NOT LISTED FOR SALE
11 Beds
8 Baths
-- Sq Ft
1905 Built

Last Sold April 13, 2020

Last sale price $480,000

27 Days on Market

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

Last Buyer's Agent

Jon Garrity

PIP Realty Group License #475181625

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,209

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 2
  • Year Built: 1905
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required,Non-Disclosure Agreement
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 11
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 475000

Utilities

  • Heat/Ventilation: Central Bldg Heat

Condo/Co-op/Association

  • Manager Expense: 3913

Fee Information

  • Trash Expense: 1560
  • Water Sewer Expenses: 3600
  • Janitor Expense: 2400

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50' X 125'

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 42842
  • Fuel Expense: 6671
  • Insurance Expense: 5166
  • ElectricExpense: 1200
  • GrossIncome: 82380
  • Maintenance Expense: 1000
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 35419
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 8209
  • Tax Year: 2018

Range of Values:

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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
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10549496

Midwest Real Estate Data (MRED)

APN: 20234140180000