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
Map
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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 |
| Persons per household | 2.9 | 3 | 3 |
| Average household income | $33,602 | $35,456 | $39,242 |
| Per capita income | $11,600 | $11,960 | $12,995 |
| 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 |
| Population hispanic | 9.2% | 19.4% | 28.3% |
| Population non-hispanic | 7,421 | 31,114 | 66,825 |
| Population white | 6.0% | 11.1% | 17.4% |
| Population black | 87.0% | 75.6% | 64.4% |
| Population american indian | 0.1% | 0.0% | 0.1% |
| Population asian | 0.2% | 0.3% | 0.5% |
| Population pacific islander | 0.0% | 0.0% | 0.0% |
| Population other | 5.7% | 11.6% | 16.3% |
| Two or more races | |||
| Male total | |||
| Female total | |||
| Age 0-4 | |||
| Age 5-9 | |||
| Age 10-14 | |||
| Age 15-17 | |||
| Age 18-20 | |||
| Age 21-24 | |||
| Age 25-34 | |||
| Age 35-44 | |||
| Age 45-54 | |||
| Age 55-64 | |||
| Age 65-74 | |||
| Age 75-84 | |||
| Age 85+ | |||
| Total housing units | |||
| Vacant | |||
| Owner occupied | |||
| Renter occupied | |||
| Income less than $15K | |||
| Income $15K-$24,999 | |||
| Income $25K-$34,999 | |||
| Income $35K-$49,999 | |||
| Income $50K-$74,999 | |||
| Income $75K-$99,999 | |||
| Income $100K-$124,999 | |||
| Income $125K-$149,999 | |||
| Income $150K-$199,999 | |||
| Income $200K+ | |||
| Less than 9th grade | |||
| No high school degree | |||
| High school graduate | |||
| Some college | |||
| Associate's degree | |||
| Bachelor's degree | |||
| Master's degree | |||
| Professional degree | |||
| Doctorate degree | |||
| Employed | |||
| Unemployed | |||
| Armed forces | |||
| Not in labor force | |||
| Average travel time | |||
| Less than 15 min | |||
| 15-29 minutes | |||
| 30-44 minutes | |||
| 45-59 minutes | |||
| 60+ minutes | |||
| Single detached | |||
| Single attached | |||
| Two units | |||
| Three or four units | |||
| Five to nine units | |||
| Ten to nineteen units | |||
| Twenty to forty-nine units | |||
| Fifty or more units | |||
| Mobile home | |||
| Boat, RV, van, etc. | |||
| Car/truck/van - drove alone | |||
| Car/truck/van - carpool total | |||
| Public transportation total | |||
| Walked | |||
| Bicycle | |||
| Worked from home | |||
| Other means | |||
| Accommodation & food services | |||
| Admin support & waste management | |||
| Agriculture, forestry, fishing, hunting & mining | |||
| Arts, entertainment & recreation | |||
| Construction | |||
| Educational services | |||
| Finance, insurance & real estate | |||
| Healthcare & social assistance | |||
| Information | |||
| Management of companies | |||
| Manufacturing | |||
| Other services (except public admin) | |||
| Professional, scientific & technical | |||
| Public administration | |||
| Retail trade | |||
| Transportation, warehousing & utilities | |||
| Wholesale trade | |||
| Architecture & engineering | |||
| Arts, design, entertainment, sports & media | |||
| Building & grounds maintenance | |||
| Business & financial operations | |||
| Community & social service | |||
| Computer & mathematical | |||
| Construction & extraction | |||
| Education & library | |||
| Farming, fishing & forestry | |||
| Food preparation & serving | |||
| Healthcare practitioners & technical | |||
| Healthcare support | |||
| Installation, maintenance & repair | |||
| Legal | |||
| Life, physical & social science | |||
| Management | |||
| Office & admin support | |||
| Less than $20K | |||
| $20K-$39,999 | |||
| $40K-$59,999 | |||
| $60K-$79,999 | |||
| $80K-$99,999 | |||
| $100K-$149,999 | |||
| $150K-$199,999 | |||
| $200K-$299,999 | |||
| $300K-$399,999 | |||
| $400K-$499,999 | |||
| $500K-$749,999 | |||
| $750K-$999,999 | |||
| $1M-$1,499,999 | |||
| $1.5M-$1,999,999 | |||
| $2M or more | |||
| Median value | |||
| Average value | |||
| Never married | |||
| Married, spouse present | |||
| Married, spouse absent | |||
| Divorced | |||
| Widowed |