3401 N Troy Street
Chicago, IL 60618
- 9 beds
- 5 baths
- – sqft
- 5,323 sqft lot
- 1900 build
- – on site
Pleased to present the opportunity to purchase 3401 N Troy St, Chicago, IL, a well-maintained and professionally operated multifamily property in the highly desired Avondale neighborhood, known for its top-tier rent. This four-unit 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. 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 dollars extra income per month above the base rent. Apart from the four units, the building includes a finished third story finished space spanning 800 SF, with its own full bathroom, two bedrooms, its own gas and two entrance/exits. 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.
Last checked:
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Last updated Dec 14, 2024
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MLS# 12195523 —
The Building
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Year Built:1900
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Rebuilt:No
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New Construction:false
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Basement:Partial
Interior
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Rooms Total:16
Location
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Directions:Located on the northeast corner of Roscoe St. & Troy St.
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Location:87738
The Property
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Parcel Number:13243070330000
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Property Type:Residential Income
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Lot Features:Corner Lot, Fenced Yard
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Lot Size Dimensions:43 X 123.80
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Waterfront:false
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Additional Parcels:false
Listing Agent
- Contact info:
- Agent phone:
- (312) 730-2029
- Office phone:
- (312) 216-2422
Taxes
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Tax Year:2022
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Tax Annual Amount:11894
Beds
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Bedrooms Total:9
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Bedrooms Possible:9
Baths
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Baths:5
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Full Baths:5
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Natural Gas, Forced Air
Utilities
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Sewer:Public Sewer
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Water Source:Lake Michigan, Public
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
Parking
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Parking Total:12
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Parking Onsite:Yes
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Parking Ownership:Owned
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Garage Type:Detached
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Garage Spaces:4
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Garage Onsite:Yes
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Garage Ownership:Owned
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 |
|---|---|---|---|---|
|
12/8/24
Dec 8, 2024
|
Price Changed | MRED | $749,000 | -6.3% |
|
10/23/24
Oct 23, 2024
|
Listed / Active | MRED | $799,000 | |
|
9/21/24
Sep 21, 2024
|
Listed / Active | MRED |
