NOT LISTED FOR SALE
9 Beds
6 Baths
8,300 Sq Ft
4,356 Sq Ft Lot

Sale Details

Date Sold: April 29, 2022

Last sale price $1,200,000 $145 Per Sq Ft

9 Days on Market

Highlights

  • 6 Fireplaces
  • Storage Room
  • Central Heating
  • Laundry Room

About This Home

As of April 2022

THIS BRICK WITH LIMESTONE ACCENTED BUILDING HAS APPROXIMATELY 8300 SQUARE FEET AND IT GENERATES A HEALTHY MONTHLY RENTAL INCOME FLOW. RECENT BUILDING IMPROVEMENTS INCLUDE A NEW WATER HEATER (FEB 2021), RECENTLY COMPLETED ROOF WORK (JULY 2021), UPGRADED ELECTRICAL, AND SEPARATE BREAKER BOXES. LOCATED IN CHICAGO'S THRIVING ANDERSONVILLE COMMUNITY - A MERE STONE'S THROW FROM ITS MAIN COMMERCIAL STRIP N. CLARK STREET - MEANS RENTING OUT THESE UNITS WILL ALWAYS BE A BREEZE. ARCHITECTURAL DETAILS ABOUND THROUGHOUT THE BUILDING AND INCLUDE: ORIGINAL WOOD PANELED COMMON FOYER; GRACEFUL COMMON HALLWAYS AND STAIRWELL WITH ORIGINAL NEWEL POSTS AND CHAIR RAIL DETAIL; ORIGINAL WOODWORK AND TRIM (UNPAINTED IN MOST UNITS); OAK AND MAPLE HARDWOOD FLOORING THROUGHOUT; PLUS BATHROOMS WITH ORIGINAL TILE SURROUND AND ORIGINAL MOSAIC TILE FLOORING. THREE OF THE BUILDING'S 6 UNITS ARE SOUTH-FACING JUMBO-SIZED TWO BEDROOM UNITS. THE OTHER 3 UNITS ARE OVERSIZED 1 BEDROOM NORTH-FACING UNITS. ALL UNITS FEATURE LARGE LIVING ROOMS WITH FUNCTIONING GAS FIREPLACES FLANKED WITH ORIGINAL BUILT-INS; LIGHT-FILLED AND HEATED SUN ROOMS; SEPARATE SPACIOUS DINING ROOMS WITH ORIGINAL BUILT-IN DETAILS; KITCHENS WITH OVERSIZED SEPARATE PANTRIES; AND BEDROOMS BIG ENOUGH TO ACCOMMODATE LARGER-SIZED BEDS. THE BUILDING'S GROUND LEVEL BASEMENT IS BRIGHT WITH SEVERAL LARGE WINDOWS AND NEARLY 9 FOOT TALL CEILINGS OFFERING ADDITIONAL BUILD OUT POSSIBILITIES. LOT IS EXTRA WIDE AT 40 FEET IN WIDTH WITH A LANDSCAPED COMMUNAL REAR YARD. YOUR TENANTS WILL APPRECIATE THAT THE ARGYLE CTA RED LINE AND LAWRENCE STREET METRA TRAIN STOPS ARE BOTH CLOSE BY AND THAT SEVERAL BUS ROUTES CRISS-CROSS THE COMMUNITY MAKING THIS LOCATION A COMMUTER'S PARADISE. UNIQUE SHOPPING, DINING AND NIGHTLIFE ARE JUST DOWN THE STREET ALONG N CLARK STREET. CHICAGO'S AMAZING LAKEFRONT WITH ITS BEACHES, BICYCLE/JOGGING PATHS, AND MILE AFTER MILE OF PUBLIC GREEN SPACE ARE ALL CLOSE BY AS WELL.

Last Agent to Sell the Property

Mario Greco

Compass License #475105845 Listed on: 03/06/2022

Compass

Co-Listed By

Peter Xantheas

Compass License #475153280

Last Buyer's Agent

Hector Castaneda

Open Path Realty License #471005429

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,810

Year Built

  • Built in 1916

Lot Details

  • 4,640 Sq Ft Lot
  • Lot Dimensions are 40x115

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 8,300 Sq Ft Home
  • 3-Story Property
  • 6 Fireplaces
  • Storage Room
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Unfinished Basement

  • Exterior Basement Entry
  • 9 Foot Basement Ceiling Height
  • Basement Storage

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Radiator
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $276
  • Fuel Expense $6,674
  • Insurance Expense $5,563
  • Trash Expense $1,505
  • Water Sewer Expense $2,100
  • Operating Expense $33,928
  • Gross Income $111,300
  • Net Operating Income $77,372

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,810

Year Built

Built in 1916

Lot Details

4,640 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1916
  • Built Before 1978 (Y/N): Yes
  • Information: Exclusions-Call List Office,List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 9
  • Fireplaces: 6
  • Possible Use: Multi-Family
  • Basement Description: Unfinished,Exterior Access,9 ft + pour,Storage Space
  • Misc Inside: Storage Inside,Laundry Room
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Dishwashers: 6
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Frontage Type: Public Road
  • Exterior Building Type: Brick,Limestone
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: None On Site

Utilities

  • Cooling: Window Unit(s)
  • Electric: Service - 0 to 100 Amps
  • Utilities: Water-Municipal
  • Heat/Ventilation: Central Bldg Heat,Radiators
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1505
  • Water Sewer Expenses: 2100

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 40X115
  • Lot Size Sq Ft: 4640
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Sidewalks

Rental Info

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

Building Info

  • BuildingAreaTotal: 8300

Multi Family

  • Net Operating Income: 77372
  • Fuel Expense: 6674
  • Insurance Expense: 5563
  • ElectricExpense: 276
  • GrossIncome: 111300
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 33928
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 17810
  • Tax Year: 2020
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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
04/29/2022 04/29/22 Sold $1,200,000 -2.0% $145 / Sq Ft
03/17/2022 03/17/22 Pending -- -- --
03/07/2022 03/07/22 For Sale $1,225,000 -- $148 / Sq Ft
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 $24,629 $120,000 $46,168 $73,832
2024 $24,629 $120,000 $46,168 $73,832
2023 $24,009 $116,730 $37,120 $79,610
2022 $24,009 $116,730 $37,120 $79,610
2021 $23,473 $116,730 $37,120 $79,610
2020 $17,810 $79,950 $22,272 $57,678
2019 $18,048 $89,832 $22,272 $67,560
2018 $20,847 $105,538 $22,272 $83,266
2017 $14,231 $66,107 $19,488 $46,619
2016 $13,240 $66,107 $19,488 $46,619
2015 $14,383 $78,489 $19,488 $59,001
2014 $11,654 $62,813 $14,848 $47,965
2013 $12,419 $68,281 $14,848 $53,433
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11340493

Midwest Real Estate Data (MRED)

APN: 14083100360000

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