3432-40 W. Franklin Blvd
3432-40 W. Franklin Blvd | Chicago, IL 60624
N/A
Sale Price
Property Details
| Price Summary | N/A |
| Number Of Units | 46 |
| Close Date | 03/2021 |
Property Description
Kiser Group is pleased to exclusively present 3432-40 W. Franklin Blvd for purchase in South
Humboldt Park. This well-maintained courtyard building has forty-six (46) units, consisting of
twenty-three (23) 1Bd/1Ba, twenty-two (22)2Bd/1Ba, and one (1) 3Bd/1Ba unit.
Capital improvements include new electrical (2000 AMPS to building), individual furnaces in each
unit, copper piping throughout the building, and newer aluminum windows.
3432-40 W. Franklin presents an investor with a rare opportunity to acquire a high unit count
property in South Humboldt Park before values soar to the levels seen in West Town and Wicker
Park.
Location Description
3432-40 W. Franklin Blvd is located in the neighborhood of South Humboldt Park on Chicago's West Side. Not too far from the popular bar and restaurant options in Logan Square and Wicker park, Humboldt Park is already seeing the demand from investors and residents seeking a jump start to this up-and-coming neighborhood.
Outdoor recreation is one of the biggest draws of Humboldt Park. The neighborhood is named for its centerpiece: a rambling 207-acre park transacted by trails and softball diamonds, an 800-person Little League field built by the Cubs. It has a huge lagoon and a beautiful Deco boathouse. The tree-filled park is filled with nooks and crannies to catch a nap or read a book. You'll find true food carts and music and, most importantly, families.
Highlights
- New 2000 Amp Electrical Service
- Individual Furnaces and Water Heaters
- Opportunity Zone
- Rarely Available Courtyard Building
- 7.45% In-Place Cap Rate
- Fully Occupied
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| 0.5 Miles | 1 Miles | 1.5 Miles | |
|---|---|---|---|
| Total households | 2,822 | 13,026 | 30,879 |
| Total population | 8,174 | 38,615 | 93,247 |
| Population white | 6.0% | 11.1% | 17.4% |
| Population black | 87.0% | 75.6% | 64.4% |
| Population hispanic | 9.2% | 19.4% | 28.3% |
| Population asian | 0.2% | 0.3% | 0.5% |
| Population pacific islander | 0.0% | 0.0% | 0.0% |
| Population american indian | 0.1% | 0.0% | 0.1% |
| Population other | 5.7% | 11.6% | 16.3% |
| Persons per household | 2.9 | 3 | 3 |
| Average household income | $33,602 | $35,456 | $39,242 |
| Average house value | $258,678 | $282,418 | $287,505 |
| Average age | 29.2 | 28.4 | 28.7 |
| Average age male | 27.3 | 26 | 27.3 |
| Average age female | 31.9 | 31.2 | 30.8 |