R
Seller's Agent in 2023
Russell Walker
Home First Realty Inc
(773) 417-6988
2 in this area
17 Total Sales
124 N Hamlin Ave Chicago, IL 60624
Garfield Park Neighborhood
14
Beds
6
Baths
7,809
Sq Ft
5,300
Sq Ft Lot
About This Home
As of October 2023Investor's Dream Opportunity in Garfield Park, Chicago IL 6-Unit Gem. Are you ready to seize a remarkable investment opportunity in the thriving Garfield Park area of Chicago? This off-market, brick 6-unit property is your ticket to real estate success, and it won't last long! This is your chance to secure substantial equity and cash flow potential. Unit Breakdown: This impressive building consists of four spacious 2-bedroom, 1-bathroom units and two generous 3-bedroom, 1-bathroom units, offering a total of 14 bedrooms and 6 bathrooms. Size Matters: Spanning an impressive 7,809 square feet, this property provides ample space for comfortable living. Investor's Dream Rehab Opportunity: While some units are already gutted, the property is ready for your creative touch. With a total rehab, you can transform this diamond in the rough into a prime income-generating asset.The property is currently vacant, allowing you to start your rehab project immediately without any tenant-related delays. Post-rehab, you can expect to command rents of up to $8,000 per month, offering a strong cash flow opportunity. Act fast, as this off-market gem won't be available for long!
Last Agent to Sell the Property
Home First Realty Inc License #475188813 Listed on: 09/02/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,170
Year Built
- Built in 1908
Lot Details
- 5,300 Sq Ft Lot
- Lot Dimensions are 50x106
- Additional Parcels
Home Design
- Brick Exterior Construction
Interior Spaces
- 7,809 Sq Ft Home
- 3-Story Property
- Exterior Basement Entry
Bedrooms and Bathrooms
- 14 Bedrooms
- 6 Bathrooms
Utilities
- Hot Water Heating System
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $420
- Fuel Expense $2,000
- Insurance Expense $2,327
- Trash Expense $2,091
- Water Sewer Expense $1,012
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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 |
|---|---|---|---|---|
| 10/25/2023 10/25/23 | Sold | $300,000 | 0.0% | $38 / Sq Ft |
| 09/08/2023 09/08/23 | Off Market | $300,000 | -- | -- |
| 09/02/2023 09/02/23 | For Sale | $263,000 | -- | $34 / Sq Ft |
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 |
|---|---|---|---|---|
| 2025 | $4,379 | $40,000 | $7,685 | $32,315 |
| 2024 | $4,379 | $40,000 | $7,685 | $32,315 |
| 2023 | $4,247 | $24,001 | $6,228 | $17,773 |
| 2022 | $4,247 | $24,001 | $6,228 | $17,773 |
| 2021 | $4,170 | $23,999 | $6,227 | $17,772 |
| 2020 | $5,081 | $25,835 | $6,227 | $19,608 |
| 2019 | $5,227 | $29,358 | $6,227 | $23,131 |
| 2018 | $5,137 | $29,358 | $6,227 | $23,131 |
| 2017 | $3,591 | $20,000 | $5,565 | $14,435 |
| 2016 | $3,506 | $20,000 | $5,565 | $14,435 |
| 2015 | $5,168 | $30,827 | $5,565 | $25,262 |
| 2014 | $4,834 | $28,621 | $5,300 | $23,321 |
| 2013 | -- | $28,621 | $5,300 | $23,321 |
Source: Public Records
Agents Affiliated with this Home
-
Russell Walker
-
Juan Espinosa
Buyer's Agent in 2023
Juan Espinosa
E-Professional Realty
(312) 730-8875
9 in this area
157 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11875911
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