NOT LISTED FOR SALE

Estimated Value: $280,000 - $354,000

5 Beds
3 Baths
1,246 Sq Ft
$264/Sq Ft Est. Value

Last Sold August 17, 2022

Last sale price $300,000 $241 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,137/month

3 Days on Market

About This Home

As of August 2022

Prime Location!!! Perfect 2 units brick & frame right by Archer. 2 Story Front & Back Multifamily & Detached 2 car garage. Excellent investment for investors with good rental income or just live in one unit and collect one unit of rent. Front Unit has two bedrooms and one full bath with Space Unit Heat, Pervious monthly rent was $900/month. Back unit with just new updates of kitchen and tile floor on the lower floor, with pervious monthly rent was $1250. New kitchen cabinet and white granite countertop. Newer A/C & Furnace only 3 years old. 2nd Floor with spacious separate living room & family room, three bedrooms and two full baths. Tons of storage space under front unit lower floor. Excellent location and 2 minutes walk to Archer. 62 Bus Directly to loop & Orange Line. Walking Distance to Cermak Supermarket & MARIANO'S. Right by 55 expressway & 5 mins to Chinatown with many restaurants near by. Must See !

Last Agent to Sell the Property

Cheryl Hwang

Landmark & Property Group, Inc License #475187599 Listed on: 05/27/2022

Co-Listed By

Wing Ho

Chi Real Estate Group LLC License #471017833

Last Buyer's Agent

Wenxue Zhang

Kale Realty License #475203022

Kale Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,020

Year Built

  • Built in 1895

Lot Details

  • Lot Dimensions are 25 x 125

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,020

Year Built

Built in 1895

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: 1895
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Central Air Conditioner,Laundry Hook-Up,Hardwood Floors

Exterior Features

  • List Price: 318000
  • Waterfront: No
  • Exterior Building Type: Brick,Frame

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
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 25 X 125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 3020.25
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 21, 2003
Sold by
Horn Virgil and Horn Patricia E
Bought by
Chan Chi Fung and Chan Kam Fung
Total Days on Market
3
Current Estimated Value
$328,779

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 29, 1995
Sold by
Mehringer Mehringer Raymond E Raymond E and Mehringer Horn Patricia E
Bought by
Horn Virgil and Horn Patricia E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,500
Interest Rate
7.28%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Chan Chi Fung $191,000 --
Horn Virgil -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chan Chi Fung $270,000
Closed Chan Chi Fung $100,000
Previous Owner Horn Virgil $126,000
Previous Owner Horn Virgil $107,000
Previous Owner Horn Virgil $15,500
Previous Owner Horn Virgil $59,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2022 08/17/22 Sold $300,000 -5.7% $241 / Sq Ft
05/31/2022 05/31/22 Pending -- -- --
05/27/2022 05/27/22 For Sale $318,000 -- $255 / 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 $4,153 $23,000 $9,374 $13,626
2023 $4,027 $23,000 $7,560 $15,440
2022 $4,027 $23,000 $7,560 $15,440
2021 $3,955 $23,000 $7,560 $15,440
2020 $3,020 $16,660 $6,048 $10,612
2019 $3,072 $18,720 $6,048 $12,672
2018 $3,381 $20,552 $6,048 $14,504
2017 $3,032 $17,461 $5,140 $12,321
2016 $2,997 $17,461 $5,140 $12,321
2015 $2,719 $17,461 $5,140 $12,321
2014 $2,370 $15,340 $3,628 $11,712
2013 $2,312 $15,340 $3,628 $11,712
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11417907

Midwest Real Estate Data (MRED)

APN: 17-31-218-020-0000