NOT LISTED FOR SALE

1240 W Carmen Ave Chicago, IL 60640

Little Vietnam Neighborhood
12 Beds
8 Baths
-- Sq Ft
5,663 Sq Ft Lot

Last Sold May 23, 2016

Last sale price $1,305,000

9 Days on Market

Highlights

  • 2 Car Detached Garage
  • 4-minute walk to Argyle Station
  • 1-minute walk to Carmen Park

About This Home

As of May 2016

Impeccably remodeled 4-unit building in the heart of Andersonville. Building features four 3-bed, 2-bath luxury apartments. Building is 100% leased and occupied grossing approx. $115,000 annually. Units feature hardwood floors throughout, central heating and cooling, open floor plans, custom baths w/ designer finishes, granite and stainless kitchens, in-unit laundry, enclosed rear porches, tall ceilings and lots of natural light. Building has 2-car garage and 2 tandem parking pads in rear. Turnkey building a joy to own and manage. Offered at over 7% cap rate on in place rents.

Last Agent to Sell the Property

Josh Krueger

Campbell Street Asset Management Inc License #471017934 Listed on: 02/22/2016

Co-Listed By

Dan Holtzman

Holtzman Management LLC License #471020924

Last Buyer's Agent

Dan Holtzman

Holtzman Management LLC License #471020924

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,065

Year Built

  • Built in 1907

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 40x152

Parking

  • 2 Car Detached Garage
  • Driveway
  • Off-Street Parking
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Potential Bedrooms
  • 8 Bathrooms

Finished Basement

  • English Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 4 Units
  • Net Operating Income $92,772

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,065

Year Built

Built in 1907

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1907
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, English
  • Total Bathrooms: 8
  • Total Bedrooms: 12
  • Basement Description: Finished,Exterior Access
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 8
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Disposal,Central Air Conditioner,Hardwood Floors,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Disposal,Central Air Conditioner,Hardwood Floors,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Disposal,Central Air Conditioner,Hardwood Floors,Walk-In Closet
  • AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Disposal,Central Air Conditioner,Hardwood Floors,Walk-In Closet
  • Room: 5

Exterior Features

  • List Price: 1295000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Off Street, Driveway
  • ParkingTotal: 4
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Fee Information

  • Other Expenses $: 22308

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Size Acres: 0.13
  • Lot Dimensions: 40X152
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 92772
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 10065.08
  • Tax Year: 2014

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
05/23/2016 05/23/16 Sold $1,305,000 +0.8% --
03/02/2016 03/02/16 Pending -- -- --
02/22/2016 02/22/16 For Sale $1,295,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Josh Krueger

    Seller's Agent in 2016

    Josh Krueger

    Campbell Street Asset Management Inc

    (773) 830-1485

    3 Total Sales

    Section Image

  • D

    Seller Co-Listing Agent in 2016

    Dan Holtzman

    Holtzman Management LLC

    (847) 987-9556

    2 Total Sales

    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09145738

Midwest Real Estate Data (MRED)

Illinois Cook County Chicago 60640 Little Vietnam

1240 W Carmen Ave, Chicago, IL

This home is located at 1240 W Carmen Ave, Chicago, IL 60640 since 22 February 2016. This property was built in 1907. 1240 W Carmen Ave is a home located in Cook County with nearby schools including Mccutcheon Elementary School, Senn High School, and Chicago Waldorf School.

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.

Midwest Real Estate Data (MRED) 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.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Nearby Homes