NOT LISTED FOR SALE

1341 W Wrightwood Ave Chicago, IL 60614

Lincoln Park Neighborhood

Estimated Value: $1,503,000 - $1,628,130

5 Beds
3 Baths
3,777 Sq Ft
$411/Sq Ft Est. Value

Sale Details

Date Sold: October 19, 2021

Last sale price $820,000 $217 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $10,795 / mo

66 Days on Market

About This Home

As of October 2021

First time on the market in 30 years! Rare opportunity to own a well maintained brick building on tree lined Wrightwood in Lincoln Park. It's a great option for an owner occupant or an armchair investment. This stately building is composed of three apartments: a 1/1 garden unit and two 2/1's above; all feature unusually large bedrooms spacious enough to accommodate queen sized beds and dressers. The two upper units feature vintage stained glass, original brickwork, and gracious living areas with large separate dining rooms. The kitchens have been updated with dishwashers and some newer appliances, and bathrooms are updated as well. Ready to go as it is or make a few value-add improvements to drive the GRI close to $100K. Units rent effortlessly and quickly with minimal marketing. The garden unit is currently occupied by a MTM tenant, the other two apartments are vacant. Parking pad behind the building can fit 6 cars in 3 tandem spots. Shared laundry and storage on the garden level, and a laundry hook up installed in the top floor. Separate electric meters, shared water heater and boiler heat. Window AC units included, windows have been updated. Outstanding opportunity in an A+++ location!!

Last Agent to Sell the Property

Frank Vihtelic

Coldwell Banker Real Estate Group License #475156861 Listed on: 09/03/2020

Coldwell Banker Real Estate Group

Co-Listed By

Colleen Vihtelic

Coldwell Banker Real Estate Group License #471020730

Last Buyer's Agent

Tom Moran

@properties Christie's International Real Estate License #475133339

@properties Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Year Renovated

  • 2005

Lot Details

  • 3,049

Home Design

  • Brick Exterior Construction

Parking

  • Uncovered Parking
  • On-Site Parking
  • Parking Included in Price

Additional Features

  • Partially Finished Basement

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Year Renovated

2005

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Property Type: Two to Four Units
  • Property Type: Residential Income
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2005
  • Co List Office Mls Id: MRD16240
  • Co List Office Phone: (312) 492-7900
  • Directions: From Southport, head south on Wrightwood to building.
  • Lot Size: 25X125
  • New Construction: No
  • Ownership: Fee Simple
  • MRD_AP1: Stove,Refrigerator,Washer,Dryer,Dishwasher
  • MRD_AP2: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave
  • MRD_AP3: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2005

Interior Features

  • Has Basement: Full
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms: 3
  • Possible Bedrooms: 5
  • Total Bedrooms: 5
  • Dining Room Type: Utility Room-Lower Level

Exterior Features

  • Exterior Building Type: Brick
  • Waterfront: No

Garage/Parking

  • Parking Features: Parking Lot
  • Number of Cars: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned
  • Total Parking Spaces: 6

Utilities

  • Heating: Radiant
  • Sewer: Public Sewer
  • Water Source: Lake Michigan, Public

Fee Information

  • Trash Expense Year: 2019
  • Annual Fuel Expense: 2045
  • Trash Expense: 1200
  • Annual Water Sewer Expense: 1200

Schools

  • Junior High Dist: 299
  • Middle Or Junior School: Prescott Elementary School

Lot Info

  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat
  • Annual Gross Income: 72000
  • Insurance Expense: 1773

Tax Info

  • Tax Annual Amount: 22040
  • Tax Year: 2019

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2023
Sold by
Bought by
Current Estimated Value
$1,551,783

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Outstanding Balance
$637,691
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
$914,092

Purchase Details

Closed on
Mar 3, 2023
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,249,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2022
Sold by
Bought by

Purchase Details

Closed on
Sep 16, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
5.63%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 3, 2020
Closed on
Oct 18, 2021
Sold by
Bought by
Seller's Agent
Frank Vihtelic
Coldwell Banker Real Estate Group
Buyer's Agent
Tom Moran
@properties Christie's International Real Estate
Sold Price
$820,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.64%
Original Mortgage
$511,000
Interest Rate
3.25%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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 Buyer Sale Price Title Company
$1,520,000 None Listed On Document
$1,249,000 Chicago Title
$1,249,000 Chicago Title
$1,375,000 Chicago Title
$1,375,000 Chicago Title
$805,000 Chicago Title
$802,000 Truly Title
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $650,000
Previous Owner $1,249,000
Previous Owner $460,000
Previous Owner $511,000
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
10/19/2021 10/19/21 Sold $820,000 -8.9% $217 / Sq Ft
11/09/2020 11/09/20 For Sale -- -- --
11/08/2020 11/08/20 Pending -- -- --
09/03/2020 09/03/20 For Sale $899,900 -- $238 / Sq Ft
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 $29,540 $140,026 $23,732 $116,294
2024 $29,540 $140,026 $23,732 $116,294
2023 $17,096 $140,006 $19,139 $120,867
2022 $17,096 $83,118 $46,875 $36,243
2021 $16,128 $80,200 $46,875 $33,325
2020 $21,994 $98,729 $22,500 $76,229
2019 $22,040 $109,699 $22,500 $87,199
2018 $21,669 $109,699 $22,500 $87,199
2017 $19,178 $89,088 $20,000 $69,088
2016 $17,843 $89,088 $20,000 $69,088
2015 $16,325 $89,088 $20,000 $69,088
2014 $12,164 $65,561 $16,875 $48,686
2013 $11,924 $65,561 $16,875 $48,686
Source: Public Records

Agents Affiliated with this Home

  • Frank Vihtelic

    Seller's Agent in 2021

    Frank Vihtelic

    Coldwell Banker Real Estate Group

    (312) 451-7903

    1 in this area

    23 Total Sales

    Frank Vihtelic
    Section Image
  • Colleen Vihtelic

    Seller Co-Listing Agent in 2021

    Colleen Vihtelic

    Coldwell Banker Real Estate Group

    (773) 255-5837

    1 in this area

    19 Total Sales

    Colleen Vihtelic
    Section Image
  • Tom Moran

    Buyer's Agent in 2021

    Tom Moran

    @ Properties

    (773) 592-2468

    13 in this area

    64 Total Sales

    Tom Moran
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10846073

Midwest Real Estate Data (MRED)

APN: 14-29-314-022-0000

Illinois Cook County Chicago 60614 Lincoln Park

1341 W Wrightwood 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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