Kotohomes Logo
Kotohomes partnered with:
Moline Dispatch & Rock Island Argus
For Sale For Rent
Advertise
bedrooms
bedrooms
11
bathrooms
bathrooms
0
square feet
square feet
0
acreage
Acreage
0.07
open houses
Open Houses
-
year built
year built
1907
full baths
Full Baths
0
half baths
Half Baths
0
Pleased to offer the opportunity to purchase a 4,017 SF brick multifamily building located at 3003 S Kedvale Ave, Chicago, IL 60623. The property consists of four spacious units, making it a high-income-producing asset with strong tenant demand. Three units each feature three generously sized bedrooms, separate dining and living rooms, and private porch access for additional storage, while the fourth unit has a two-bedroom, one-bathroom layout, with separate dining and kitchen. Building is fully stabilized, providing immediate rental income and strong cash flow. Only one rental rate is close to the current market rent, offering the potential for immediate rental upside with strategic adjustments for the remaining three. At full stabilization, the property benefits from lower tax liabilities, increasing netoperating income (NOI). Utilities are equipped with four separate gas meters and four separate electrical meters, ensuring tenant-paid utilities and reduced owner expenses. The property has a mix of copper and galvanized plumbing. Electrical updates and tuckpointing: 2015. Roof: ten years old. Heaters for Units 1, 2, and 4: 2022. Boilers-Units 1 and 4: 2018, Unit 2: 2022, Unit 3: 2023. 4th unit windows: 2024. The building also includes a sump pump for added safety. Parking features a detached 2.5-car garage, with two vehicles currently housed at a charge of 150 Dollars per month, and ample enclosed backyard space, providing additional tenant value. All units feature true hardwood flooring throughout, ensuring long-term durability and appeal. The Little Village rental market continues to show strong demand, with competitive lease rates in the 60623 zip code; full rental rate study for the market within our complete offering details which you may request. With 4,017 SF of total building space, the property delivers a high rental revenue per square foot, making it an excellent turnkey investment for cash flow-focused buyers. This property is positioned in one of Chicago's strongest rental submarkets, offering prime access to transit, recreation, and long-term anchor businesses, including the 31st Street Bus (Route 31) just steps from the property and the Pulaski Road Bus (Route 53) accessible within a 5-minute walk, providing direct connections to surrounding neighborhoods. The property is minutes from I-55 (Stevenson Expressway) ramps, allowing for seamless access to downtown Chicago and beyond. The property is also close to Piotrowski Park, a key community staple offering recreational facilities and hosting numerous community events, and the property is located on the same block as Chicago Fire Department Engine Company 109, enhancing safety and potential insurance benefits. Surrounded by essential services, grocery stores, and national retailers, the area also features Home Run Inn Pizza, a long-term anchor business nearby. This turnkey multifamily asset in Little Village offers strong rental upside, minimal expenses, and a strategic Chicago location, making it an ideal investment for both experienced and first-time multifamily investors. Contact The Listing Agent Directly For The Complete Offering Details.
Location
Subdivision -
County Cook
Elementary School -
Middle School -
High School -
Exact location data not provided
no map
open houses Open houses
None scheduled.
Find out more
Tell us who you are, and we will have someone reach out to you.

By proceeding, you consent to receive calls, texts and voicemails at the number you provided (may be recorded and may be autodialed and use pre-recorded and artificial voices), and email, from Kotohomes, Manuel Torrejon-Regalado, and their network of service providers about your inquiry and other home-related matters.

Msg/data rates may apply. This consent applies even if you are on a do not call list and is not a condition of any purchase.

MLS number: 12312814
Listing agent: Manuel Torrejon-Regalado #475165475
Listing broker: Keller Williams Chicago Onechicago (312) 216-2422
Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Monday, March 17 2025 at 5:46 p.m. EDT
Kotohomes National