NOT LISTED FOR SALE
13 Beds
6 Baths
3,934 Sq Ft
1891 Built

Last Sold November 23, 2020

Last sale price $1,025,000 $261 Per Sq Ft

77 Days on Market

About This Home

As of November 2020

The front building houses a 5 bed/2 bath duplex down unit and a 3 bed/1 bath simplex, while the coach house houses a 3 bed/2 bath duplex down and a 2 bed/1 bath simplex. A majority of the apartments have been previously renovated with new kitchens and bathrooms. These units feature black or stainless steel appliances, granite countertops, and central HVAC. The property is conveniently located approximately 1/2 mile from the Wellington, Southport & Belmont CTA Stations. Quick access to all three CTA stations provides tenants access to the Red, Brown, and Purple Lines. 1324 West Barry Avenue sits in a prime location in Lakeview as the property is close to public transportation, as well as an endless stream of restaurants, bars, shopping, and entertainment options. This property provides an investor with a partial value-add opportunity by raising the current rents to market levels in a great neighborhood with a large and consistent rental market.

Last Agent to Sell the Property

Nicholas Apostal

Keller Williams ONEChicago License #471017557 Listed on: 08/03/2020

Keller Williams ONEChicago

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,686

Year Built

  • Built in 1891

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 13 Potential Bedrooms
  • 6 Bathrooms

Utilities

  • Individual Controls for Heating

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $3,745
  • Professional Management Expense $447
  • Gross Income $115,960
  • Net Operating Income $85,770

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,686

Year Built

Built in 1891

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Professional Management Expense: 447
  • Year Built: 1891
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 6
  • Total Bedrooms: 13
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 6
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Disposal,Central Air Conditioner,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Disposal,Central Air Conditioner,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Disposal,Central Air Conditioner,Window Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Disposal,Central Air Conditioner,Window Air Conditioner
  • Room: 3

Exterior Features

  • List Price: 1250000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Indv Controls
  • Water Source: Public

Schools

  • Middle/Junior School District: 299

Lot Info

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

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas

Multi Family

  • Net Operating Income: 85770
  • Insurance Expense: 3745
  • GrossIncome: 115960
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: Coach House,Duplex Side by Side

Tax Info

  • Tax Annual Amount: 14685.85
  • Tax Year: 2018

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
11/23/2020 11/23/20 Sold $1,025,000 -18.0% $261 / Sq Ft
10/19/2020 10/19/20 Pending -- -- --
10/19/2020 10/19/20 For Sale $1,250,000 +22.0% $318 / Sq Ft
10/12/2020 10/12/20 Off Market $1,025,000 -- --
10/09/2020 10/09/20 For Sale $1,250,000 0.0% $318 / Sq Ft
09/22/2020 09/22/20 Pending -- -- --
08/03/2020 08/03/20 For Sale $1,250,000 -- $318 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10804998

Midwest Real Estate Data (MRED)

APN: 14291060280000