NOT LISTED FOR SALE

1305 W Barry Ave Chicago, IL 60657

Lakeview Neighborhood
12 Beds
7 Baths
-- Sq Ft
1880 Built

Sale Details

Date Sold: November 7, 2022

Last sale price $1,600,000

12 Days on Market

Highlights

  • Deck
  • Patio
  • Multiple Water Heaters
  • Augustus H. Burley Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of November 2022

Incredible turnkey 4-unit investment opportunity located on a quiet one-way street in the Lakeview/Southport Corridor neighborhood. New construction without the new construction hassles. Both front and back buildings were a complete gut rehab in 2017 down to the studs. Everything has been updated including new plumbing, electrical, sewer line, gas lines and a new roof. All four units feature hardwood floors, quartz counters, central a/c, gas forced heat and in-unit washer/dryer. Very low maintenance costs since everything is new. The front building is comprised of two units. Unit 1F is a 4 bedroom plus den, 2 bath duplex down unit. Unit 2F is a 3 bedroom 2 bath duplex up unit. The rear building is also comprised of two rehabbed units. Unit 1R is a 2 bedroom, 1 bath unit. Unit 2R is a duplex up 3 bedroom, 2 bath unit. The front property offers spacious balconies off the units and there is also a great patio between the buildings which is great for the tenants and summer grilling. These units rent very quickly and have very minimal turnover and almost no vacancy. 1F is leased for $3,450 per month and expires on 5/31/23. Unit 2F is leased for $3,100 and expires on 8/31/23. Unit 1R is leased for $2,000 per month and expires on 8/15/23. Unit 2R is leased for $2,795 and expires on 6/15/23.

Last Agent to Sell the Property

Jonathan Stein

Madison Clark Properties, LLC License #471021623 Listed on: 09/14/2022

Co-Listed By

Nick Riggio

Fulton Grace Realty License #475173917

Last Buyer's Agent

Oluseyi Adelakun

Worth Clark Realty License #475197729

Worth Clark Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,857

Year Built

  • Built in 1880

Home Design

  • Asphalt Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Potential Bedrooms
  • 7 Bathrooms

Basement

  • Sump Pump
  • Crawl Space

Outdoor Features

  • Deck
  • Patio

Lot Details

  • Lot Dimensions are 25 x 125

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Multiple Water Heaters

Community Details

  • 4 Units
  • Gross Income $136,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,857

Year Built

Built in 1880

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1880
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): Yes
  • Rehab (Y/N): No
  • Rebuilt Year: 2017
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • AttributionContact: jstein@fultongrace.com
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 7
  • Total Bedrooms: 12
  • Other Equipment: Sump Pump, Multiple Water Heaters
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors
  • AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors

Exterior Features

  • ExteriorFeatures: Deck, Patio
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25 X 125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: No
  • TenantPays: Electric,Gas,Heat

Multi Family

  • GrossIncome: 136140
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat,Other

Tax Info

  • Tax Annual Amount: 14856.71
  • Tax Year: 2020
  • Tax Exemptions: None
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/07/2022 11/07/22 Sold $1,600,000 -1.5% --
09/27/2022 09/27/22 Pending -- -- --
09/14/2022 09/14/22 For Sale $1,625,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $17,589 $132,381 $58,125 $74,256
2024 $17,589 $132,381 $58,125 $74,256
2023 $17,146 $83,364 $46,875 $36,489
2022 $17,146 $83,364 $46,875 $36,489
2021 $16,763 $83,362 $46,875 $36,487
2020 $14,857 $66,691 $18,750 $47,941
2019 $14,888 $74,101 $18,750 $55,351
2018 $16,129 $81,650 $18,750 $62,900
2017 $19,065 $88,561 $16,875 $71,686
2016 $17,738 $88,561 $16,875 $71,686
2015 $16,228 $88,561 $16,875 $71,686
2014 $15,671 $84,463 $13,750 $70,713
2013 $15,362 $84,463 $13,750 $70,713
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Stein

    Seller's Agent in 2022

    Jonathan Stein

    Madison Clark Properties, LLC

    (773) 220-6399

    3 in this area

    38 Total Sales

    Jonathan Stein
    Section Image

  • N

    Seller Co-Listing Agent in 2022

    Nick Riggio

    Fulton Grace Realty

    (773) 698-6648

    3 in this area

    42 Total Sales

    Nick Riggio
    Section Image
  • Oluseyi Adelakun

    Buyer's Agent in 2022

    Oluseyi Adelakun

    Worth Clark Realty

    (773) 936-3931

    2 in this area

    7 Total Sales

    Oluseyi Adelakun
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11628954

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60657 Lakeview

1305 W Barry Ave, Chicago, IL

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) 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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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