Backup offers
$3,561 Closing Credit¹
#12255441, James Mattz, Listing office: Keller Williams Preferred Rlty
$289,000 List price
3314 W Carroll Ave Chicago, IL 60624
$3,432
Closing credit¹
6 beds
3 baths
House
Property details
About 3314 W Carroll Ave
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
Highlights
Home typeResidential
HeatingNatural Gas
StatusActive
BasementYes
Year built1903
ParkingOn Site
MLS #12379244
Summary
- Basement: Yes
- Total Bedroom Count: 6
- Parking: On Site
- Heating: Natural Gas
- List Price: $289,000
- Annual Tax Amount: $3,262
- Tax Year: 2022
- Directions: Kedzie to Carroll south to property
- Year Built: 1903
- MLS Number: 12379244
- MLS Name: MRED
- Office Name: eXp Realty, LLC
- Office Phone: (888) 574-9405
- Office Email: il.broker@exprealty.net
- Listing Agent: Sohail Salahuddin
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Get an agent. Get a mortgage. Save big.¹
$289,000
3314 W Carroll Ave
$3,432
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2022 | $15,808 | $3,262 |
| 2020 | $14,698 | $3,285 |
| 2019 | $16,703 | $3,367 |
| 2018 | $5,705 | $1,130 |
| 2017 | $18,752 | $4,050 |
History based on county public records data.
Nearby schools
3
Hope Learning Academy
Public District KG-5
2.1 mi
•1628 W Washington Blvd
4
Nixon Elementary School
Public District PK-6
2.5 mi
•2121 N Keeler Ave
5
Liberty Elementary School
Public District PK-3
2.6 mi
•4946 W 13th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $15,000. The majority of Chicago, IL residents have income less than $<35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
75%
<35k
15%
35k-100k
5%
100k-200k
5%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
65%
Single, No Kids
27%
Single, with Kids
4%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
11%
12-17 yrs old
23%
18-34 yrs old
37%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
H&M
Ross Dress For Less
Where do the neighbors go to eat?
White Castle
Boston Market
Jack In The Box
What do the neighbors drive?
Kia
Honda
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 3314 W Carroll Ave
The listing price of 3314 W Carroll Ave property is $289,000.
The property 3314 W Carroll Ave is a house located in Chicago, Illinois, 60624.
Active Listing: 3314 W Carroll Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 3314 W Carroll Ave are: Hope Learning Academy (GreatSchools Rating 3/10), Nixon Elementary School (GreatSchools Rating 4/10), Liberty Elementary School (GreatSchools Rating 5/10), Beidler Elementary School (GreatSchools Rating 5/10), Morton Elementary Career Academy (GreatSchools Rating 6/10), Polaris Elementary Charter Academy (GreatSchools Rating 4/10), Westinghouse High School (GreatSchools Rating 9/10), Raby High School (GreatSchools Rating 2/10), Marshall Metropolitan High School (GreatSchools Rating 1/10).
According to the records, the last property tax for 2022 is $3,262 (source: MLS/based on county public records data).
The property at 3314 W Carroll Ave has 6 bedrooms and 3 bathrooms.
The year of construction for 3314 W Carroll Ave is 1903.
This home is located at 3314 W Carroll Ave in Chicago, IL and zip code 60624 in the West Side neighborhood. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 30, 2025 and is currently priced at $289,000.
While more than 1048 listings in Chicago, IL in May 2025 were sold above asking price, there were more than 390 listings sold at asking price, and more than 906 were sold below. The inventory of homes for sale in Chicago, IL between April and May 2025 increased by 13.6%. While the average time on the market in May 2025 was 26 days, the median list price was $376,030.
From Rocket Homes Real Estate and based on county public records data.