Dream Town Realty
Listed by Dream Town Realty
$999,900
3012 W Warren Boulevard
Details
APN 16123250390000
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 7
Cap Rate 6.95%
NOI $69,485
Year Built 1928
Stories 3
Lot Size (SqFt) 2,500
Zoning MULTI
Multifamily | 6.95% CAP | 7 Units
Marketing description
Phenomenal opportunity to acquire 3012 W. Warren Blvd, a professionally managed 7-unit brick multifamily property in Chicago's East Garfield Park neighborhood with ideal RT-4 zoning. The building features a unit mix of (1) studio, (4) one-bedroom units, and (2) two-bedroom units, along with on-site laundry. The property provides immediate rental income with additional upside through rent growth, strategic improvements, and the potential conversion of existing one-bedroom unit into a two-bedroom layout. An attractive combination of affordability, tenant demand, and long-term income stability. Located just west of the United Center and the planned 1901 Project, the property is positioned near a major mixed-use redevelopment expected to bring new residential, retail, entertainment, hospitality, and public-space investment to the surrounding area. Perfect opportunity for investors seeking scale, value-add potential, and appreciation on Chicago's West Side.
Listing Contacts
Dream Town Realty
Listed by Dream Town Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$69,485.00
$5,790.42/mo
Valuation Metrics
0
DSCR
6.95%
Cap Rate
6.95%
ROI
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