Seller's Agent in 2025
Karla Mina
MPower Residential Brokerage LLC
(312) 498-8473
8 in this area
110 Total Sales
203 N Leamington Ave Chicago, IL 60644
Austin Neighborhood
8
Beds
3
Baths
2,536
Sq Ft
3,049
Sq Ft Lot
Highlights
- Gated Community
- Multiple Water Heaters
- Paved or Partially Paved Lot
- Forced Air Heating System
- Fenced
About This Home
As of May 2025OUTSTANDING - PROFESSIONALLY MANAGED - TURNKEY INVESTMENT OPPORTUNITY! This legal 3-flat is the high-performing asset you've been manifesting, generating an impressive $56,100 in annual rental income with low operating costs. The landlord's responsibilities are minimal, limited to water, landscaping, snow removal, and an incredibly low annual tax bill of just $2,742.67 (without exemptions). Also, the seller's mortgage interest rate of 2.25% can be assumed by the buyer using Roam. Professionally managed and meticulously maintained, this brick beauty offers separate gas and electric meters, individual tankless water heaters, and central heating & cooling in every unit, ensuring that tenants cover all utilities. Because the cost of doing business is everything when it comes to multi-family ownership, we have covered all the essentials; including a coin operated washer & dryer which collects about $300 to $350/mo; basically covering the water & maintenance bill. This Income-producing building has had zero vacancies in the last three years. The reason is very simple: each unit was refurbished with a seamless blend of modern elegance and functionality. Spacious kitchens equipped with dishwashers, microwave, upgraded stoves and refrigerators. The three spacious bedrooms offer our residents space to grow, entertain and lounge. The 2nd & 3rd units have separate dining and living rooms, updated kitchens with granite countertops, stainless steel appliances, and space for a breakfast table, this property is designed for maximum tenant appeal. The legal main-level 2-bed/1-bath unit boasts a modern kitchen with newer appliances and newer flooring. Recent upgrades include a brand-new (2024) tear-off roof, gated entry, and a coin-operated laundry in the lower level for added convenience to your residents and income to your budget. The fully rented detached 2-car garage rounds out this highly desirable investment. Located in the sought-after Austin neighborhood, close to parks, shopping, and public transit, this fully leased, income-generating property is the perfect addition to any investor's portfolio or owner-occupant landlord.
Last Agent to Sell the Property
MPower Residential Brokerage LLC License #471006190 Listed on: 03/24/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,743
Year Built
- Built in 1910 | Remodeled in 2019
Lot Details
- 3,049 Sq Ft Lot
- Lot Dimensions are 26 x 125
- Fenced
- Paved or Partially Paved Lot
Parking
- 2 Car Garage
- Parking Included in Price
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- Window Screens
- Basement Fills Entire Space Under The House
- Carbon Monoxide Detectors
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Potential Bedrooms
- 3 Bathrooms
Schools
- Spencer Elementary School Math &
- Marshall Middle School
- Marshall Metropolitan High Schoo
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
- Multiple Water Heaters
- Gas Water Heater
Community Details
- 3 Units
- Gross Income $56,100
- Gated Community
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/05/2025 05/05/25 | Sold | $500,000 | +3.1% | $197 / Sq Ft | |
| 04/01/2025 04/01/25 | Pending | -- | -- | -- | |
| 03/24/2025 03/24/25 | For Sale | $485,000 | +15.5% | $191 / Sq Ft | |
| 11/26/2021 11/26/21 | Pending | -- | -- | -- | |
| 11/26/2021 11/26/21 | For Sale | $420,000 | 0.0% | $166 / Sq Ft | |
| 08/27/2021 08/27/21 | Sold | $420,000 | +6.3% | $166 / Sq Ft | View Prior Sale |
| 03/17/2020 03/17/20 | Sold | $395,000 | -3.7% | $156 / Sq Ft | View Prior Sale |
| 02/20/2020 02/20/20 | Pending | -- | -- | -- | |
| 01/27/2020 01/27/20 | Price Changed | $410,000 | -4.6% | $162 / Sq Ft | |
| 12/20/2019 12/20/19 | For Sale | $429,900 | -- | $170 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $2,743 | $25,918 | $3,931 | $21,987 |
| 2024 | $2,743 | $25,918 | $3,931 | $21,987 |
| 2023 | $2,674 | $13,000 | $3,112 | $9,888 |
| 2022 | $2,674 | $13,000 | $3,112 | $9,888 |
| 2021 | $2,614 | $12,999 | $3,112 | $9,887 |
| 2020 | $3,573 | $16,039 | $2,784 | $13,255 |
| 2019 | $3,662 | $18,227 | $2,784 | $15,443 |
| 2018 | $3,600 | $18,227 | $2,784 | $15,443 |
| 2017 | $4,734 | $21,993 | $2,457 | $19,536 |
| 2016 | $4,405 | $21,993 | $2,457 | $19,536 |
| 2015 | $4,030 | $21,993 | $2,457 | $19,536 |
| 2014 | $3,568 | $19,231 | $2,293 | $16,938 |
| 2013 | $3,498 | $19,231 | $2,293 | $16,938 |
Source: Public Records
Agents Affiliated with this Home
-
Karla Mina
-
Sandra Escobedo
Buyer's Agent in 2025
Sandra Escobedo
Revive Real Estate LLC
(773) 603-7993
2 in this area
52 Total Sales
-
Jorge Romero
Seller's Agent in 2020
Jorge Romero
Realty One Group Inc.
(312) 544-9022
7 in this area
109 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12314738
APN: 16094070130000
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