X 123.80
Garage Onsite Yes
Garage Type Detached
Garage Ownership Owned
Exterior Vinyl Siding
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* Excluded FeaturesList ByKeller Williams OnechicagoBroker
mregalado@kwcommercial.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,007
- Monthly Property Taxes
- $969
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Chicago, IL
Average List Price $643,340
Percent of Sale Price 25%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/18/2024 | $860,000 | | Listed Price |