NOT LISTED FOR SALE
8 Beds
5 Baths
-- Sq Ft
-- Built

Sale Details

Date Sold: December 15, 2023

Last sale price $1,330,000

14 Days on Market

Highlights

  • Deck
  • Victorian Architecture
  • Enclosed Balcony
  • Lincoln Park High School Rated A
  • Lower Floor Utility Room
  • 3-minute walk to South Lakeview Park

About This Home

As of December 2023

Nestled within Lakeview, Chicago's most dynamic neighborhood, this property offers proximity to Wrigley Field, an array restaurants, and shopping destinations. Its unit mix includes two spacious 2-bedroom, 1-bathroom units, with one unit featuring a duplex layout, a 3-bedroom, 2-bathroom duplex unit, and a cozy 1-bedroom, 1-bathroom unit. Each residence boasts an expansive open floor plan, working fireplaces, individualized heating and cooling controls, and beautiful hardwood floors. Currently, the property enjoys full occupancy through the upcoming summer, with ample room for substantial rental rate increases.

Last Agent to Sell the Property

Tyson Schutz

The Apartment Source License #471020066 Listed on: 10/10/2023

Co-Listed By

Ariel Bo Pang

The Apartment Source License #475199185

Last Buyer's Agent

Grigory Pekarsky

Vesta Preferred LLC License #471002400

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,797

Year Renovated

  • 2017

Home Design

  • Victorian Architecture

Interior Spaces

  • Ceiling Fan
  • Lower Floor Utility Room
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 5 Bathrooms
  • Dual Sinks

Partially Finished Basement

  • Partial Basement
  • Rough-In Basement Bathroom

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price

Outdoor Features

  • Enclosed Balcony
  • Deck

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Multiple Water Heaters
  • Mechanical Septic System

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $300
  • Insurance Expense $3,800
  • Professional Management Expense $2,800
  • Water Sewer Expense $2,900
  • Gross Income $113,940
  • Net Operating Income $80,343

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,797

Year Renovated

2017

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Victorian
  • New Construction: No
  • Professional Management Expense: 2800
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2017
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2017

Interior Features

  • Basement: Partial
  • Total Bathrooms: 5
  • Total Bedrooms: 8
  • Other Equipment: CO Detectors, Ceiling Fan(s), Multiple Water Heaters
  • Room Type: Enclosed Balcony, Utility Room-Lower Level
  • Basement Description: Partially Finished,Unfinished,Bathroom Rough-In
  • Bathroom Amenities: Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • ExteriorFeatures: Deck
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Frame

Garage/Parking

  • Parking Features: Off Alley
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Septic-Mechanical
  • Heating: Natural Gas, Forced Air, Radiant
  • Water Source: Public

Fee Information

  • Water Sewer Expenses: 2900

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 24 X 174 / 24 X 152
  • Zoning: MULTI
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 80343
  • Insurance Expense: 3800
  • ElectricExpense: 300
  • GrossIncome: 113940
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat,2 Story Unit/s,Coach House

Tax Info

  • Tax Annual Amount: 23796.52
  • Tax Year: 2021
  • Tax Exemptions: None
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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
12/15/2023 12/15/23 Sold $1,330,000 0.0% --
10/25/2023 10/25/23 Pending -- -- --
10/10/2023 10/10/23 For Sale $1,330,000 +33.7% --
02/24/2014 02/24/14 Sold $995,000 -5.2% -- View Prior Sale
12/13/2013 12/13/13 Pending -- -- --
12/03/2013 12/03/13 For Sale $1,050,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $24,968 $137,000 $67,651 $69,349
2024 $24,968 $137,000 $67,651 $69,349
2023 $24,340 $118,338 $68,040 $50,298
2022 $24,340 $118,338 $68,040 $50,298
2021 $23,797 $118,337 $68,040 $50,297
2020 $21,353 $95,854 $26,438 $69,416
2019 $21,398 $106,505 $26,438 $80,067
2018 $22,152 $112,142 $26,438 $85,704
2017 $18,901 $87,800 $23,328 $64,472
2016 $17,585 $87,800 $23,328 $64,472
2015 $16,089 $87,800 $23,328 $64,472
2014 $12,978 $69,950 $19,440 $50,510
2013 $12,722 $69,950 $19,440 $50,510
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11905437

Midwest Real Estate Data (MRED)
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