Unique Multi Family 5 Flat Located In McKinley Park – $449,850 (SOLD)

3434 S Wood St, Chicago, IL 60608 – McKinley Park

3434 S Wood St, Chicago, IL 60608 exterior

buyer rebates10% Projected cap rate. Unique opportunity to own a unique 5 flat in McKinley Park. This property consists of a single family home plus 2 Two Flats all on one lot and one PIN. You can live rent free in your own single family home and rent out the the other 4 flats to pay your mortgage. Property is in good shape. Rents are low and can be raised to increase your cash flow. New roof tear off in 2013, electrical,roth iron fence, tuckpointing, thermo windows, and central a/c in some units. Conveniently located in McKinley Park. Walk to Archer Ave., Orange Line, and all bus routes. This property also features a 4 car garage for additional income and a beautiful backyard that can be shared by all three buildings. You will be able to see two units on the first showing and if there is a serious interest you will be able to see the entire property.

Property Financials:

  • Cap rate 10%
  • Total Projected Monthly Rent Income – $4550
  • Unit 1 –¬†$850
  • Unit 2 – $950
  • Unit 3 – $850
  • Unit 4 – $1000
  • Unit 5 – $600
  • Garage Parking Space 1 – $75
  • Garage Parking Space 2 -$75
  • Garage Parking Space 3 – $75
  • Garage Parking Space 4 – $75
  • Annual Net Operating Income $43,715
  • Property Taxes $8,193

Exterior

Two flat to the left with a unit in the front and a studio unit in the back. Two flat to the right with a 2 bedroom on top floor and 1 bedroom on 1st floor. All three buildings are brick construction and in great shape.

3434 S Wood St, Chicago, IL 60608 exteriorFront of the single family unit that faces 33rd Street. Live here rent free and rent out the other 4 units.

3434 S Wood St, Chicago, IL 60608 exteriorFront of the 2 flat located at 3436 S. Wood. All brick construction.

3434 S Wood St, Chicago, IL 60608 exteriorLiving Room

Large living area on the 1st floor of 3434 S. Wood.

3434 S Wood St, Chicago, IL 60608 living room

Large living area with large windows for tons of sunlight.

3434 S Wood St, Chicago, IL 60608 living room

Kitchen

Kitchen located on the 1st floor of 3434 S. Wood.

3434 S Wood St, Chicago, IL 60608 kitchen1st floor kitchen that has tons of room for a table and chairs.

3434 S Wood St, Chicago, IL 60608 kitchenKitchen has enough room for preparing meals and dining in.

3434 S Wood St, Chicago, IL 60608 kitchenKitchen is large enough to also house the washer and dryer.

3434 S Wood St, Chicago, IL 60608 kitchenMaster Bedroom

Nice size lofted bedroom.

3434 S Wood St, Chicago, IL 60608 bedroomBathroom

Large bathroom located on the 1st floor of 3434 S. Wood.

3434 S Wood St, Chicago, IL 60608 bathroomBathroom has two entrances and can be entered from the bedroom as well as the kitchen area.

3434 S Wood St, Chicago, IL 60608 bathroomLiving Room

Very large living/dining area located on the 2nd floor of 3434 S. Wood.

3434 S Wood St, Chicago, IL 60608 living roomTons of windows allow the sun to stream through during the day.

3434 S Wood St, Chicago, IL 60608 living roomDining Room

Very large dining area located on the 2nd floor of 3434 S. Wood.

3434 S Wood St, Chicago, IL 60608 dining roomKitchen

Kitchen located on the 2nd floor of 3434 S. Wood. Nicely updated.

3434 S Wood St, Chicago, IL 60608 kitchen

Large kitchen with room for a dining table.

3434 S Wood St, Chicago, IL 60608 kitchenTons of cabinets make this a great kitchen.

3434 S Wood St, Chicago, IL 60608 kitchenNice kitchens and large living / dining areas make it easy to rent these units.

3434 S Wood St, Chicago, IL 60608 kitchenBedroom

Bedroom located on the 2nd floor.

3434 S Wood St, Chicago, IL 60608 bedroomBedroom

2nd bedroom located on the 2nd floor.

3434 S Wood St, Chicago, IL 60608 bedroomBathroom

Good size bathroom located in the 2nd floor unit.

3434 S Wood St, Chicago, IL 60608 bathroomYard/Garden

Lovey yard that is shared by all three buildings.

3434 S Wood St, Chicago, IL 60608 backyard2nd Garage

3434 S Wood St, Chicago, IL 60608 garage

Contact Information:

Please contact Gary Lucido at 312 738 0232 for a showing. Click here to see our other Chicago Area Homes for Sale.