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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 2, 2023
Closed on
Oct 24, 2023
Sold by
Bought by
Seller's Agent
Russell Walker
Home First Realty Inc
Buyer's Agent
Juan Espinosa
E-Professional Realty
List Price
$263,000
Sold Price
$300,000
Premium/Discount to List
$37,000
14.07%
Views
14
Purchase Details
Closed on
Jun 30, 2022
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
0.0432%
Mortgage Type
Construction
Purchase Details
Closed on
Apr 21, 2015
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
0.0377%
Mortgage Type
Seller Take Back
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $300,000 | Fidelity National Title | ||
| -- | None Listed On Document | ||
| $200,000 | Chicago Title Land Trust Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $300,000 | ||
| Previous Owner | $165,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
8 in this area
154 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11875911
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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