46
See all 46 photos
$450,000
Est. payment /mo
11 Beds
4 Baths
3,049 Sqft Lot
Active
3003 S Kedvale AVE Chicago, IL 60623
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Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12312814
Bedrooms 11
Year Built 1907
Annual Tax Amount $7,806
Tax Year 2023
Lot Size 3,049 Sqft
Lot Dimensions 25X125
Property Sub-Type Two to Four Units
Property Description
Pleased to offer the opportunity to purchase a 4,017 SF brick multifamily building located at 3003 S Kedvale Ave, Chicago, IL 60623. The property consists of four spacious units, making it a high-income-producing asset with strong tenant demand. Three units each feature three generously sized bedrooms, separate dining and living rooms, and private porch access for additional storage, while the fourth unit has a two-bedroom, one-bathroom layout, with separate dining and kitchen. Building is fully stabilized, providing immediate rental income and strong cash flow. Only one rental rate is close to the current market rent, offering the potential for immediate rental upside with strategic adjustments for the remaining three. At full stabilization, the property benefits from lower tax liabilities, increasing netoperating income (NOI). Utilities are equipped with four separate gas meters and four separate electrical meters, ensuring tenant-paid utilities and reduced owner expenses. The property has a mix of copper and galvanized plumbing. Electrical updates and tuckpointing: 2015. Roof: ten years old. Heaters for Units 1, 2, and 4: 2022. Boilers-Units 1 and 4: 2018, Unit 2: 2022, Unit 3: 2023. 4th unit windows: 2024. The building also includes a sump pump for added safety. Parking features a detached 2.5-car garage, with two vehicles currently housed at a charge of 150 Dollars per month, and ample enclosed backyard space, providing additional tenant value. All units feature true hardwood flooring throughout, ensuring long-term durability and appeal. The Little Village rental market continues to show strong demand, with competitive lease rates in the 60623 zip code; full rental rate study for the market within our complete offering details which you may request. With 4,017 SF of total building space, the property delivers a high rental revenue per square foot, making it an excellent turnkey investment for cash flow-focused buyers. This property is positioned in one of Chicago's strongest rental submarkets, offering prime access to transit, recreation, and long-term anchor businesses, including the 31st Street Bus (Route 31) just steps from the property and the Pulaski Road Bus (Route 53) accessible within a 5-minute walk, providing direct connections to surrounding neighborhoods. The property is minutes from I-55 (Stevenson Expressway) ramps, allowing for seamless access to downtown Chicago and beyond. The property is also close to Piotrowski Park, a key community staple offering recreational facilities and hosting numerous community events, and the property is located on the same block as Chicago Fire Department Engine Company 109, enhancing safety and potential insurance benefits. Surrounded by essential services, grocery stores, and national retailers, the area also features Home Run Inn Pizza, a long-term anchor business nearby. This turnkey multifamily asset in Little Village offers strong rental upside, minimal expenses, and a strategic Chicago location, making it an ideal investment for both experienced and first-time multifamily investors. Contact The Listing Agent Directly For The Complete Offering Details.
Location
State IL
County Cook
Area Chi - South Lawndale
Rooms
Basement Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Parking Features Detached
Garage Spaces 2.5
Community Features Park, Pool, Street Lights, Street Paved
Building
Dwelling Type Two to Four Units
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Manuel Torrejon-Regalado • Keller Williams ONEChicago
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