NOT LISTED FOR SALE
12 Beds
6 Baths
7,436 Sq Ft
1919 Built

Last Sold January 28, 2021

Last sale price $430,000 $58 Per Sq Ft

252 Days on Market

About This Home

As of January 2021

This home is located at 1255 N Central Ave, Chicago, IL 60651 since 09 March 2020. This property was built in 1919. 1255 N Central Ave is a home located in Cook County with nearby schools including Ella Flagg Young School, Orr Academy High School, and The Field School.

Last Agent to Sell the Property

Tanius Stamper

Greyson Brokerage Group LLC License #471019972 Listed on: 03/09/2020

Last Buyer's Agent

Olga Askin

Berkshire Hathaway HomeServices Chicago License #475178192

Berkshire Hathaway HomeServices Chicago

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,045

Year Built

  • Built in 1919

Home Design

  • Brick Exterior Construction
  • Tar and Gravel Roof
  • Membrane Roofing
  • Concrete Perimeter Foundation

Interior Spaces

  • 7,436 Sq Ft Home
  • 2-Story Property
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Utilities

  • Forced Air Heating System
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $800
  • Fuel Expense $100
  • Insurance Expense $2,125
  • Maintenance Expense $275
  • Trash Expense $1,200
  • Water Sewer Expense $2,880
  • Operating Expense $21,960
  • Gross Income $68,520
  • Net Operating Income $46,536

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,045

Year Built

Built in 1919

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: 2
  • Year Built: 1919
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 12
  • Possible Use: Multi-Family
  • Room: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Membrane, Tar and Gravel
  • Exterior Building Type: Brick

Utilities

  • Heat/Ventilation: Electric,Forced Air,Hot Water
  • Leased Washer Dryer YN: No

Fee Information

  • Trash Expense: 1200
  • Water Sewer Expenses: 2880

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 6541 SQ
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Heat
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 7436

Multi Family

  • Net Operating Income: 46536
  • Fuel Expense: 100
  • Insurance Expense: 2125
  • ElectricExpense: 800
  • GrossIncome: 68520
  • Maintenance Expense: 275
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 21960
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 8045
  • Tax Year: 2018
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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
01/28/2021 01/28/21 Sold $430,000 -15.7% $58 / Sq Ft
11/19/2020 11/19/20 For Sale $510,000 +18.6% $69 / Sq Ft
11/17/2020 11/17/20 Off Market $430,000 -- --
11/16/2020 11/16/20 Pending -- -- --
07/20/2020 07/20/20 Price Changed $510,000 -2.9% $69 / Sq Ft
03/09/2020 03/09/20 For Sale $525,000 -- $71 / Sq Ft
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 $6,119 $52,000 $8,176 $43,824
2024 $6,119 $52,000 $8,176 $43,824
2023 $5,965 $29,000 $6,541 $22,459
2022 $5,965 $29,000 $6,541 $22,459
2021 $5,832 $29,000 $6,541 $22,459
2020 $7,362 $33,046 $6,377 $26,669
2019 $7,545 $37,553 $6,377 $31,176
2018 $7,418 $37,553 $6,377 $31,176
2017 $6,117 $28,415 $5,559 $22,856
2016 $5,691 $28,415 $5,559 $22,856
2015 $5,207 $28,415 $5,559 $22,856
2014 $4,593 $24,755 $5,232 $19,523
2013 $4,502 $24,755 $5,232 $19,523
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10661317

Midwest Real Estate Data (MRED)

APN: 16041250010000