NOT LISTED FOR SALE
10 Beds
4 Baths
-- Sq Ft
1895 Built

Last Sold June 07, 2022

Last sale price $487,900

19 Days on Market

Highlights

  • Lower Floor Utility Room
  • 4 Car Detached Garage
  • Forced Air Heating System
  • Fenced Yard
  • Soaking Tub
  • Multiple Water Heaters

About This Home

As of June 2022

Deluxe Woodlawn 2 unit with garden apt. on rarely available 5,000sf lot. Surrounded by New Construction & Condos. Property is a 1/2 block away from Jackson Park. 5 minute walk to Lake Michigan or the University Of Chicago. 1st floor 3 bedrooms 1 bath (approx 1,000sf), Second floor unit is approximately 1900sf (5 bedrooms, 1.5 baths deluxe duplex), garden apartment has 2 bedrooms. Coin Laundry in the basement. Newer hardwood floors on 1st & 2nd floor. There is a 4 car brick garage and fenced front and back yard. All units are separately metered. 3 newer heating systems, 2 new a/c units. Great. Currently the top floor is vacant while the property is for sale to accommodate easy showings. Previous Tenant was paying $1500/mo. Well cared for property in sought after Woodlawn area.

Last Agent to Sell the Property

Adam Haleem

Network Property Managment LLC License #475191917 Listed on: 03/15/2022

Co-Listed By

Neil Haleem

Network Property Managment LLC License #471010714

Last Buyer's Agent

Elijah Richardson

RE/MAX Premier License #475176014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,471

Year Built

  • Built in 1895 | Remodeled in 2017

Parking

  • 4 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Asphalt Roof

Interior Spaces

  • Lower Floor Utility Room
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Potential Bedrooms
  • 4 Bathrooms
  • Soaking Tub

Finished Basement

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

Lot Details

  • Lot Dimensions are 25x125
  • Fenced Yard
  • Paved or Partially Paved Lot

Utilities

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

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $680
  • Insurance Expense $1,400
  • Water Sewer Expense $2,200
  • Gross Income $46,500
  • Net Operating Income $37,949

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,471

Year Built

Built in 1895 | Remodeled in 2017

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1895
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2017
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2017

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 10
  • Other Equipment: CO Detectors, Sump Pump, Multiple Water Heaters
  • Room Type: Utility Room-Lower Level
  • Basement Description: Finished,Exterior Access
  • Bathroom Amenities: Soaking Tub
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove
  • MRD_AppliancesAndFeatures: Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame,Other

Garage/Parking

  • Garage Spaces: 4
  • Number of Cars: 4
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 2200
  • Other Expenses $: 800

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • Net Operating Income: 37949
  • Insurance Expense: 1400
  • ElectricExpense: 680
  • GrossIncome: 46500
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 3471
  • Tax Year: 2020
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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
06/07/2022 06/07/22 Sold $487,900 0.0% --
04/04/2022 04/04/22 Pending -- -- --
04/04/2022 04/04/22 For Sale $487,900 0.0% --
03/22/2022 03/22/22 Pending -- -- --
03/15/2022 03/15/22 For Sale $487,900 -- --
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 $2,964 $48,000 $6,250 $41,750
2024 $2,964 $48,000 $6,250 $41,750
2023 $2,880 $14,000 $6,250 $7,750
2022 $2,880 $14,000 $6,250 $7,750
2021 $2,815 $14,000 $6,250 $7,750
2020 $3,471 $15,583 $5,500 $10,083
2019 $3,518 $17,509 $5,500 $12,009
2018 $3,459 $17,509 $5,500 $12,009
2017 $4,153 $19,290 $5,000 $14,290
2016 $3,864 $19,290 $5,000 $14,290
2015 $3,535 $19,290 $5,000 $14,290
2014 $3,370 $18,164 $4,000 $14,164
2013 -- $18,164 $4,000 $14,164
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11347862

Midwest Real Estate Data (MRED)
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