3314 W Carroll Ave
Chicago, IL 60624
6 Beds
3 Baths
2,961 Sq Ft
8 Days on Market
For Sale $289,000
Can you afford it. Find out now with a mortgage prequalification from Wells Fargo. It takes just a few minutes and won’t affect your credit score. Get prequalified Equal Housing Lender: NMLS #399801
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Courtesy of eXp Realty, LLC

Listing Agent & Comments

Sohail SalahuddineXp Realty, LLC
847-899-4815sohail@sohailrealestate.com
Imagine the possibilities at 3314 W Carroll Ave, a vacant, all-brick three-unit in Chicago's dynamic 60624. This property isn't just gutted; it's a blank canvas with stamped drawings and approved permits in hand to transform it from a five-bedroom, three-bath layout into a modern six-bedroom, three-bath configuration. Backed by a current zoning certificate and a recent survey, the groundwork for your vision is complete. The current owner has already tackled the heavy lifting: demolition, debris removal, framing, and preliminary plumbing and electrical rough-in (including plumbing risers and the service panel). Adding even more value, approximately $15,000 worth of rough plumbing and electrical materials, such as water heaters, conduit, and copper lines, will be made available to the buyer. Once built out, easily achievable, projected rents of $1,950 per unit translate to $71,000 in potential annual income-equating to a 6.2 GRM and a conservative 7.0 cap rate, with clear upside through finish upgrades and tight expense control. A disciplined 10-year hold at current annual appreciation could grow value to roughly $714,000 by 2035; combined with mortgage amortization, cash flow, and an assumed 6.5 exit cap rate, investors eyeing a 2.5 equity multiple will find this exit scenario compelling. Just minutes from the CTA Green Line, I-290, and West Loop employment centers, this property blends transit access with neighborhood revitalization like the $7 billion 1901 Project. With permits secured, surveys completed, and essential rough-ins in place, 3314 W Carroll Ave is primed for a swift and high-return renovation. Don't miss the chance to capitalize on the exciting renaissance underway on Chicago's west side. Schedule your walkthrough today and experience the potential firsthand! Property is being conveyed AS-IS

MLS# MRD12379244 • Data provided by MRED as distributed by MLS Grid
Additional home details
Living Area2,961 Sq.Ft.
Lot Size3,816 Sq.Ft.
Total Rooms--
Bedrooms6
Bathrooms3
Stories3
Year Built1903
Property TypeMultifamily
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2023
Tax Amount$4,146
Property in Flood Zone--
More Information On This Home
This home's estimated value
$287,556
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties
New
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HouseCanary, Inc. Brokerage

3314 W Carroll Ave., Chicago, IL 60624

Multifamily
6 Beds
3 Baths
2,961 Sq Ft
8 Days on Market

Listing Agent & Comments

Sohail SalahuddineXp Realty, LLC
847-899-4815sohail@sohailrealestate.com
Imagine the possibilities at 3314 W Carroll Ave, a vacant, all-brick three-unit in Chicago's dynamic 60624. This property isn't just gutted; it's a blank canvas with stamped drawings and approved permits in hand to transform it from a five-bedroom, three-bath layout into a modern six-bedroom, three-bath configuration. Backed by a current zoning certificate and a recent survey, the groundwork for your vision is complete. The current owner has already tackled the heavy lifting: demolition, debris removal, framing, and preliminary plumbing and electrical rough-in (including plumbing risers and the service panel). Adding even more value, approximately $15,000 worth of rough plumbing and electrical materials, such as water heaters, conduit, and copper lines, will be made available to the buyer. Once built out, easily achievable, projected rents of $1,950 per unit translate to $71,000 in potential annual income-equating to a 6.2 GRM and a conservative 7.0 cap rate, with clear upside through finish upgrades and tight expense control. A disciplined 10-year hold at current annual appreciation could grow value to roughly $714,000 by 2035; combined with mortgage amortization, cash flow, and an assumed 6.5 exit cap rate, investors eyeing a 2.5 equity multiple will find this exit scenario compelling. Just minutes from the CTA Green Line, I-290, and West Loop employment centers, this property blends transit access with neighborhood revitalization like the $7 billion 1901 Project. With permits secured, surveys completed, and essential rough-ins in place, 3314 W Carroll Ave is primed for a swift and high-return renovation. Don't miss the chance to capitalize on the exciting renaissance underway on Chicago's west side. Schedule your walkthrough today and experience the potential firsthand! Property is being conveyed AS-IS

MLS# MRD12379244 • Data provided by MRED as distributed by MLS Grid
Additional home details
Living Area2,961 Sq.Ft.
Lot Size3,816 Sq.Ft.
Total Rooms--
Bedrooms6
Bathrooms3
Stories3
Year Built1903
Property TypeMultifamily
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2023
Tax Amount$4,146
Property in Flood Zone--
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard
house
For Sale $289,000
Can you afford it. Find out now with a mortgage prequalification from Wells Fargo. It takes just a few minutes and won’t affect your credit score. Get prequalified Equal Housing Lender: NMLS #399801
Save
Courtesy of eXp Realty, LLC
3314 W Carroll Ave
Chicago, IL 60624
6 Beds
3 Baths
2,961 Sq Ft
8 Days on Market

Listing Agent & Comments

Sohail SalahuddineXp Realty, LLC
847-899-4815sohail@sohailrealestate.com
Imagine the possibilities at 3314 W Carroll Ave, a vacant, all-brick three-unit in Chicago's dynamic 60624. This property isn't just gutted; it's a blank canvas with stamped drawings and approved permits in hand to transform it from a five-bedroom, three-bath layout into a modern six-bedroom, three-bath configuration. Backed by a current zoning certificate and a recent survey, the groundwork for your vision is complete. The current owner has already tackled the heavy lifting: demolition, debris removal, framing, and preliminary plumbing and electrical rough-in (including plumbing risers and the service panel). Adding even more value, approximately $15,000 worth of rough plumbing and electrical materials, such as water heaters, conduit, and copper lines, will be made available to the buyer. Once built out, easily achievable, projected rents of $1,950 per unit translate to $71,000 in potential annual income-equating to a 6.2 GRM and a conservative 7.0 cap rate, with clear upside through finish upgrades and tight expense control. A disciplined 10-year hold at current annual appreciation could grow value to roughly $714,000 by 2035; combined with mortgage amortization, cash flow, and an assumed 6.5 exit cap rate, investors eyeing a 2.5 equity multiple will find this exit scenario compelling. Just minutes from the CTA Green Line, I-290, and West Loop employment centers, this property blends transit access with neighborhood revitalization like the $7 billion 1901 Project. With permits secured, surveys completed, and essential rough-ins in place, 3314 W Carroll Ave is primed for a swift and high-return renovation. Don't miss the chance to capitalize on the exciting renaissance underway on Chicago's west side. Schedule your walkthrough today and experience the potential firsthand! Property is being conveyed AS-IS

MLS# MRD12379244 • Data provided by MRED as distributed by MLS Grid
Additional home details
Living Area2,961 Sq.Ft.
Lot Size3,816 Sq.Ft.
Total Rooms--
Bedrooms6
Bathrooms3
Stories3
Year Built1903
Property TypeMultifamily
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2023
Tax Amount$4,146
Property in Flood Zone--
More Information On This Home
This home's estimated value
$287,556
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $289,000
Can you afford it. Find out now with a mortgage prequalification from Wells Fargo. It takes just a few minutes and won’t affect your credit score. Get prequalified Equal Housing Lender: NMLS #399801
Save
Courtesy of eXp Realty, LLC