NOT LISTED FOR SALE

Estimated Value: $327,806 - $473,000

6 Beds
3 Baths
2,000 Sq Ft
$199/Sq Ft Est. Value

Last Sold November 14, 2018

Last sale price $230,000 $115 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $2,437/month

206 Days on Market

Highlights

  • Cape Cod Architecture
  • Recreation Room
  • Porch
  • Casals Elementary School Rated 9+
  • Detached Garage
  • 1-minute walk to Grand Park

About This Home

As of November 2018

Attention INVESTORS!!!: Cap rate=10.43%. Take your money out of the stock or crypto market before both crash and put it in a solid, income producing investment for years to come. The $2,000 monthly rent is paid almost entirely by the Chicago Housing Authority (CHA) and the lease goes until 03/31/2020. Much better than that money market account that pays you 0.00001%. Property has been inspected several times by the CHA and their quality control department. All type of repairs have been made to this 6 bedrooms- 2.5 bathrooms huge home with 3 stories of living space. New roof, new furnace, boiler room, new carpet, paint, etc. Check the map for location just 5 blocks west from Kedzie and the park where there are several new construction homes. Enjoy the cash flow for a few years, then cash out selling it for top dollar few years from now. 4 lines of buses take you anywhere: Grand, Chicago, Division and Homan/Kimball lines. Pictures with metal in windows were taken before tenant moved in.

Last Agent to Sell the Property

German Llanos

24 Hour Real Estate LLC License #471001789 Listed on: 02/03/2018

Last Buyer's Agent

Chanena Tapia

Tapia Realty, Inc. License #471017118

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,809

Year Built | Renovated

  • 1912 | 2016

Lot Details

  • 3,746

Parking

  • Detached Garage
  • Garage Door Opener
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction

Interior Spaces

  • In-Law or Guest Suite
  • Recreation Room

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Lake Michigan Water

Additional Features

  • Porch
  • Property is near a bus stop

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,809

Year Built | Renovated

1912 | 2016

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Recent Rehab: Yes
  • Age: 100+ Years
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Ownership: Fee Simple
  • Rehab Year: 2016
  • Total Full or Half Bathrooms: 2.1
  • Style Of House: Cape Cod
  • Type Detached: 1.5 Story
  • Estimated Year Built: 1912
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1912
  • Year Renovated: 2016

Interior Features

  • Interior Property Features: In-Law Arrangement
  • Number Of Rooms: 10
  • Living Room: Dimensions: 14X10, On Level: Main Level, Flooring: Carpet
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator
  • Basement: Full
  • Basement: Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 6
  • Below Grade Bedrooms: 2
  • Above Grade Bedrooms: 4
  • Dining Room: Dimensions: COMBO, On Level: Main Level, Flooring: Carpet
  • Kitchen Type: Dimensions: 10X10, On Level: Main Level, Flooring: Ceramic Tile
  • Additional Rooms: Recreation Room, 5th Bedroom, 6th Bedroom
  • Master Bedroom: Dimensions: 14X10, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 1 Name: Recreation Rm, Dimensions: 14X10, On Level: Basement
  • Additional Room 2 Name: 5th Bdrm, Dimensions: 10X12, On Level: Basement
  • Bedroom 2: Dimensions: 10X10, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 3 Name: 6th Bdrm, Dimensions: 10X12, On Level: Basement
  • Bedroom 3: Dimensions: 14X7, On Level: 2nd Level, Flooring: Carpet
  • Bedroom 4: Dimensions: 10X15, On Level: Main Level, Flooring: Carpet
  • Estimated Sq Ft: 2000

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Brick
  • Exterior Property Features: Porch

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage Details: Garage Door Opener(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Schools

  • School District: 299
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: 30X125
  • Parcel Identification Number: 16024050030000

Tax Info

  • Taxes: 2505

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2018
Closed on
Nov 14, 2018
Sold by
Llanos German and Biedziuk Elzbieta E
Bought by
Ortiz Sherri Joann
Seller's Agent
German Llanos
24 Hour Real Estate LLC
Buyer's Agent
Chanena Tapia
Tapia Realty, Inc.
List Price
$230,000
Sold Price
$230,000
Current Estimated Value
$397,952

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,952
Avg. Annual Appreciation
8.23%
Original Mortgage
$184,000
Interest Rate
7.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 11, 2010
Sold by
Biedziuk Elzbieta
Bought by
Llanos German and Biedziuk Elzbieta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,750
Interest Rate
4.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 2009
Sold by
Wells Fargo Bank National Association
Bought by
Biedziuk Elzbieta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,200
Interest Rate
4.94%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 4, 2009
Sold by
Garcia Haydee
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Aug 16, 2005
Sold by
Ford Henri and Ford Henry C
Bought by
Garcia Haydee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
8.8%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 29, 1997
Sold by
Banks Theodore R and Banks Dorothy L
Bought by
Ford Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,681
Interest Rate
8.05%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Ortiz Sherri Joann $230,000 Old Republic Title
Llanos German -- None Available
Biedziuk Elzbieta $55,500 Multiple
Wells Fargo Bank Na -- None Available
Garcia Haydee $200,000 Ticor
Ford Elizabeth $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ortiz Sherri Joann $184,000
Closed Ortiz Sherri Joann $184,000
Previous Owner Biedziuk Elzbieta $108,000
Previous Owner Biedziuk Elzbieta $81,750
Previous Owner Biedziuk Elzbieta $44,200
Previous Owner Garcia Haydee $228,000
Previous Owner Garcia Haydee $190,000
Previous Owner Ford Elizabeth $53,681
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2018 11/14/18 Sold $230,000 0.0% $115 / Sq Ft
11/06/2018 11/06/18 Off Market $230,000 -- --
08/28/2018 08/28/18 Pending -- -- --
02/03/2018 02/03/18 For Sale $230,000 -- $115 / Sq Ft
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
2024 $3,809 $22,001 $6,938 $15,063
2023 $3,702 $18,000 $5,625 $12,375
2022 $3,702 $18,000 $5,625 $12,375
2021 $3,620 $18,000 $5,625 $12,375
2020 $2,867 $12,871 $4,406 $8,465
2019 $2,873 $14,302 $4,406 $9,896
2018 $2,825 $14,302 $4,406 $9,896
2017 $2,692 $12,506 $3,937 $8,569
2016 $2,505 $12,506 $3,937 $8,569
2015 $2,292 $12,506 $3,937 $8,569
2014 $1,586 $8,547 $3,750 $4,797
2013 $1,861 $10,234 $3,750 $6,484
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09848306

Midwest Real Estate Data (MRED)

APN: 16-02-405-003-0000