NOT LISTED FOR SALE
14 Beds
6 Baths
6,466 Sq Ft
2,815 Sq Ft Lot Lot

Sale Details

Date Sold: May 17, 2024

Last sale price $1,675,000 $259 Per Sq Ft

11 Days on Market

About This Home

As of May 2024

Located heart of Logan Square/West Bucktown, this prominent six unit sits next to Walgreens on the corner of Campbell and Milwaukee. All units were gut renovated in 2013, 3 of the units had cosmetic updates in 2022. New roof and tuckpointing work done in 2023. All units feature impeccable condo quality finishes, excellent open layouts, bright units, mix of 2 and 3 bedrooms, hardwood floors throughout, in-unit laundry, granite/stainless kitchens w/ backsplash. The building is steps away from Western Blue Line L Stop, both the 56 and 73 bus routes, restaurants, shopping and nightlife in Logan Square and Bucktown. Tenants pay bundled services of $85/unit/month for additional income. Offered at a 6.7% cap rate on in-place revenue. Ability to do cosmetic updates to three units and move to 7.0%+ cap rate. Assumable debt in place at 4.26% with UPB of $1,170,511.

Last Agent to Sell the Property

Josh Krueger

Campbell Street Asset Management Inc License #471017934 Listed on: 03/27/2024

Last Buyer's Agent

Josh Krueger

Campbell Street Asset Management Inc License #471017934 Listed on: 03/27/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,950

Year Built

  • Built in 1892

Lot Details

  • 2,815 Sq Ft Lot
  • Lot Dimensions are 25x112

Home Design

  • Flat Roof Shape

Interior Spaces

  • 6,466 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 6 Bathrooms

Utilities

  • Central Heating and Cooling System
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat, hot water

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $260
  • Insurance Expense $4,650
  • Maintenance Expense $3,500
  • Other Expense $19,290
  • Trash Expense $2,850
  • Water Sewer Expense $1,740
  • Operating Expense $53,000
  • Gross Income $170,700
  • Net Operating Income $117,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,950

Year Built

Built in 1892

Lot Details

2,815 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1892
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 14
  • Fire Protection: Other
  • Fireplaces: 6
  • Drive-In Doors: 6
  • Dishwashers: 6
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 6
  • Room: 0

Exterior Features

  • Frontage Type: City Street
  • Exterior Building Type: Brick,Frame
  • Roof Structure: Flat

Utilities

  • Cooling: Central Air
  • Electric: Service - 0 to 100 Amps
  • Utilities: Water-Municipal
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Leased Washer Dryer YN: Yes

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 2850
  • Water Sewer Expenses: 1740

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.06
  • Lot Dimensions: 25X112
  • Lot Size Sq Ft: 2815
  • Zoning: COMMR

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 6466

Multi Family

  • Net Operating Income: 117000
  • Insurance Expense: 4650
  • ElectricExpense: 260
  • GrossIncome: 170700
  • Maintenance Expense: 3500
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 53000
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 18950
  • Tax Year: 2022
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/17/2024 05/17/24 Sold $1,675,000 -4.3% $259 / Sq Ft
04/08/2024 04/08/24 Pending -- -- --
03/27/2024 03/27/24 For Sale $1,750,000 -- $271 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $17,606 $114,000 $15,764 $98,236
2024 $17,606 $114,000 $15,764 $98,236
2023 $18,948 $83,147 $12,668 $70,479
2022 $18,948 $91,812 $12,668 $79,144
2021 $21,184 $104,999 $12,667 $92,332
2020 $13,445 $60,135 $7,178 $52,957
2019 $14,694 $72,873 $7,178 $65,695
2018 $15,318 $77,547 $7,178 $70,369
2017 $8,754 $40,667 $6,333 $34,334
2016 $8,145 $40,667 $6,333 $34,334
2015 $8,613 $47,004 $6,333 $40,671
2014 $6,671 $35,956 $5,630 $30,326
2013 $2,127 $11,695 $5,630 $6,065
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11848901

Midwest Real Estate Data (MRED)

APN: 13362310010000

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