NOT LISTED FOR SALE

Estimated Value: $583,711 - $704,000

12 Beds
6 Baths
-- Sq Ft
2,178 Sq Ft Lot

Last Sold January 19, 2018

Last sale price $372,500

Est. 73% increase in value since last sale

Current estimated payment $4,274/month

101 Days on Market

About This Home

As of January 2018

6 Unit building ON BUSY WESTERN AVE. Located in the Heart of Chicago/West Pilsen area. All 6 units have 2 bedrooms 1 bath. Full basement for storage, etc. Coin operated laundry. All units are rented. No vacancy. Close to public transportation. Just minutes to the Downtown Business District. 2 blocks to Western Pink/Orange lines, Metra. A short walk to stores, bars, etc. Bill boards bring in additional income.

Last Agent to Sell the Property

Svetlana Cole

Charles Rutenberg Realty of IL License #475122848 Listed on: 07/14/2017

Charles Rutenberg Realty of IL

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,128

Year Built

  • 1898

Lot Details

  • 2,178

Home Design

  • Brick Exterior Construction
  • Frame Construction

Additional Features

  • Unfinished Basement

Community Details

  • Fuel Expense $1,949
  • Insurance Expense $2,567

Listing and Financial Details

  • Tenant pays for electric, heat

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,128

Year Built

1898

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Potential Use: Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2016
  • Net Oper Income: 15818
  • Repairs Decor Expense: 5000
  • Total Annual Exp: 14969
  • Total Annual Income: 41520
  • Total Monthly Income: 3450
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Stories: 3
  • Estimated Year Built: 1898
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1898

Interior Features

  • Basement: Unfinished

Exterior Features

  • Exterior Building Type: Brick, Frame
  • Acreage: 0.05
  • Frontage Access: City Street

Utilities

  • Heatventilation: Gas, Wall Unit
  • Water Expense: 2495

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 1458
  • Janitor Expense: 800

Lot Info

  • Lot Dimensions: 28X83
  • Lot Sq Ft: 2324
  • Parcel Identification Number: 17193060250000

Rental Info

  • Gross Rental Income: 41520
  • Tenant Pays: Electric, Heat

Multi Family

  • Expense Year: 2015
  • Fuel Expense: 1949
  • Insurance Expense: 2567
  • Other Expenses: 700
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 5440

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2017
Closed on
Jan 19, 2018
Sold by
Almanza Hector and Almanza Adriana
Bought by
Corazon De Chicago Llc
Seller's Agent
Svetlana Cole
Charles Rutenberg Realty of IL
Buyer's Agent
Non Member
NON MEMBER
List Price
$415,000
Sold Price
$372,500
Premium/Discount to List
-$42,500
-10.24%
Current Estimated Value
$643,856

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,356
Avg. Annual Appreciation
7.02%
Original Mortgage
$202,500
Interest Rate
3.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 28, 2009
Sold by
Citizens Community Bank Of Illinois
Bought by
Almanza Hector and Almanza Adriana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 5, 2009
Sold by
Pizano Ubertino
Bought by
Citizens Community Bank Of Illinois
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
Corazon De Chicago Llc $372,500 Lakeland Title Services
Almanza Hector $275,000 Cti
Citizens Community Bank Of Illinois -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Corazon De Chicago Llc $2,212,500
Closed Corazon De Chicago Llc $202,500
Previous Owner Almanza Hector $270,000
Previous Owner Pizano Dario $270,000
Previous Owner Pizano Ubertino $280,000
Previous Owner Pizano Ubertino $300,000
Previous Owner Pizano Ubertino $30,672
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2018 01/19/18 Sold $372,500 -10.2% --
10/23/2017 10/23/17 Pending -- -- --
10/06/2017 10/06/17 For Sale $415,000 0.0% --
08/18/2017 08/18/17 Pending -- -- --
08/11/2017 08/11/17 For Sale $415,000 0.0% --
07/25/2017 07/25/17 Pending -- -- --
07/14/2017 07/14/17 For Sale $415,000 -- --
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 $10,128 $53,000 $8,599 $44,401
2023 $9,873 $48,000 $6,972 $41,028
2022 $9,873 $48,000 $6,972 $41,028
2021 $9,652 $48,000 $6,972 $41,028
2020 $5,275 $23,679 $5,461 $18,218
2019 $5,468 $27,218 $5,461 $21,757
2018 $5,376 $27,218 $5,461 $21,757
2017 $6,391 $29,688 $4,764 $24,924
2016 $5,946 $29,688 $4,764 $24,924
2015 $5,440 $29,688 $4,764 $24,924
2014 $4,287 $23,103 $4,183 $18,920
2013 $4,202 $23,103 $4,183 $18,920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09690901

Midwest Real Estate Data (MRED)

APN: 17-19-306-025-0000