Closed

$665,000

Favorite

4300 W Flournoy Street

Chicago, Illinois 60624

Closed / MLS #10965555 / Multiple Family / West Garfield Park

Listing information updated 6/27/2023 at 10:43am

- 9.19% In Place Cap Rate - Gross Income w/ 5% vacancy: $97,185 - NOI: $62,055 Kiser Group is pleased to exclusively offer for purchase the sale of 4300 W. Flournoy, a ten (10) unit walk-up located in Chicago's historic West Garfield Park neighborhood. The property is located less than one (1) block from the I-290 Express and just two (2) blocks from Chicago's Blue Line "El" train station at Pulaski, which both provide tenants a quick and easy commute to Chicago's downtown (roughly 10 minutes). 4300 W. Flournoy is comprised solely of ten (10) 2bd/1ba units, all of which feature hardwood flooring throughout. All of the units, however, have been renovated and equipped with updated kitchens and baths. Furthermore, the building boasts new windows, newer roof, 24-hour security, and in-unit furnaces. 4300 W. Flournoy provides an investor with a unique opportunity to acquire a stabilized and strong cash flowing asset in Chicago's desirable pocket of West Garfield Park. From day one, a new owner will capitalize on an incredibly strong and long term tenant base, and will realize an in place cap rate of 9.19%. Through improved leasing, management, and raising rents to market rate, an investor has the opportunity achieve a cap rate of 10.65% and a cash return of 23.28%.

Full Features

Water Front:

Square Feet:

N/A

Acreage:

0.1

Built:

1927

Stories:

Current Net Income:

$62,055

Unit 1:

5 room(s) / 2 bed(s) / 1 bath(s)

Taxes & Assessments

Tax Amount:

$9,898

Tax Year:

2019

Location

Zip Code:

60624

City:

Chicago

County:

Cook

Listing Office: Kiser Group Realty Inc

Listing Office Phone: 773.293.5000

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 6/27/2023 at 10:43am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

West Garfield Park, IL

West Garfield Park, on Chicago’s West Side immediately west of Garfield Park, is a testament to resilience and community. Long-time residents appreciate the tight-knit community, convenient transportation, short commute downtown and affordable housing as well as access to the park. Garfield Park i...

Learn More

CTA

Blue line at Pulaski

$219,501

Average Sale Price

138

Average Days On The Market

95%

Sales Prices VS. List Price

Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.

New Listings in West Garfield Park, IL

Recently Sold Homes in West Garfield Park, IL

Popular Neighborhoods near West Garfield Park, IL

4300 W Flournoy Street is a multiple family which sold for $665,000. This multiple family has been listed on @properties since January 6th, 2021 and was built in 1927. The nearest transit stops include Pulaski CTA Blue line.