3600 W. Flournoy is a nine (9) unit walk-up located in Chicago's Homan Square neighborhood. The property is located just one (1) block from the I-290 Express and just two (2) blocks from Chicago's Blue Line "El" train station at Kedzie-Homan, which both provide tenants a quick and easy commute to Chicago's downtown (roughly 10 minutes.) 3600 W. Flournoy is comprised of six (6) 3bd/1ba units and three (3) 2bd/1ba units, all of which are incredibly spacious boasting over 1,000 square feet of living space. All of the units have been gut-renovated and equipped with updated kitchens and baths. Recent capital improvements to the building consist of, but not limited to: a new 1200 amp electric service with in unit breaker boxes, in-unit and separate furnaces and hot water tanks, new windows, updated copper plumbing, and new porch. 3600 W. Flournoy provides an investor with a unique opportunity to acquire a stabilized and strong cash flowing asset in Chicago's desirable pocket of Homan Square. From day one, a new owner will capitalize on an incredibly strong, subsidized tenant base, and will realize an in place cap rate of 8.04% and a cash-on-cash return of nearly 12%. Additionally, an assumable loan is available with a 4.375% interest rate, 1/1/2026 maturity date, $551,863 principal balance.

Based on information submitted to MRED as of September 26, 2023 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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