Seller's Agent in 2023
Shaheen Pervaiz
Exit Strategy Realty
13 in this area
35 Total Sales
122 N Menard Ave Chicago, IL 60644
Austin Neighborhood
8
Beds
4
Baths
3,456
Sq Ft
1959
Built
Highlights
- Forced Air Heating System
- Ceiling Fan
- Multiple Water Heaters
About This Home
As of September 2023Welcome to this exceptional investment opportunity! Presenting an all-brick 4-flat building that generates an impressive $50,000 in rental income annually. This property is a true gem, boasting four well-maintained 2-bedroom, 1-bathroom units, each designed with a spacious living room/dining room combo, and large eat-in kitchens adorned with elegant white cabinets. Enjoy the ease of ownership with "nothing to do but buy and start cash-flowing day 1!" All four units are rented with leased to section-8 tenants, offering an ideal investment for savvy investors looking for immediate returns. Moreover, this 4-flat offers a unique advantage of separate basements for each unit, providing additional space for tenants' storage needs. This thoughtful feature enhances tenant satisfaction and convenience, setting it apart from other properties in the area. Seize this incredible chance to close the deal and start collecting rent immediately! The property's robust rental income, combined with its turnkey condition, promises a seamless investment journey, whether you're a seasoned investor or entering the real estate market for the first time. This unique opportunity won't last long! Don't miss your chance to own a rock-solid, cash-flowing asset with tremendous potential for long-term growth. Act now and capitalize on this outstanding 4-flat building in a prime location. Reach out today to secure your future and embark on a rewarding investment venture! Tenant Pays Utilities.
Last Agent to Sell the Property
Exit Strategy Realty License #475139116 Listed on: 07/17/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,614
Year Built
- Built in 1959 | Remodeled in 2021
Home Design
- Brick Exterior Construction
Interior Spaces
- Ceiling Fan
- Carbon Monoxide Detectors
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Potential Bedrooms
- 4 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Basement Window Egress
Parking
- 1 Parking Space
- Uncovered Parking
- Off-Street Parking
- Parking Included in Price
Lot Details
- Lot Dimensions are 57x49
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Multiple Water Heaters
Community Details
- 4 Units
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/14/2023 09/14/23 | Sold | $480,000 | -3.8% | $139 / Sq Ft | |
| 08/05/2023 08/05/23 | Pending | -- | -- | -- | |
| 07/17/2023 07/17/23 | For Sale | $499,000 | +73.6% | $144 / Sq Ft | |
| 06/23/2021 06/23/21 | Sold | $287,500 | 0.0% | $83 / Sq Ft | View Prior Sale |
| 06/21/2021 06/21/21 | Off Market | $287,500 | -- | -- | |
| 05/13/2021 05/13/21 | For Sale | -- | -- | -- | |
| 05/12/2021 05/12/21 | Pending | -- | -- | -- | |
| 04/29/2021 04/29/21 | For Sale | $349,500 | +217.7% | $101 / Sq Ft | |
| 08/23/2018 08/23/18 | Sold | $110,000 | -8.3% | $32 / Sq Ft | View Prior Sale |
| 07/18/2018 07/18/18 | Pending | -- | -- | -- | |
| 07/02/2018 07/02/18 | Price Changed | $119,900 | -7.7% | $35 / Sq Ft | |
| 05/31/2018 05/31/18 | Price Changed | $129,900 | -13.3% | $38 / Sq Ft | |
| 05/02/2018 05/02/18 | Price Changed | $149,900 | -21.1% | $43 / Sq Ft | |
| 04/02/2018 04/02/18 | Price Changed | $189,900 | -9.5% | $55 / Sq Ft | |
| 03/02/2018 03/02/18 | Price Changed | $209,900 | -4.5% | $61 / Sq Ft | |
| 02/02/2018 02/02/18 | Price Changed | $219,900 | -4.9% | $64 / Sq Ft | |
| 12/30/2017 12/30/17 | For Sale | $231,290 | -- | $67 / Sq Ft |
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 | $2,743 | $30,000 | $3,846 | $26,154 |
| 2024 | $2,743 | $30,000 | $3,846 | $26,154 |
| 2023 | $2,674 | $13,000 | $3,045 | $9,955 |
| 2022 | $2,674 | $13,000 | $3,045 | $9,955 |
| 2021 | $2,614 | $12,999 | $3,044 | $9,955 |
| 2020 | $3,735 | $16,766 | $2,724 | $14,042 |
| 2019 | $3,828 | $19,053 | $2,724 | $16,329 |
| 2018 | $3,964 | $20,069 | $2,724 | $17,345 |
| 2017 | $4,474 | $20,784 | $2,403 | $18,381 |
| 2016 | $4,163 | $20,784 | $2,403 | $18,381 |
| 2015 | $3,809 | $20,784 | $2,403 | $18,381 |
| 2014 | $3,590 | $19,349 | $2,243 | $17,106 |
| 2013 | $3,519 | $19,349 | $2,243 | $17,106 |
Source: Public Records
Agents Affiliated with this Home
-
Shaheen Pervaiz
-
Keith Tarasiewicz
K
Seller's Agent in 2021
Keith Tarasiewicz
Redfin Corporation
-
Jennifer Rivera
Seller Co-Listing Agent in 2021
Jennifer Rivera
xr realty
(312) 919-6389
6 in this area
143 Total Sales
-
M
Buyer's Agent in 2021
Mary Murrell
Berkshire Hathaway HomeServices American Heritage
-
Victor Vita
Seller's Agent in 2018
Victor Vita
Vylla Home
(877) 330-2773
1 in this area
26 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11834368
APN: 16084140330000
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Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID
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