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3401 N Troy Street
Chicago, IL 60618

Residential Multi Family (Other)

N/A Acres
0 Sqft Living Area

9 Bedrooms

0 Bathrooms (0 Full, 0 Half)

Year Built: 1900

$829,000

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Property Description

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 legal, four-unit, with extra three-story 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 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.