NOT LISTED FOR SALE

1523 E 71st Place Chicago, IL 60619

Grand Crossing Neighborhood
6 Beds
3 Baths
4,395 Sq Ft
3,485 Sq Ft Lot

Last Sold December 05, 2017

Last sale price $229,900 $52 Per Sq Ft

52 Days on Market

Highlights

  • Enclosed Patio or Porch
  • Forced Air Heating System
  • 2-minute walk to Stony Island Station

About This Home

As of December 2017

Spacious & Elegant Well Maintained Brick 3- Flat Multi Family Building; Perfect for a New Home Owner or Investor. Just a short distance to the Obama Library, Rainbow Beach, Lake Shore Dr. and 15 minutes to Downtown. Three -2-bedroom units with a bonus 3rd Bedroom on the Back Porch, Hardwood Floors, Ceiling Fans, Separate Large Dining Room and Living Room. Full Basement with Half Bath, Bar and Plenty of Room To Finish A Unit and Laundry Area. Huge Fenced Backyard for Parking/ Entertainment or Build a Garage. Endless Possibilities and No Work To Do; Just Move In. Back Porch, Water Tank, Furnace, Electric, Roof and Tuck-Pointing all Updated - Estimate Less than 10 years ago.

Last Agent to Sell the Property

Shannon Welch

A Progeny Global LLC License #475147179 Listed on: 08/14/2017

Last Buyer's Agent

Letoya Horton

Horton Realty Group License #471011894

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,967

Year Built

  • Built in 1919

Lot Details

  • 3,485

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • 3 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Off-Street Parking
  • Off Alley Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Enclosed Patio or Porch
  • 3,485 Sq Ft Lot

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $34,500
  • Net Operating Income $27,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,967

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1919
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Room Type: Enclosed Porch
  • Basement Description: Partially Finished,Exterior Access
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Porch, Storms/Screens
  • Patio And Porch Features: Porch
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Alley, Off Street, Driveway
  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

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

Fee Information

  • Other Expenses $: 6600

Lot Info

  • Lot Size Acres: 0.08
  • Lot Dimensions: 3656
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • Net Operating Income: 27900
  • GrossIncome: 34500
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 3967.26
  • Tax Year: 2016
  • Tax Exemptions: Homeowner

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 List to Sale Price per Sq Ft
03/07/2018 03/07/18 Off Market $229,900 -- --
12/05/2017 12/05/17 Sold $229,900 0.0% $52 / Sq Ft
11/15/2017 11/15/17 Off Market $229,900 -- --
10/05/2017 10/05/17 Pending -- -- --
08/14/2017 08/14/17 For Sale $229,999 -- $52 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $3,388 $28,700 $3,290 $25,410
2024 $3,388 $28,700 $3,290 $25,410
2023 $3,291 $16,000 $4,570 $11,430
2022 $3,291 $16,000 $4,570 $11,430
2021 $3,217 $16,000 $4,570 $11,430
2020 $4,144 $18,603 $4,021 $14,582
2019 $4,200 $20,903 $4,021 $16,882
2018 $4,129 $20,903 $4,021 $16,882
2017 $4,075 $22,305 $3,656 $18,649
2016 $3,967 $22,305 $3,656 $18,649
2015 $3,607 $22,305 $3,656 $18,649
2014 $2,999 $18,730 $2,924 $15,806
2013 $2,928 $18,730 $2,924 $15,806
Source: Public Records

Agents Affiliated with this Home

  • Shannon Welch

    Seller's Agent in 2017

    Shannon Welch

    A Progeny Global LLC

    (773) 507-3169

    5 in this area

    108 Total Sales

    Shannon Welch
    Section Image

  • L

    Buyer's Agent in 2017

    Letoya Horton

    Horton Realty Group

See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09721950

Midwest Real Estate Data (MRED)

APN: 20262070060000

Illinois Cook County Chicago 60619 Grand Crossing

1523 E 71st Place, Chicago, IL

Not Listed for Sale

MultiFamily

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