Seller's Agent in 2020
Jonathan Gil
Equity Realty
(773) 469-1677
10 in this area
37 Total Sales
1114 S Albany Ave Chicago, IL 60612
Garfield Park Neighborhood
3
Beds
2
Baths
3,693
Sq Ft
2005
Built
About This Home
As of October 2020***Motivated Seller*** Rare value-add opportunity to own a 2005 new construction building in Chicago's Hot East Garfield Park neighborhood. May be sold as part of a package ($1,125,000 / $375K/Building), or individually. Existing rents drastically below market and haven't been increased since 2006. Addresses Include: 3018 W Lexington St, 2949 W Arthington St, 1114 S Albany Ave, Chicago, IL 60612 Perfect for an owner occupant, or an investor. Both can take advantage of less deferred maintenance than older buildings. Condo quality construction that features 1,300 SF units: 3 bedroom/ 2 bathroom / 2 car parking. Each unit boasts hardwood flooring, fridge, stove, laundry W/D hookup, master bathroom with balcony, central AC. Buildings located just minutes from public transportation & Kedzie-Homan Blue Line Train Station (0.7 miles), & Interstate I-290. Nearby amenities include the United Center ( Home of the Chicago Bulls & Blackhawks ), University of Illinois and Illinois Medical District (IMD). The Illinois Medical District (IMD) is one of the largest urban medical districts in the U.S. and is strategically located west of Chicago's downtown core, "The Loop." This special-use zoning district consists of 560 acres of medical research facilities, laboratories, a biotech business incubator, raw development land, universities, and more than 40 healthcare-related facilities. SCB was commissioned by the Illinois Medical District leadership to develop a new master plan to guide the district development and support economic growth.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,542
Year Built
- Built in 2005
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- 2 Bathrooms
Parking
- 3 Parking Spaces
- Uncovered Parking
- Parking Included in Price
- Assigned Parking
Lot Details
- Lot Dimensions are 25 x 125
- Fenced Yard
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
Overview
- 3 Units
Building Details
- Insurance Expense $1,500
- Maintenance Expense $1,200
- Water Sewer Expense $2,400
- Gross Income $40,800
- Net Operating Income $35,700
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
Aug 3, 2020
Closed on
Oct 22, 2020
Sold by
Bought by
Seller's Agent
Jonathan Gil
Equity Realty
Buyer's Agent
Larrell Lee
Hoff, Realtors
List Price
$374,900
Sold Price
$370,000
Premium/Discount to List
-$4,900
-1.31%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,510
Interest Rate
0.0287%
Mortgage Type
VA
Purchase Details
Closed on
Jan 11, 2007
Sold by
Bought by
Purchase Details
Closed on
Mar 17, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,400
Interest Rate
0.055%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 20, 2003
Sold by
Bought by
Purchase Details
Closed on
Aug 12, 2002
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $370,000 | Stewart Title | ||
| -- | Chicago Title Insurance Co | ||
| $48,000 | -- | ||
| $33,000 | Chicago Title Insurance Comp | ||
| -- | -- |
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 | $378,510 | ||
| Previous Owner | $38,400 |
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 |
|---|---|---|---|---|
| 10/23/2020 10/23/20 | Sold | $370,000 | -1.3% | $100 / Sq Ft |
| 10/05/2020 10/05/20 | For Sale | $374,900 | +1.3% | $102 / Sq Ft |
| 09/30/2020 09/30/20 | Off Market | $370,000 | -- | -- |
| 09/01/2020 09/01/20 | Pending | -- | -- | -- |
| 08/24/2020 08/24/20 | Pending | -- | -- | -- |
| 08/03/2020 08/03/20 | For Sale | $374,900 | -- | $102 / Sq Ft |
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 | $7,410 | $35,000 | $4,531 | $30,469 |
| 2024 | $7,410 | $35,000 | $4,531 | $30,469 |
| 2023 | $7,223 | $35,000 | $3,672 | $31,328 |
| 2022 | $7,223 | $35,000 | $3,672 | $31,328 |
| 2021 | $7,061 | $34,999 | $3,671 | $31,328 |
| 2020 | $3,947 | $17,659 | $3,671 | $13,988 |
| 2019 | $4,045 | $20,068 | $3,671 | $16,397 |
| 2018 | $3,977 | $20,068 | $3,671 | $16,397 |
| 2017 | $3,932 | $18,201 | $3,281 | $14,920 |
| 2016 | $4,156 | $20,749 | $3,281 | $17,468 |
| 2015 | $4,253 | $23,211 | $3,281 | $19,930 |
| 2014 | $3,396 | $18,303 | $3,125 | $15,178 |
| 2013 | $3,329 | $18,303 | $3,125 | $15,178 |
Source: Public Records
Agents Affiliated with this Home
-
Jonathan Gil
-
Alexander Stoyanov
Seller Co-Listing Agent in 2020
Alexander Stoyanov
Goldbay Advisors Inc.
(312) 945-8844
8 Total Sales
-
Larrell Lee
L
Buyer's Agent in 2020
Larrell Lee
Hoff, Realtors
(708) 403-4444
24 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10804886
APN: 16133250240000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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