3003 S Kedvale Avenue
Chicago, IL 60623
- 11 beds
- 4 baths
- – sqft
- 3,049 sqft lot
- 1907 build
- – on site
Pleased to offer the opportunity to purchase a 4,017 SF brick multifamily building located at 3003 S Kedvale Ave, Chicago, IL 60623. The property consists of four spacious units, making it a high-income-producing asset with strong tenant demand. Three units each feature three generously sized bedrooms, separate dining and living rooms, and private porch access for additional storage, while the fourth unit has a two-bedroom, one-bathroom layout, with separate dining and kitchen. Building is fully stabilized, providing immediate rental income and strong cash flow. Only one rental rate is close to the current market rent, offering the potential for immediate rental upside with strategic adjustments for the remaining three. At full stabilization, the property benefits from lower tax liabilities, increasing netoperating income (NOI). Utilities are equipped with four separate gas meters and four separate electrical meters, ensuring tenant-paid utilities and reduced owner expenses. The property has a mix of copper and galvanized plumbing. Electrical updates and tuckpointing: 2015. Roof: ten years old. Heaters for Units 1, 2, and 4: 2022. Boilers-Units 1 and 4: 2018, Unit 2: 2022, Unit 3: 2023. 4th unit windows: 2024. The building also includes a sump pump for added safety. Parking features a detached 2.5-car garage, with two vehicles currently housed at a charge of 150 Dollars per month, and ample enclosed backyard space, providing additional tenant value. All units feature true hardwood flooring throughout, ensuring long-term durability and appeal. The Little Village rental market continues to show strong demand, with competitive lease rates in the 60623 zip code; full rental rate study for the market within our complete offering details which you may request. With 4,017 SF of total building space, the property delivers a high rental revenue per square foot, making it an excellent turnkey investment for cash flow-focused buyers. This property is positioned in one of Chicago's strongest rental submarkets, offering prime access to transit, recreation, and long-term anchor businesses, including the 31st Street Bus (Route 31) just steps from the property and the Pulaski Road Bus (Route 53) accessible within a 5-minute walk, providing direct connections to surrounding neighborhoods. The property is minutes from I-55 (Stevenson Expressway) ramps, allowing for seamless access to downtown Chicago and beyond. The property is also close to Piotrowski Park, a key community staple offering recreational facilities and hosting numerous community events, and the property is located on the same block as Chicago Fire Department Engine Company 109, enhancing safety and potential insurance benefits. Surrounded by essential services, grocery stores, and national retailers, the area also features Home Run Inn Pizza, a long-term anchor business nearby. This turnkey multifamily asset in Little Village offers strong rental upside, minimal expenses, and a strategic Chicago location, making it an ideal investment for both experienced and first-time multifamily investors. Contact The Listing Agent Directly For The Complete Offering Details.
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Last updated Mar 17, 2025
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MLS# 12312814 —
The Building
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Year Built:1907
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Rebuilt:No
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New Construction:false
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Basement:Full
Interior
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Rooms Total:20
Location
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Directions:North of 31st St. on Kedvale Ave.
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Location:87738
The Property
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Parcel Number:16274290020000
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Property Type:Residential Income
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Lot Size Dimensions:25X125
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Lot Size Acres:0.07
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (312) 730-2029
- Office phone:
- (312) 216-2422
Taxes
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Tax Year:2023
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Tax Annual Amount:7806
Beds
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Bedrooms Total:11
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Bedrooms Possible:11
Baths
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Baths:4
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Full Baths:4
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Natural Gas
Utilities
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Sewer:Public Sewer
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Water Source:Lake Michigan
Schools
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Elementary School District:299
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Middle Or Junior School District:299
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High School District:299
The Community
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Community Features:Park, Pool, Street Lights, Street Paved
Parking
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Parking Total:2.5
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Garage Type:Detached
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Garage Spaces:2.5
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Garage Onsite:Yes
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/17/25
Mar 17, 2025
|
Listed / Active | MRED | $450,000 |