NOT LISTED FOR SALE

1242 W Argyle St Chicago, IL 60640

Little Vietnam Neighborhood
18 Beds
13 Baths
4,137 Sq Ft
5,480 Sq Ft Lot

Last Sold May 16, 2024

Last sale price $2,525,000 $610 Per Sq Ft

11 Days on Market

About This Home

As of May 2024

Exceptional investment opportunity in ANDERSONVILLE. Fully stabilized 6 unit building with high-end condo quality finishes. 2023 NEW REHAB,This property offers an absolute turnkey experience with all leases running into SPRING/SUMMER 2025. Unit breakdown of (2) three bed/two bath residences, (2) two bed/one bath residence and (2) duplex down residences.(1)4 BED 4 BATH,(1) 4 BED 3 BATH Each unit boasts private outdoor space. 5 EXTERIOR PARKING SPOTS. The units in this luxury boutique building are distinguished by the finishes & details; hardwood floors, in unit laundry, individual central air units/individual furnaces gas forced heat, custom closets, window treatments throughout. Kitchens are all finished with quartz countertops, white shaker ,soft close cabinets, breakfast bar overhang, stainless steel appliances, and custom cabinetry. Elevated primary suites with walk-in closets and vanity with quartz countertops, and walk-in showers, dining room /living room combo, new hardwood floors, bathrooms fully tiled with soaking tub and walk in showers. Exposed brick painted white in units and sun drenched private deck off living room

Last Agent to Sell the Property

Geraldine Ward

Joyce & Kerrigan Real Estate License #475167325 Listed on: 03/06/2024

Last Buyer's Agent

Paul DeLegge

CL3 Property Management

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,684

Year Built

  • Built in 1901

Lot Details

  • 5,480 Sq Ft Lot
  • Lot Dimensions are 40x137

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property
  • Bedroom in Basement

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 13 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Floor Furnace

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $1,560
  • Insurance Expense $4,800
  • Trash Expense $1,476
  • Water Sewer Expense $2,360
  • Operating Expense $28,196
  • Gross Income $18,330
  • Net Operating Income $188,110

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,684

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1901
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,Show-Special Instructions
  • Estimated Age: New Rehab
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 13
  • Total Bedrooms: 18
  • Basement Description: Sleeping Area
  • Fire Protection: Alarm On Site,Fire Extinguisher/s
  • Fireplaces: 6
  • Drive-In Doors: 0
  • Dishwashers: 6
  • Refrigerators: 6
  • Ranges: 6
  • Number of Windows: 0
  • Number of Washers: 6
  • Room: 6
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • List Price: 2625000
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Individual Furnaces
  • Leased Washer Dryer YN: Yes

Fee Information

  • Trash Expense: 1476
  • Water Sewer Expenses: 2360
  • Janitor Expense: 900

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 40X137
  • Lot Size Sq Ft: 5480
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8

Multi Family

  • Net Operating Income: 188110
  • Insurance Expense: 4800
  • ElectricExpense: 1560
  • GrossIncome: 18330
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 28196
  • Expense Year: 2023
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 16684.3
  • Tax Year: 2022

Range of Values:

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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
05/16/2024 05/16/24 Sold $2,525,000 -3.8% $610 / Sq Ft
03/18/2024 03/18/24 Pending -- -- --
03/06/2024 03/06/24 For Sale $2,625,000 +234.4% $635 / Sq Ft
11/02/2021 11/02/21 Sold $785,000 -34.6% $190 / Sq Ft
08/17/2021 08/17/21 Pending -- -- --
07/20/2021 07/20/21 For Sale $1,200,000 -- $290 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2024

    Geraldine Ward

    Joyce & Kerrigan Real Estate

    1 in this area

    15 Total Sales

    Geraldine Ward
    Section Image

  • P

    Buyer's Agent in 2024

    Paul DeLegge

    CL3 Property Management

    (708) 522-7306

    1 in this area

    28 Total Sales

    Paul DeLegge
    Section Image
  • Marie Velasquez-Rincon

    Seller's Agent in 2021

    Marie Velasquez-Rincon

    Nelly Corp Realty

    (773) 732-7422

    1 in this area

    19 Total Sales

    Marie Velasquez-Rincon
    Section Image
  • Sam Jenkins

    Buyer's Agent in 2021

    Sam Jenkins

    Jameson Sotheby's Intl Realty

    (312) 451-2411

    1 in this area

    146 Total Sales

    Sam Jenkins
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11991452

Midwest Real Estate Data (MRED)

APN: 14083110500000

Illinois Cook County Chicago 60640 Little Vietnam

1242 W Argyle St, Chicago, IL

This home is located at 1242 W Argyle St, Chicago, IL 60640 since 06 March 2024. This property was built in 1901. 1242 W Argyle St is a home located in Cook County with nearby schools including Mccutcheon Elementary School, Senn High School, and Chicago Waldorf School.

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