Incredible Investment Opportunity - 3-Unit Brick Building with Strong Rental Income and Guaranteed CHA Tenants! This well maintained property features three spacious units, each comprising 4 bedrooms and 1 bathroom. Generating a solid gross monthly income of $4,251, all units are currently leased to CHA (Chicago Housing Authority) tenants, providing a guaranteed government-backed rent. The convenience of separate utilities and gas forced air systems adds appeal, while the month-to-month lease agreements provide the flexibility to either capitalize on the attractive rental income or opt for owner occupancy. Don't miss your chance to own this remarkable property offering steady cash flow and investment potential in a sought-after location.
Closed
$390,000
3911 W 14th St, Chicago, IL 60623
12beds
--sqft
Multi Family
Built in 1920
-- sqft lot
$511,500 Zestimate®
$--/sqft
$1,609 Estimated rent
Home value
$511,500
$455,000 - $568,000
$1,609/mo
Zestimate® history
Owner options
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$2,783/mo
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$2,783/mo
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Zillow last checked:
Listing updated:
Listed by:
Sam Shah 847-757-2777,
YBRS Realty Inc.
Bought with:
Scott M Siegel
Chicago Real Estate Authority
Source: MRED as distributed by MLS GRID,MLS#: 11870435
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Forced Air
Features
- Basement: Finished,Full
Property
Parking
- Total spaces: 3
- Parking features: On Site, Other
Lot
- Size: 3,625 Square Feet
- Dimensions: 29 X 125
Details
- Parcel number: 16231150050000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1920
- Major remodel year: 2018
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $300,000
- Annual tax amount: $1,916
- Date on market: 8/26/2023
- Listing terms: FHA
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 12/14/2023 | Sold | $390,000-3.7% |
Source:  MRED as distributed by MLS GRID #11870435 Report a problem | ||
| 10/24/2023 | Contingent | $405,000 |
Source: MRED as distributed by MLS GRID #11870435 Report a problem | ||
| 9/22/2023 | Listed for sale | $405,000 |
Source: MRED as distributed by MLS GRID #11870435 Report a problem | ||
| 9/20/2023 | Contingent | $405,000 |
Source: MRED as distributed by MLS GRID #11870435 Report a problem | ||
| 8/26/2023 | Listed for sale | $405,000+1057.1% |
Source: MRED as distributed by MLS GRID #11870435 Report a problem | ||
| 12/13/2020 | Listing removed | $1,550 |
Source: Go Section8 Report a problem | ||
| 11/26/2020 | Listed for rent | $1,550 |
Source: Go Section8 Report a problem | ||
| 5/16/2018 | Listing removed | $35,000 |
Source: RE/MAX Premier Properties #09857947 Report a problem | ||
| 2/15/2018 | Pending sale | $35,000 |
Source: RE/MAX Premier #09857947 Report a problem | ||
| 1/3/2018 | Listed for sale | $35,000 |
Source: RE/MAX Premier Properties #09698038 Report a problem | ||
| 12/29/2017 | Pending sale | $35,000 |
Source: RE/MAX Premier Properties #09698038 Report a problem | ||
| 12/12/2017 | Listed for sale | $35,000 |
Source: RE/MAX Premier Properties #09698038 Report a problem | ||
| 11/26/2017 | Pending sale | $35,000 |
Source: RE/MAX Premier Properties #09698038 Report a problem | ||
| 9/12/2017 | Listed for sale | $35,000 |
Source: RE/MAX Premier Properties #09698038 Report a problem | ||
| 8/5/2017 | Pending sale | $35,000 |
Source: RE/MAX Premier Properties #09698038 Report a problem | ||
| 8/1/2017 | Listed for sale | $35,000 |
Source: RE/MAX Premier Properties #09698038 Report a problem | ||
| 7/28/2017 | Pending sale | $35,000 |
Source: RE/MAX Premier Properties #09698038 Report a problem | ||
| 7/21/2017 | Listed for sale | $35,000+191.7% |
Source: RE/MAX Premier #09698038 Report a problem | ||
| 2/1/2017 | Sold | $12,000-38.5% |
Source: MRED as distributed by MLS GRID #09266542 Report a problem | ||
| 2/1/2017 | Pending sale | $19,500 |
Source: The Leading Realtors Corp. #09266542 Report a problem | ||
| 11/30/2016 | Price change | $19,500-7.1% |
Source: The Leading Realtors Corp. #09266542 Report a problem | ||
| 9/19/2016 | Listed for sale | $21,000 |
Source: The Leading Realtors Corp. #09266542 Report a problem | ||
| 9/15/2016 | Pending sale | $21,000 |
Source: The Leading Realtors Corp. #09266542 Report a problem | ||
| 8/28/2016 | Price change | $21,000+16.7% |
Source: The Leading Realtors Corp. #09266542 Report a problem | ||
| 7/22/2016 | Price change | $18,000-10% |
Source: The Leading Realtors Corp. #09266542 Report a problem | ||
| 6/23/2016 | Listed for sale | $20,000-86.7% |
Source: The Leading Realtors Corp. #09266542 Report a problem | ||
| 9/21/2007 | Sold | $150,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,050 +200.8% | $30,000 +215.8% |
| 2023 | $2,011 +2.6% | $9,499 |
| 2022 | $1,960 +2.3% | $9,499 |
| 2021 | $1,916 +47% | $9,499 +62.8% |
| 2020 | $1,304 -67.6% | $5,833 -70.8% |
| 2019 | $4,021 +1.7% | $19,945 |
| 2018 | $3,953 +1% | $19,945 +10.1% |
| 2017 | $3,913 -6.5% | $18,113 -13.3% |
| 2016 | $4,183 +9.3% | $20,883 |
| 2015 | $3,827 -8% | $20,883 -6.8% |
| 2014 | $4,157 +2% | $22,407 |
| 2013 | $4,075 +1.4% | $22,407 |
| 2012 | $4,021 -22.4% | $22,407 -30% |
| 2011 | $5,184 -0.4% | $31,988 |
| 2010 | $5,205 +4.4% | $31,988 |
| 2009 | $4,988 +0.5% | $31,988 -7.5% |
| 2008 | $4,963 +1% | $34,596 |
| 2007 | $4,914 +72.7% | $34,596 |
| 2006 | $2,846 +99.1% | $34,596 +167.3% |
| 2005 | $1,429 +1.9% | $12,944 |
| 2004 | $1,402 +4.5% | $12,944 |
| 2003 | $1,342 +24% | $12,944 +32.5% |
| 2002 | $1,083 -5.6% | $9,772 |
| 2001 | $1,147 +20.8% | $9,772 |
| 2000 | $950 -20.9% | $9,772 +32.8% |
| 1999 | $1,201 | $7,357 |
Find assessor info on the county website
Neighborhood: Lawndale
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Nearby schools
GreatSchools rating
- 2/10Penn Elementary SchoolGrades: PK-8Distance: 0.3 mi
- 2/10Infinity Math Science & Tech High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$511,500
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Estimated market value
$511,500
- Illinois
- Cook County
- Chicago
- 60623
- Lawndale
- 3911 W 14th St
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