NOT LISTED FOR SALE

1737 W Devon Ave Chicago, IL 60660

Edgewater Neighborhood

Estimated Value: $6,655,981

39 Beds
43 Baths
-- Sq Ft
0.35 Acres

Last Sold December 23, 2015

Last sale price $4,290,000

Est. 55% increase in value since last sale

Current estimated payment $39,898/month

8 Days on Market

About This Home

As of December 2015

3-STORY, 47 UNIT COURTYARD BUILDING WITH COMMERCIAL FRONTAGE ON DEVON AVE. BUILDING CONSISTS OF TWO (2) TWO-BEDROOMS, THIRTY-FIVE (35) 3.5 RM, ONE-BEDROOMS; (6) LARGE STUDIOS & (4) STORES. CLOSE TO LAKE AND TRANSPORTATION, CORNER BUILDING AT DEVON AND HERMITAGE. A MUST SEE!

Last Agent to Sell the Property

Jim Hodur

Coldwell Banker Commercial NRT License #471004807 Listed on: 08/13/2015

Coldwell Banker Commercial NRT

Last Buyer's Agent

Jim Hodur

Coldwell Banker Commercial NRT License #471004807 Listed on: 08/13/2015

Coldwell Banker Commercial NRT

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $55,305

Year Built

  • 1929

Lot Details

  • 0.35

Home Design

  • Brick Exterior Construction

Community Details

  • Fuel Expense $28,362
  • Insurance Expense $11,569

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$55,305

Year Built

1929

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Corporation, Individual
  • Potential Use: Residential-Multi-Family
  • Utilities To Site: Sewer-Storm Available, Water-Municipal
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2014
  • Net Oper Income: 270254
  • Repairs Decor Expense: 27000
  • Scavenger Expense: 5463
  • Total Annual Exp: 151726
  • Total Annual Income: 421980
  • Total Monthly Income: 35165
  • Number of Ranges: 43
  • Number Of Refrigs: 43
  • Number Of Stories: 3
  • Estimated Year Built: 1929
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1929

Exterior Features

  • Exterior Building Type: Brick
  • Acreage: 0.35
  • Construction: Brick
  • Frontage Access: City Street

Utilities

  • Heatventilation: Radiant
  • Water Expense: 11492

Condo/Co-op/Association

  • Units in Building: 47

Fee Information

  • Electricity Expense: 2491
  • Janitor Expense: 15600

Lot Info

  • Lot Dimensions: 100 X 155
  • Lot Sq Ft: 15500
  • Land Amenities: Sidewalks
  • Parcel Identification Number: 14062020080000

Rental Info

  • Gross Rental Income: 421980
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2014
  • Fuel Expense: 28362
  • Insurance Expense: 11569
  • Other Expenses: 19554
  • Number Of Dryers: 3
  • Number Of Washers: 3

Tax Info

  • Taxes: 30195.73

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2015
Closed on
Dec 16, 2015
Sold by
Win 1737 Llc
Bought by
6364-82 Hermitage Llc
Seller's Agent
Jim Hodur
Coldwell Banker Commercial NRT
Buyer's Agent
Jim Hodur
Coldwell Banker Commercial NRT
List Price
$4,450,000
Sold Price
$4,290,000
Premium/Discount to List
-$160,000
-3.6%
Current Estimated Value
$6,655,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,365,981
Avg. Annual Appreciation
4.57%
Original Mortgage
$3,217,500
Outstanding Balance
$2,673,879
Interest Rate
5.5%
Mortgage Type
Commercial
Estimated Equity
$3,982,102

Purchase Details

Closed on
Nov 18, 2013
Sold by
Danshir Llc
Bought by
Win 1737 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,485,000
Interest Rate
2.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 12, 2004
Sold by
Lasalle Bank Na
Bought by
Danshir Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,650,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
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
6364-82 Hermitage Llc $4,290,000 Prism Title
Win 1737 Llc $3,900,000 Cti
Danshir Llc $3,100,000 Cti
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 6364-82 Hermitage Llc $3,217,500
Previous Owner Win 1737 Llc $2,485,000
Previous Owner Danshir Llc $2,650,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2015 12/23/15 Sold $4,290,000 -3.6% --
08/21/2015 08/21/15 Pending -- -- --
08/13/2015 08/13/15 For Sale $4,450,000 -- --
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 $55,305 $315,429 $77,500 $237,929
2023 $53,914 $262,122 $54,250 $207,872
2022 $53,914 $262,122 $54,250 $207,872
2021 $52,710 $262,122 $54,250 $207,872
2020 $49,848 $223,767 $54,250 $169,517
2019 $44,958 $223,767 $54,250 $169,517
2018 $44,201 $223,767 $54,250 $169,517
2017 $39,671 $184,284 $46,500 $137,784
2016 $36,910 $184,284 $46,500 $137,784
2015 $33,769 $184,284 $46,500 $137,784
2014 $30,804 $166,025 $41,850 $124,175
2013 $30,196 $166,025 $41,850 $124,175
Source: Public Records

Agents Affiliated with this Home

  • Jim Hodur

    Seller's Agent in 2015

    Jim Hodur

    Coldwell Banker Commercial NRT

    (773) 255-4986

    17 Total Sales

    Jim Hodur
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09012077

Midwest Real Estate Data (MRED)

APN: 14-06-202-008-0000

Illinois Cook County Chicago 60626 Edgewater

1737 W Devon Ave, Chicago, IL

This home is located at 1737 W Devon Ave, Chicago, IL 60660 since 13 August 2015 and is currently estimated at $6,655,981. This property was built in 1929. 1737 W Devon Ave is a home located in Cook County with nearby schools including Hayt Elementary School, Senn High School, and Northside Catholic Academy.

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