3822 Huron St, Chicago, IL 60624

This exceptional three-unit multifamily property, newly constructed in 2024, presents a compelling investment opportunity in Chicago's desirable Humboldt Park neighborhood. Boasting a total of 3,600 square feet, the property sits on a substantial 44.125-acre lot and features three spacious units, each offering approximately 1,000 square feet of living space. Each unit includes two bedrooms and two bathrooms, showcasing modern kitchens with quartz countertops and stainless steel appliances. High-efficiency LED lighting, in-unit laundry, and custom bathrooms enhance the appeal. The open floor plans, wood flooring throughout, and private rear balconies add to the luxurious feel. One parking space is provided per unit. Currently vacant, this turnkey investment property offers a projected pro-forma NOI of $56,400 and a pro-forma cap rate of 8.36%, with an asking price of $675,000 ($225,000 per unit and $187.50 per square foot). The property benefits from a one-year builder warranty. The seller can provide additional management services for out-of-town investors. This property is ideally suited for owner-users or investors seeking a high-return asset in a rapidly appreciating market. The building's Class A construction and prime location in Humboldt Park, known for its strong investor demand and rising rental prices, ensure a secure and profitable investment.