NOT LISTED FOR SALE

1123 Broadway Ave North Chicago, IL 60064

Midtown Neighborhood

Estimated Value: $1,632,559

36 Beds
18 Baths
-- Sq Ft
0.6 Acre Lot

Sale Details

Date Sold: July 26, 2016

Last sale price $360,000 $0 Per Sq Ft

Est. 353% increase in value since last sale

Current estimated payment $9,667 / mo

106 Days on Market

About This Home

As of July 2016

BANK OWNED AND PRICED TO SELL: Three six flats, each with 5 two bedroom units and 1 one bedroom unit located next each other. The buildings are in decent overall condition, but need some work. They are mostly occupied with section 8 tenants. Recent improvements include newer boiler and water heaters, windows, flooring and appliances in some of the buildings. Currently managed by a professional property management company working to fill the vacancies and stabilize the cash flow. Financial information is estimated based on recent reports. Sold "as is" with no warranties or representations whatsoever. Can be sold together with 927-941 Broadway one block north. Same ownership.

Last Agent to Sell the Property

Jeff Bell

RE/MAX Plaza License #475095372 Listed on: 12/01/2015

RE/MAX Plaza

Last Buyer's Agent

Jeff Bell

RE/MAX Plaza License #475095372 Listed on: 12/01/2015

RE/MAX Plaza

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 0.6

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Community Details

  • Fuel Expense $15,000
  • Insurance Expense $4,000

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0.6 Acres

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Corporation
  • Potential Use: Residential-Multi-Family
  • Utilities To Site: Sanitary Sewer to Site, Water-Municipal
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2015
  • Net Oper Income: 63640
  • Outdoor Parking: 13-18 Spaces
  • Repairs Decor Expense: 10000
  • Roof Structure: Flat
  • Scavenger Expense: 3000
  • Total Annual Exp: 71000
  • Total Annual Income: 160000
  • Total Monthly Income: 11220
  • Number of Ranges: 18
  • Number Of Refrigs: 18
  • Number Of Stories: 3
  • Estimated Year Built: 1962
  • Type Multi Family: Corridor-Interior Entrance, Garden Complex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1962

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Acreage: 0.6
  • Construction: Brick, Concrete
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 18

Utilities

  • Heatventilation: Gas, Hot Water
  • Water Expense: 8400

Condo/Co-op/Association

  • Units in Building: 18

Fee Information

  • Electricity Expense: 3000
  • Janitor Expense: 5000

Lot Info

  • Lot Dimensions: 200 X 120
  • Lot Sq Ft: 24000
  • Parcel Identification Number: 12041100020000

Rental Info

  • Gross Rental Income: 134640
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2015
  • Fuel Expense: 15000
  • Gross Rent Multiplier: 4
  • Insurance Expense: 4000
  • Other Expenses: 1000

Tax Info

  • Taxes: 21588

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

Closed on
Apr 7, 2026
Sold by
Bought by
Current Estimated Value
$1,632,559

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,292,000
Interest Rate
0.0621%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 19, 2023
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
$986,250
Interest Rate
0.0671%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 18, 2021
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
$784,000
Interest Rate
0.0305%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 30, 2020
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
$693,000
Interest Rate
0.027%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 5, 2018
Sold by
Bought by

Purchase Details

Listed on
Dec 1, 2015
Closed on
Jul 25, 2016
Sold by
Bought by
Seller's Agent
Jeff Bell
RE/MAX Plaza
Buyer's Agent
Jeff Bell
RE/MAX Plaza
List Price
$541,500
Sold Price
$360,000
Premium/Discount to List
-$181,500
-33.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.39%
Original Mortgage
$420,000
Interest Rate
0.0354%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 22, 2015
Sold by
Bought by

Purchase Details

Closed on
Mar 15, 2013
Sold by
Bought by

Purchase Details

Closed on
Jul 24, 2008
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
$348,000
Interest Rate
0.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 16, 2004
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
$100,000
Interest Rate
0.04%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 25, 2000
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
$50,000
Interest Rate
0.083%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 1997
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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

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
$1,615,000 Altima Title
$1,315,000 None Listed On Document
$1,120,000 Chicago Title
$787,500 Fidelity National Title
$1,125,000 Citywide Title Corporation
$525,000 Attorney
-- None Available
-- Greater Illinois Title Compa
$435,000 None Available
$762,000 --
-- Greater Illinois Title Compa
$362,500 Greater Illinois Title Compa
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 $1,292,000
Previous Owner $986,250
Previous Owner $784,000
Previous Owner $693,000
Previous Owner $632,426
Previous Owner $420,000
Previous Owner $760,000
Previous Owner $348,000
Previous Owner $720,000
Previous Owner $100,000
Previous Owner $610,000
Previous Owner $50,000
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
07/26/2016 07/26/16 Sold $360,000 -33.5% --
03/16/2016 03/16/16 Pending -- -- --
12/01/2015 12/01/15 For Sale $541,500 -- --
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 $9,571 $94,563 $10,424 $84,139
2024 $9,362 $75,925 $8,369 $67,556
2023 $7,416 $69,990 $7,715 $62,275
2022 $7,416 $53,348 $5,881 $47,467
2021 $7,108 $52,888 $5,830 $47,058
2020 $7,203 $53,180 $5,862 $47,318
2019 $7,173 $52,203 $5,754 $46,449
2018 $8,434 $50,400 $5,556 $44,844
2017 $8,366 $49,557 $5,463 $44,094
2016 $8,136 $47,170 $5,200 $41,970
2015 $7,984 $44,416 $4,896 $39,520
2014 $6,649 $44,416 $4,884 $39,532
2012 $5,543 $44,801 $4,926 $39,875
Source: Public Records

Agents Affiliated with this Home

  • Jeff Bell

    Seller's Agent in 2016

    Jeff Bell

    RE/MAX Plaza

    (847) 596-6142

    51 Total Sales

    Jeff Bell
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09095966

Midwest Real Estate Data (MRED)

APN: 12-04-110-002

Illinois Lake County North Chicago 60064 Midtown

1123 Broadway Ave, North Chicago, IL

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.

Midwest Real Estate Data (MRED) 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

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.