NOT LISTED FOR SALE

1025 N Massasoit Ave Chicago, IL 60651

Austin Neighborhood
4 Beds
2 Baths
-- Sq Ft
3,485 Sq Ft Lot

Last Sold July 27, 2018

Last sale price $195,000

11 Days on Market

Highlights

  • American Four Square Architecture
  • Enclosed Patio or Porch
  • Paved or Partially Paved Lot
  • 2 Car Detached Garage

About This Home

As of July 2018

Fantastic investment or owner occupy - two-flat with a full walk out English Basement and the possibility of a third unit. Hardwood floors and trim, most windows updated, and separate heating systems for each unit make this a low-stress building to own and maintain. Excellent existing renters are willing to remain, or can re-locate for owner-occupant.

Last Agent to Sell the Property

Scott McNab

Pennan Properties LLC Listed on: 06/09/2018

Last Buyer's Agent

Melanie Giglio-Vakos

Compass License #475149215

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,263

Year Built

  • Built in 1930 | Remodeled in 2015

Lot Details

  • Lot Dimensions are 30x125
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Parking Included in Price

Home Design

  • American Four Square Architecture
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 2 Units
  • 2 Flat

Amenities

  • Common Area

Building Details

  • Gross Income $19,800
  • Net Operating Income $8,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,263

Year Built

Built in 1930 | Remodeled in 2015

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: American 4-Sq.
  • New Construction: No
  • Year Built: 1930
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2015
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2015

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Other Equipment: Sump Pump
  • Room Type: Enclosed Porch
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • ExteriorFeatures: Storms/Screens
  • Foundation Details: Concrete Perimeter
  • Lot Features: Common Grounds
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Fee Information

  • Other Expenses $: 11800

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 30X125
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 8000
  • GrossIncome: 19800
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 3262.69
  • Tax Year: 2016
  • Tax Exemptions: None

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
07/27/2018 07/27/18 Sold $195,000 +2.6% --
07/09/2018 07/09/18 Price Changed $190,000 +8.6% --
06/20/2018 06/20/18 Pending -- -- --
06/09/2018 06/09/18 For Sale $175,000 +133.3% --
07/16/2013 07/16/13 Sold $75,000 0.0% -- View Prior Sale
06/13/2013 06/13/13 Pending -- -- --
05/16/2013 05/16/13 For Sale $75,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,642 $26,000 $4,500 $21,500
2024 $4,642 $26,000 $4,500 $21,500
2023 $4,525 $22,001 $3,563 $18,438
2022 $4,525 $22,001 $3,563 $18,438
2021 $4,424 $21,999 $3,562 $18,437
2020 $3,298 $14,804 $3,187 $11,617
2019 $3,380 $16,823 $3,187 $13,636
2018 $3,323 $16,823 $3,187 $13,636
2017 $3,507 $16,290 $2,812 $13,478
2016 $3,263 $16,290 $2,812 $13,478
2015 $2,985 $16,290 $2,812 $13,478
2014 $2,722 $14,671 $2,625 $12,046
2013 $2,745 $15,093 $2,625 $12,468
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Scott McNab

    Pennan Properties LLC

  • Sybil Martin

    Seller's Agent in 2013

    Sybil Martin

    Coldwell Banker Realty

    (773) 491-7217

    171 Total Sales

    Sybil Martin
    Section Image
  • Bill Geldes

    Buyer's Agent in 2013

    Bill Geldes

    Baird Warner

    (708) 296-8442

    44 Total Sales

    Bill Geldes
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09980524

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60651 Austin

1025 N Massasoit Ave, Chicago, IL

Not Listed for Sale

MultiFamily

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