$1,350,000
SOLD APR 29, 2025
-- Bed
-- Bath
-- Sq Ft
1981 Built

Recently Sold

4% Above List Price

2 Days on Market

Highlights

  • Laundry Room
  • Forced Air Heating System
  • 5-minute walk to Bertha Honoré Palmer Park
  • A.N. Pritzker School Rated A-

About This Home

As of April 2025

Welcome to this beautiful, brick masonry, 6 unit building (currently lived in as 5 units) in Prime Wicker Park/West Town location. The building is comprised of 6 total front and rear simplex units. All of the units are 1 bedroom while the front units include a den space that could be used as an office or smaller second bedroom and the rear units have a great dining area and 1 bathroom. Easy convenience, the building is complete with a common laundry room and parking pad for two cars in the rear. The building has been in the family for a very long time and extremely under market rent. This would make for a great investment, or owner occupant that wants to occupy, in its current layout with the entire top floor as an owners suite with in-unit laundry. The basement is used for storage, mechanicals and shared laundry for the building. All units have individual furnaces and water heaters of various ages. The roof is estimated to be from the last ten years, windows have been replaced as needed (most have been done), and masonry is in overall good condition. Each unit has great high ceilings, hardwood floors throughout, and den spaces perfect for a home office, a second bedroom (for the front units), or dining area. There is a new gate in the back that leads to a parking pad for two cars and there is a large backyard space. Building is being sold as is.

Last Agent to Sell the Property

Keith Brand

Berkshire Hathaway HomeServices Chicago License #475171462 Listed on: 03/06/2025

Berkshire Hathaway HomeServices Chicago

Last Buyer's Agent

Mike Kravitz

RE/MAX Premier License #475131606

RE/MAX  Premier

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,825

Year Built

  • Built in 1981

Lot Details

  • Lot Dimensions are 25x125

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 3-Story Property
  • Laundry Room

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $1,000
  • Insurance Expense $3,500
  • Trash Expense $1,500
  • Water Sewer Expense $3,500
  • Operating Expense $30,000
  • Gross Income $10,200
  • Net Operating Income $92,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,825

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1981
  • Built Before 1978 (Y/N): No
  • New Construction Y/N: No
  • Information: No Sign on Property
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Crawl Space
  • Possible Use: Multi-Family
  • Fire Protection: Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • Misc Inside: Laundry Room
  • Fireplaces: 2
  • Drive-In Doors: 0
  • Dishwashers: 3
  • Refrigerators: 5
  • Ranges: 5
  • Number of Windows: 8
  • Number of Washers: 2
  • Room: 3
  • Room: 3
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • List Price: 1299900
  • Roof: Rubber
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: 1-5 Spaces
  • Indoor Parking: 1-5 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Utilities: Water Available
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas,Separate Per Unit
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N

Fee Information

  • Association Fee Includes: None
  • Trash Expense: 1500
  • Water Sewer Expenses: 3500
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X125
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Other
  • Board Number: 8
  • Tenancy Type: Leases

Building Info

  • Building Unit Info: No Units Furnished,Smoke/Alarm Detector

Multi Family

  • Net Operating Income: 92000
  • Insurance Expense: 3500
  • ElectricExpense: 1000
  • GrossIncome: 10200
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 30000
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 19825
  • Tax Year: 2023

Range of Values:

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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 Change Sq Ft Price
04/29/2025 04/29/25 Sold $1,350,000 +3.9% --
03/10/2025 03/10/25 Pending -- -- --
03/07/2025 03/07/25 For Sale $1,299,900 -- --
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: 12297796

Midwest Real Estate Data (MRED)