NOT LISTED FOR SALE

1456 W Fletcher St Chicago, IL 60657

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

Last Sold May 15, 2020

Last sale price $1,325,000

26 Days on Market

Highlights

  • Deck
  • Intercom
  • Ceiling Fan
  • Augustus H. Burley Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of May 2020

OVER $112000 (MARKET $151,200) IN ANNUAL RENTS. RENTS CURRENTLY BELOW MARKET VALUE BY $200 p/b YET STILL A 5% CAP RATE. TAKE ADVANTAGE OF THIS OPT TO OWN A STATELY LAKEVIEW 4-FLAT IN BURLEY SCHOOL DISTRICT; RAISE RENTS TO MARKET AND RECEIVE 7-9% CAP RATE. FOURTEEN BEDS. TOTAL RENT INCOME MONTHLY $9400 (MARKET 12,600/$151,200 ANNUAL MARKET) FIRST FLOOR UNITS NICELY RENOVATED AND DUPLEXED DOWN W/ IN-UNIT W/D. ALL UNITS ARE BEAUTIFULLY RENOVATED AND IN GREAT SHAPE. EACH UNIT HAS OWN HEATING/COOLING/ELECTRIC & PAY UTILITIES. ALL HAVE CENTRAL AIR/HVAC. HIGH BASEMENT CEILING HEIGHT. SOLID BRICK BUILDING THAT HAS BEEN WELL MAINTAINED. ADDITIONAL STORAGE UNITS IN BASEMENT. VERY WELL MAINTAINED BUILDING.

Last Agent to Sell the Property

Kimberly Chase-Harding

Berkshire Hathaway HomeServices Chicago License #471007476 Listed on: 03/05/2020

Berkshire Hathaway HomeServices Chicago

Co-Listed By

Michelle Passariello

Berkshire Hathaway HomeServices Chicago License #475186702

Last Buyer's Agent

Darrell Scott

Compass License #475156044

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,500

Year Built

  • Built in 1898

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 25 x 125

Home Design

  • Brick Exterior Construction
  • Tar and Gravel Roof

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 14 Potential Bedrooms
  • 9 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Home Security

  • Intercom
  • Storm Screens
  • Carbon Monoxide Detectors

Schools

  • Burley Elementary School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Cable TV Available

Additional Features

  • Ceiling Fan
  • Deck

Community Details

  • 4 Units
  • Net Operating Income $76,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,500

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1898
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 9
  • Total Bedrooms: 14
  • Other Equipment: TV-Cable, Intercom, CO Detectors, Ceiling Fan(s), Sump Pump
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 8
  • Half Bathrooms in Building: 1
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner
  • Room: 6

Exterior Features

  • ExteriorFeatures: Deck, Storms/Screens, Cable Access
  • List Price: 1490000
  • Roof: Tar and Gravel
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Schools

  • Elementary School: Burley Elementary School
  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.07
  • Lot Dimensions: 25 X 125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: No
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 76800
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 13500
  • Tax Year: 2017
  • Tax Exemptions: None

Range of Values:

Collateral Analytics

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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

Property History

Date Event Price Change Sq Ft Price
05/15/2020 05/15/20 Sold $1,325,000 -11.1% --
03/31/2020 03/31/20 Pending -- -- --
03/05/2020 03/05/20 For Sale $1,490,000 +32.4% --
06/10/2016 06/10/16 Sold $1,125,000 -6.2% --
05/11/2016 05/11/16 Pending -- -- --
05/06/2016 05/06/16 For Sale $1,199,900 0.0% --
04/27/2016 04/27/16 Pending -- -- --
04/18/2016 04/18/16 Price Changed $1,199,900 -2.0% --
03/10/2016 03/10/16 For Sale $1,225,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kimberly Chase-Harding

    Seller's Agent in 2020

    Kimberly Chase-Harding

    Berkshire Hathaway HomeServices Chicago

    (773) 957-3599

    85 Total Sales

    Section Image

  • M

    Seller Co-Listing Agent in 2020

    Michelle Passariello

    Berkshire Hathaway HomeServices Chicago

    Section Image
  • Darrell Scott

    Buyer's Agent in 2020

    Darrell Scott

    Compass

    (317) 340-8519

    10 in this area

    480 Total Sales

    Section Image
  • Deborah Ryder

    Seller's Agent in 2016

    Deborah Ryder

    American International Realty

    (312) 342-7150

    1 in this area

    57 Total Sales

    Section Image

  • a

    Buyer's Agent in 2016

    atul singh

    Property Management Chicago

    1 Total Sale

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10657296

Midwest Real Estate Data (MRED)

Illinois Cook County Chicago 60657 Southport Corridor

1456 W Fletcher St, Chicago, IL

This home is located at 1456 W Fletcher St, Chicago, IL 60657 since 05 March 2020. This property was built in 1898. 1456 W Fletcher St is a home located in Cook County with nearby schools including Augustus H. Burley Elementary School, Lake View High School, and Saint Luke Academy.

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