Brockette Homes
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- Sell
https://www.ruhlmortgage.com/BlakeEller.html
Description
The property presents an attractive value-add investment opportunity in Chicago's Bridgeport neighborhood. The brick building contains six legal units consisting of five two-bedroom/one-bath apartments and one studio, plus two large non-conforming loft-style studio units. The non-conforming units may offer the potential to be duplexed into existing apartments or converted to legal dwelling units under Chicago's expanded ADU ordinance, subject to zoning and municipal approval. A rear brick structure provides additional flexibility and could potentially be converted into a garage, repurposed as an additional ADU or demolished to create a larger parking pad. The property also includes a full basement with shared laundry and tenant storage. With strong cash flow in place and several opportunities to increase the property's legal unit count and long-term value, this property offers investors a compelling combination of immediate income and future upside.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 4,008
County: Cook
Listed By:
Sperry Van Ness
312-676-1866
MRED MLS
MLS ID: 12745712
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3320 S Carpenter Street, Chicago, IL 60608.
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,290,000 | $1,290,000 | $1,290,000 |
| Down Payment | $45,150 | $0 | $258,000 |
| Monthly Mortgage Amount | $7,902 | $8,329 | $6,523 |
| Taxes | $1795 | $1795 | $1795 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $774 | $0 | $0 |
| Monthly Estimated Total | $10,847 | $10,500 | $8,694 |
Brockette Homes
Office: (319) 551-8692
Cell: (319) 327-7992
Licensed in IA
Cedar Rapids Office
5805 Council St. NE
Suite A
Cedar Rapids, IA 52402
(319) 373-7845
Suite A
Cedar Rapids, IA 52402
(319) 373-7845
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