A
Seller's Agent in 2024
Aaron Sklar
Kiser Group Realty Inc
1444 E 67th Place Chicago, IL 60637
Grand Crossing Neighborhood
18
Beds
6
Baths
7,494
Sq Ft
1912
Built
About This Home
As of June 20241444 E. 67th Pl is a recently updated six (6) unit walk-up located on a quiet, tree lined street just outside of Jackson Park. The subject site sits just blocks away from South Shore's Stony Island train stop, the Jackson Park Golf Course, and steps from the developing Obama Presidential Library. Conveniently, the building is situated amongst an assortment of shopping and grocery selections. 1444 E. 67th Pl. is entirely composed of six (6) 3bd/1ba units, all of which are spacious and contain an abundance of natural light, as well as front balconies providing the tenants with an additional desirable feature. Currently, four (4) of the units have recently been updated with refinished floors, granite countertops, new appliances, along with modern and updated bathrooms. The last two (2) apartments are currently occupied by long term tenants who have called the building home for 15+ years. Furthermore, the building includes five (5) garage spots in the rear. Current ownership is not presently capitalizing on the garage, but similar enclosed garage spots are renting for $100/spot per month. 1444 E. 67th Pl. presents a unique opportunity to acquire a positive, cash-flowing asset in one of Chicago's most rapidly growing neighborhoods. From day one, an investor will realize an in-place cap rate of 9.09%. However, by updating the remaining two (2) units, stabilizing rents to market rate levels, and monetizing the available parking, an investor could achieve a cap rate of over 12%.
Last Agent to Sell the Property
Aaron Sklar
Kiser Group Realty Inc License #475161507 Listed on: 11/27/2023
Co-Listed By
Noah Birk
Kiser Group Realty Inc License #475125864
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,348
Year Built
- Built in 1912
Home Design
- Garden Apartment
Bedrooms and Bathrooms
- 18 Bedrooms
- 6 Bathrooms
Additional Features
- 3-Story Property
- Lot Dimensions are 59' x 140'
- Radiator
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $284
- Fuel Expense $7,300
- Insurance Expense $4,326
- Maintenance Expense $2,550
- Manager Expense $4,674
- Other Expense $2,900
- Trash Expense $1,989
- Water Sewer Expense $2,950
- Operating Expense $33,921
- Gross Income $98,400
- Net Operating Income $59,559
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/13/2024 06/13/24 | Sold | $580,000 | -7.5% | $77 / Sq Ft |
| 04/18/2024 04/18/24 | Pending | -- | -- | -- |
| 03/14/2024 03/14/24 | Price Changed | $627,000 | -4.3% | $84 / Sq Ft |
| 11/28/2023 11/28/23 | For Sale | $655,000 | -- | $87 / 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 | $4,006 | $54,001 | $8,878 | $45,123 |
| 2024 | $4,006 | $54,001 | $8,878 | $45,123 |
| 2023 | $5,348 | $18,921 | $8,878 | $10,043 |
| 2022 | $5,348 | $26,001 | $8,878 | $17,123 |
| 2021 | $5,228 | $25,999 | $8,877 | $17,122 |
| 2020 | $4,133 | $18,551 | $7,812 | $10,739 |
| 2019 | $4,188 | $20,844 | $7,812 | $13,032 |
| 2018 | $4,117 | $20,844 | $7,812 | $13,032 |
| 2017 | $5,480 | $25,454 | $7,102 | $18,352 |
| 2016 | $5,098 | $25,454 | $7,102 | $18,352 |
| 2015 | $5,018 | $27,386 | $7,102 | $20,284 |
| 2014 | $4,099 | $22,093 | $5,681 | $16,412 |
| 2013 | $4,400 | $24,191 | $5,681 | $18,510 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Seller Co-Listing Agent in 2024
Noah Birk
Kiser Group Realty Inc
-
Grigory Pekarsky
Buyer's Agent in 2024
Grigory Pekarsky
Vesta Preferred LLC
(773) 974-8014
1 in this area
1,906 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11938141
APN: 20234020130000
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