4249 West Division StreetChicago, IL 60651Price: $1,350,000

  • Price: $1,350,000
  • 42 Days on Market
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Federal 30-year interest rate: 6.88% last updated on Apr 11, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 1928Year Built

Listing Tools

We are pleased to present a unique 14-unit multifamily opportunity located in the desirable Humboldt Park neighborhood of Chicago's West Side. The unit mix consists (2) Retail, (6) 1 Bedroom, (6) 2 Bedroom units. All units are very spacious with separate dining rooms, living rooms, and kitchens, plus an abundance of closet space. The building has a beautiful courtyard with (4) additional enclosed garage spaces and room for at least (4) outdoor spots. Recent capital improvements consist of new water tanks, newer porches, new windows, new booster pump, tuckpointing, recently poured concrete around building, boiler to be good through 2037, updated electrical, and a newer electrical gate that encloses the courtyard. This property is located in one of Chicago's top Up-And-Coming Neighborhoods. This is a great opportunity for a savvy investor. Current low in place rents that can be increased significantly. Humboldt Park showed a 12% rental increase from 2022 and that trajectory will progress as the city continues to develop this West Side neighborhood.

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Listed by Priya Patel of Sperry Van Ness

Based on information submitted to MRED  as of April 15, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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