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Dream Town Realty



MLS #11703023

3951 W Van Buren Street , Chicago IL, 60624
West Garfield Park Multi Family 5+

Bed: - | Bath: 0 | Tax: 7944 | HOA: -

For Sale: $700,000


Payment Estimate: $0/month Payment Calculator

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    Pleased to exclusively offer for purchase the sale of 3951 W. Van Buren, a seven (7) unit walkup located in Chicago's historic West Garfield Park neighborhood. The property is located just one (1) block from Chicago's Blue Line "El" train station at Pulaski, and also just two (2) blocks from Garfield Park, which features ponds & gardens, athletic facilities, & the renowned Garfield Park Conservatory. 3951 W. Van Buren contains an extremely desirable unit mix of four (4) 2bd/1ba units and three (3) 3bd/1ba units, all of which feature hardwood flooring throughout. Additionally, all of the units, have been renovated and equipped with updated baths and kitchens and stainless steel appliances. Furthermore, the building boasts newer windows, in-unit laundry, in-unit furnaces & water heaters, newer roof, updated copper plumbing, newer electrical, and new porch (2021). 3951 W. Van Buren provides an investor with a unique opportunity to acquire a stabilized and strong cash flowing asset in Chicago's desirable pocket of West Garfield Park. From day one, a new owner will capitalize on an incredibly strong and subsidized tenant base, and will realize an in place cap rate of 10.13% and a cash on cash return of 22.26%. Through improved leasing, management, and raising rents to levels already being achieved in the building, an investor has the opportunity achieve a cap rate over 11% and a cash return over 26%.

    Features and Information

    Property Information

    • List Price: $700,000
    • Tax: $7,944
    • Square Feet: -
    • Market Time: 48
    • Status: Pending
    • Type: Multi Family 5+
    • Built: 1919
    • Garage Spaces: -
    • Dimensions: 125 X 35

    Property Location

    • Address: 3951 W Van Buren Street
    • Unit: -
    • Unit Floor Level: -
    • City/State: Chicago
    • ZIP: 60624
    • MLS Area: CHI - West Garfield Park
    • County: Cook
    • PIN #: 16141120020000


    • Heat: Individual Furnaces
    • Air Conditioning: -
    • Appliances: -
    • Parking: -
    • Age: Older
    • Exterior: -
    • Assessments Include: -


    • Total Rooms: -
    • Bedrooms: -
    • Master Bedroom: -
    • Bathrooms: 0
    • Master Bath: -

    Based on information submitted to the MLS GRID as of 3/23/2023 4:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Map of 3951 W Van Buren Street , Chicago IL, 60624
    Learn More About West Garfield Park

    Listed by: John Lambert - Kiser Group Realty Inc
    Source: MRED as distributed by MLS GRID

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