NOT LISTED FOR SALE

2022 W Potomac Ave Chicago, IL 60622

Wicker Park Neighborhood

Estimated Value: $1,035,064

5 Beds
2 Baths
2,142 Sq Ft
$483/Sq Ft Est. Value

Last Sold August 30, 2018

Last sale price $710,000 $331 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $6,313/month

25 Days on Market

Highlights

  • Deck
  • Rowhouse Architecture
  • 2 Car Detached Garage
  • A.N. Pritzker School Rated A-
  • Fenced Yard
  • 4-minute walk to Wicker (Charles, Joel) Park

About This Home

As of August 2018

One of Wicker Park's storybook setting streets. Landmark District full Brick South Facing Vintage Gem Da la Gem 2 Flat set on 25 x 132 foot lot. Each unit offers private entry, wide planked hardwood floors, formal dining rooms, eat in kitchens, separate central air/gas forced air, washer dryer in unit, numerous vintage appointments, rear porches overlooking over sized yard, 2 car garage. Ideal for Owner occupant and/or Single family conversion. Unit 1 lease 1 year @ 1850 per month with 90 day cancelation clause, Unit 2 $1895.00 coming up August 2018. Long term owner purchased in mid 90's from estate of previous seller, who's family may have been the original owner from 1885 (not verified but so the story goes from long term neighbors)

Last Agent to Sell the Property

Karen Biazar

North Clybourn Group, Inc. License #471003309 Listed on: 06/25/2018

Co-Listed By

Staci Slattery

North Clybourn Group, Inc. License #471017646

Last Buyer's Agent

Jeffrey Proctor

@properties Christie's International Real Estate License #475119674

@properties Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,224

Year Renovated

  • 1996

Lot Details

  • Lot Dimensions are 25x132
  • Fenced Yard
  • Paved or Partially Paved Lot

Parking

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

Home Design

  • Rowhouse Architecture
  • Flat Roof Shape
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Partial Basement
  • Crawl Space

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Outdoor Features

  • Deck

Schools

  • Pritzker Elementary School
  • Clemente Community Academy Senio High School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Cable TV Available

Community Details

Overview

  • 2 Units
  • Wicker Park Subdivision

Building Details

  • Gross Income $44,940
  • Net Operating Income $3,197

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,224

Year Renovated

1996

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Row House
  • New Construction: No
  • Subdivision Name: WICKER PARK
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Historical District
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 1996
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 1996

Interior Features

  • Basement: Partial
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Other Equipment: TV-Cable, CO Detectors
  • Basement Description: Unfinished,Crawl
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer

Exterior Features

  • ExteriorFeatures: Deck, Storms/Screens, Cable Access
  • Foundation Details: Other
  • List Price: 789000
  • Lot Features: Fenced Yard
  • Roof: Flat
  • 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
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Street Lights, Street Paved

Fee Information

  • Other Expenses $: 12968

Schools

  • Elementary School: PRITZKER ELEMENTARY SCHOOL
  • High School: CLEMENTE COMMUNITY ACADEMY SENIO
  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X132
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 3197
  • GrossIncome: 44940
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 11224.15
  • Tax Year: 2016
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2018
Closed on
Aug 30, 2018
Sold by
Chicago Title Land Trust Co
Bought by
Foreit Claude
Seller's Agent
Karen Biazar
North Clybourn Group, Inc.
Buyer's Agent
Jeffrey Proctor
@properties Christie's International Real Estate
List Price
$789,000
Sold Price
$710,000
Premium/Discount to List
-$79,000
-10.01%
Current Estimated Value
$1,035,064

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$325,064
Avg. Annual Appreciation
5.44%
Original Mortgage
$568,000
Outstanding Balance
$487,345
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$547,719

Purchase Details

Closed on
Jan 19, 1995
Sold by
Murphy Patrick T
Bought by
Lasalle National Trust Na
Source: Public Records

Range of Values:

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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
Foreit Claude $710,000 Chicago Title
Lasalle National Trust Na $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Foreit Claude $568,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2018 08/30/18 Sold $710,000 -10.0% $331 / Sq Ft
07/20/2018 07/20/18 Pending -- -- --
06/25/2018 06/25/18 For Sale $789,000 -- $368 / 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 $9,646 $87,500 $32,835 $54,665
2023 $9,375 $53,081 $21,195 $31,886
2022 $9,375 $53,081 $21,195 $31,886
2021 $9,166 $45,580 $21,195 $24,385
2020 $13,585 $60,983 $15,015 $45,968
2019 $12,536 $62,396 $15,015 $47,381
2018 $13,583 $68,764 $15,015 $53,749
2017 $12,064 $56,040 $13,200 $42,840
2016 $11,224 $56,040 $13,200 $42,840
2015 $10,269 $56,040 $13,200 $42,840
2014 $8,680 $46,785 $11,550 $35,235
2013 $8,509 $46,785 $11,550 $35,235
Source: Public Records

Agents Affiliated with this Home

  • Karen Biazar

    Seller's Agent in 2018

    Karen Biazar

    North Clybourn Group, Inc.

    (773) 645-7900

    31 in this area

    858 Total Sales

    Karen Biazar
    Section Image
  • Staci Slattery

    Seller Co-Listing Agent in 2018

    Staci Slattery

    North Clybourn Group, Inc.

    (773) 645-7907

    24 in this area

    485 Total Sales

    Staci Slattery
    Section Image
  • Jeffrey Proctor

    Buyer's Agent in 2018

    Jeffrey Proctor

    @ Properties

    (773) 517-6026

    8 in this area

    203 Total Sales

    Jeffrey Proctor
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09997398

Midwest Real Estate Data (MRED)

APN: 17-06-121-037-0000

Illinois Cook County Chicago 60622 Wicker Park

2022 W Potomac Ave, Chicago, IL

This home is located at 2022 W Potomac Ave, Chicago, IL 60622 since 25 June 2018 and is currently priced at $1,035,064, approximately $483 per square foot. 2022 W Potomac Ave is a home located in Cook County with nearby schools including A.N. Pritzker School, Clemente Community Academy High School, and Guidepost Montessori at Wicker Park.

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