NOT LISTED FOR SALE

Estimated Value: $1,898,127 - $2,331,000

4 Beds
2 Baths
1,210 Sq Ft
$1,738/Sq Ft Est. Value

Last Sold September 26, 2014

Last sale price $615,000 $508 Per Sq Ft

Est. 242% increase in value since last sale

Current estimated payment $13,963/month

4 Days on Market

Highlights

  • Deck
  • Traditional Architecture
  • Balcony
  • Blaine Elementary School Rated A-
  • Fenced Yard
  • 5-minute walk to Warner Garden Park

About This Home

As of September 2014

Great opportunity in Blaine school for 2 flat on full size lot in Graceland West. Rehab as two units, convert to single family home, or tear down and build home of your dreams. Great location on beautiful and quite street-just 3 blocks from Blaine school and easy walk to Southport restaurants, shops, nightlife and transportation. Currently no garage but plenty of room to build one and still have a yard space.

Last Agent to Sell the Property

Gregory Desmond

@properties Christie's International Real Estate License #475121688 Listed on: 09/08/2014

@properties Christie's International Real Estate

Last Buyer's Agent

Sherri Hoke

Jameson Sotheby's Intl Realty License #475144400

Jameson Sotheby's Intl Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,129

Lot Details

  • Lot Dimensions are 25x125
  • Fenced Yard
  • Paved or Partially Paved Lot

Home Design

  • Traditional Architecture
  • Asphalt Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • 3 Parking Spaces
  • Off Alley Parking
  • Parking Included in Price
  • Assigned Parking

Outdoor Features

  • Balcony
  • Deck

Schools

  • Blaine Elementary School
  • Lake View High School

Utilities

  • Two Heating Systems
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 2 Units
  • Graceland West Subdivision

Building Details

  • Gross Income $18,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,129

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Subdivision Name: GRACELAND WEST
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Historical District
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Unfinished,Exterior Access
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Cathedral Ceilings

Exterior Features

  • ExteriorFeatures: Balcony, Deck, Storms/Screens
  • List Price: 650000
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Cedar

Garage/Parking

  • Parking Features: Assigned, Off Alley
  • ParkingTotal: 3
  • Garage On-Site: No
  • Garage Ownership: Owned
  • Garage Type: N/A
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Sep Heating Systems - 2+
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Schools

  • Elementary School: BLAINE ELEMENTARY SCHOOL
  • High School: LAKE VIEW HIGH SCHOOL
  • Middle/Junior School: BLAINE ELEMENTARY SCHOOL
  • Middle/Junior School District: 299

Lot Info

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

Rental Info

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

Multi Family

  • GrossIncome: 18600
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 9128.99
  • Tax Year: 2013
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2017
Sold by
Bcl Homes Real Estate Development Llc
Bought by
White William D and White Julie L
Current Estimated Value
$2,103,532

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 2016
Sold by
Bcl Homes Llc
Bought by
Bcl Homes Real Estate Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000,000
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 2, 2015
Sold by
Fb Realty Llc
Bought by
Bcl Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,000
Interest Rate
3.65%
Mortgage Type
Unknown

Purchase Details

Listed on
Sep 8, 2014
Closed on
Sep 26, 2014
Sold by
Coogan Joan E
Bought by
Fb Realty Llc
Seller's Agent
Gregory Desmond
@properties Christie's International Real Estate
Buyer's Agent
Sherri Hoke
Jameson Sotheby's Intl Realty
List Price
$650,000
Sold Price
$615,000
Premium/Discount to List
-$35,000
-5.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.71%

Purchase Details

Closed on
Jun 23, 1994
Sold by
Rhein Elizabeth
Bought by
Coogan Joan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
8.66%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
White William D $1,480,000 Chicago Title Insurance Co
Bcl Homes Real Estate Development Llc -- Chicago Title
Bcl Homes Llc -- Ct
Fb Realty Llc $615,000 Prairie Title
Coogan Joan E $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open White William D $732,000
Closed White William D $780,000
Previous Owner Bacl Homes Real Estate Development Llc $25,000,000
Previous Owner Bcl Homes Llc $492,000
Previous Owner Coogan Joan E $270,000
Previous Owner Coogan Joan E $50,000
Previous Owner Coogan Joan E $139,500
Previous Owner Coogan Joan E $156,600
Previous Owner Coogan Joan E $162,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2014 09/26/14 Sold $615,000 -5.4% $508 / Sq Ft
09/12/2014 09/12/14 Pending -- -- --
09/08/2014 09/08/14 For Sale $650,000 -- $537 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $30,285 $163,000 $34,844 $128,156
2023 $29,523 $143,538 $28,125 $115,413
2022 $29,523 $143,538 $28,125 $115,413
2021 $28,864 $143,538 $28,125 $115,413
2020 $27,657 $124,150 $18,125 $106,025
2019 $28,522 $141,960 $18,125 $123,835
2018 $28,042 $141,960 $18,125 $123,835
2017 $23,634 $109,790 $15,625 $94,165
2016 $6,902 $34,458 $15,625 $18,833
2015 $4,546 $24,809 $15,625 $9,184
2014 $9,313 $50,194 $12,500 $37,694
2013 $9,129 $50,194 $12,500 $37,694
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08722743

Midwest Real Estate Data (MRED)

APN: 14-17-314-013-0000