Map of Property

3245 W. 23rd St.

For Sale

3245 W. 23rd St. , Chicago, IL 60623

This Chicago property for sale is located at 3245 W. 23rd St. . The current listed sale price for 3245 W. 23rd St. is $1,650,000. 3245 W. 23rd St. is situated on a lot that is 0.1 acre in size.

Contacts

broker
Paul Tsakiris

First Western Properties

Property Details

  • Property Type Multi-Family
  • Property Size 5,883 SF
  • Units 10
  • Lot Size 0.1 Acre
  • Year Built 1910
  • Date Updated Jan 30, 2025
South of Cermak, West of Kedzie, East of Spaulding and North of 24th St.Welcome to the perfect investment opportunity in the vibrant neighborhood of Little Village! Presenting a 10-unit multifamily building that combines the benefits of a prime location, below market rents, and recently rehabbed units. This property offers tremendous potential for both immediate cash flow and long-term growth. One of the standout features of this multifamily building is its below market rents. With rental rates lower than the prevailing market rates in the area, this property provides a unique advantage. This presents an excellent opportunity for an investor to capitalize on the potential for increased cash flow. By gradually raising the rents to market levels, you can significantly boost your monthly income and enhance the overall profitability of the investment. Located in the vibrant community of Little Village, this building is situated in an area experiencing rapid growth and development. Little Village has become a highly sought-after destination, attracting a diverse and thriving population. The neighborhood offers a rich cultural atmosphere, with an array of local businesses, shops, and restaurants, creating a vibrant and dynamic living experience for residents.
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Highlights

  • Strong Cash Flow
  • Below Market Rents
  • New Rehab
  • Rapidly Appreciating Neighborhood

Getting around

  • 87/100

    Walk Score ®

  • 60/100

    Transit Score ®

  • 72/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chicago, IL
  • Neighborhood Little Village
  • Zip Code 60623
  • Market Chicago

Points of Interest

  • Kedzie

    0.31 miles

  • Central Park

    0.51 miles

  • Kostner

    1.38 miles

  • Ashland

    2.27 miles

  • Cicero

    2.55 miles

  • 54th/Cermak

    2.56 miles

  • Uber Tent

    2.88 miles

  • Halsted

    3.04 miles

  • Halsted Street

    3.16 miles

  • UIC-Halsted (Morgan Street)

    3.36 miles

  • Exxon

    0.17 miles

  • Shell

    0.38 miles

  • Mobil

    0.65 miles

  • Power Gas Station

    0.88 miles

  • Marathon

    1.19 miles

  • GoLo

    1.29 miles

  • BP

    1.32 miles

  • Citgo

    1.41 miles

  • EVgo

    2.29 miles

  • Electrify America

    3.25 miles

  • Visitor Parking

    0.67 miles

  • Visitor Paerking

    0.97 miles

  • Lot W5

    1.91 miles

  • 35th/Archer Park & Ride

    1.97 miles

  • Lot A4

    2.09 miles

  • Lot C4

    2.12 miles

  • Lot A3

    2.14 miles

  • Lot B4

    2.15 miles

  • Karavan Motel

    2.03 miles

  • Shamrock Motel

    2.24 miles

  • Cindy Lyn Motel

    2.29 miles

  • Hyatt Place Chicago - Medical / University District

    2.41 miles

  • Hyatt House Chicago - Medical / University District

    2.46 miles

  • Courtyard by Marriott Chicago at Medical District / UIC

    2.69 miles

  • Hotel Chicago West Loop

    2.81 miles

  • Benedictine Bed and Breakfast

    2.89 miles

  • The Polo Inn

    3.08 miles

  • Carlton Inn Midway

    3.26 miles

  • Cermak Fresh Market

    0.41 miles

  • Ross

    0.47 miles

  • Little Village Discount Mall

    0.49 miles

  • Supermercado La Chiquita

    0.55 miles

  • ALDI

    0.80 miles

  • Pete's Market

    0.94 miles

  • Fairplay Foods

    1.05 miles

  • Workshop Apothecary

    1.15 miles

  • Freshway Market

    1.24 miles

  • Supermercado El Güero #8

    1.45 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Paul Tsakiris

First Western Properties

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