NOT LISTED FOR SALE

Estimated Value: $1,360,000 - $2,715,000

12 Beds
6 Baths
-- Sq Ft
3,093 Sq Ft Lot

Last Sold July 24, 2019

Last sale price $1,930,000

Est. 17% increase in value since last sale

Current estimated payment $13,987/month

30 Days on Market

Highlights

  • Central Air
  • Prescott Elementary School Rated A-
  • 4-minute walk to Supera Park

About This Home

As of July 2019

Complete Gut Renovation on this 5 unit building in prime location! Everything is New (Roof, windows, electrical, plumbing, tuck pointing, floors, mechanicals, appliances, etc!) Condo Quality Finishes thru-out every unit. All New white kitchens/bathrooms, New HVAC/CA, W/D in units & HDWD thru out. 5 Outdoor parking spaces. Four 2 bed 1 Baths and One 4 Bed 2 bath with barrel vaulted ceiling. All units are fully occupied and rent easily in this location! Truly a turn key opportunity, nothing to do to this building but collect rents! 48 hr Notice Required due to tenants.

Last Agent to Sell the Property

Brian Ruff

Coldwell Banker Real Estate Group License #475119859 Listed on: 04/17/2019

Coldwell Banker Real Estate Group

Last Buyer's Agent

Aphisak Seriruk

Baird & Warner License #471014292

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,734

Year Built

  • 1940

Lot Details

  • 3,093

Home Design

  • Brick Exterior Construction

Utilities

  • Central Air

Community Details

  • Insurance Expense $4,100
  • Manager Expense $7,000

Listing and Financial Details

  • Tenant pays for air conditioning, electric, heat

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,734

Year Built

1940

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Ownership Type: Corporation, Limited Liability Corp
  • Utilities To Site: Sanitary Sewer to Site
  • Zoning Type: MULTI
  • Estimated Age: 1-6 Years
  • Net Oper Income: 129800
  • Outdoor Parking: 1-5 Spaces
  • Repairs Decor Expense: 1500
  • Roof Coverings: Membrane
  • Scavenger Expense: 3000
  • Total Annual Exp: 44800
  • Total Annual Income: 172080
  • Total Monthly Income: 14340
  • Number Of Disposals: 5
  • Number of Ranges: 5
  • Number Of Refrigs: 5
  • Number Of Stories: 3
  • Estimated Year Built: 1940
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1940

Exterior Features

  • Exterior Building Type: Brick
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 5

Utilities

  • Air Conditioner: Central Air
  • Heatventilation: Forced Air, Gas
  • Water Expense: 600

Condo/Co-op/Association

  • Units in Building: 5
  • Manager Expense: 7000

Fee Information

  • Electricity Expense: 600
  • Electrical Service: 201-600 Amps
  • Janitor Expense: 1500

Lot Info

  • Lot Dimensions: 25X123
  • Lot Sq Ft: 3075
  • Parcel Identification Number: 14293080180000

Rental Info

  • Gross Rental Income: 163080
  • Tenant Pays: Air Conditioning, Electric, Heat

Multi Family

  • Gross Rent Multiplier: 12
  • Insurance Expense: 4100
  • Number Of Dishwashers: 5
  • Number Of Dryers: 5
  • Number Of Washers: 5

Tax Info

  • Taxes: 21610

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2019
Closed on
Jul 24, 2019
Sold by
1314 Lp Llc
Bought by
Golden Lotus Llc
Seller's Agent
Brian Ruff
Coldwell Banker Real Estate Group
Buyer's Agent
Aphisak Seriruk
Baird & Warner
List Price
$2,095,000
Sold Price
$1,930,000
Premium/Discount to List
-$165,000
-7.88%
Current Estimated Value
$2,262,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$332,402
Avg. Annual Appreciation
2.57%
Original Mortgage
$965,000
Outstanding Balance
$413,704
Interest Rate
3.8%
Mortgage Type
Commercial
Estimated Equity
$1,848,698

Purchase Details

Closed on
Mar 12, 2019
Sold by
Dssg 13 Llc
Bought by
1314 Lp Llc

Purchase Details

Closed on
Nov 29, 2016
Sold by
Chicago Title Land Trust Co
Bought by
Dssg 13 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
3.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 3, 2000
Sold by
American National Bk & Tr Co Of Chicago
Bought by
American National Bk & Tr Co Of Chicago and Trust #125583-00

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$593,335
Interest Rate
7.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 13, 1999
Sold by
Athey Robert L
Bought by
American National Bk & Tr Co Of Chicago and Trust #108339-03

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
7.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 9, 1998
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Athey Robert L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
7.75%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Golden Lotus Llc $1,930,000 Chicago Title
1314 Lp Llc -- None Available
Dssg 13 Llc $2,000,000 None Available
American National Bk & Tr Co Of Chicago -- --
American National Bk & Tr Co Of Chicago -- --
Athey Robert L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Golden Lotus Llc $965,000
Previous Owner Dssg 13 Llc $1,500,000
Previous Owner American National Bk & Tr Co Of Chicago $593,335
Previous Owner Athey Robert L $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/24/2019 07/24/19 Sold $1,930,000 -7.9% --
05/17/2019 05/17/19 Pending -- -- --
04/17/2019 04/17/19 For Sale $2,095,000 -- --
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
2024 $25,734 $166,000 $57,195 $108,805
2023 $25,942 $121,970 $46,125 $75,845
2022 $25,942 $126,125 $46,125 $80,000
2021 $25,363 $126,125 $46,125 $80,000
2020 $21,782 $97,777 $22,140 $75,637
2019 $26,343 $131,119 $22,140 $108,979
2018 $25,900 $131,119 $22,140 $108,979
2017 $7,503 $34,856 $19,680 $15,176
2016 $19,140 $95,564 $19,680 $75,884
2015 $17,512 $95,564 $19,680 $75,884
2014 $15,251 $82,198 $16,605 $65,593
2013 $14,950 $82,198 $16,605 $65,593
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10349703

Midwest Real Estate Data (MRED)

APN: 14-29-308-018-0000