Active · For Sale · Mixed Use

3421 W Armitage Avenue, Chicago, IL 60647

MLS opportunity selected in connection with 1028 Argyle St, Chicago, IL 60640

MLS #12674941

3421 W Armitage Avenue, Chicago, IL 60647
3421 W Armitage Avenue, Chicago, IL 60647CRER
3421 W Armitage Avenue, Chicago, IL 60647

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3421 W Armitage Avenue, Chicago, IL 60647

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The property

Executive summary

Updated five-unit mixed-use building in a prime Logan Square location. The property features four residential units, each offering two bedrooms and one bathroom, situated above a ground-floor commercial space. Recently updated 5 units. All residential units include high-end stainless steel appliances, quartz countertops, soft-close cabinetry, and in-unit laundry. The deep rear lot provides parking for all five units. The adjacent vacant lot at 3423 W. Armitage Avenue, previously listed under MLS #10830668, may also be available for $300,000.00, offering investors additional redevelopment, expansion, or business opportunities. An excellent investment opportunity in one of Chicago's most desirable and rapidly developing neighborhoods Next-door land is for sale too,

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Property Intelligence

Financial Snapshot

Reported Annual Income
$128,880
Reported Annual Expenses
$35,197
Estimated NOI
$93,683
Estimated Cap Rate
5.68%
Estimated GRM
12.80
Annual Taxes
$24,593 (2024)

Property Details

Units
5
Lot Size
3,750 SF
Lot Dimensions
25X150
Stories
3
Year Built
1889
Building Age
Older
Construction
Brick
Zoning
COMMR
Parcel Number
13354020050000

Operations & Utilities

Heating
Forced Air, Gas
Cooling
Central Air
Tenant Pays
Electricity, Heat
Electric
None
Possession
Closing

Location & Use

County
Cook
Market Area
Chicago - Logan Square

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.