NOT LISTED FOR SALE
14 Beds
6 Baths
7,809 Sq Ft
5,300 Sq Ft Lot

Last Sold October 25, 2023

Last sale price $300,000 $38 Per Sq Ft

22 Days on Market

About This Home

As of October 2023

Investor'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

Russell Walker

Home First Realty Inc License #475188813 Listed on: 09/02/2023

Last Buyer's Agent

Juan Espinosa

E-Professional Realty License #471015933

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,170

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 3
  • Year Built: 1908
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 14
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 263000
  • Exterior Building Type: Brick

Utilities

  • Heat/Ventilation: Gas,Hot Water

Fee Information

  • Trash Expense: 2091
  • Water Sewer Expenses: 1012
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.12
  • Lot Dimensions: 50X106
  • Lot Size Sq Ft: 5300
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 7809

Multi Family

  • Fuel Expense: 2000
  • Insurance Expense: 2327
  • ElectricExpense: 420
  • NumberOfUnitsTotal: 6
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 4170
  • Tax Year: 2021

Range of Values:

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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 Change Sq Ft Price
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

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11875911

Midwest Real Estate Data (MRED)