1401 W Hubbard St Chicago, IL 60642
West Town NeighborhoodEstimated Value: $1,925,000 - $2,189,844
11
Beds
7
Baths
2,000
Sq Ft
$1,029/Sq Ft
Est. Value
Highlights
- Storage Room
- Forced Air Heating and Cooling System
- 4-minute walk to Mineral Wells City Park
About This Home
As of February 2016SPECTACULAR CITY VIEWS FROM THIS POPULAR RIVER WEST LOCATION ! THIS 5 UNIT INVESTMENT OFFERS 3 HUGE (APPROXIMATELY 3000 SQ FT) UNITS . COMPLETELY REHABBED THIS SPACE WILL ACCOMMODATE LARGE FURNISHINGS & ARTWORK AND INCLUDES SEPARATE PRIVATE LAUNDRY AREAS FOR EACH UNIT. ALL ARE LAID OUT EQUALLY. THE 1ST FLOOR HAS 2 UNITS ,(ONE SMALLER OFFICE UNIT AND ONE 1 BEDROOM APARTMENT.) LARGE FREIGHT ELEVATOR AND LOADING DOCK WITH CURB CUT ON 1ST FLR.LENDS ITSELF TO BUSINESS / RESTAURANT ZONED B1-3. PERFECT FOR OWNER OCCUPIER / INVESTOR. (3RD FLOOR UNIT IS M/M.) LARGE ROOFTOP WITH WALK-UP ACCESS OFFERS FULL PANORAMIC VIEWS OF THE CITY. POSSIBILITIES ARE ENDLESS ! MAKE THIS YOUR NEXT HOME ! ENJOY ALL THAT THE CITY HAS TO OFFER !
Last Agent to Sell the Property
Baird & Warner License #471009603 Listed on: 11/03/2015
Last Buyer's Agent
Steve Sannikov
One Chicago Realty, LLC
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,670
Year Built
- Built in 1885
Lot Details
- 2,614 Sq Ft Lot
- Lot Dimensions are 30 x 100
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- 4-Story Property
- Storage Room
- Unfinished Basement
Bedrooms and Bathrooms
- 11 Bedrooms
- 7 Bathrooms
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for electricity, heat, varies by tenant
Community Details
Building Details
- Electric Expense $1,200
- Fuel Expense $1,375
- Insurance Expense $5,239
- Maintenance Expense $1,120
- Other Expense $2,045
- Trash Expense $1,200
- Water Sewer Expense $1,500
- Operating Expense $13,359
- Gross Income $8,100
- Net Operating Income $67,171
Additional Features
- 5 Units
- Service Elevator
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 3, 2015
Closed on
Feb 5, 2016
Sold by
Chicago Title Land Trust Company
Bought by
Saxony Hubbard Llc
Seller's Agent
Joan Brennock
Baird & Warner
Buyer's Agent
Steve Sannikov
One Chicago Realty, LLC
List Price
$1,650,000
Sold Price
$1,400,000
Premium/Discount to List
-$250,000
-15.15%
Total Days on Market
49
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$657,422
Avg. Annual Appreciation
4.21%
Original Mortgage
$1,320,000
Interest Rate
3.95%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 29, 2006
Sold by
Chicago Title Land Trust Co
Bought by
Chicago Title Land Trust Co and Trust #01-1378
Purchase Details
Closed on
May 2, 2005
Sold by
Lane Exchange Llc
Bought by
Lasalle Bank Na and Trust #10-33252-09
Purchase Details
Closed on
Oct 12, 2004
Sold by
Chicago Title Land Trust Co
Bought by
Lane Exchange Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,824
Interest Rate
5.81%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 21, 2001
Sold by
Ziol Matthew G and Ziol Lauren
Bought by
Chicago Title Land Trust Company and Trust #1109890
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
7.14%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 16, 1998
Sold by
Prairie Bank & Trust Company
Bought by
Ziol Matthew G and Ziol Donald D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,000
Interest Rate
8%
Mortgage Type
Commercial
Purchase Details
Closed on
May 23, 1997
Sold by
Cole Taylor Bank
Bought by
Prairie Bank & Trust Company and Trust #97-041
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
5%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 30, 1993
Sold by
Chicago Title & Trust Company
Bought by
Cole Taylor Bank and Trust #93-2068
Similar Homes in Chicago, IL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Saxony Hubbard Llc | $1,375,000 | Chicago Title Land Trust Co | |
| Chicago Title Land Trust Co | $1,500,000 | 1St American Title | |
| Lasalle Bank Na | -- | First American Title Ins Co | |
| Lane Exchange Llc | $1,225,000 | Multiple | |
| Chicago Title Land Trust Company | -- | -- | |
| Ziol Matthew G | $700,000 | -- | |
| Prairie Bank & Trust Company | $545,000 | -- | |
| Cole Taylor Bank | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Saxony Hubbard Llc | $1,646,000 | |
| Closed | Saxony Hubbard Llc | $1,320,000 | |
| Previous Owner | Lane Exchange Llc | $180,824 | |
| Previous Owner | Lane Exchange Llc | $400,000 | |
| Previous Owner | Lane Exchange Llc | $580,000 | |
| Previous Owner | Chicago Title Land Trust Co | $470,000 | |
| Previous Owner | Chicago Title Land Trust Company | $460,000 | |
| Previous Owner | Ziol Matthew G | $374,000 | |
| Previous Owner | Prairie Bank & Trust Company | $440,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/05/2016 02/05/16 | Sold | $1,400,000 | -15.2% | $700 / Sq Ft |
| 12/22/2015 12/22/15 | Pending | -- | -- | -- |
| 11/03/2015 11/03/15 | For Sale | $1,650,000 | -- | $825 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $30,751 | $174,001 | $21,829 | $152,172 |
| 2023 | $30,751 | $149,000 | $17,580 | $131,420 |
| 2022 | $30,751 | $149,000 | $17,580 | $131,420 |
| 2021 | $30,061 | $149,000 | $17,580 | $131,420 |
| 2020 | $17,950 | $80,310 | $9,962 | $70,348 |
| 2019 | $18,190 | $90,237 | $9,962 | $80,275 |
| 2018 | $17,883 | $90,237 | $9,962 | $80,275 |
| 2017 | $19,234 | $89,040 | $8,790 | $80,250 |
| 2016 | $16,335 | $81,556 | $8,790 | $72,766 |
| 2015 | $16,316 | $89,040 | $8,790 | $80,250 |
| 2014 | $16,670 | $89,849 | $7,325 | $82,524 |
| 2013 | $16,341 | $89,849 | $7,325 | $82,524 |
Source: Public Records
Agents Affiliated with this Home
-
Joan Brennock
Seller's Agent in 2016
Joan Brennock
Baird Warner
(773) 386-4364
62 Total Sales
-
Buyer's Agent in 2016
Steve Sannikov
One Chicago Realty, LLC
(708) 502-3795
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 09078550
APN: 17-08-137-008-0000
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