NOT LISTED FOR SALE

1434 S Homan Ave Chicago, IL 60623

North Lawndale Neighborhood
12 Beds
4 Baths
-- Sq Ft
1901 Built

Last Sold October 05, 2021

Last sale price $470,000

4 Days on Market

Highlights

  • Gated Community
  • Property is near a park
  • Multiple Water Heaters
  • Deck
  • Fenced Yard
  • 2-minute walk to Independence Square Park

About This Home

As of October 2021

HUGE Fully Rehabbed within past few years 4 unit building located in opportunity zone just off Douglas BLVD. This building features 4 large 3 bedroom units gut rehabbed with high quality finishes including new Mechanical's, Bathrooms, Kitchens (granite counter-tops), Flooring, Doors, Tuck-pointing rear porch, Landscaping, etc. The building also features a massive basement that has already had plumbing and gas service added for an additional 2 units that ARE conforming to city code and zoning. This is an amazing opportunity to acquire a 4 unit with (residential financing) and add 2 additional units later for a huge increase in cashflow. Currently only one unit is vacant, very easy to rent. When fully occupied this building produces 10+% CAP!! Great opportunity to live in 1 unit while the other units pay your mortgage and collect a very nice cashflow every month OR rent all 4 and quit your day job while you collect on this cashcow! Conveniently located by Douglass blvd in proximity to downtown, Douglas Park, I-290, CTA pink line, blue line, bus routes restaurants, shopping and more.

Last Agent to Sell the Property

David Jaracz

Savvy Properties Inc License #471019217 Listed on: 07/28/2021

Last Buyer's Agent

Jose Melendres

EXIT Strategy Realty License #471006818

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,096

Year Built

  • Built in 1901 | Remodeled in 2018

Lot Details

  • Lot Dimensions are 50x124
  • Fenced Yard
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Potential Bedrooms
  • 4 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Multiple Water Heaters

Additional Features

  • Basement Fills Entire Space Under The House
  • Deck
  • Property is near a park

Community Details

Overview

  • 4 Units
  • Lawndale Subdivision

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,096

Year Built

Built in 1901 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Subdivision Name: Lawndale
  • Year Built: 1901
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2018
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2018

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 12
  • Other Equipment: CO Detectors, Multiple Water Heaters
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 6

Exterior Features

  • ExteriorFeatures: Deck
  • Foundation Details: Concrete Perimeter
  • List Price: 489900
  • Lot Features: Fenced Yard
  • OtherStructures: None
  • Roof: Tar and Gravel
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

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

Condo/Co-op/Association

  • Community Features: Park, Curbs, Gated, Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50X124
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: No
  • TenantPays: Electric,Gas,Heat

Tax Info

  • Tax Annual Amount: 4095.54
  • Tax Year: 2019
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Range of Values:

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Sold Price
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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
10/05/2021 10/05/21 Sold $470,000 -4.1% --
08/02/2021 08/02/21 Pending -- -- --
07/28/2021 07/28/21 For Sale $489,900 +19.5% --
01/28/2020 01/28/20 Sold $410,000 -6.6% --
11/04/2019 11/04/19 Pending -- -- --
10/24/2019 10/24/19 For Sale $439,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Jaracz

    Seller's Agent in 2021

    David Jaracz

    Savvy Properties Inc

    (773) 710-4376

    16 in this area

    152 Total Sales

    Section Image
  • Jose Melendres

    Buyer's Agent in 2021

    Jose Melendres

    EXIT Strategy Realty

    (773) 317-0708

    2 in this area

    56 Total Sales

    Section Image
  • Cecilia Frakes-Mayberry

    Seller's Agent in 2020

    Cecilia Frakes-Mayberry

    Coldwell Banker Realty

    (847) 650-4326

    1 in this area

    24 Total Sales

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11170894

Midwest Real Estate Data (MRED)

Illinois Cook County Chicago 60623 North Lawndale

1434 S Homan Ave, Chicago, IL

This home is located at 1434 S Homan Ave, Chicago, IL 60623 since 28 July 2021. This property was built in 1901. 1434 S Homan Ave is a home located in Cook County with nearby schools including Johnson Elementary School, LEARN Romano Butler, and Legacy Elementary Charter School.

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