3139 W Jarvis Ave

Chicago, IL 60645
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3 bd, 2 ba | 2,196 sqft | Built in 1955

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List Price
$636,000

Initial Investment

$173,310

Purchase Price

$636,000

Down Payment

25%

Rent

$3,390

Total Return

$102,780

Annualized Return

8.7%

Cap Rate

3.4%

Gross Yield

6.4%

Cash Flow

-$14,259

Appreciation

5.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

3,750

HOA

None

Flood Risk

Not Required

This beautifully maintained and updated Jumbo Georgian home offers spacious living and modern conveniences. The main floor features a large family room with ample storage and a convenient pass-through window to the kitchen. Two of the three bedrooms are generously sized, accommodating daily living needs effortlessly. The dining room and living room are designed in an open concept, allowing flexibility for any size dining table. Recent updates within the last 10 years include a comprehensive remodel of the kitchen and main floor bathroom, upgraded electrical system, and installation of new windows throughout - featuring Pella windows with built-in shades in the family room. Additionally, a new front door, storm door, and updated lighting fixtures enhance both functionality and aesthetics. Within the last 5 years, the property has seen further improvements with addition of a new fence, a modern hot water tank, a front load washing machine, and plush upstairs carpeting. The kitchen is a standout feature, boasting granite countertops, custom banquette seating, and a suite of stainless steel appliances including two Bosch dishwashers, two GE Monogram Advantium convection-speedcook-microwave ovens, a double oven range with two equally large ovens, and a spacious four-door French door refrigerator. This home offers ample space and is well-equipped, making it perfect for both living and entertaining.

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$38,646

Expenses

-$6,879

Property Taxes

-$11,450

Loan Payments

-$34,576

Net Cash Flow

-$14,259

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Mitchell Aronson
@properties Christie's International Real Estate
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceMidwest Real Estate Data LLC (MRED/MAP/MLSNI)
MLS #12119445
Last Updated: 07/24/2024 13:07
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