$735,000
SOLD MAR 3, 2025
9 Beds
4 Baths
-- Sq Ft
0.25 Acres

Recently Sold

3% Below List Price

66 Days on Market

About This Home

As of March 2025

Rarely available 3-unit investment opportunity located within walking distance of University of Illinois. The property is serviced by the UIC intra-campus shuttle and is very walkable. All units are currently occupied with long term tenants at below market rent for the area with zero vacancy. These units will stay rented for years to come as the value continues to appreciate. The property features 3 condo quality units with 3 bed 2 baths in fantastic condition with central air/heat, newer windows, master suite with en suite bathroom, walk-in closet, new porch system, and in-unit washer and dryer. All units including the exterior have been updated in the past 5 years. This is the perfect investment for 1031 or buyer looking at properties with a favorable cap rate. Preapproval and POF are required for showing.

Last Agent to Sell the Property

Brian Waters

Mentor Listing Realty Inc. License #471009298 Listed on: 11/29/2024

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,851

Year Built

  • Built in 1888 | Remodeled in 2016

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 33x80

Home Design

  • Stone Foundation
  • Rubber Roof

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 4 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Partial Basement
  • Deck

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $60,000
  • Net Operating Income $60,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,851

Year Built

Built in 1888 | Remodeled in 2016

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1888
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2016
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2016

Interior Features

  • Basement: Partial
  • Total Bathrooms: 4
  • Total Bedrooms: 9
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave

Exterior Features

  • Foundation Details: Stone
  • Patio And Porch Features: Deck
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick,Concrete,Limestone

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Lot Info

  • Lot Size Acres: 0.25
  • Lot Dimensions: 33X80
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: Y

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 60000
  • GrossIncome: 60000
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat,3 Story Unit/s

Tax Info

  • Tax Annual Amount: 10851
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/03/2025 03/03/25 Sold $735,000 -3.2% --
02/03/2025 02/03/25 Pending -- -- --
01/17/2025 01/17/25 Price Changed $759,000 0.0% --
01/17/2025 01/17/25 For Sale $759,000 -2.7% --
01/06/2025 01/06/25 Pending -- -- --
11/29/2024 11/29/24 For Sale $780,000 +14.7% --
03/08/2022 03/08/22 Sold $680,000 -2.2% -- View Prior Sale
01/17/2022 01/17/22 Pending -- -- --
09/17/2021 09/17/21 For Sale $695,000 +131.7% --
05/27/2015 05/27/15 Sold $299,900 0.0% -- View Prior Sale
04/13/2015 04/13/15 Pending -- -- --
03/11/2015 03/11/15 For Sale $299,900 0.0% --
01/23/2015 01/23/15 Pending -- -- --
12/31/2014 12/31/14 For Sale $299,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12218384

Midwest Real Estate Data (MRED)