NOT LISTED FOR SALE

14001 S Torrence Ave Chicago, IL 60633

Burnham Area
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

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

Listed on
Aug 4, 2020
Closed on
Oct 22, 2020
Sold by
Bought by
Seller's Agent
Mike Buder
Re/Max 10
Buyer's Agent
Dennis Brim
Prestige Partners Realty, Inc.
List Price
$259,909
Sold Price
$280,000
Premium/Discount to List
$20,091
7.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
0.028%
Mortgage Type
Commercial
Source: Public Records
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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
$280,000 Landtrust National 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
Previous Owner $210,000
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
10/28/2020 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

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 $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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