NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
1910 Built

Last Sold November 07, 2024

Last sale price $670,000

447 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating System
  • 2-minute walk to Chestnut Park

About This Home

As of November 2024

We Can't Wait For You To See This Woodlawn Gem! This 8 Unit Muti-family Is Just Minutes From The New Obama Center, 20 Minutes From Downtown Chicago And Is A Great Income Property With Tremendous Value. All Units Are 2Bed 1bath, Have Hardwood Floors And Stainless Steel Appliances. Four Units Have Separate Living And Dining Rooms. With Coils Set Up For Central A/C, Separate Furnaces And Hot Water Tanks This Is An Investors Dream. With 6 units Available For Immediate Occupancy And Stable Tenants In The Others, Don't Miss This Great Investment Opportunity...Schedule Your Showing Today!

Last Agent to Sell the Property

John Holmes

Realty of America, LLC License #475200797 Listed on: 03/28/2023

Realty of America, LLC

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,847

Year Built

  • Built in 1910

Lot Details

  • Corner Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Exterior Basement Entry

Utilities

  • No Cooling
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $6,500
  • Insurance Expense $5,000
  • Maintenance Expense $2,500
  • Trash Expense $3,600
  • Water Sewer Expense $3,600
  • Operating Expense $32,783
  • Gross Income $87,672
  • Net Operating Income $54,889

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,847

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 2
  • Year Built: 1910
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Description: Unfinished
  • Fireplaces: 0
  • Dishwashers: 0
  • Refrigerators: 8
  • Ranges: 8
  • Number of Washers: 0
  • Room: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Utilities

  • Cooling: None
  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 3600
  • Water Sewer Expenses: 3600

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 5760
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat, Other
  • Board Number: 8
  • Tenancy Type: Leases

Building Info

  • Building Unit Info: No Units Furnished

Multi Family

  • Net Operating Income: 54889
  • Insurance Expense: 5000
  • ElectricExpense: 6500
  • GrossIncome: 87672
  • Maintenance Expense: 2500
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 32783
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 11847
  • Tax Year: 2022
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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
11/07/2024 11/07/24 Sold $670,000 0.0% --
11/05/2024 11/05/24 Off Market $670,000 -- --
06/18/2024 06/18/24 Pending -- -- --
06/14/2024 06/14/24 Off Market $670,000 -- --
03/30/2024 03/30/24 Price Changed $712,500 -1.0% --
03/16/2024 03/16/24 Price Changed $720,000 -1.4% --
03/04/2024 03/04/24 Price Changed $730,000 -1.4% --
02/14/2024 02/14/24 Price Changed $740,000 -0.1% --
02/02/2024 02/02/24 Price Changed $740,999 -0.1% --
01/23/2024 01/23/24 Price Changed $741,500 -0.3% --
01/05/2024 01/05/24 Price Changed $743,500 -0.2% --
12/18/2023 12/18/23 Price Changed $745,000 -0.1% --
11/10/2023 11/10/23 Price Changed $745,500 -0.2% --
11/08/2023 11/08/23 Price Changed $747,000 -0.1% --
11/01/2023 11/01/23 Price Changed $747,900 -0.1% --
10/25/2023 10/25/23 Price Changed $749,000 -0.1% --
10/24/2023 10/24/23 For Sale $749,500 0.0% --
10/08/2023 10/08/23 Pending -- -- --
08/31/2023 08/31/23 Price Changed $749,500 -0.1% --
08/01/2023 08/01/23 Price Changed $750,000 -1.3% --
07/10/2023 07/10/23 Price Changed $760,000 -0.3% --
06/21/2023 06/21/23 Price Changed $762,000 -0.4% --
05/24/2023 05/24/23 Price Changed $765,000 -0.5% --
05/08/2023 05/08/23 Price Changed $769,000 -0.8% --
03/28/2023 03/28/23 For Sale $775,000 -- --
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 $12,196 $66,300 $7,200 $59,100
2024 $12,196 $77,100 $7,200 $69,900
2023 $11,847 $57,600 $5,184 $52,416
2022 $11,847 $57,600 $5,184 $52,416
2021 $11,583 $57,600 $5,184 $52,416
2020 $8,753 $39,290 $5,184 $34,106
2019 $7,894 $39,290 $5,184 $34,106
2018 $5,019 $25,409 $5,184 $20,225
2017 $5,815 $27,012 $4,320 $22,692
2016 $4,512 $22,526 $4,320 $18,206
2015 $4,852 $26,477 $4,320 $22,157
2014 $4,547 $24,506 $4,320 $20,186
2013 $6,348 $34,905 $4,320 $30,585
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11746656

Midwest Real Estate Data (MRED)

APN: 20234160010000