3405 S Union Street
Chicago, IL 60616

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Description

Solid brick 6-unit income property near Sox Park! Front and back 4 room 2 bedroom and 1 bath units. Buildings with new windows and Separate GHF, easy to rent. Three units feature updated kitchens and baths, while three others have stable, long-term tenants. Excellent location close to restaurants, shops, and businesses along Halsted and 35th Street. A great opportunity for investors seeking steady income and future upside in a growing area.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60616
• Year Built: 1880
• Stories: 3
• Units: 6 units
• Basement: Finished
• Zoning: MULTI
• # Of Dishwashers: 6
• # Of Ranges: 6
• # Of Refrigs: 6
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Cap Rate: 4
• Construction Materials: Brick
• Directions: 35th east of Halsted to Union North to 3405
• Electric Expense: 413
• Electric Expense Source: Actual
• Expense Year: 2024
• Gross Income: 81132
• Gross Rent Multiplier: 14
• Gross Scheduled Income: 81132
• Heat/Ventilation: Wall Unit
• Information: List Broker Must Accompany
• Insurance Expense: 1793
• Insurance Expense Source: Actual
• Janitor Expense: 1385
• Lot Size Square Feet: 3125
• Main Type: Commercial Sale
• Maintenance Expense: 5831
• Manager Expense: 4647
• Manager Expense Source: AC
• Operating Expense: 34848
• Repairs-Decor Expense Source: Actual
• Tax Annual Amount: 10760
• Tax Year: 2023
• Total Annual Expense Source: Actual
• Total Monthly Income: 6761
• Type Multi-Family: Flats
• Water Expense Source: Broker Projection
• Water Sewer Expense: 1600