A
Seller's Agent in 2020
Aaron Sklar
Kiser Group Realty Inc
1465 E 69th St Chicago, IL 60637
Grand Crossing Neighborhood
11
Beds
8
Baths
--
Sq Ft
1905
Built
About This Home
As of April 2020- 9.02 % Cap Rate - $78,261 Gross Operating Income (w/ 5% Vacancy) - $42,842 Net Operating Income Property is a modern, 1970's constructed eight(8) 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, as well as an assortment of shopping and grocery selections off of Stony Island. Property has a unique unit composition as well as a strong tenant base. The buildings configuration consist of five (5) 1b/1ba units and three (3) 2b/1ba units, all of which are spacious and contain an abundance of natural light. Currently, five (5) of the units have been updated with refinished floors, granite countertops, new appliances, new kitchen and bath. The remaining three (3) units have long term tenants with Formica countertops, a mixture of kitchen appliances, and hardwood floors. Furthermore, there are six (6) parking spots in the rear.
Last Agent to Sell the Property
Aaron Sklar
Kiser Group Realty Inc License #475161507 Listed on: 10/15/2019
Co-Listed By
Noah Birk
Kiser Group Realty Inc License #475125864
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,209
Year Built
- Built in 1905
Interior Spaces
- 2-Story Property
- Exterior Basement Entry
Bedrooms and Bathrooms
- 11 Bedrooms
- 8 Bathrooms
Additional Features
- Lot Dimensions are 50' x 125'
- Central Heating
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 8 Units
Building Details
- Electric Expense $1,200
- Fuel Expense $6,671
- Insurance Expense $5,166
- Maintenance Expense $1,000
- Manager Expense $3,913
- Other Expense $1,700
- Trash Expense $1,560
- Water Sewer Expense $3,600
- Operating Expense $35,419
- Gross Income $82,380
- Net Operating Income $42,842
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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 |
|---|---|---|---|---|
| 04/13/2020 04/13/20 | Sold | $480,000 | +1.1% | -- |
| 11/11/2019 11/11/19 | Pending | -- | -- | -- |
| 10/15/2019 10/15/19 | For Sale | $475,000 | -- | -- |
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 | $9,147 | $65,100 | $7,810 | $57,290 |
| 2024 | $9,147 | $65,100 | $7,810 | $57,290 |
| 2023 | $8,885 | $43,200 | $5,623 | $37,577 |
| 2022 | $8,885 | $43,200 | $5,623 | $37,577 |
| 2021 | $8,687 | $43,199 | $5,623 | $37,576 |
| 2020 | $9,258 | $41,558 | $5,623 | $35,935 |
| 2019 | $8,350 | $41,558 | $5,623 | $35,935 |
| 2018 | $8,209 | $41,558 | $5,623 | $35,935 |
| 2017 | $8,659 | $40,223 | $4,686 | $35,537 |
| 2016 | $8,056 | $40,223 | $4,686 | $35,537 |
| 2015 | $7,371 | $40,223 | $4,686 | $35,537 |
| 2014 | $7,463 | $40,223 | $4,686 | $35,537 |
| 2013 | $7,316 | $40,223 | $4,686 | $35,537 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Seller Co-Listing Agent in 2020
Noah Birk
Kiser Group Realty Inc
-
Jon Garrity
Buyer's Agent in 2020
Jon Garrity
PIP Realty Group
(773) 233-2301
6 in this area
63 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10549496
APN: 20234140180000
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