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$2,320,000
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Property Description
Introducing 3129-31 W. Augusta Blvd., a rarely available, 13-unit multi-family property directly facing picturesque Humboldt Park. Professionally managed this stabilized investment property offers great in place cash flow and future upside. The building has an excellent unit mix of seven (7) 1-bed & 1-bath apartments, six (6) 2-bed & 1-bath apartments, and one (1) non-conforming, 2-bed & 2-bath garden apartment. All units have been meticulously renovated (2017-2018), featuring updated kitchens and bathrooms complete with granite counter-tops and stainless steel appliances. In addition to its cosmetic finishes, the building received numerous capital improvements including: tenant paid heat and electric, a new roof, plumbing, windows, coin laundry room, and a new porch system. 3129-31 W. Augusta Blvd. presents an opportunity to acquire a renovated asset with great in-place cash flow in a premier Humboldt Park location. An investor can unlock greater returns by gradually increasing rents to higher market levels over time, providing a solid cash-on-cash return for years to come.
Full Property Details
Full Property Details for 3129 W Augusta Blvd
General
- Sold For: $2,320,000
- Taxes: $24,722 (2022)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12067112
- Added to Site: 637 day(s) ago
Parking
- Parking Features: 1 to 5 Spaces
Location
- Area: CHI - Humboldt Park
- County: Cook
- Driving Directions: Major Intersection: Kedzie & Chicago Ave.
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Individual Furnaces
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Square Feet: 8,745
- Current Bldg. Use: Multi-Family
- Year Built: 1892
- Built Before 1978: Yes
Unit Information
- # Dryers: 2
Lot Features
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,550
- Lot Dimensions: 50 x 125
Financial Considerations
- Operating Expenses: $83,863
- Assessment Year: 1892
- Tax Amount: $24,722
- Tax Year: 2022
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 16013130080000
Listed by Triton Realty Group LLC
Sold by Fitzgerald Real Estate Inc.
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Schools
Schools serving 3129 W Augusta Blvd
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Chopin Elementary School 2450 West Rice Street, Chicago, IL 60622 | PK-8 | 0.9 mi |
Orr Academy High School 730 North Pulaski Road, Chicago, IL 60624 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3129 W Augusta Blvd
Date
Details
Price
Change
Source
10/22/2024
Sold
$2,320,000
-3.33%
MLS
7/24/2024
Price Reduced
$2,400,000
-7.69%
MLS
5/28/2024
Listed
$2,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3129 W Augusta Boulevard, Chicago, IL 60622 (MLS# 12067112) is a Commercial property that was sold at $2,320,000 on October 22, 2024. Want to learn more about 3129 W Augusta Boulevard? Do you have questions about finding other Commercial real estate for sale in Humboldt Park? You can browse all Humboldt Park real estate or contact a Coldwell Banker agent to request more information.

