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3600 W Flournoy Street, Chicago, IL 60624
$815,000
3600 W Flournoy Street, Chicago, IL 60624View this property at 3600 W Flournoy Street, Chicago, IL 60624
3600 W Flournoy StreetChicagoIL60624
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Property Description
3600 W. Flournoy is a nine (9) unit walk-up located in Chicago's Homan Square neighborhood. The property is located just one (1) block from the I-290 Express and just two (2) blocks from Chicago's Blue Line "El" train station at Kedzie-Homan, which both provide tenants a quick and easy commute to Chicago's downtown (roughly 10 minutes.) 3600 W. Flournoy is comprised of six (6) 3bd/1ba units and three (3) 2bd/1ba units, all of which are incredibly spacious boasting over 1,000 square feet of living space. All of the units have been gut-renovated and equipped with updated kitchens and baths. Recent capital improvements to the building consist of, but not limited to: a new 1200 amp electric service with in unit breaker boxes, in-unit and separate furnaces and hot water tanks, new windows, updated copper plumbing, and new porch. 3600 W. Flournoy provides an investor with a unique opportunity to acquire a stabilized and strong cash flowing asset in Chicago's desirable pocket of Homan Square. From day one, a new owner will capitalize on an incredibly strong, subsidized tenant base, and will realize an in place cap rate of 8.04% and a cash-on-cash return of nearly 12%. Additionally, an assumable loan is available with a 4.375% interest rate, 1/1/2026 maturity date, $551,863 principal balance.
Full Property Details
Full Property Details for 3600 W Flournoy St
General
- Sold For: $815,000
- Taxes: $15,698 (2021)
- Status: Closed
- Type: Commercial
- MLS ID: 11776378
- Added to Site: 342 day(s) ago
Location
- Area: CHI - East Garfield Park
- County: Cook
- Driving Directions: From I-290W, take exit toward Independence Blvd then turn south onto Independence Blvd. Turn left onto Harrison St, turn right onto S Lawndale Ave, then left onto Flournoy to 3600.
Heating & Cooling
- Heating Type: Individual Furnaces
Structural Information
- Stories/Levels: 3
- Year Built: 1925
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 123' x 49'
Financial Considerations
- Operating Expenses: $40,247
- Assessment Year: 1925
- Tax Amount: $15,698
- Tax Year: 2021
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 16143040330000
Listed by Kiser Group Realty Inc
Sold by Avanti Real Estate
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Schools
Schools serving 3600 W Flournoy St
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
3715 W Polk St, Chicago, IL 60624 | PK-8 | 0.2 mi | |
2935 W Polk St, Chicago, IL 60612 | 9-12 | 0.8 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 3600 W Flournoy St
Date
Details
Price
Change
Source
9/29/2023
Sold
$815,000
-2.96%
MLS
5/03/2023
Listed
$839,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3600 W Flournoy Street, Chicago, IL 60624 (MLS# 11776378) is a Commercial property that was sold at $815,000 on September 29, 2023. Want to learn more about 3600 W Flournoy Street? Do you have questions about finding other Commercial real estate for sale in East Garfield Park? You can browse all East Garfield Park real estate or contact a Coldwell Banker agent to request more information.