Seller's Agent in 2022
John Warren
Forte Properties, Inc.
(847) 894-2433
3 in this area
253 Total Sales
2046 E 73rd St Chicago, IL 60649
South Shore Neighborhood
12
Beds
6
Baths
6,588
Sq Ft
5,080
Sq Ft Lot
About This Home
As of October 2022South Shore cash cow for sale! Looking for an armchair investment with some upside included? This six unit apartment building presents the new owner with the opportunity to acquire an in place cap rate of 9.6 with pro forma numbers topping a 12 cap. The building has six 2 bed/1 bath apartments. The building was fully rehabbed in 2016 and all units have updated kitchens and baths. Tenants pay the heat in this building as all six apartments have separate gas forced air as well. The property is located walking distance to Lake Michigan, near the Jeffery Plaza Shopping Center and near all the best public transit hubs. With the fantastic location in the South Shore neighborhood, plenty of upside on the rents and stable income history, this six unit is a once in a lifetime opportunity.
Last Agent to Sell the Property
Forte Properties, Inc. License #471020680 Listed on: 08/02/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,250
Year Built
- Built in 1913
Lot Details
- 5,080 Sq Ft Lot
- Lot Dimensions are 40 x 127
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Reflective Roof
- Rubber Roof
- Concrete Block And Stucco Construction
- Concrete Perimeter Foundation
Interior Spaces
- 3-Story Property
- Unfinished Basement
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Bathrooms
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for electricity, heat
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $1,182
- Fuel Expense $1,875
- Insurance Expense $4,035
- Maintenance Expense $5,137
- Other Expense $965
- Trash Expense $1,147
- Water Sewer Expense $5,480
- Operating Expense $24,296
- Gross Income $71,640
- Net Operating Income $47,344
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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 |
|---|---|---|---|---|---|
| 10/14/2022 10/14/22 | Sold | $470,000 | -10.5% | $71 / Sq Ft | |
| 09/02/2022 09/02/22 | Pending | -- | -- | -- | |
| 08/02/2022 08/02/22 | For Sale | $525,000 | +26.5% | $80 / Sq Ft | |
| 08/01/2018 08/01/18 | Sold | $415,000 | -2.4% | -- | View Prior Sale |
| 06/15/2018 06/15/18 | Pending | -- | -- | -- | |
| 05/29/2018 05/29/18 | For Sale | $425,000 | 0.0% | -- | |
| 05/29/2018 05/29/18 | Price Changed | $425,000 | -2.3% | -- | |
| 05/03/2018 05/03/18 | For Sale | $435,000 | +4.8% | -- | |
| 04/30/2018 04/30/18 | Off Market | $415,000 | -- | -- | |
| 04/09/2018 04/09/18 | Pending | -- | -- | -- | |
| 02/14/2018 02/14/18 | Price Changed | $435,000 | -3.3% | -- | |
| 01/22/2018 01/22/18 | For Sale | $450,000 | +8.4% | -- | |
| 01/17/2018 01/17/18 | Off Market | $415,000 | -- | -- | |
| 01/04/2018 01/04/18 | For Sale | $450,000 | +857.4% | -- | |
| 06/30/2015 06/30/15 | Sold | $47,000 | -76.5% | $7 / Sq Ft | View Prior Sale |
| 03/21/2015 03/21/15 | Pending | -- | -- | -- | |
| 07/24/2010 07/24/10 | For Sale | $199,900 | -- | $30 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
-
John Warren
-
Rudy Yanez
R
Seller Co-Listing Agent in 2022
Rudy Yanez
Forte Properties, Inc.
(708) 691-9171
1 in this area
6 Total Sales
-
Marco Cesario
Seller's Agent in 2018
Marco Cesario
Jameson Commercial
(312) 315-7173
5 in this area
12 Total Sales
-
Jeffrey Baasch
J
Seller Co-Listing Agent in 2018
Jeffrey Baasch
AW Properties Global/Auction Works
(312) 676-1866
1 Total Sale
-
G
Seller's Agent in 2015
Gerald Williams
Allpoints Realty Group Inc
-
Paul Swanson
Buyer's Agent in 2015
Paul Swanson
Baird Warner
(847) 477-9501
92 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11480713
APN: 20252080290000
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