NOT LISTED FOR SALE
11 Beds
6 Baths
3,722 Sq Ft
6,100 Sq Ft Lot

Last Sold May 06, 2022

Last sale price $260,000 $70 Per Sq Ft

18 Days on Market

About This Home

As of May 2022

Great opportunity for an investor to own a 5-unit building with a 2 bedroom garden apartment in Chicago's Avalon Park neighborhood. This building consists of (2)1-bed units, and (3)2-bed units. There are 2 garage parking spaces. Many capital improvements have been made: new coin op washer/2021; new boiler/2021, hot water heater/2021; stainless steel chimney liner installed in April 2017; new concrete backyard patio 2012; new roof installed in 2016. This is a great property for immediate cash flow for a seasoned investor. Increase rents for more profitability.

Last Agent to Sell the Property

Kim Winbush

Charles Rutenberg Realty License #475151905 Listed on: 03/09/2022

Charles Rutenberg Realty

Last Buyer's Agent

Ken Yu

Century 21 IMPACT License #475187737

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,407

Year Built

  • Built in 1921

Lot Details

  • 6,100 Sq Ft Lot
  • Lot Dimensions are 49 x 123

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation
  • Reflective Roof
  • Rubber Roof

Interior Spaces

  • 3,722 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Radiator

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $372
  • Fuel Expense $3,542
  • Insurance Expense $3,774
  • Trash Expense $456
  • Water Sewer Expense $2,646
  • Operating Expense $11,848
  • Gross Income $31,800
  • Net Operating Income $19,952

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,407

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1921
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Possible Use: Multi-Family
  • Basement Description: Partially Finished
  • Fireplaces: 1
  • Refrigerators: 4
  • Ranges: 4
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Brick/Mortar
  • Roof: Reflective Coating, Rubber
  • Exterior Building Type: Brick
  • Roof Structure: Flat
  • Misc Outside: Courtyard,Patio

Garage/Parking

  • Indoor Parking: 1-5 Spaces

Utilities

  • Electric: Circuit Breakers
  • Utilities: Sanitary Sewer, Water to Site
  • Heat/Ventilation: Radiators
  • Leased Washer Dryer YN: No

Fee Information

  • Trash Expense: 456
  • Water Sewer Expenses: 2646

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.14
  • Lot Dimensions: 49 X 123
  • Lot Size Sq Ft: 6100
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Other
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 3722

Multi Family

  • Net Operating Income: 19952
  • Fuel Expense: 3542
  • Insurance Expense: 3774
  • ElectricExpense: 372
  • GrossIncome: 31800
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 11848
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 3407
  • Tax Year: 2020

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/06/2022 05/06/22 Sold $260,000 -14.8% $70 / Sq Ft
03/29/2022 03/29/22 Pending -- -- --
03/14/2022 03/14/22 Price Changed $305,000 +7.0% $82 / Sq Ft
03/10/2022 03/10/22 For Sale $285,000 +5.6% $77 / Sq Ft
04/19/2019 04/19/19 Sold $270,000 -8.5% -- View Prior Sale
03/15/2019 03/15/19 Pending -- -- --
05/24/2018 05/24/18 For Sale $295,000 -- --
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
2025 $5,064 $27,900 $4,575 $23,325
2024 $5,064 $27,900 $4,575 $23,325
2023 $4,936 $24,000 $7,625 $16,375
2022 $4,936 $24,000 $7,625 $16,375
2021 $4,826 $24,000 $7,625 $16,375
2020 $3,407 $15,295 $5,490 $9,805
2019 $3,492 $17,381 $5,490 $11,891
2018 $3,433 $17,381 $5,490 $11,891
2017 $4,570 $21,227 $4,880 $16,347
2016 $4,252 $21,227 $4,880 $16,347
2015 $3,890 $21,227 $4,880 $16,347
2014 $3,610 $19,456 $4,270 $15,186
2013 $3,539 $19,456 $4,270 $15,186
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11344513

Midwest Real Estate Data (MRED)

APN: 20352160180000