3600 W Flournoy Street
Chicago, IL 60624

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.