$1,599,000
$151K PRICE DROP

Estimated payment $10,101/month

Total Views 8,650
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 1 Fireplace
  • Hot Water Heating System
  • 2-minute walk to Carmen Park
  • Forced Air Heating and Cooling System

About This Home

Generational Opportunity to Purchase a South Andersonville Brick and Stone Multi-Family Residential Property with a Move-In Ready Owner's Three Bedroom 2 Bath Triplex Unit with Four Additional Income Producing Rental Apartments located in the City of Chicago ADU Pilot Program for additional permitted rental unit!!!! Oversized Lot with 2 Car Garage and Additional Carport for easy come and go!!!!! Owner's Unit contains gas forced air/central air, modern open floorplan with breakfast island, dining room, living room and private deck on the main level. The gourmet kitchen includes oversized Thermador stainless steel refrigerator, range and hood appliances!!! There are 2 Bedrooms on upper level with jacuzzi tub and separate shower and on the lower level there is a large family room, additional bedroom, full bathroom and owner's laundry room. Included with the sale are four additional apartments consisting of 2 Two Bedroom One Bathroom and 2 One Bedroom One Bathroom apartments with all current leases set to expire for opportunity to increase rental rates!!! The location for this property is 10 out of 10 with walking distance to the Andersonville Shopping and Nightlife Corridor, Argyle Red Line Train Stops, Aragon and Riviera Entertainment Venues and the Lakefront and Foster Beach!!!! Common areas include an expansive basement with Tenant's Coin Laundry Room and access to mechanicals!!! There is an additional vacant Live/Work space with separate entryway for the Owner...see remarks!!!! A little TLC to the apartments would substantially increase the rent roll for the property benefiting the next owner!!! Operate this property as an Owner Occupied Investment or operate as a full rental asset to obtain substantial income in this very high Tenant demand rental location!!!

Listing Agent

Nicholas Jakubco

Jakubco Development, Inc License #471017478 Listed on: 03/23/2025

Co-Listing Agent

Dana Jakubco

Jakubco Development, Inc License #475195422

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,861

Year Built

  • Built in 1900

Lot Details

  • 5,440 Sq Ft Lot
  • Lot Dimensions are 40x136

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Siding

Interior Spaces

  • 2-Story Property
  • 1 Fireplace

Utilities

  • Forced Air Heating and Cooling System
  • Hot Water Heating System

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $960
  • Fuel Expense $4,000
  • Insurance Expense $4,800
  • Trash Expense $1,800
  • Water Sewer Expense $3,600
  • Operating Expense $31,421
  • Gross Income $68,940
  • Net Operating Income $37,519

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,861

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1900
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Fireplaces: 2
  • Drive-In Doors: 1
  • Dishwashers: 1
  • Refrigerators: 5
  • Ranges: 5
  • Number of Washers: 2
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Stone
  • List Price: 1599000
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: 1-5 Spaces
  • Indoor Parking: 1-5 Spaces

Utilities

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Utilities: Sewer Connected
  • Water Source: Municipal Water
  • Heat/Ventilation: Central Bldg Heat,Forced Air,Hot Water
  • Leased Washer Dryer YN: No

Fee Information

  • Trash Expense: 1800
  • Water Sewer Expenses: 3600
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 40X136
  • Lot Size Sq Ft: 5440
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 37519
  • Fuel Expense: 4000
  • Insurance Expense: 4800
  • ElectricExpense: 960
  • GrossIncome: 68940
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 31421
  • Expense Year: 2023
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 16861
  • Tax Year: 2023

Map

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
06/26/2025 06/26/25 Price Changed $1,599,000 -3.1% --
04/11/2025 04/11/25 Price Changed $1,649,900 -5.7% --
03/23/2025 03/23/25 For Sale $1,749,900 -- --
Source: Midwest Real Estate Data (MRED)

Similar Home in Chicago, IL

  • 3322 S Parnell Ave, Chicago, IL 60616

    $1,175,000

    • 2 Beds
    • 2 Baths
    • 3322 S Parnell Ave
    • Chicago, IL

    3328 s Parnell is an oversized Frame 2-Flat with walking distance to Guaranteed Rate Field and Armor Square Park. Each unit with 3 bedrooms and 1 bath with garage. Also the listing price include 2 vacant lots (3326 and 3322 S Parnell ) see map for details. Note: can buy the 2 units apartment separately or have to buy the 2 units apartment plus 2 vacant lots all together .

    Rowena Cheng Richland Global Inc

    Section Image

Source: Midwest Real Estate Data (MRED)

MLS Number: 12319081

Midwest Real Estate Data (MRED)

APN: 14083080420000