NOT LISTED FOR SALE

1422 W School St Chicago, IL 60657

Southport Corridor Neighborhood
6 Beds
3 Baths
-- Sq Ft
3,049 Sq Ft Lot

Last Sold June 21, 2022

Last sale price $1,250,000

21 Days on Market

Highlights

  • Brownstone
  • 3-minute walk to Southport Station
  • 2 Car Detached Garage
  • Hamilton Elementary School Rated A-
  • Deck
  • 4-minute walk to Margaret Donahue Park

About This Home

As of June 2022

This property offers stable returns while offering buyers an opportunity to unlock additional value by duplexing down and/or adding an ADU unit. All of the units are renovated with in-unit laundry, central heat and AC, modern kitchens with dishwashers, and updated bathrooms. The garage offers a bonus workshop space off the two-car garage. Located within North Zone ADU pilot area, talk to your architect and attorney about the possibility of adding another unit or coach house. This is a prime opportunity to acquire a stately three-flat in Chicago's highly prized Southport Corridor neighborhood. Located just a 5-minute walk to the Southport brown line stop.

Last Agent to Sell the Property

Steven Rapoport

Chicago Real Estate Resources License #471006648 Listed on: 04/13/2022

Last Buyer's Agent

Tim Scannell

Pearson Realty Group License #471003149

Pearson Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,385

Year Built

  • Built in 1897 | Remodeled in 2015

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 25x125

Parking

  • 2 Car Detached Garage
  • Garage ceiling height seven feet or more
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brownstone
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Deck

Community Details

  • 3 Units
  • Gross Income $88,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,385

Year Built

Built in 1897 | Remodeled in 2015

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Brownstone
  • New Construction: No
  • Year Built: 1897
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2015
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2015

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Laundry Hook-Up
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Laundry Hook-Up,Range Hood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Laundry Hook-Up

Exterior Features

  • ExteriorFeatures: Deck
  • List Price: 1300000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s),7 Foot or more high garage door
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.07
  • Lot Dimensions: 25X125
  • Zoning: OTHER
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • GrossIncome: 88200
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 17385
  • Tax Year: 2020
  • Tax Exemptions: None

Range of Values:

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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 Change Sq Ft Price
06/21/2022 06/21/22 Sold $1,250,000 -3.8% --
05/05/2022 05/05/22 Pending -- -- --
04/13/2022 04/13/22 For Sale $1,300,000 +33.3% --
07/31/2013 07/31/13 Sold $975,000 -11.4% --
06/15/2013 06/15/13 Pending -- -- --
06/04/2013 06/04/13 For Sale $1,100,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steven Rapoport

    Seller's Agent in 2022

    Steven Rapoport

    Chicago Real Estate Resources

    (847) 863-2707

    1 in this area

    27 Total Sales

    Steven Rapoport
    Section Image
  • Tim Scannell

    Buyer's Agent in 2022

    Tim Scannell

    Pearson Realty Group

    (312) 952-3100

    1 in this area

    8 Total Sales

    Tim Scannell
    Section Image
  • Matt Shrake

    Seller's Agent in 2013

    Matt Shrake

    Coldwell Banker Real Estate Group

    (773) 294-2667

    1 in this area

    133 Total Sales

    Matt Shrake
    Section Image
  • Stephanie Wesson

    Buyer's Agent in 2013

    Stephanie Wesson

    @ Properties

    (773) 306-8700

    95 Total Sales

    Stephanie Wesson
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11373731

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60657 Southport Corridor

1422 W School St, Chicago, IL

This home is located at 1422 W School St, Chicago, IL 60657 since 13 April 2022. This property was built in 1897. 1422 W School St is a home located in Cook County with nearby schools including Hamilton Elementary School, Lake View High School, and Saint Luke Academy.

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