1. Illinois
2. Chicago
3. 3034 W 38th Place

3034 W 38th Place, Chicago, IL 60632

• 9 beds |
• 5 baths

Property Description

Rare, Cash-Flowing 4-Unit in Red-Hot Brighton Park! This incredibly spacious and fully legal 4-unit brick building in the heart of Brighton Park offers a rare opportunity to own a cash-positive investment property. When fully rented, this property generates positive cash flow even after mortgage payments. The property is in high demand-vacancies typically generate 100+ inquiries, and two units are already occupied by excellent long-term tenants. The other two units are move-in ready, allowing the new owner the flexibility to live on-site or lease them out immediately. The owner, a retiring investor with a long and successful portfolio history, has made extensive updates, including: Exterior masonry renovations in 2022: (tuckpointing, parapet wall, coping tiles, chimney, and roof repairs); Most windows replaced in 2013-2014; New flooring in one unit 2025; New furnaces in rear second-floor unit 2021-2022; Two water heaters replaced in 2019-2020; Boilers replaced in 2014-2019; Electrical service upgraded in 2013. Additional features include: 4 large storage units; 4 parking spaces (extra income); Separate meters for gas and electricity, Tenants pay all utilities. Zoned for 4 units - fully legal. There is also a basement space with additional finished living area (including a kitchen, living room, full bath, and bedroom) that may serve as related living area. This property will sell fast. Bring your best offer and don't miss your chance to own a turn-key, income-producing building in one of Chicago's most rapidly appreciating neighborhoods.

Listing Status:

Active

Listing Office:

Core Realty & Investments Inc. : 773-531-4083

Listing Agent:

Carlos Matos : 773-531-4083

MLS ID:

12453484

Interior

• Basement: Partially FinishedFullWalk-Out Access
• Heating: Natural Gas

Exterior

Location

Lot

Utilities

Financial

This listing courtesy of Carlos Matos, Core Realty & Investments Inc.