NOT LISTED FOR SALE
12 Beds
6 Baths
5,832 Sq Ft
2,614 Sq Ft Lot

Last Sold July 23, 2021

Last sale price $1,975,000 $339 Per Sq Ft

14 Days on Market

Highlights

  • Furnished
  • Laundry Room
  • Hot Water Heating System
  • Abraham Lincoln Elementary School Rated A
  • Storage Room
  • 4-minute walk to Bauler Park

About This Home

As of July 2021

GORGEOUS GREYSTONE 6 UNIT IN OLD TOWN / EAST LINCOLN PARK ON ONE OF THE PRETTIEST RESIDENTIAL STREETS. $13,935 / MONTHLY RENT - $167,220 IN ANNUAL GROSS RENTS. NOI OF $115,934, CAP RATE OF 5.8% AND GRM OF 11.9! THERE ARE NOT TOO MANY BUILDINGS LIKE THIS IN LINCOLN PARK. GORGEOUS VINTAGE DETAILS THROUGHOUT INCLUDING LEADED GLASS WINDOWS, ORIGINAL FIREPLACES, BUILT-IN HUTCHES, BEAMED CEILINGS AND OVERSIZED MOLDINGS. VINTAGE DETAILS ARE MIXED WITH MODERN UPDATES. ALL 6 UNITS ARE TWO BED / 1 BATH AND RENT SUPER FAST. 3 UNITS IN FRONT AND 3 UNITS IN BACK AND FULL UNFINISHED BASEMENT. 3 REAR UNITS ALL HAVE WASHER/DRYER IN THE UNITS, PRIVATE DECKS AND THE MITSUBISHI SPLIT DUCTLESS AC. COMMON ROOFDECK WITH AMAZING CITY VIEWS FOR ALL 6 UNITS TO ENJOY. LAUNDRY ROOM FOR FRONT UNITS AND STORAGE IN BASEMENT. 2 EXTERIOR PARKING SPOTS. UNIT 1F IS A REGISTERED AIR B&B APPROVED RENTAL. R5 ZONING. THIS BUILDING HAS BEEN WELL MAINTAINED WITH MAJOR IMPROVEMENTS OVER THE LAST 10 YEARS -- A LIST OF IMPROVEMENTS AND RENT ROLL UNDER ADDITIONAL DOCUMENTS. ONE OF THE BEST CHICAGO NEIGHBORHOODS - WALKING DISTANCE TO THE LAKE, PUBLIC TRANSPORTATION (BROWN & RED LINE) AMAZING RESTAURANTS, SHOPPING, STEPPENWOLF THEATER, SECOND CITY, ETC. BUILDING IN GREAT SHAPE BUT SOLD AS-IS.

Last Agent to Sell the Property

Sharon O'Hara

@properties Christie's International Real Estate Listed on: 05/14/2021

@properties Christie's International Real Estate

Last Buyer's Agent

Scott Tran

Fulton Grace Realty License #475195158

Fulton Grace Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,535

Year Built

  • Built in 1895

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 24x122

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 3-Story Property
  • Furnished
  • Storage Room
  • Laundry Room
  • Unfinished Basement

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Radiator
  • Hot Water Heating System
  • Heating System Uses Steam

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $1,007
  • Fuel Expense $9,213
  • Insurance Expense $2,546
  • Manager Expense $6,500
  • Trash Expense $1,791
  • Water Sewer Expense $2,494
  • Operating Expense $51,286
  • Gross Income $13,485
  • Net Operating Income $115,934

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,535

Year Built

Built in 1895

Lot Details

2,614 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1895
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 12
  • Basement Description: Unfinished
  • Misc Inside: Storage Inside,Furnished Units Available,Laundry Room
  • Fireplaces: 4
  • Dishwashers: 6
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 4
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Block
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: Wall Sleeve, Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Hot Water,Radiators,Steam

Condo/Co-op/Association

  • Manager Expense: 6500
  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1791
  • Water Sewer Expenses: 2494

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.06
  • Lot Dimensions: 24X122
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 115934
  • Fuel Expense: 9213
  • Insurance Expense: 2546
  • ElectricExpense: 1007
  • GrossIncome: 13485
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 51286
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 26535
  • Tax Year: 2019
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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
07/23/2021 07/23/21 Sold $1,975,000 -1.0% $339 / Sq Ft
05/28/2021 05/28/21 Pending -- -- --
05/14/2021 05/14/21 For Sale $1,995,000 -- $342 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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
2025 $34,055 $204,000 $45,384 $158,616
2024 $34,055 $204,000 $45,384 $158,616
2023 $33,198 $161,405 $36,600 $124,805
2022 $33,198 $161,405 $36,600 $124,805
2021 $33,984 $169,000 $36,600 $132,400
2020 $26,480 $118,869 $32,208 $86,661
2019 $26,536 $132,077 $32,208 $99,869
2018 $26,090 $132,077 $32,208 $99,869
2017 $27,183 $126,273 $26,352 $99,921
2016 $25,291 $126,273 $26,352 $99,921
2015 $23,139 $126,273 $26,352 $99,921
2014 $18,915 $101,947 $20,496 $81,451
2013 $18,542 $101,947 $20,496 $81,451
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11088159

Midwest Real Estate Data (MRED)

APN: 14333170290000

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