NOT LISTED FOR SALE
13 Beds
8 Baths
5,192 Sq Ft
2,614 Sq Ft Lot

Last Sold July 01, 2022

Last sale price $1,020,000 $196 Per Sq Ft

99 Days on Market

About This Home

As of July 2022

Rare value-added opportunity in the heart of the hot Pilsen neighborhood. The property is surrounded by ample restaurants, grocery stores, and other living amenities within walking distance to the bus station and Metro purple line. The front building has 6 units plus 1 nonconforming unit which needs work to finish, 2 units are in the coach house. 100% occupied with all MTM leases which gives the new owner flexibility to do the value-added work. Large potential to increase rent amounts

Last Agent to Sell the Property

Paul Tsakiris

First Western Properties License #471005153 Listed on: 03/21/2022

Last Buyer's Agent

Art Collazo

Jameson Sotheby's Intl Realty License #475131028

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,382

Year Built

  • Built in 1885

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 25x109

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Laundry Room
  • Unfinished Basement

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 8 Bathrooms

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Space Heater
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 8 Units

Building Details

  • Insurance Expense $3,000
  • Trash Expense $1,492
  • Water Sewer Expense $1,048
  • Operating Expense $10,922
  • Gross Income $76,800
  • Net Operating Income $65,878

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,382

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1885
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 13
  • Basement Description: Unfinished
  • Misc Inside: Laundry Room
  • Dishwashers: 0
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 1100000
  • Exterior Building Type: Brick

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Central Bldg Heat,Central Heat/Indiv Controls,Gas,Space Heaters

Fee Information

  • Trash Expense: 1492
  • Water Sewer Expenses: 1048
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.06
  • Lot Dimensions: 25X109

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8

Multi Family

  • Net Operating Income: 65878
  • Insurance Expense: 3000
  • GrossIncome: 76800
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 10922
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 5382
  • Tax Year: 2020

Range of Values:

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Sold Price
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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 List to Sale Price per Sq Ft
07/01/2022 07/01/22 Sold $1,020,000 -7.3% $196 / Sq Ft
06/29/2022 06/29/22 Pending -- -- --
03/21/2022 03/21/22 For Sale $1,100,000 -- $212 / Sq Ft
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: 11352706

Midwest Real Estate Data (MRED)

APN: 17203240060000