NOT LISTED FOR SALE

1503 W George St Chicago, IL 60657

Southport Corridor Neighborhood
9 Beds
6 Baths
5,010 Sq Ft
6,098 Sq Ft Lot

Last Sold September 16, 2019

Last sale price $1,080,000 $216 Per Sq Ft

56 Days on Market

About This Home

As of September 2019

1503 West George Street is a 3 unit brick apartment building in Lakeview. The property features large renovated apartment units with laundry in-unit, quartz countertops, stainless steel appliances, new white kitchen cabinets, and central heat and air. Current tenants leased through summer 2019 - first tenants to live in these units post renovations (renovations complete in 2018). Building has brand new rear porches, copper plumbing, individual furnaces with AC and individual water tanks, and 200 amp electric service to the building. Diversey CTA station is within 0.7 miles of the property. This property provides an investor with a prime opportunity to obtain a completely renovated and stable property in a great neighborhood with a large and consistent rental market.

Last Agent to Sell the Property

Brant Booker

Jameson Sotheby's Intl Realty License #475135293 Listed on: 06/24/2019

Last Buyer's Agent

Jojo Cui

Citywide Real Estate License #471020232

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,807

Year Built

  • Built in 1891 | Remodeled in 2018

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 25x124.30

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 6 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House

Schools

  • Lake View High School

Utilities

  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $104,400
  • Net Operating Income $70,321

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,807

Year Built

Built in 1891 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1891
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2018
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2018

Interior Features

  • Basement: Full
  • Total Bathrooms: 6
  • Total Bedrooms: 9
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 6
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors,Oven/Built-in
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors,Oven/Built-in
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors,Skylights/Windows,Oven/Built-in

Exterior Features

  • List Price: 1200000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Indv Controls
  • Water Source: Public

Fee Information

  • Other Expenses $: 12152

Schools

  • High School: Lake View High School
  • Middle/Junior School District: 299

Lot Info

  • Lot Size Acres: 0.14
  • Lot Dimensions: 25X124.30
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 70321
  • GrossIncome: 104400
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 21807
  • Tax Year: 2018

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 List to Sale Price per Sq Ft
09/16/2019 09/16/19 Sold $1,080,000 -10.0% $216 / Sq Ft
08/19/2019 08/19/19 Pending -- -- --
06/24/2019 06/24/19 For Sale $1,200,000 0.0% $240 / Sq Ft
12/05/2017 12/05/17 Rented $1,600 0.0% --
11/30/2017 11/30/17 For Rent $1,600 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Brant Booker

    Seller's Agent in 2019

    Brant Booker

    Jameson Sotheby's Intl Realty

    (773) 490-1862

    4 in this area

    51 Total Sales

    Brant Booker
    Section Image
  • Jojo Cui

    Buyer's Agent in 2019

    Jojo Cui

    Citywide Real Estate

    (312) 808-8096

    1 in this area

    36 Total Sales

    Jojo Cui
    Section Image

  • A

    Seller's Agent in 2017

    Alex Carr

    Cane Realty LLC

    (847) 370-5402

    9 Total Sales

    Alex Carr
    Section Image

  • K

    Buyer's Agent in 2017

    Kathleen Kiser

    Berkshire Hathaway HomeServices Chicago

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10427605

Midwest Real Estate Data (MRED)

APN: 14291240270000

Illinois Cook County Chicago 60657 Southport Corridor

1503 W George St, Chicago, IL

This home is located at 1503 W George St, Chicago, IL 60657 since 24 June 2019. This property was built in 1891. 1503 W George St is a home located in Cook County with nearby schools including Augustus H. Burley Elementary School, Lake View High School, and Alphonsus Academy & Center For The Arts.

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