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3200 W Fulton Boulevard, Chicago, IL

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3200 W Fulton Boulevard

Chicago, IL 60624-2011 - East Garfield Park MF Submarket

Property Type:Multi-Family Number of Units:24 Status:Existing Year Built:1899
Stories:3 Building Size:30,000 SF Land Area:.33 AC (14,440 SF)
For Sale Price:$1,600,000 Price/Unit:$66,666.67 Cap Rate:10.20 % GRM:5.56

Parking:.5 Parking Spaces / 1,000 SF

Sale Notes:
This property is a unique opportunity to own a multi-family in a B-3-2 Zoning. This zoning is extremely conducive to the development of mixed use development. Only a short 2 block walk to the Kedzie green line stop & 1 block from the Kedzie N-W Union Pacific West stop. Approximately 20 minute commute to the loop. The property has gone through an extensive rehab. Tear off roof, new boiler, two new hot water, all new lintels, complete tuck pointing, striped and paved parking lot (15 spots), complete renovation of interiors, new radiators. There is still an opportunity for value add with extra storage/community space in basements. Each unit has large walk in pantries. Beautiful new store front style doors in front entrances, fitted with buzzer system. Property is vacant, with the intent to begin occupying units October 1st. Strong opportunist to fill property with your own Tenant selection plan. Structurally, this property is sound, city inspectors and permits have been involved through out the entire restoration process.

From I-290 head north. Property is located on North west corner of Fulton & Kedzie.

KMA Holdings, LLC
Devin Rowland
(773) 435-8300

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