3324 W 114TH ST

CHICAGO, IL 60655
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3 bd, 2 ba | 1,494 sqft | Built in 1903

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List Price
$314,873

Initial Investment

$85,803

Purchase Price

$314,873

Down Payment

25%

Rent

$2,370

Total Return

$52,223

Annualized Return

9.9%

Cap Rate

5.5%

Gross Yield

9.0%

Cash Flow

-$868

Appreciation

3.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

4,416

HOA

None

Flood Risk

Not Required

A modern interior wrapped in a classic, well-loved Vintage Chicago-style exterior makes this completely remodeled 2-story home a rare treasure with eye-opening curb appeal. Step inside to discover a beautifully reimagined and thoughtfully designed space. The graciously inviting living room, featuring hardwood flooring, flows seamlessly into the dining area and continues into the modern, efficiently designed kitchen with white cabinets, quartz countertops, and stainless steel appliances. The main level includes two bedrooms with hardwood floors and a stylishly remodeled bathroom boasting a double-sink vanity, quality ceramic tiles, and a sleek glass shower/tub door. Upstairs, you'll find a spacious private master suite with an all-new, well-appointed bathroom behind a chic barn door, a cozy loft/sitting area, and new plush carpeting throughout. The finished basement offers additional storage or extra living space. Step outside to a large backyard enclosed by a new privacy fence. Other updates include all-new trim and doors, many new or newer windows, new siding, a new roof, an approximately 8-year-old furnace, new plumbing, updated electrical, and a brand-new central air condenser. This fantastic home is located in the highly sought-after Mt. Greenwood neighborhood, just a hop, skip, and jump from Cassell Elementary (situated right behind the lot), a nearby park, and minutes from shopping, restaurants, and Bourbon Street. Easy to see and buy, so schedule your viewing before this "like-new" home is gone!

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

Annual Financial Highlights

Expected Rent

$27,018

Expenses

-$4,818

Property Taxes

-$5,950

Loan Payments

-$17,118

Net Cash Flow

-$868

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:Thomas Domasik
Agent License 475129362
RE/MAX 10 in the Park
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceMidwest Real Estate Data LLC (MRED/MAP/MLSNI)
MLS #12295445
Last Updated: 02/21/2025 13:02
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