B
Seller's Agent in 2024
Brandon Aranda
4 Sale Realty Advantage
(224) 347-7620
2 in this area
22 Total Sales
1615 16th St North Chicago, IL 60064
Lewis Glenn NeighborhoodEstimated Value: $193,000 - $288,000
5
Beds
2
Baths
1,324
Sq Ft
$190/Sq Ft
Est. Value
About This Home
As of June 2024Investment opportunity with instant returns! Currently rented, This cash-flowing 2-unit property features a spacious 3-bed, 1-bath unit leased at $1550/month and a cozy 2-bed, 1-bath unit rented for $1100/month for a total monthly gross income of $2,650 ! Enjoy the convenience of separate electric and gas meters for each unit, great tenants, ensuring hassle-free management. Bonus: includes a 2-car garage. Don't miss out on this prime income-generating asset!
Last Agent to Sell the Property
4 Sale Realty Advantage License #475188483 Listed on: 05/02/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,003
Year Built
- Built in 1925 | Remodeled in 2023
Lot Details
- 9,104
Parking
- 2 Car Detached Garage
- 4 Open Parking Spaces
- Parking Space is Owned
Home Design
- Vinyl Siding
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- 2 Bathrooms
Additional Features
- Basement Fills Entire Space Under The House
- Heating System Uses Natural Gas
Community Details
- 2 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 2, 2024
Closed on
May 21, 2024
Sold by
Aranda Llc Investments
Bought by
Alvarez Paramo Julian
Seller's Agent
Brandon Aranda
4 Sale Realty Advantage
Buyer's Agent
Ivan Blanco
Baird & Warner
List Price
$225,000
Sold Price
$235,000
Premium/Discount to List
$10,000
4.44%
Views
21
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,102
Avg. Annual Appreciation
-0.52%
Original Mortgage
$223,250
Interest Rate
7.38%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 19, 2023
Sold by
Catherine T Walker Revocable Trust and Walker Catherine T
Bought by
Aranda Llc Investments
Purchase Details
Closed on
Jan 17, 2002
Sold by
Walker Frank and Walker Catherine
Bought by
Walker Catherine T and Catherine T Walker Revocable Trust
Purchase Details
Closed on
Nov 30, 2001
Sold by
Rheaves Odene V
Bought by
Walker Frank and Walker Catherine
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Alvarez Paramo Julian | $235,000 | Fidelity National Title | |
| Aranda Llc Investments | $115,000 | Fidelity National Title | |
| Walker Catherine T | -- | -- | |
| Walker Frank | $56,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Alvarez Paramo Julian | $7,500 | |
| Previous Owner | Alvarez Paramo Julian | $223,250 | |
| Previous Owner | Catherine T Walker Trust | $1,000,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/07/2024 06/07/24 | Sold | $235,000 | +4.4% | $177 / Sq Ft |
| 05/08/2024 05/08/24 | Pending | -- | -- | -- |
| 05/02/2024 05/02/24 | For Sale | $225,000 | -- | $170 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $5,297 | $52,356 | $10,595 | $41,761 |
| 2023 | $5,003 | $38,982 | $8,695 | $30,287 |
| 2022 | $5,003 | $35,408 | $8,096 | $27,312 |
| 2021 | $3,867 | $27,520 | $6,306 | $21,214 |
| 2020 | $3,132 | $22,944 | $5,865 | $17,079 |
| 2019 | $2,956 | $21,024 | $5,374 | $15,650 |
| 2018 | $2,243 | $13,801 | $4,694 | $9,107 |
| 2017 | $2,109 | $12,210 | $4,153 | $8,057 |
| 2016 | $2,607 | $14,736 | $5,012 | $9,724 |
| 2015 | $2,435 | $13,189 | $4,486 | $8,703 |
| 2014 | $3,178 | $19,159 | $3,226 | $15,933 |
| 2012 | $3,314 | $20,757 | $3,495 | $17,262 |
Source: Public Records
Agents Affiliated with this Home
-
Brandon Aranda
-
Ivan Blanco
Buyer's Agent in 2024
Ivan Blanco
Baird & Warner
(773) 841-4716
1 in this area
123 Total Sales
-
sal azar
s
Buyer Co-Listing Agent in 2024
sal azar
Baird & Warner
1 in this area
13 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12045948
APN: 08-32-420-035
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