$738,675
SOLD OCT 21, 2025
-- Bed
-- Bath
-- Sq Ft
1928 Built

Recently Sold

6% Below List Price

112 Days on Market

About This Home

As of October 2025

Proud to present 1656 E. 83rd Pl, a 9 unit building located in desirable south side neighborhood of Avalon Park. Unit mix consists of (4) 2bd 1ba's and (5) 1bd 1ba's. Units have been updated by current management with newer kitchens, newer baths and refinished hardwood flooring. Each unit has an individual forced air furnace and pays their own heat. Additional cap ex projects that have been done throughout the years: Tuck-pointing/2013, Exterior windows replaced/2014, Roof sealed 2023, Rear porches/2012, Rear gate/2015, security cameras, new carpets and refinished interior stairwells. Building presents an opportunity to build out the garden unit(9th unit) for additional income. Property is located in a very residential area surrounded by single family homes making it desirable for tenants and reducing turnover. Location is close to to 90 expressway, parks retail and a short drive away from Lake Michigan.

Last Agent to Sell the Property

Luke Wojcik

Triton Realty Group LLC License #475139979 Listed on: 04/22/2025

Co-Listed By

Matthew Fritzshall

Triton Realty Group LLC License #471016941

Last Buyer's Agent

Omar Mohiudin

Redfin Corporation License #475170464

Redfin Corporation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,388

Year Built

  • Built in 1928

Home Design

  • Garden Apartment
  • Brick Exterior Construction

Additional Features

  • 2-Story Property
  • Lot Dimensions are 51' x 125'
  • Floor Furnace

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 9 Units

Building Details

  • Electric Expense $908
  • Fuel Expense $2,156
  • Insurance Expense $7,058
  • Maintenance Expense $6,113
  • Manager Expense $4,754
  • Other Expense $2,562
  • Trash Expense $2,231
  • Water Sewer Expense $2,324
  • Operating Expense $40,622
  • Gross Income $106,500
  • Net Operating Income $60,553

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,388

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Garden Complex
  • Stories: 2
  • Year Built: 1928
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0

Exterior Features

  • Construction Materials: Brick

Utilities

  • Heat/Ventilation: Individual Furnaces

Condo/Co-op/Association

  • Manager Expense: 4754
  • Unincorporated (Y/N): No

Fee Information

  • Trash Expense: 2231
  • Water Sewer Expenses: 2324
  • Operating Expense Includes: Maintenance Grounds,Snow Removal

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 51' X 125'

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8

Multi Family

  • Net Operating Income: 60553
  • Fuel Expense: 2156
  • Insurance Expense: 7058
  • ElectricExpense: 908
  • GrossIncome: 106500
  • Maintenance Expense: 6113
  • NumberOfUnitsTotal: 9
  • OperatingExpense: 40622
  • Type Multi-Family: Garden Complex

Tax Info

  • Tax Annual Amount: 7388
  • Tax Year: 2023

Range of Values:

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Value Increase
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Percent Increase
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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 Prior Sale
10/21/2025 10/21/25 Sold $738,675 -6.4% --
08/12/2025 08/12/25 Pending -- -- --
07/29/2025 07/29/25 For Sale $789,000 0.0% --
07/16/2025 07/16/25 Pending -- -- --
07/08/2025 07/08/25 Price Changed $789,000 -1.3% --
05/27/2025 05/27/25 Price Changed $799,000 -6.0% --
04/22/2025 04/22/25 For Sale $850,000 +129.7% --
08/07/2018 08/07/18 Sold $370,000 -11.7% -- View Prior Sale
06/18/2018 06/18/18 Pending -- -- --
12/09/2017 12/09/17 For Sale $419,000 0.0% --
11/15/2017 11/15/17 Pending -- -- --
09/16/2017 09/16/17 For Sale $419,000 -- --
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: 12344596

Midwest Real Estate Data (MRED)

APN: 20363000360000