E
Seller's Agent in 2020
Eric Ofman
Kiser Group Realty Inc
1101 N Damen Ave Chicago, IL 60622
East Village Neighborhood
11
Beds
7
Baths
9,438
Sq Ft
1896
Built
Highlights
- Solar Heating System
- A.N. Pritzker School Rated A-
- Forced Air Heating System
About This Home
As of February 2020Incredible investment opportunity to acquire a renovated 5-unit brick building in A+ Wicker Park/Ukrainian Village location one block from Division Street restaurants, shops, and nightlife. First two stories include 4 rehabbed units with lofted ceilings and open floor plans. MASSIVE penthouse unit (3500 SF) is 4-bedroom/ 3.5-bath duplex with luxury finishes throughout, walk-in closets, private rooftop deck and additional power from solar panels! Every unit has central heating and A/C, separate water tank, washer/dryer, hardwood floors, and stainless steel appliances. Current monthly rental income is $14,200. Solid cash flow as standard multifamily investment, with tremendous upside for owner-occupant or Airbnb operator.
Last Agent to Sell the Property
Eric Ofman
Kiser Group Realty Inc License #475172869 Listed on: 12/04/2019
Last Buyer's Agent
Eric Ofman
Kiser Group Realty Inc License #475172869 Listed on: 12/04/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $27,903
Year Built
- Built in 1896
Bedrooms and Bathrooms
- 11 Bedrooms
- 7 Bathrooms
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Additional Features
- 4-Story Property
- Solar Heating System
- Lot Dimensions are 25 x 125
Listing and Financial Details
- Tenant pays for air conditioning, electricity, heat
Community Details
Overview
- 5 Units
Building Details
- Electric Expense $673
- Insurance Expense $6,200
- Maintenance Expense $4,065
- Other Expense $3,159
- Trash Expense $1,543
- Water Sewer Expense $1,912
- Operating Expense $52,000
- Gross Income $174,600
- Net Operating Income $122,600
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/27/2020 05/27/20 | Off Market | $2,100,000 | -- | -- |
| 02/27/2020 02/27/20 | Sold | $2,100,000 | -2.3% | $223 / Sq Ft |
| 12/28/2019 12/28/19 | For Sale | $2,150,000 | 0.0% | $228 / Sq Ft |
| 12/27/2019 12/27/19 | Pending | -- | -- | -- |
| 12/16/2019 12/16/19 | Pending | -- | -- | -- |
| 11/14/2019 11/14/19 | For Sale | $2,150,000 | -- | $228 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10586170
APN: 17064000510000
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