Multifamily
3012 W Warren Blvd
3012 W Warren Blvd, Chicago, IL 60612
Listing Price: $1,075,000
Investment Overview
Marcus & Millichap proudly presents 3012 W Warren Blvd, a 7-unit property in East
Garfield Park, offering a blend of classic Chicago architecture and modern updates. This
property features a mix of spacious 1- and 2-bedroom units , + a legal Studio-Basement Unit, with under-market rents, providing immediate income growth potential. Amenities include shared outdoor space, secure entry, and on-street parking, with room for additional enhancements.
Located on a tree-lined street, 3012 W Warren boasts convenient access to CTA transit,
major highways, Garfield Park Conservatory, and local dining and retail. Investors can
maximize returns by aligning rents with market rates and upgrading units with stainless
steel appliances and modern finishes, attracting higher-paying tenants or exploring
condo-quality conversions. This is a prime value-add opportunity in a thriving
neighborhood.
3012 W Warren Blvd
Investment Highlights
- Below Market Rents: Current rents are below market value, offering a new owner the opportunity to increase rental income by adjusting rents to match current market rates.
- Value-Add Opportunity: A pro-forma investment with potential to add value through minor cosmetic upgrades, such as stainless steel appliances and updated finishes, to increase overall property value.
- Prime Location: Situated in a highly desirable area with easy access to public transit, parks, and local amenities. 1 mile walk from United Center & $7b investment in the area.
Exclusively Listed By
Financing By
Listing Price: $1,075,000
Investment Highlights
- Below Market Rents: Current rents are below market value, offering a new owner the opportunity to increase rental income by adjusting rents to match current market rates.
- Value-Add Opportunity: A pro-forma investment with potential to add value through minor cosmetic upgrades, such as stainless steel appliances and updated finishes, to increase overall property value.
- Prime Location: Situated in a highly desirable area with easy access to public transit, parks, and local amenities. 1 mile walk from United Center & $7b investment in the area.
Investment Overview
Marcus & Millichap proudly presents 3012 W Warren Blvd, a 7-unit property in East Garfield Park, offering a blend of classic Chicago architecture and modern updates. This property features a mix of spacious 1- and 2-bedroom units , + a legal Studio-Basement Unit, with under-market rents, providing immediate income growth potential. Amenities include shared outdoor space, secure entry, and on-street parking, with room for additional enhancements. Located on a tree-lined street, 3012 W Warren boasts convenient access to CTA transit, major highways, Garfield Park Conservatory, and local dining and retail. Investors can maximize returns by aligning rents with market rates and upgrading units with stainless steel appliances and modern finishes, attracting higher-paying tenants or exploring condo-quality conversions. This is a prime value-add opportunity in a thriving neighborhood.
Exclusively Listed By
Financing By
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