3707 S MICHIGAN Avenue Chicago, IL ^$ 349,900

3707 S MICHIGAN Avenue

^$ 349,900

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3707 S MICHIGAN Avenue

Chicago, IL, 60653

^$ 349,900

Bedrooms6 Baths3.0

Monthly Estimate*

^$ 2,326

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Multi-Family Home for sale in Chicago, IL

for $349,900 with 6 bedrooms and 3 full baths. This home was built in 1948.

DON'T MISS AN OPPORTUNITY TO PURCHASE A LEGAL 2-UNIT BUILDING WITH AN ADDITIONAL GARDEN UNIT IN A RED HOT AREA. EACH UPDATED UNIT IN THIS BUILDING IS RENTAL READY AND FEATURES 3 BEDROOMS AND 1 FULL BATH. LOTS OF RECENT EXTERIOR / INTERIOR IMPROVEMENTS. THE GARDEN UNIT CAN BE USED TO RENT OUT FOR ADDITIONAL INCOME OR USED FOR IN-LAW LIVING AS WELL. SEPARATE UTILITIES INCLUDING 2 CENTRAL AC UNITS EACH FOR 1ST AND 2ND FLOOR UNITS. INVESTMENT RETURN ON ILLINOIS INSTITUTE OF TECHNOLOGY STUDENT APARTMENTS IS EXTREMELY HIGH! IT'S ALSO A LUCRATIVE BUSINESS OPPORTUNITY FOR AIRBNB. PROPERTY IS CLOSE TO THE RED LINE AND GREEN LINE, GUARANTEED RATE FIELD - CHICAGO WHITE SOX, SOLDIER FIELD - CHICAGO BEARS, MCCORMICK PLACE, SHEDD AQUARIUM, ADLER PLANETARIUM, CHINATOWN, AND ALL MAJOR BEACHES. LOW REAL ESTATE TAXES & NO HOA FEES.

Multi-Family Active

Price

^$ 349,900

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 3,949

Style

Year Built

1948

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12049861

Features

General

Sewer Public Sewer Sewer-Storm

Heating Natural Gas Forced Air

Possession Closing

Roof Flat

Exterior Features Porch

Zoning MULTI

Year Built 1948

Township South Chicago

Tax Year 2022

Percent Ownership Fee Simple

County Cook

New Construction N

Property Type Residential Income Two to Four Units

Total Rooms 12

Status Active

Directions CORNER OF MICHIGAN AVENUE AND EAST 37TH STREET.

City Chicago

High School District 299

MLS Area CHI - Douglas

Waterfront Y/N N

Street Name MICHIGAN

Tax Annual Amount 3949.87

Additional Parcels Y/N N

Days on Market 6

Standard Status Active

Middle/Junior School District 299

Elementary School District 299

Interior

Basement Full Finished

Street Suffix Avenue

Total Bedrooms 6

Total Baths 3

Bedrooms Possible 6

Full Baths Building 3

Half Baths Building 0

Total Number of Units 2

Exterior

Water Source Lake Michigan Public

Total Parking 0

Lot Dimensions 46X48

Exterior Brick

* Excluded Features

List By

Homesmart Realty Group

Broker

jkolar@cirrusholdings.com

Affordability Calculator

$2,655

Per Month

Monthly Principal & Interest: $2,326
Monthly Property Taxes: $329
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$645,879

Percent of Sale Price 85%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

566059 Elementary School

566846 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/7/2024	$349,900		Listed Price

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3707 S MICHIGAN Avenue, Chicago, IL, 60653 is a Multi-Family Home for sale at $349,900. 3707 S MICHIGAN Avenue has 6 bedrooms, 3.0 baths, and was built in 1948. The property's zip code is 60653 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 5/23/2024.

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3707 S MICHIGAN Avenue

Multi-Family Home for sale in Chicago, IL

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