For SALE – Off Market – Legal 3 Unit In Logan Square Assigned

  • $445,000
  • 7 beds
  • 4 baths

For SALE – Off Market – Legal 3 Unit In Logan Square:
Purchase Asking Price: $445,000

As Is Value: $585,000

– Value Add:  Rehab ARV: $800,000 – 1.1mil

This is an off market legal 3 unit property in a super-hot Logan Square-west Bucktown, amazing location, steps away from the 606 trail and close to the blue line. 6 bedrooms, 4 bathrooms.

Fully rented: -1st unit: 3bed 1 bath – $1,600 a month – in rental in between tenants

-2nd unit: 2bed, 2baths – $1,200 a month – lease expires April 2020

-3rd unit: 1bed, 1bath – $650 a month – lease expires April 2020

As is rented no work needed if buying and holding.

Under market rents, big potential for rent increase. It has additional unfinished basement.

Option to for additional income for 2-3 back parking spots – currently not utilized.

Value add option:

A new great rehab will greatly increase this property’s equity and profit potential. One of kind deal for new in a great neighborhood with homes selling from 800K to above $1,000,000 +!!!

This comp is identical and potential of value add two blocks away from subject property: sold for$1.09 Million

Pictures: click on the link or copy and paste:


Zoning: RS3 – Legal 3unit
Property Type: 3 Units, Beds: 6, Baths: 4
Sq.Ft: 2,650  –  Sq.Ft Lot: 3,155
Condition / Repairs needed: no repairs needed fully rented, or rehab to condo grade quality and resell for max market ARV.

Sold Comparables:

click on each address for more details:

As Is comps:  – 2unit sold $572K    – 2 unit $560K  -3unit active $597K  – 3unit sold $648K   – 3unit sold $765K

17XX N Talman Ave
Chicago, IL 60647
Assignment of Contract
Property Type:

Call 773.893.0838. for more details

Property Location