NOT LISTED FOR SALE

14001 S Torrence Ave Chicago, IL 60633

41 Beds
21 Baths
-- Sq Ft
1978 Built

Sale Details

Date Sold: October 28, 2020

Last sale price $280,000 $0 Per Sq Ft

8 Days on Market

About This Home

As of October 2020

This is a very well maintained Burnham 6-flat. One owner for over 30 years. All the units have been updated with laminate flooring in bedrooms, living room and halls, ceramic in the kitchens. Tall units have patio/balconies. All units have self contained heat and air conditioning. This is an all electric building and tenants pay their own electric. Each unit has range/oven and refrigerator. Laundry room on the main level with coin-op washer + dryer ($150 per month average income). Each unit has 2 parking spaces...building upgrades, roof 2007, new carpet in hallway, professionally landscaped...convenient area. Walk to shopping, parks and public transportation.

Last Agent to Sell the Property

Mike Buder

Re/Max 10 License #475131068 Listed on: 08/04/2020

Re/Max 10

Last Buyer's Agent

Dennis Brim

Prestige Partners Realty, Inc. License #471011823

Property Details

Home Type

  • Multi-Family

Year Built

  • 1978

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Utilities

  • Window Unit Cooling System

Community Details

  • Insurance Expense $2,552

Listing and Financial Details

  • Tenant pays for air conditioning, electric, hot water
  • $1,200 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1978

Listing Details

  • Property Type: Multi Family 5+
  • Current Use: Residential-Multi-Family
  • Ownership Type: Individual
  • Potential Use: Residential-Multi-Family
  • Utilities To Site: Sanitary Sewer to Site, Water-Municipal
  • Zoning Type: COMMR
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2019
  • Net Oper Income: 40299
  • Outdoor Parking: 6-12 Spaces
  • Roof Coverings: Shingle Composition
  • Roof Structure: Pitched
  • Scavenger Expense: 1320
  • Total Annual Exp: 20949
  • Total Annual Income: 61248
  • Total Monthly Income: 5104
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Window A C: 6
  • Number Of Stories: 3
  • Estimated Year Built: 1978
  • Type Multi Family: Corridor-Interior Entrance, Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1978

Interior Features

  • Basement: Slab

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick
  • Frontage Access: Public Road

Garage/Parking

  • Number Of Parking Spaces: 12

Utilities

  • Air Conditioner: Window Unit/s
  • Fire Protection: Fire Extinguisher/s
  • Heatventilation: Electric, Baseboard, Separate Per Unit
  • Water Expense: 1260

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 600
  • Electrical Service: Circuit Breakers

Lot Info

  • Lot Dimensions: 60 X 115
  • Lot Sq Ft: 7793
  • Land Amenities: Curbs and Gutters, Lighting/Exterior, Sidewalks
  • Parcel Identification Number: 30061140450000

Rental Info

  • Gross Rental Income: 4954
  • Tenant Pays: Air Conditioning, Electric, Hot Water

Multi Family

  • Expense Year: 2019
  • Insurance Expense: 2552
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 15217
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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 List to Sale Price per Sq Ft
10/28/2020 10/28/20 Sold $280,000 +7.7% --
08/12/2020 08/12/20 Pending -- -- --
08/04/2020 08/04/20 For Sale $259,909 -- --
Source: Midwest Real Estate Data (MRED)

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
2025 $16,929 $31,000 $3,507 $27,493
2024 $16,929 $31,000 $3,507 $27,493
2023 $17,359 $31,000 $3,507 $27,493
2022 $17,359 $24,002 $3,117 $20,885
2021 $16,942 $24,001 $3,117 $20,884
2020 $15,485 $24,001 $3,117 $20,884
2019 $15,216 $22,286 $2,922 $19,364
2018 $14,634 $22,286 $2,922 $19,364
2017 $15,175 $25,669 $2,922 $22,747
2016 $13,592 $22,941 $2,727 $20,214
2015 $12,430 $22,941 $2,727 $20,214
2014 $11,988 $22,941 $2,727 $20,214
2013 $12,061 $25,320 $2,727 $22,593
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10806209

Midwest Real Estate Data (MRED)

APN: 30061140450000

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