Incredible Investment Opportunity - 3-Unit Brick Building with Strong Rental Income and Guaranteed CHA Tenants! This well maintained property features three spacious units, each comprising 4 bedrooms and 1 bathroom. Generating a solid gross monthly income of $4,251, all units are currently leased to CHA (Chicago Housing Authority) tenants, providing a guaranteed government-backed rent. The convenience of separate utilities and gas forced air systems adds appeal, while the month-to-month lease agreements provide the flexibility to either capitalize on the attractive rental income or opt for owner occupancy. Don't miss your chance to own this remarkable property offering steady cash flow and investment potential in a sought-after location.
Closed
$390,000
3911 W 14th St, Chicago, IL 60623
12beds
--sqft
Multi Family
Built in 1920
-- sqft lot
$504,300 Zestimate®
$--/sqft
$1,888 Estimated rent
Home value
$504,300
$454,000 - $555,000
$1,888/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 16, 2023 at 12:17am
Listing courtesy of:
Sagar Shah 847-477-1477,
YBRS Realty Inc.
Bought with:
Scott M Siegel
Chicago Real Estate Authority
Source: MRED as distributed by MLS GRID,MLS#: 11870435
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Forced Air
Features
- Basement: Finished,Full
Property
Parking
- Total spaces: 3
- Parking features: On Site, Other
Lot
- Size: 3,625 sqft
- Dimensions: 29 X 125
Details
- Parcel number: 16231150050000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1920
- Major remodel year: 2018
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & neighborhood
Location
- Region: Chicago
Other
Other facts
- Listing terms: FHA
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 12/14/2023 | Sold | $390,000-3.7% |
Source:  MRED as distributed by MLS GRID #11870435 | ||
| 10/24/2023 | Contingent | $405,000 |
Source: MRED as distributed by MLS GRID #11870435 | ||
| 9/22/2023 | Listed for sale | $405,000 |
Source: MRED as distributed by MLS GRID #11870435 | ||
| 9/20/2023 | Contingent | $405,000 |
Source: MRED as distributed by MLS GRID #11870435 | ||
| 8/26/2023 | Listed for sale | $405,000+1057.1% |
Source: MRED as distributed by MLS GRID #11870435 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $2,011 +2.6% | $9,499 |
| 2022 | $1,960 +2.3% | $9,499 |
| 2021 | $1,916 +47% | $9,499 +62.8% |
Find assessor info on the county website
Neighborhood: Lawndale
Nearby schools
GreatSchools rating
- 3/10Penn Elementary SchoolGrades: PK-8Distance: 0.3 mi
- 4/10Infinity Math Science & Tech High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$504,300
2% more+ $10,086
With Zillow Showcase(estimated)
$514,386