NOT LISTED FOR SALE
31 Beds
20 Baths
4,600 Sq Ft
3,125 Sq Ft Lot

Last Sold March 11, 2022

Last sale price $2,465,000 $536 Per Sq Ft

102 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • 3-minute walk to Armitage Station
  • 3-minute walk to Park No. 535
  • Mayer Elementary School Rated A-

About This Home

As of March 2022

RARELY AVAILABLE INVESTMENT OPPORTUNITY IN THE HEART OF LINCOLN PARK!! This 7 unit walk up building was fully rehabbed in 2018, over a million plus dollars put into the building. All Stainless steel appliances, granite countertops, hardwood floors, new windows, plumbing, electrical, sub-pump system, 7 new furnaces, 7 new hot water heater, new AC units, all 7 units have in unit washer/dryer and each unit has their own furnace and water heater. This building features (3) 1bed/1bath units with private outdoor spaces, (3) 2bed/1bath and (1) 4bed/2bath units with a shared back patio, plus a 2 car garage. This building has yet to have a vacancy in over 6 years and tenants stay a long time. Tenants pay for their own gas and electric. Walking distance to brown line, DePaul university, Restaurants, shopping, lakefront and the Lincoln Park Zoo. This building is truly an investors dream!

Last Agent to Sell the Property

Victoria Waliczek

Coldwell Banker Realty License #475175495 Listed on: 09/29/2021

Coldwell Banker Realty

Last Buyer's Agent

John Campas

Baird & Warner License #475154566

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,535

Year Built

  • Built in 1885

Lot Details

  • 3,125 Sq Ft Lot
  • Lot Dimensions are 25x125

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 4,600 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 31 Bedrooms
  • 20 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 7 Units

Building Details

  • Operating Expense $35,434
  • Gross Income $182,700
  • Net Operating Income $147,265

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,535

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 4
  • Year Built: 1885
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 20
  • Total Bedrooms: 31
  • Fireplaces: 7
  • Drive-In Doors: 0
  • Dishwashers: 7
  • Refrigerators: 7
  • Ranges: 7
  • Number of Washers: 7
  • Room: 5
  • Room: 5
  • Room: 8

Exterior Features

  • List Price: 2605000
  • Exterior Building Type: Brick

Garage/Parking

  • Indoor Parking: Detached

Utilities

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air,Gas
  • Leased Washer Dryer YN: Yes

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X125
  • Lot Size Sq Ft: 3125

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 4600

Multi Family

  • Net Operating Income: 147265
  • GrossIncome: 182700
  • NumberOfUnitsTotal: 7
  • OperatingExpense: 35434
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 26535
  • Tax Year: 2020

Range of Values:

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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
03/11/2022 03/11/22 Sold $2,465,000 -5.4% $536 / Sq Ft
01/10/2022 01/10/22 Pending -- -- --
09/29/2021 09/29/21 For Sale $2,605,000 +61.8% $566 / Sq Ft
08/14/2015 08/14/15 Sold $1,610,000 -13.0% --
05/20/2015 05/20/15 Pending -- -- --
01/12/2015 01/12/15 For Sale $1,850,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11233171

Midwest Real Estate Data (MRED)

APN: 14324090100000