NOT LISTED FOR SALE

Estimated Value: $198,055 - $224,000

5 Beds
2 Baths
1,855 Sq Ft
$116/Sq Ft Est. Value

Last Sold November 14, 2022

Last sale price $185,000 $100 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,709/month

17 Days on Market

Highlights

  • Bungalow
  • Paved or Partially Paved Lot
  • 4-minute walk to Citizens Park

About This Home

As of November 2022

Live in one and let the tenant pay your mortgage. Freshly upgraded unit with new windows and flooring Plus all the heavy lifting has been done including roof ('14), plumbing, electrical, attic insulation, newer radiators & overhauled boiler (all in '12). Located on a lovely tree lined street, this solid block 2-flat is perfect for an owner occupant or investor. While currently vacant; as of '17-'18 this 2-Flat was bringing in $2135 per month in rental income!! 1st floor is nearly 1300 sq ft featuring 3 beds/1 bath (HW under carpet). The 2nd floor offers 2 HUGE beds/ 1 bath. Full unfinished basement w/ laundry hook-ups & so many possibilities. HUGE 66' lot w/ parking for 4 cars. 1 block from the Metra straight to Chicago, a block-and-a-half from beachfront access to Lake Michigan, 2 blocks from Great Lakes Naval Base, 1 block from Abbott Labs & Sheridan Rd. Agent related to seller

Last Listed By

Elizabeth Lita

Vylla Home License #475105082 Listed on: 09/27/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,848

Year Built

  • Built in 1927 | Remodeled in 2022

Lot Details

  • Lot Dimensions are 66x150
  • Paved or Partially Paved Lot

Home Design

  • Bungalow
  • Asphalt Roof
  • Block Exterior
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Alley Access
  • Uncovered Parking
  • Parking Included in Price

Utilities

  • Radiator
  • Lake Michigan Water

Community Details

  • 2 Units
  • Gross Income $25,620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,848

Year Built

Built in 1927 | Remodeled in 2022

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Bungalow
  • New Construction: No
  • Year Built: 1927
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2022
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2022

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • MRD_AppliancesAndFeatures: Stove

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 189000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Block

Garage/Parking

  • Parking Features: Alley Access
  • ParkingTotal: 4
  • Number of Cars: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Radiator(s)
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Schools

  • Middle/Junior School District: 187

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 66X150
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • GrossIncome: 25620
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 4848.38
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2022
Closed on
Nov 14, 2022
Sold by
Lita Brian
Bought by
Velez Candido Kenny
Seller's Agent
Elizabeth Lita
Vylla Home
Buyer's Agent
Alejandro Diaz
GLD Realty, Inc.
List Price
$189,000
Sold Price
$185,000
Premium/Discount to List
-$4,000
-2.12%
Total Days on Market
17
Views
93
Current Estimated Value
$215,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,264
Avg. Annual Appreciation
7.94%
Original Mortgage
$170,354
Outstanding Balance
$164,880
Interest Rate
6%
Mortgage Type
FHA
Estimated Equity
$59,768

Purchase Details

Listed on
May 7, 2019
Closed on
Jul 8, 2019
Sold by
Arora Ankur and Arora Alyxandra
Bought by
Lita Brian
Seller's Agent
Ashley Dirks
Fathom Realty IL LLC
Buyer's Agent
Elizabeth Lita
Vylla Home
List Price
$125,000
Sold Price
$112,500
Premium/Discount to List
-$12,500
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.11%
Original Mortgage
$84,750
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 13, 2015
Sold by
Smith Lisa
Bought by
Arora Ankur and Arora Alyxandra

Purchase Details

Closed on
Jun 21, 2012
Sold by
Grampovnik John and Grampovnik Robert
Bought by
Smith Lisa

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
Velez Candido Kenny $185,000 --
Lita Brian $112,500 Attorneys Ttl Guaranty Fund
Arora Ankur -- Attorney
Smith Lisa $26,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Velez Candido Kenny $170,354
Previous Owner Lita Brian $84,750
Closed Velez Candido Kenny $6,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2022 11/14/22 Sold $185,000 -2.1% $100 / Sq Ft
10/15/2022 10/15/22 Pending -- -- --
09/27/2022 09/27/22 For Sale $189,000 +68.0% $102 / Sq Ft
07/16/2019 07/16/19 Sold $112,500 0.0% $61 / Sq Ft
06/02/2019 06/02/19 Pending -- -- --
05/29/2019 05/29/19 Price Changed $112,500 -2.2% $61 / Sq Ft
05/14/2019 05/14/19 Price Changed $115,000 -8.0% $62 / Sq Ft
05/07/2019 05/07/19 For Sale $125,000 +380.8% $67 / Sq Ft
08/28/2012 08/28/12 Sold $26,000 -13.3% $14 / Sq Ft
06/06/2012 06/06/12 Pending -- -- --
05/08/2012 05/08/12 Price Changed $30,000 -20.0% $16 / Sq Ft
03/01/2012 03/01/12 For Sale $37,500 -- $20 / 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 $6,045 $61,286 $10,484 $50,802
2023 $6,403 $52,484 $8,978 $43,506
2022 $6,403 $45,316 $7,682 $37,634
2021 $4,848 $34,506 $6,894 $27,612
2020 $4,073 $29,835 $6,411 $23,424
2019 $3,843 $27,339 $5,875 $21,464
2018 $3,158 $19,436 $5,560 $13,876
2017 $2,993 $17,195 $4,919 $12,276
2016 $3,389 $19,156 $5,480 $13,676
2015 $3,165 $17,145 $4,905 $12,240
2014 $1,369 $8,255 $4,257 $3,998
2012 $625 $8,944 $4,612 $4,332
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11638882

Midwest Real Estate Data (MRED)

APN: 08-33-114-035