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

Sale Details

Date 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

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
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

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 $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

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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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