4711 Jackson BlvdChicago, IL 60644

Property Details for 4711 Jackson Blvd

Year built

1912

Lot size

0.09 AC

Property size (Sq ft)

3,720 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This stunning, fully renovated two-unit brownstone, located in Chicago's West Garfield Park neighborhood, presents a compelling investment opportunity. Situated on a 0.085-acre lot, this 3,720 square foot property boasts 2,378 square feet of net rentable space and features two units: a four-bedroom, two-bathroom unit and a three-bedroom, one-bathroom unit. Built in 1912 and completely renovated in 2024, the property includes a new roof and carpad, along with updated plumbing, electrical, HVAC systems, windows, and gleaming hardwood floors. Each unit benefits from separate gas and electric meters, maximizing rental income potential. The property's location within an Opportunity Zone offers potential tax advantages. With an asking price of $449,000, a 7.46% cap rate, and a net operating income (NOI) of $33,500, this property offers a strong return on investment. Estimated monthly rental income is $4,000. This property is available October 1, 2024. Special financing may be available for residential buyers. The property's address is 4711 W Jackson Blvd, Chicago, IL 60644.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8766

Longitude

-87.7433

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