NOT LISTED FOR SALE

Estimated Value: $222,972 - $271,000

5 Beds
3 Baths
1,240 Sq Ft
$199/Sq Ft Est. Value

Last Sold December 22, 2023

Last sale price $332,000 $268 Per Sq Ft

Est. 26% decrease in value since last sale

Current estimated payment $1,505/month

12 Days on Market

Highlights

  • 2 Car Detached Garage
  • Shed
  • 3-minute walk to Barrett Park

About This Home

As of December 2023

Introducing a remarkable investment opportunity in the vibrant Pilsen neighborhood of Chicago! This cozy multi-unit property is hitting the market for the first time in 30+ years offering so much potential. With its prime location, this property is perfectly situated for those seeking to capitalize on the thriving real estate market in Pilsen. The neighborhood is renowned for its rich culture, artistic vibrancy, and diverse community, making it a highly sought-after destination for residents and investors alike. Featuring 2bd / 1 bath per unit + a finished basement with additional living space. Whether you're looking to rent out the units or occupy one while generating rental income, this property presents an excellent opportunity to maximize your investment. Close to trendy restaurants, cafes, and art galleries. Excellent transportation links. Perfect for investors or first-time buyers looking to enter the Pilsen market. Don't miss out on this exceptional opportunity! This property won't last!!---------------------------------------------------------------------------------------Presentamos una extraordinaria oportunidad de inversion en el vibrante vecindario de Pilsen en Chicago! Esta acogedora propiedad de unidades multiples llega al mercado por primera vez en mas de 30 anos y ofrece tanto potencial. Con su ubicacion privilegiada, esta propiedad esta perfectamente situada para aquellos que buscan capitalizar el prospero mercado inmobiliario de Pilsen. El vecindario es famoso por su rica cultura, vitalidad artistica y comunidad diversa, lo que lo convierte en un destino muy buscado tanto para residentes como para inversores. Con 2 dormitorios/1 bano por unidad + sotano terminado con dormitorios y banos adicionales. Ya sea que este buscando alquilar las unidades u ocupar una mientras genera ingresos por alquiler, esta propiedad presenta una excelente oportunidad para maximizar su inversion. Cerca de restaurantes, cafeterias y galerias de arte de moda. Excelentes conexiones de transporte. Perfecto para inversores o compradores primerizos que buscan ingresar al mercado de Pilsen. No te pierdas esta oportunidad excepcional! Esta propiedad no durara!

Last Agent to Sell the Property

Eduardo Sanchez

RE/MAX MI CASA License #475204292 Listed on: 10/11/2023

RE/MAX MI CASA

Last Buyer's Agent

Gregorio Cirone

xr realty License #471003959

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,816

Lot Details

  • 3,136

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Frame Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Additional Features

  • Basement Fills Entire Space Under The House
  • Shed
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Pilsen Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,816

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Subdivision Name: Pilsen
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0

Exterior Features

  • List Price: 350000
  • OtherStructures: Shed(s), Garage(s)
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 3150
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 7815.96
  • Tax Year: 2022
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 12, 2019
Sold by
Tesmer Donald E
Bought by
Fox Pilsen 2 Llc
Current Estimated Value
$244,486

Purchase Details

Closed on
Mar 3, 2009
Sold by
Tesmer Donald E and Tesmer Donald
Bought by
Tesmer Donald E and Donald E Tesmer Revocable Trust
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
Fox Pilsen 2 Llc $165,000 Fidelity National Title
Tesmer Donald E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fox Pilsen 2 Llc $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2023 12/22/23 Sold $332,000 -5.1% $268 / Sq Ft
10/24/2023 10/24/23 Pending -- -- --
10/11/2023 10/11/23 For Sale $350,000 -- $282 / 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 $1,994 $11,655 $11,655 --
2023 $1,944 $9,450 $9,450 --
2022 $1,944 $9,450 $9,450 $0
2021 $1,900 $9,450 $9,450 $0
2020 $4,744 $21,294 $7,402 $13,892
2019 $6,228 $30,998 $7,402 $23,596
2018 $6,123 $30,998 $7,402 $23,596
2017 $8,963 $41,637 $6,457 $35,180
2016 $8,339 $41,637 $6,457 $35,180
2015 $7,630 $41,637 $6,457 $35,180
2014 $4,839 $26,080 $5,670 $20,410
2013 $4,743 $26,080 $5,670 $20,410
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11905884

Midwest Real Estate Data (MRED)

APN: 17-19-422-014-0000