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    3522 W Grenshaw St Chicago, IL 60624

    For Sale
    $1,145,000

    Nine-unit building in Homan Square with strong rental upside.

    Lot size:
    0.13 Acres

    Property Features for 3522 W Grenshaw St

    General Information

    Standard status
    Active
    Lot size
    0.13 Acres

    Building Details

    Year built
    1915

    Source: REAL REALTY INC Agent ALEN REDZIC

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Homan Square Multifamily Investment Opportunity

    This nine-unit walk-up building is located in the Homan Square neighborhood of North Lawndale. The property features a unit mix of six two-bedroom, one-bathroom units (900 square feet), one three-bedroom, one-bathroom unit, and two four-bedroom, one-bathroom units (1300 square feet). The building is well-maintained and cash-flowing, with stable tenants. There is potential for rental upside in units that have not recently turned over. Tenants are responsible for gas and electric utilities, while the landlord covers water and trash expenses. This property presents an opportunity for investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7140258
    Latitude
    41.8675396

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    FAQs

    What type of property is this?
    Apartment building - Nine-unit building in Homan Square with strong rental upside.
    Where is this apartment building located?
    The property is located at 3522 W Grenshaw St Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,145,000.
    What are key features of this property?
    This property features: - Well-maintained, cash-flowing 9-unit building.; - Desirable unit mix: SIX 2-bed/1-bath, ONE 3-bed/1-bath, and TWO 4-bed/1-bath apartments.; - Located in the heart of Homan Square in North Lawndale.
    (773) 869-0500
    Request Owner's contact information
    3522 W Grenshaw St Chicago, IL 60624
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    Chicago, IL 60624
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3522 W Grenshaw St Chicago, IL 60624
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