NOT LISTED FOR SALE

10656 S Michigan Ave Unit 1ST Chicago, IL 60628

Roseland Neighborhood
14 Beds
18 Baths
-- Sq Ft
1924 Built

Last Sold January 30, 2015

Last sale price $700,000

109 Days on Market

About This Home

As of January 2015

18-unit $6k/mo Cash Flow, 10% CAP, Secure/solid brick, Class B, 12 yr Owner pride; Stable, Long term tenants (44 mo. avg. tenure), 94% Historic Occ, Renovated/well-mntnd; TENANTS PAY HEAT/GAS/ELEC; Max Exposure: 22.3k cars per day!, @CTA bus stop; Great Mix: 4 Renov Retail, 14 new apts. (2-2br, 10-1br, 2 dlx stu.); Zero deferred maint: 2008 roof, doors, windows, water heater; New kitchens/baths, Oak HW/ceramic Flr

Last Agent to Sell the Property

Jim Pappas

James Pappas License #471015410 Listed on: 09/01/2014

Last Buyer's Agent

Jim Pappas

James Pappas License #471015410 Listed on: 09/01/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • 1924

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Utilities

  • Window Unit Cooling System

Additional Features

  • Finished Basement

Community Details

  • Fuel Expense $2,808
  • Insurance Expense $4,402

Listing and Financial Details

  • Tenant pays for electric, heat
  • $14,850 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1924

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Limited Liability Corp
  • Potential Use: Commercial, Condominium, Office and Research, Residential-Multi-Family, Retail, Special Use
  • Utilities To Site: Sanitary Sewer to Site, Water-Municipal
  • Zoning Type: RTAIL
  • Estimated Age: Older
  • Net Operating Income Year: 2013
  • Net Oper Income: 77662
  • Outdoor Parking: Common Parking, Open
  • Repairs Decor Expense: 21649
  • Roof Coverings: Membrane, Reflective Coating
  • Roof Structure: Pitched, Wood Joists
  • Scavenger Expense: 1339
  • Total Annual Exp: 36844
  • Total Annual Income: 124577
  • Total Monthly Income: 10381
  • Number of Ranges: 14
  • Number Of Refrigs: 14
  • Number Of Stories: 3
  • Estimated Year Built: 1924
  • Type Multi Family: Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1924

Interior Features

  • Basement: Finished

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick, Concrete, Stone
  • Frontage Access: City Street, Frontage Road, Public Road, Signal Intersection

Utilities

  • Air Conditioner: Window Unit/s
  • Fire Protection: Fire Extinguisher/s, Smoke or Fire Protectors
  • Heatventilation: Forced Air, Gas
  • Water Expense: 1863

Condo/Co-op/Association

  • Units in Building: 18

Fee Information

  • Electricity Expense: 1482
  • Electrical Service: Circuit Breakers, Separate Meters, 201-600 Amps
  • Janitor Expense: 920

Lot Info

  • Lot Dimensions: 55FT X 110FT
  • Lot Sq Ft: 6023
  • Land Amenities: Curbs and Gutters, Lighting/Exterior, Security Entrance, Sidewalks, Cable Ready
  • Parcel Identification Number: 25151190700000

Rental Info

  • Gross Rental Income: 124577
  • Tenant Pays: Electric, Heat

Multi Family

  • Expense Year: 2013
  • Fuel Expense: 2808
  • Insurance Expense: 4402
  • Other Expenses: 2381

Tax Info

  • Taxes: 10072

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
01/30/2015 01/30/15 Sold $700,000 -21.4% --
12/19/2014 12/19/14 Pending -- -- --
09/01/2014 09/01/14 For Sale $891,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08715745

Midwest Real Estate Data (MRED)