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3401 N Troy Street, Chicago, IL 60618
$860,000
3401 N Troy Street, Chicago, IL 60618View this property at 3401 N Troy Street, Chicago, IL 60618
3401 N Troy StreetChicagoIL60618
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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 desirable Avondale neighborhood. This legal, four-unit, 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. The building includes a finished third story space spanning 800 SF, with its own full bathroom, two bedrooms, its own gas and two entrance/exits. 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. 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.
Full Property Details
Full Property Details for 3401 N Troy St
General
- Price: $860,000
- Taxes: $11,626 (2021)
- Status: Active
- Type: Multi-Family
- MLS ID: 12007040
- Updated: 3/24/2024
- Added to Site: 41 day(s) ago
Interior
- Basement: Partial
Rooms
Bathrooms
- Total Bathrooms: 5
- Upper - Full Baths: 5
Bedrooms
- Total Bedrooms: 9
Parking
- Garage: Yes
- Garage Ownership: Owned
- Garage Spaces: 4
- Total Spaces: 12
- Parking Ownership: Owned
- Parking Type: Garage, Space(s)
- Parking On-Site: Yes
- Garage Description: Garage Door Opener(s)
Location
- Area: CHI - Avondale
- County: Cook
- Township: Jefferson
- Driving Directions: Located on the northeast corner of Roscoe St. & Troy St.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Structural Information
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Partial
- Year Built: 1900
- Built Before 1978: Yes
Unit Information
- Units in Building: 4
Lot Features
- Lot Size Range: Oversized Chicago Lot
- Lot Dimensions: 43 x 123.80
- Lot Features: Corner Lot, Fenced Yard
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1900
- Tax Amount: $11,626
- Tax Year: 2021
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 13243070330000
Listed by Keller Williams ONEChicago
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Schools
Schools serving 3401 N Troy St
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
3221 N Sacramento Ave, Chicago, IL 60618 | PK-8 | 0.3 mi | |
3601 N Milwaukee Ave, Chicago, IL 60641 | 9-12 | 1.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3401 N Troy St
Date
Details
Price
Change
Source
3/18/2024
Listed
$860,000
145.71%
MLS
1/14/2002
Sold
$350,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3401 N Troy St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$11,894
2%
$57,629
—
2021
$11,627
12%
$57,629
24%
2020
$10,422
-2%
$46,616
-12%
2019
$10,682
-11%
$52,973
-13%
2018
$12,041
46%
$60,955
59%
2017
$8,257
-2%
$38,355
-9%
2016
$8,455
9%
$42,213
—
2015
$7,735
2%
$42,213
4%
2014
$7,563
2%
$40,760
—
2013
$7,413
1%
$40,760
—
2012
$7,314
—
$40,760
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3401 N Troy St
3401 N Troy Street, Chicago, IL 60618 (MLS# 12007040) is a Multi-Family property with 4 units containing 9 bedrooms and 0 full bathrooms. 3401 N Troy Street is currently listed for $860,000 and was received on March 18, 2024. Want to learn more about 3401 N Troy Street? Do you have questions about finding other Multi-Family real estate for sale in Avondale? You can browse all Avondale real estate or contact a Coldwell Banker agent to request more information.