NOT LISTED FOR SALE
16 Beds
8 Baths
8,633 Sq Ft
6,360 Sq Ft Lot

Last Sold May 31, 2022

Last sale price $1,650,000 $191 Per Sq Ft

41 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Hot Water Heating System
  • 2-minute walk to Piazza Dimaggio

About This Home

As of May 2022

LONG TERM FAMILY OWNED PROPERTY LOCATED IN THE LITTLE ITALY/UNIVERSITY VILLAGE AREA CONSISTING OF TWO APARTMENT BUILDINGS . LARGER BUILDING HAS A TOTAL OF SIX APARTMENTS-FIVE TWO BEDROOM/ ONE BATH AND ONE THREE BEDROOM/ONE BATH. SMALLER BUILDING HAS TWO APARTMENTS-ONE TWO BEDROOM/ONE BATH AND A ONE BEDROOM/ONE BATH. FULL PARTIALLY FINISHED BASEMENT WHICH COULD BE POSSIBLY CONVERTED INTO ADDITIONAL LIVING SPACE. ONE CENTRAL HOT WATER HEATING SYSTEM FOR THREE APARTMENTS. FIVE APARTMENTS HAVE INDIVIDUAL GAS FORCED AIR HEATING AND IN UNIT WASHER/DRYERS . THERE IS ALSO A COMMON WASHER/DRYER FOR THE BUILDING. WALKING DISTANCE TO ONE OF THE LARGEST MEDICAL CENTERS IN THE COUNTRY. LESS THAN A HALF A MILE FROM THE UNIVERSITY OF ILLINOIS AT CHICAGO. EASY EXPRESSWAY ACCESSIBILITY. CLOSE TO PUBLIC TRANSPORTATION. JUST MINUTES FROM THE DOWNTOWN BUSINESS ,THEATER DISTRICT AND LAKE FRONT. WELL-MAINTAINED BUILDING. GREAT INVESTMENT OPPORTUNITY!!

Last Agent to Sell the Property

Carmen Gallucci

C. Gallucci Realty, Inc. License #471000589 Listed on: 02/28/2022

Last Buyer's Agent

Peter Gordon

C. Gallucci Realty, Inc. License #475123452

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,212

Year Built

  • Built in 1880

Lot Details

  • 6,360 Sq Ft Lot
  • Lot Dimensions are 60'x106'

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation
  • Wood Frame Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Partially Finished Basement

  • Exterior Basement Entry
  • Recreation or Family Area in Basement

Utilities

  • Forced Air Heating and Cooling System
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $720
  • Fuel Expense $4,400
  • Insurance Expense $4,830
  • Water Sewer Expense $3,600
  • Operating Expense $38,085
  • Gross Income $11,750
  • Net Operating Income $103,238

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,212

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1880
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 16
  • Possible Use: Condominium, Multi-Family
  • Basement Description: Partially Finished,Exterior Access,Rec/Family Area
  • Fireplaces: 5
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 8
  • Ranges: 8
  • Number of Washers: 5
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Wood Frame
  • Foundation Details: Concrete Perimeter, Stone
  • Frontage Type: City Street
  • List Price: 1750000
  • Roof: Rubber
  • Exterior Building Type: Aluminum Siding,Brick
  • Roof Structure: Flat

Utilities

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Utilities: Sanitary Sewer, Water-Municipal, Water to Site
  • Heat/Ventilation: Central Bldg Heat,Central Heat/Indiv Controls,Forced Air,Gas,Hot Water
  • Leased Washer Dryer YN: Yes

Condo/Co-op/Association

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

Fee Information

  • Water Sewer Expenses: 3600
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 60'X106'
  • Lot Size Sq Ft: 6360
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8

Multi Family

  • Net Operating Income: 103238
  • Fuel Expense: 4400
  • Insurance Expense: 4830
  • ElectricExpense: 720
  • GrossIncome: 11750
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 38085
  • Expense Year: 2020
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 24212
  • Tax Year: 2020

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
05/31/2022 05/31/22 Sold $1,650,000 -5.7% $191 / Sq Ft
04/11/2022 04/11/22 Pending -- -- --
02/28/2022 02/28/22 For Sale $1,750,000 -- $203 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11334491

Midwest Real Estate Data (MRED)

APN: 17173250370000