3716 W Polk ST, Chicago, IL 60624
3716 W Polk ST, Chicago, IL 60624
3716 W Polk ST, Chicago, IL 60624
3716 W Polk ST, Chicago, IL 60624
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$ 334,900
Est. payment | /mo

9 Beds

3 Baths

3,049 Sqft Lot


Save
$ 334,900
Est. payment | /mo
Save

9 Beds

3 Baths

3,049 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12698613

Bedrooms 9

Year Built 1897

Annual Tax Amount $4,658

Tax Year 2023

Lot Size 3,049 Sqft

Lot Dimensions 25X123

Property Sub-Type Two to Four Units

Property Description

INVESTOR ALERT! VALUE-ADD OPPORTUNITY IN EAST GARFIELD PARK! Calling all investors, developers, and rehabbers looking for their next value-add opportunity! This rapidly growing neighborhood continues to experience exciting redevelopment, making this an exceptional opportunity for a complete renovation with tremendous upside. This oversized 3-story brick three-flat features three spacious 3-bedroom units, a full unfinished basement, and is perfectly positioned directly across from a neighborhood school on a quiet residential block. Conveniently located near transportation, shopping, parks, schools, and everyday conveniences, this property is ideally situated in one of East Garfield Park's most active and closely watched investment communities. This property presents exceptional upside for the right buyer and is ready for a complete renovation. Investors, developers, and rehabbers will immediately recognize the opportunity to reimagine this oversized three-flat and create significant long-term value. The full unfinished basement adds another layer of potential, offering exciting possibilities for future expansion. Whether transformed into additional living space, enhanced amenities, or explored as a potential income-producing opportunity, the lower level provides tremendous flexibility for buyers looking to increase the property's overall value, equity, and future earning potential. Buyers are encouraged to conduct their own due diligence regarding future improvement possibilities. Investors may also wish to explore opportunities to individually meter utilities, install separate gas, forced-air heating, and water systems, add individual water heaters for each unit where feasible, and reconfigure utility services to help shift utility responsibilities, reduce owner operating expenses, and improve long-term investment performance. These strategic improvements have the potential to increase efficiency, strengthen cash flow, and further enhance the property's long-term value. The property is being sold AS-IS. The buyer will be responsible for all required city inspections, municipal requirements, property clean-out, and any repairs. No survey or seller disclosures will be provided. Proof of funds or a lender pre-approval letter must accompany all offers. Taxes will be prorated at 100%, and all earnest money must be submitted in certified funds. Room counts, dimensions, lot size, and other property details are believed to be accurate but are not guaranteed. Properties with this combination of size, location, and redevelopment potential are becoming increasingly difficult to find. Whether you're expanding your portfolio, planning your next redevelopment project, or searching for your next value-add opportunity, this oversized brick three-flat offers the foundation to create something truly exceptional. Bring your vision. Execute your plan. Unlock the full potential of this outstanding investment opportunity.

Location

State IL

County Cook

Area Chi - East Garfield Park

Zoning MULTI

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas, Electric

Fireplace N

Exterior

Community Features Curbs, Gated, Sidewalks, Street Lights, Street Paved

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Midwest Real Estate Data (MRED) IDX
Listed by Monica Poland of  RE/MAX 10 Lincoln Park 
Legacy Property Management

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(224) 999-9200

propertymanagement@legacypropertiesil.com

1350 Remington Rd, Suite B, Schaumburg IL, Other

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3716 W Polk ST