NOT LISTED FOR SALE

1651 N Mcvicker Ave Chicago, IL 60639

Galewood Neighborhood
5 Beds
3 Baths
-- Sq Ft
1918 Built

Sale Details

Date Sold: December 13, 2019

Last sale price $275,000

130 Days on Market

About This Home

As of December 2019

Solid legal 2 Unit Chicago brick building with (2) 2bd/1ba units and (1)1bd/1ba. 2010 rehab included the following: new copper plumbing, electric, individual furnaces, individual hot water heaters, windows, & roof. The washer/dryer in building are leased. Fully occupied and cash flowing in current condition with below market rents. Significant rental upside with light cosmetic improvements to kitchens and bathrooms. This is a great value-add investment opportunity. BROKER AND SELLER DO NOT WARRANT THE LEGALITY OF THE GARDEN UNIT. **Note: This property is a part of a 21 building portfolio. Call broker to inquire for more details. CASH OR CONVENTIONAL LOANS ONLY. NO FHA

Last Agent to Sell the Property

Rick Ofman

Kiser Group Realty Inc License #475172869 Listed on: 09/10/2019

Co-Listed By

Marco Cesario

Jameson Commercial License #475142196

Last Buyer's Agent

David Mishel

Real Broker LLC License #475159283

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,391

Year Built

  • Built in 1918 | Remodeled in 2010

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 25x125

Community Details

  • 2 Units
  • Gross Income $34,308

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,391

Year Built

Built in 1918 | Remodeled in 2010

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1918
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2010
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2010

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Garage/Space,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Garage/Space,Hardwood Floors

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • GrossIncome: 34308
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 4390.62
  • Tax Year: 2018
  • Tax Exemptions: None

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2019
Closed on
Dec 10, 2019
Sold by
Bought by
Seller's Agent
Rick Ofman
Kiser Group Realty Inc
Buyer's Agent
David Mishel
Real Broker LLC
List Price
$295,000
Sold Price
$275,000
Premium/Discount to List
-$20,000
-6.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Interest Rate
0.055%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2009
Sold by
Bought by

Purchase Details

Closed on
Mar 23, 2009
Sold by
Bought by

Purchase Details

Closed on
Oct 11, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
0.0775%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 4, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Interest Rate
0.091%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 16, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,064
Interest Rate
0.0602%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 28, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,477
Interest Rate
0.0682%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 19, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,200
Interest Rate
0.0718%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 2, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,374
Interest Rate
0.0694%
Mortgage Type
FHA
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$275,000 Ata National Title Group Llc
$72,000 First American
-- None Available
$385,000 United World Title Serv
$335,000 Tristar Title Llc
$190,000 Multiple
$228,000 Chicago Title Insurance Co
$180,000 --
$132,500 Professional National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $206,250
Previous Owner $308,000
Closed $335,000
Previous Owner $187,064
Previous Owner $224,477
Previous Owner $177,200
Previous Owner $128,374
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/15/2020 03/15/20 Off Market $275,000 -- --
12/13/2019 12/13/19 Sold $275,000 -1.8% --
11/08/2019 11/08/19 Pending -- -- --
10/04/2019 10/04/19 Price Changed $280,000 -5.1% --
07/01/2019 07/01/19 For Sale $295,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,644 $34,000 $7,054 $26,946
2024 $4,644 $34,000 $7,054 $26,946
2023 $4,527 $22,001 $5,720 $16,281
2022 $4,527 $22,001 $5,720 $16,281
2021 $4,426 $21,999 $5,719 $16,280
2020 $3,789 $16,997 $4,194 $12,803
2019 $3,928 $19,537 $4,194 $15,343
2018 $4,391 $22,214 $4,194 $18,020
2017 $4,066 $18,877 $3,813 $15,064
2016 $3,783 $18,877 $3,813 $15,064
2015 $3,830 $20,888 $3,813 $17,075
2014 $3,157 $17,005 $3,431 $13,574
2013 $3,522 $19,351 $3,431 $15,920
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Rick Ofman

    Kiser Group Realty Inc

    Section Image
  • Marco Cesario

    Seller Co-Listing Agent in 2019

    Marco Cesario

    Jameson Commercial

    (312) 315-7173

    13 Total Sales

    Marco Cesario
    Section Image
  • David Mishel

    Buyer's Agent in 2019

    David Mishel

    Real Broker LLC

    (773) 936-2714

    136 Total Sales

    David Mishel
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10512667

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60639 Galewood

1651 N Mcvicker Ave, Chicago, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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