M
Seller's Agent in 2014
Michael Zakin
116 W Grand Ave Chicago, IL 60654
River North NeighborhoodEstimated Value: $1,294,000 - $2,090,059
4
Beds
3
Baths
--
Sq Ft
1,742
Sq Ft Lot
Highlights
- Forced Air Heating System
- Paved or Partially Paved Lot
- 3-minute walk to Grand Avenue Station (Red Line)
About This Home
As of August 2014Hot River North Cash Cow! GROSS INCOME $106,500 OPERATING EXPENSE PER OWNER $16,753.00 NET PROFIT $89,757. Unit 1 Dental Clinic Rented For 5 Years, 2nd Floor 2br Apt Rented, 3rd Floor Apt Rented. Dental Office Lease Escalates each year. Now Would Be The Time To Purchase This 3 Unit Before Someone ELSE.
Last Agent to Sell the Property
Michael Zakin
Listed on: 02/23/2014
Last Buyer's Agent
Vlad Todea
Century 21 S.G.R., Inc. License #475155757
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,980
Year Built
- Built in 1900
Lot Details
- 1,742 Sq Ft Lot
- Paved or Partially Paved Lot
Home Design
- Brick Exterior Construction
Interior Spaces
- 3-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 3 Bathrooms
Parking
- 2 Parking Spaces
- Uncovered Parking
- Parking Included in Price
- Unassigned Parking
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
- 3 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 23, 2014
Closed on
Jul 23, 2014
Sold by
Chicago Title Land Trust Company
Bought by
Phoenix 116 Llc
Seller's Agent
Michael Zakin
Buyer's Agent
Vlad Todea
Century 21 S.G.R., Inc.
List Price
$1,289,000
Sold Price
$1,210,000
Premium/Discount to List
-$79,000
-6.13%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$569,991
Avg. Annual Appreciation
3.62%
Original Mortgage
$915,000
Interest Rate
4.75%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 14, 2004
Sold by
Chicago Title Land Trust Co
Bought by
Lasalle Bank Na and Trust #133276
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$728,000
Interest Rate
5.5%
Mortgage Type
Commercial
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Phoenix 116 Llc | $1,210,000 | Chicago Title Land Trust Co | |
| Lasalle Bank Na | $892,000 | Atgf Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Phoenix 116 Llc | $870,000 | |
| Previous Owner | Phoenix 116 Llc | $915,000 | |
| Previous Owner | Chicago Title Land Trust Co | $2,670,000 | |
| Previous Owner | Lasalle Bank Na | $728,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/28/2014 08/28/14 | Sold | $1,210,000 | -6.1% | -- |
| 06/03/2014 06/03/14 | Pending | -- | -- | -- |
| 05/03/2014 05/03/14 | For Sale | $1,289,000 | 0.0% | -- |
| 04/12/2014 04/12/14 | Pending | -- | -- | -- |
| 04/09/2014 04/09/14 | Price Changed | $1,289,000 | +1.5% | -- |
| 03/19/2014 03/19/14 | Price Changed | $1,270,000 | -0.4% | -- |
| 02/23/2014 02/23/14 | For Sale | $1,275,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $19,477 | $129,267 | $41,447 | $87,820 |
| 2023 | $18,987 | $92,311 | $33,425 | $58,886 |
| 2022 | $18,987 | $92,311 | $33,425 | $58,886 |
| 2021 | $18,563 | $92,310 | $33,425 | $58,885 |
| 2020 | $19,221 | $86,284 | $25,785 | $60,499 |
| 2019 | $20,966 | $104,356 | $25,785 | $78,571 |
| 2018 | $20,614 | $104,356 | $25,785 | $78,571 |
| 2017 | $18,468 | $85,789 | $21,965 | $63,824 |
| 2016 | $17,183 | $85,789 | $21,965 | $63,824 |
| 2015 | $18,644 | $101,745 | $21,965 | $79,780 |
| 2014 | $11,160 | $60,150 | $18,145 | $42,005 |
| 2013 | $10,940 | $60,150 | $18,145 | $42,005 |
Source: Public Records
Agents Affiliated with this Home
-
-
V
Buyer's Agent in 2014
Vlad Todea
Century 21 S.G.R., Inc.
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 08542816
APN: 17-09-239-018-0000
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