NOT LISTED FOR SALE
11 Beds
6 Baths
3,523 Sq Ft
6,740 Sq Ft Lot

Last Sold January 27, 2023

Last sale price $342,500 $97 Per Sq Ft

78 Days on Market

About This Home

As of January 2023

CASH COW!! This beautiful brick TURNKEY 6-unit in the Greater Grand Crossing/Chatham neighborhood is a real cash cow! Currently 5/6 units are rented out with apps out on the 6th. Great unit mix of (5) 2BR's and (1) 1BR. 3 of the units have been completely remodeled this year and the other 3 have long term tenants in place. Brand new boiler just installed. All common areas and stairways remodeled this year as well. New copper main supply installed in 2021. Coin-op laundry. Units are separately metered for electricity. Heat is provided by a communal boiler and hot water by a commercial tank. New Boiler (2022). Currently professionally managed with very reasonable fees but can also be easily self managed as well. Perfect 1031 Exchange. This one won't last!

Last Agent to Sell the Property

Duval Williams

@properties Christie's International Real Estate License #475182244 Listed on: 08/12/2022

@properties Christie's International Real Estate

Co-Listed By

Joe Moennig

@properties Christie's International Real Estate License #475164063

Last Buyer's Agent

Keisha Harrison

KBM Realty License #475150782

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,173

Year Built

  • Built in 1967

Lot Details

  • 6,740 Sq Ft Lot
  • Lot Dimensions are 54x122

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,523 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $200
  • Fuel Expense $5,500
  • Insurance Expense $3,436
  • Maintenance Expense $3,600
  • Other Expense $2,000
  • Trash Expense $1,200
  • Water Sewer Expense $5,000
  • Operating Expense $21,536
  • Gross Income $64,860
  • Net Operating Income $43,324

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,173

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1967
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Heat/Ventilation: Hot Water,Baseboard
  • Leased Washer Dryer YN: No

Fee Information

  • Trash Expense: 1200
  • Water Sewer Expenses: 5000

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.15
  • Lot Dimensions: 54X122
  • Lot Size Sq Ft: 6740
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 3523

Multi Family

  • Net Operating Income: 43324
  • Fuel Expense: 5500
  • Insurance Expense: 3436
  • ElectricExpense: 200
  • GrossIncome: 64860
  • Maintenance Expense: 3600
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 21536
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 5173.26
  • 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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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
01/27/2023 01/27/23 Sold $342,500 -14.4% $97 / Sq Ft
10/30/2022 10/30/22 Pending -- -- --
09/07/2022 09/07/22 Price Changed $399,900 -5.9% $114 / Sq Ft
08/12/2022 08/12/22 For Sale $425,000 -- $121 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11490218

Midwest Real Estate Data (MRED)

APN: 20264240350000