NOT LISTED FOR SALE

1316 N Western Ave Unit 200 Chicago, IL 60622

Wicker Park Neighborhood

Estimated Value: $1,127,822 - $1,288,000

10 Beds
5 Baths
-- Sq Ft
2,614 Sq Ft Lot

Last Sold October 01, 2015

Last sale price $815,000

Est. 48% increase in value since last sale

Current estimated payment $7,768/month

62 Days on Market

About This Home

As of October 2015

Massive 6-unit all brick building with huge cash flow potential! 5 2bed/1bath units & 1 com-store front. All hardwood floors & 100% occupied. Currently rented far below market value due to long-term tenants. Features separate water heaters, electric & gas meters. Central A/C in 5 of 6 units. Currently brings in $76k/annually; should be $108k/annually with some updates. Coin washer/dryer. Common sun deck on roof!

Last Agent to Sell the Property

Steve Zaleski

Compass License #475159790 Listed on: 06/11/2015

Compass

Last Buyer's Agent

Alberto Gonzalez

EXIT Strategy Realty License #475155143

EXIT Strategy Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,847

Year Built

  • 1895

Lot Details

  • 2,614

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Slab Foundation

Utilities

  • Central Air

Additional Features

  • Unfinished Basement

Community Details

  • Insurance Expense $3,000

Listing and Financial Details

  • Tenant pays for air conditioning, electric, heat

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,847

Year Built

1895

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Limited Liability Corp
  • Potential Use: Commercial, Residential-Multi-Family, Residential-Single Family, Retail
  • Utilities To Site: Sanitary Sewer to Site, Water to Site
  • Zoning Type: COMMR
  • Estimated Age: Older
  • Net Oper Income: 59300
  • Outdoor Parking: None On Site
  • Repairs Decor Expense: 3000
  • Roof Structure: Flat
  • Scavenger Expense: 600
  • Total Annual Exp: 5000
  • Total Annual Income: 77196
  • Total Monthly Income: 6308
  • Number of Ranges: 5
  • Number Of Refrigs: 5
  • Number Of Stories: 3
  • Estimated Year Built: 1895
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1895

Interior Features

  • Basement: Unfinished

Exterior Features

  • Foundation: Brick, Concrete
  • Exterior Building Type: Brick
  • Acreage: 0.06
  • Construction: Brick, Concrete
  • Frontage Access: City Street

Utilities

  • Air Conditioner: Central Air, Central Individual
  • Fire Protection: Fire Extinguisher/s
  • Heatventilation: Central Heat/Indiv Controls, Wall Unit
  • Water Expense: 1200

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 480
  • Electrical Service: Fuses, Separate Meters

Lot Info

  • Lot Dimensions: 25 X 110
  • Lot Sq Ft: 2725
  • Parcel Identification Number: 16012210400000

Rental Info

  • Gross Rental Income: 75696
  • Tenant Pays: Air Conditioning, Electric, Heat

Multi Family

  • Expense Year: 2014
  • Insurance Expense: 3000
  • Number Of Dishwashers: 3
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 6800.51

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2015
Closed on
Sep 28, 2015
Sold by
Chicago 30 Llc
Bought by
Chicago Title Land Trust Co and Trust #8002369020
Seller's Agent
Steve Zaleski
Compass
Buyer's Agent
Alberto Gonzalez
EXIT Strategy Realty
List Price
$930,000
Sold Price
$815,000
Premium/Discount to List
-$115,000
-12.37%
Current Estimated Value
$1,207,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$392,911
Avg. Annual Appreciation
4.04%
Original Mortgage
$566,250
Interest Rate
2.44%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 31, 2006
Sold by
Cintron Raymond and Cintron Rosa
Bought by
Killian Ari

Purchase Details

Closed on
Jul 5, 2005
Sold by
Winston Mark J
Bought by
Chicago 30 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 16, 2000
Sold by
Winston Mark
Bought by
Winston Mark J and The Mark J Winston Living Trust

Purchase Details

Closed on
Jul 7, 2000
Sold by
Cosmopolitan Bank & Trust
Bought by
Winston Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$692,000
Interest Rate
9.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 29, 1999
Sold by
Doyle Eamon and Robinson James M
Bought by
Cosmopolitan Bank & Trust and Trust #30951

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
9%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 10, 1998
Sold by
Zelek Josephine
Bought by
Zelek Josephine and Josephine Zelek Living Trust

Purchase Details

Closed on
Oct 23, 1996
Sold by
Rodriguez Rosa Maria and Colon Ernesto
Bought by
Rodriguez Rosa Maria and Cintron Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
8.26%
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
Chicago Title Land Trust Co -- Chicago Title Land Trust Co
Chicago Title Land Trust Co $815,000 Chicago Title Land Trust Co
Killian Ari $310,000 Rtc
Chicago 30 Llc $555,000 Multiple
Winston Mark J -- --
Winston Mark -- Professional National Title
Cosmopolitan Bank & Trust -- --
Robinson James M $240,000 --
Zelek Josephine -- --
Rodriguez Rosa Maria -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chicago Title Land Trust Company $4,684,963
Closed Chicago Title Land Trust Co $300,000
Closed Chicago Title Land Trust Co $566,250
Closed Chicago Title Land Trust Co $168,750
Closed Chicago Title Land Trust Co $611,250
Previous Owner Chicago 30 Llc $444,000
Previous Owner Chicago 30 Llc $200,000
Previous Owner North Artesian Llc $1,508,400
Previous Owner Chicago 30 Llc $444,000
Previous Owner Winston Mark J $412,500
Previous Owner Winston Mark J $360,000
Previous Owner Winston Mark $692,000
Previous Owner Cintron Raymond $96,000
Previous Owner Cosmopolitan Bank & Trust $220,000
Previous Owner Rodriguez Rosa Maria $52,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2015 10/01/15 Sold $815,000 -12.4% --
08/12/2015 08/12/15 Pending -- -- --
06/11/2015 06/11/15 For Sale $930,000 -- --
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 $14,847 $93,455 $15,260 $78,195
2023 $14,430 $70,157 $12,263 $57,894
2022 $14,430 $70,157 $12,263 $57,894
2021 $14,108 $70,156 $12,262 $57,894
2020 $11,019 $49,464 $6,948 $42,516
2019 $11,293 $56,210 $6,948 $49,262
2018 $10,258 $51,932 $6,948 $44,984
2017 $10,529 $48,910 $6,131 $42,779
2016 $9,796 $48,910 $6,131 $42,779
2015 $8,963 $48,910 $6,131 $42,779
2014 $6,801 $36,653 $5,450 $31,203
2013 $6,666 $36,653 $5,450 $31,203
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08950242

Midwest Real Estate Data (MRED)

APN: 16-01-221-040-0000