NOT LISTED FOR SALE

1025 N Massasoit Ave Chicago, IL 60651

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

Sale Details

Date 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

3,485 Sq Ft Lot

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2018
Closed on
Jul 24, 2018
Sold by
Bought by
Seller's Agent
Scott McNab
Pennan Properties LLC
Buyer's Agent
Melanie Giglio-Vakos
Compass
List Price
$175,000
Sold Price
$195,000
Premium/Discount to List
$20,000
11.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,468
Interest Rate
0.055%
Mortgage Type
FHA

Purchase Details

Listed on
May 16, 2013
Closed on
Jul 15, 2013
Sold by
Bought by
Seller's Agent
Sybil Martin
Coldwell Banker Realty
Buyer's Agent
Bill Geldes
Baird & Warner
List Price
$75,000
Sold Price
$75,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.92%
Original Mortgage
$56,250
Interest Rate
0.0537%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$195,000 Prairie Title Company
$75,000 Multiple
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $191,468
Previous Owner $56,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09980524

Midwest Real Estate Data (MRED)
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