NOT LISTED FOR SALE

1246 N Artesian Ave Chicago, IL 60622

Wicker Park Neighborhood
15 Beds
8 Baths
4,884 Sq Ft
3,049 Sq Ft Lot

Last Sold September 09, 2021

Last sale price $2,090,000 $428 Per Sq Ft

80 Days on Market

About This Home

As of September 2021

Beautiful 8 legal unit multifamily property, fully renovated in 2018. Building is fully gated featuring a buzzer system with keyless security gates, new windows, lintels, tuck pointing, new roof, new water service, sump pump, all new electric, plumbing, HVAC, coin operated washer/dryer, second hookup. All 8 legal units feature high end finishes, 42" kitchen cabinets with soft close drawers, quartz countertops, top end stainless steel appliances, new hardwood floors. Modern open concept design. 6 tandem parking spots.

Last Agent to Sell the Property

Val Vasilyev

Core Realty & Investments, Inc License #475141831 Listed on: 04/06/2021

Core Realty & Investments, Inc

Last Buyer's Agent

Andrew Dorazio

Dorazio Real Estate LLC License #471022724

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,764

Year Built

  • Built in 1900

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 25 x 126

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Stone Siding
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3-Story Property
  • Finished Basement

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 8 Bathrooms

Utilities

  • Central Air
  • Separate Meters

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $750
  • Fuel Expense $800
  • Insurance Expense $5,130
  • Trash Expense $1,920
  • Water Sewer Expense $3,570
  • Operating Expense $27,774
  • Gross Income $189,000
  • Net Operating Income $167,826

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,764

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1900
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: New Rehab
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 15
  • Basement Description: Finished
  • Fire Protection: Alarm On Site,Fire Extinguisher/s,Smoke or Fire Protectors
  • Drive-In Doors: 8
  • Dishwashers: 8
  • Refrigerators: 8
  • Ranges: 8
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Concrete, Stone, Wood Frame, Other
  • Exterior Building Type: Brick

Utilities

  • Cooling: Central Air, Central Individual
  • Electric: Separate Meters
  • Heat/Ventilation: Separate Per Unit

Condo/Co-op/Association

  • Conversion YN: N

Fee Information

  • Trash Expense: 1920
  • Water Sewer Expenses: 3570

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.07
  • Lot Dimensions: 25 X 126
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat, Other
  • Board Number: 2

Multi Family

  • Net Operating Income: 167826
  • Fuel Expense: 800
  • Insurance Expense: 5130
  • ElectricExpense: 750
  • GrossIncome: 189000
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 27774
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 14764
  • Tax Year: 2019

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
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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 List to Sale Price per Sq Ft Prior Sale
09/09/2021 09/09/21 Sold $2,090,000 -4.1% $428 / Sq Ft
06/25/2021 06/25/21 Pending -- -- --
04/06/2021 04/06/21 For Sale $2,179,000 +159.4% $446 / Sq Ft
07/12/2016 07/12/16 Sold $840,000 -6.6% -- View Prior Sale
05/09/2016 05/09/16 Pending -- -- --
02/01/2016 02/01/16 For Sale $899,000 +71.2% --
11/16/2012 11/16/12 Sold $525,000 -38.2% -- View Prior Sale
08/06/2012 08/06/12 Pending -- -- --
05/16/2012 05/16/12 For Sale $850,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $14,503 $195,000 $17,640 $177,360
2024 $14,503 $195,000 $17,640 $177,360
2023 $14,096 $68,534 $14,175 $54,359
2022 $14,096 $68,534 $14,175 $54,359
2021 $13,782 $68,534 $14,175 $54,359
2020 $11,908 $53,453 $8,032 $45,421
2019 $12,849 $63,954 $8,032 $55,922
2018 $14,765 $74,748 $8,032 $66,716
2017 $10,416 $48,386 $7,087 $41,299
2016 $9,691 $48,386 $7,087 $41,299
2015 $8,867 $48,386 $7,087 $41,299
2014 $6,984 $37,641 $6,300 $31,341
2013 $6,846 $37,641 $6,300 $31,341
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2021

    Val Vasilyev

    Core Realty & Investments, Inc

    (224) 235-4336

    1 in this area

    10 Total Sales

    Val Vasilyev
    Section Image
  • Andrew Dorazio

    Buyer's Agent in 2021

    Andrew Dorazio

    Dorazio Real Estate LLC

    (224) 505-4072

    7 in this area

    109 Total Sales

    Andrew Dorazio
    Section Image
  • Joe Betancourt

    Seller's Agent in 2016

    Joe Betancourt

    Betancourt Realty

    (773) 297-8560

    1 in this area

    64 Total Sales

    Joe Betancourt
    Section Image

  • P

    Seller's Agent in 2012

    Pablo Cazares

    Troy Realty Ltd

    (773) 671-6770

    14 Total Sales

    Pablo Cazares
    Section Image
  • Mark Martinez

    Seller Co-Listing Agent in 2012

    Mark Martinez

    PMA Real Estate, Inc.

    (773) 230-6651

    29 Total Sales

    Mark Martinez
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11044596

Midwest Real Estate Data (MRED)

APN: 16012280220000

Illinois Cook County Chicago 60622 Wicker Park

1246 N Artesian Ave, Chicago, IL

Not Listed for Sale

MultiFamily

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