NOT LISTED FOR SALE
8 Beds
8 Baths
3,998 Sq Ft
1900 Built

Last Sold February 24, 2022

Last sale price $1,250,000 $313 Per Sq Ft

2 Days on Market

About This Home

As of February 2022

Nearly 7% CAP in this updated 6 unit investment building in DREAM LOCATION in Bucktown/Wicker Park. Well maintained with new roof in 2019, central AC and gas forced heat, washer and dryers in all units! 4 units are 1 bedrooms, the penthouse units are 2 bedroom, 2 bath duplex-ups with an ensuite bath. 5 out of 6 units are currently rented, 4 out of 5 leases end July 2022, 1 lease ends June 2022 - PRIME TIME for finding tenants if they choose not to renew. A+++ LOCATION: a commuter's paradise for tenants near Blue line, multiple bus lines, Metra and expressway, plus all the dining, shopping and nightlife of Bucktown/Wicker Park. Solid investment, with potential for future updating to increase rents.

Last Agent to Sell the Property

Leigh Marcus

@properties Christie's International Real Estate License #475125223 Listed on: 12/13/2021

@properties Christie's International Real Estate

Last Buyer's Agent

Kevin Schnell

33 Realty License #471021306

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,559

Year Built

  • Built in 1900

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Additional Features

  • 3-Story Property
  • Lot Dimensions are 25x125

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $450
  • Insurance Expense $4,000
  • Trash Expense $1,500
  • Water Sewer Expense $1,800
  • Operating Expense $26,348
  • Gross Income $113,700
  • Net Operating Income $87,352

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,559

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1900
  • Built Before 1978 (Y/N): Yes
  • New Construction Y/N: No
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 8
  • Fireplaces: 6
  • Dishwashers: 6
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 6
  • Room: 3
  • Room: 5
  • Room: 0

Exterior Features

  • List Price: 1250000
  • Exterior Building Type: Brick

Utilities

  • Cooling: Central Air
  • Heat/Ventilation: Forced Air,Gas

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1500
  • Water Sewer Expenses: 1800
  • Janitor Expense: 0
  • Operating Expense Includes: Real Estate Tax

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X125

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8
  • Tenancy Type: Leases

Multi Family

  • Net Operating Income: 87352
  • Insurance Expense: 4000
  • ElectricExpense: 450
  • GrossIncome: 113700
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 26348
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 18558.8
  • Tax Year: 2020

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
02/24/2022 02/24/22 Sold $1,250,000 0.0% $313 / Sq Ft
12/16/2021 12/16/21 Pending -- -- --
12/13/2021 12/13/21 For Sale $1,250,000 -- $313 / Sq Ft
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: 11280403

Midwest Real Estate Data (MRED)

APN: 14314300050000