NOT LISTED FOR SALE

Estimated Value: $314,000 - $474,000

8 Beds
5 Baths
4,245 Sq Ft
$98/Sq Ft Est. Value

Last Sold May 12, 2023

Last sale price $385,000 $91 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,308/month

84 Days on Market

About This Home

As of May 2023

You don't want to miss out on this legal 3-unit building in North Lawndale. Unit 2 offers 3 bedrooms with 2 full baths and ample storage space throughout and vinyl flooring, freshly painted, bathrooms recently updated as well. You will be amazed with the space this property has to offer. Unit 1 offers 4 bedrooms with 2 full baths. The garden unit features 2 bedrooms and 1 bath. This building also features 2.5 car attached garage which is a great bonus for the new owner. Schedule your private showing today. Property is being sold AS-IS. This will simply not last long!

Last Agent to Sell the Property

Elijah Reese

Serene Realty, Inc. License #471019825 Listed on: 01/18/2023

Co-Listed By

Vadie Reese

Serene Realty, Inc. License #475155216

Last Buyer's Agent

Israel Hernandez

Epique Realty Inc License #475163157

Epique Realty Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,210

Year Built

  • Built in 1927 | Remodeled in 2023

Lot Details

  • 3,964

Parking

  • 2.5 Car Attached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 5 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,210

Year Built

Built in 1927 | Remodeled in 2023

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1927
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2023
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2023

Interior Features

  • Basement: Full
  • Total Bathrooms: 5
  • Total Bedrooms: 8
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 5
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • List Price: 400000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2.5
  • Number of Cars: 2.5
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan, Public

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 3975
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 1210
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2023
Closed on
May 12, 2023
Sold by
Your Own World Llc
Bought by
Ibe Chinedu
Seller's Agent
Elijah Reese
Serene Realty, Inc.
Buyer's Agent
Israel Hernandez
Epique Realty Inc
List Price
$410,000
Sold Price
$385,000
Premium/Discount to List
-$25,000
-6.1%
Views
91
Current Estimated Value
$416,460

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,460
Avg. Annual Appreciation
3.26%
Original Mortgage
$378,026
Outstanding Balance
$365,140
Interest Rate
5.25%
Mortgage Type
FHA
Estimated Equity
$51,320

Purchase Details

Closed on
Nov 30, 2005
Sold by
Hutsona Patrick and Hutsona Tracye Ann
Bought by
Your Own World Llc

Purchase Details

Closed on
Aug 16, 2005
Sold by
Your Own World Llc
Bought by
Hutsona Patrick and Hutsona Tracye Ann

Purchase Details

Closed on
May 17, 2004
Sold by
Hutsona Patrick and Hutsona Tracye A
Bought by
Your Own World Llc

Purchase Details

Closed on
Apr 25, 2003
Sold by
North Star Trust Co
Bought by
Hutsona Patrick and Hutsona Tracye A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
7.24%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 2, 1993
Sold by
Lasalle National Trust Na
Bought by
Lockhart Eddie and Lockhart Bernice
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Ibe Chinedu $385,000 None Listed On Document
Your Own World Llc -- --
Hutsona Patrick -- --
Your Own World Llc -- --
Hutsona Patrick $245,000 Metropolitan Title Co
Lockhart Eddie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ibe Chinedu $378,026
Previous Owner Hutsona Patrick $245,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2023 05/12/23 Sold $385,000 -3.8% $91 / Sq Ft
04/13/2023 04/13/23 Pending -- -- --
03/24/2023 03/24/23 Price Changed $400,000 -2.4% $94 / Sq Ft
01/18/2023 01/18/23 For Sale $410,000 -- $97 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $1,270 $34,764 $5,764 $29,000
2023 $1,238 $6,000 $3,248 $2,752
2022 $1,238 $6,000 $3,248 $2,752
2021 $1,210 $5,999 $3,247 $2,752
2020 $3,030 $13,557 $4,670 $8,887
2019 $3,141 $15,583 $4,670 $10,913
2018 $3,088 $15,583 $4,670 $10,913
2017 $4,101 $18,985 $4,173 $14,812
2016 $3,803 $18,985 $4,173 $14,812
2015 $3,479 $18,985 $4,173 $14,812
2014 $3,591 $19,357 $3,975 $15,382
2013 $3,521 $19,357 $3,975 $15,382
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11702882

Midwest Real Estate Data (MRED)

APN: 16-22-405-045-0000