NOT LISTED FOR SALE

1871 N Sheffield Ave Chicago, IL 60614

Old Town Neighborhood
6 Beds
6 Baths
-- Sq Ft
-- Built

Last Sold August 31, 2015

Last sale price $1,125,000

75 Days on Market

Highlights

  • 2 Car Detached Garage
  • 2-minute walk to Armitage Station
  • Intercom
  • Mayer Elementary School Rated A-
  • Porch
  • 2-minute walk to Privet Park

About This Home

As of August 2015

All brick 4-unit building in the heart of Lincoln Park! Excellent money maker in a phenomenal location, this multi-unit has three 1BR/1BA units and a 3BR/2.5BA duplex up owner's unit. All kitchens and bathrooms remodeled in the past 10 years, each unit has it's own furnace & central air, hardwood floors, exposed brick, 2-car garage. Owner's unit is very updated with it's own washer & dryer, there is also coin laundry in the basement. Building is in great condition, easy to rent, never a vacancy in 10 years! This is a great investment for either armchair investor or live-in owner. Currently brings in $7850/month, $94200/year + $500/year in coin laundry. 6.5 cap at this list price. One block to the el stop and all of the Armitage shopping and restaurants.

Last Agent to Sell the Property

Mark Baetzel

@properties Christie's International Real Estate License #475118702 Listed on: 06/03/2015

@properties Christie's International Real Estate

Co-Listed By

Peter Castaldo

@properties Christie's International Real Estate License #475163142

Last Buyer's Agent

Shara Fata

Hashlang, Inc. License #475130067

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,070

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Stone Foundation

Interior Spaces

  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 6 Bathrooms

Home Security

  • Intercom
  • Storm Screens
  • Carbon Monoxide Detectors

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Lake Michigan Water

Additional Features

  • Porch
  • Lot Dimensions are 25 x 125

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $94,200
  • Net Operating Income $89,056

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,070

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 6
  • Total Bedrooms: 6
  • Other Equipment: Intercom, CO Detectors, Ceiling Fan(s)
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 5
  • Half Bathrooms in Building: 1
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Central Air Conditioner,Garage/Space,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Central Air Conditioner,Hardwood Floors
  • AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Fireplace-Wood,Garage/Space,Hardwood Floors,Skylights/Windows
  • Room: 5

Exterior Features

  • ExteriorFeatures: Porch, Storms/Screens
  • Foundation Details: Stone
  • List Price: 1175000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Indv Controls
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Fee Information

  • Other Expenses $: 5144

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 25 X 125
  • Zoning: MULTI
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat,Parking

Multi Family

  • Net Operating Income: 89056
  • GrossIncome: 94200
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 11070
  • Tax Year: 2013
  • Tax Exemptions: Homeowner

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2015 08/31/15 Sold $1,125,000 -4.3% --
08/17/2015 08/17/15 Pending -- -- --
08/13/2015 08/13/15 Price Changed $1,175,000 -2.1% --
07/21/2015 07/21/15 For Sale $1,200,000 0.0% --
07/14/2015 07/14/15 Pending -- -- --
07/07/2015 07/07/15 Price Changed $1,200,000 -4.0% --
06/03/2015 06/03/15 For Sale $1,250,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08942182

Midwest Real Estate Data (MRED)