Craig Franzen
Baird & Warner
(855) 532-9894
43 Total Sales
1 in South Shore
$134,900 Price
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
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
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Shore, IL
-
Craig Franzen
-
Tammy Jackson
Tammy Jackson
KM Realty Group, LLC
(888) 613-3243
73 Total Sales
4 in South Shore
$45K - $150K Price Range
-
Hugo Araujo
Hugo Araujo
Coldwell Banker Realty
(773) 819-6179
157 Total Sales
3 in South Shore
$160K - $163K Price Range
-
Brandice Hampton
Brandice Hampton
Baird & Warner
(630) 360-8819
126 Total Sales
5 in South Shore
$155K - $440K Price Range
-
Jeanne Keating
Jeanne Keating
Compass
(855) 211-8768
132 Total Sales
1 in South Shore
$78,000 Price
-
Carolyn Whiteurst
Carolyn Whiteurst
Whiteurst Properties LLC
(855) 508-1147
10 Total Sales
1 in South Shore
$51,000 Price
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Chicago Title | ||
| 2046 E 73Rd Llc | $415,000 | Chicago Title Land | |
| Chicago Title Land Trust Co | -- | Chicago Title Land Trust Com | |
| Kn Housing Llc | $47,000 | Stewart Title | |
| Graham Rafael A | $464,500 | Cti | |
| Fakuade Joseph T | $365,000 | Cti |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $376,000 | ||
| Previous Owner | 2046 E 73Rd Llc | $332,000 | |
| Previous Owner | Chicago Title Land Trust Co | $256,000 | |
| Previous Owner | Graham Rafael A | $348,000 |
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 | 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
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 | $5,929 | $39,848 | $4,536 | $35,312 |
| 2024 | $5,929 | $39,848 | $4,536 | $35,312 |
| 2023 | $5,759 | $28,000 | $6,300 | $21,700 |
| 2022 | $5,759 | $28,000 | $6,300 | $21,700 |
| 2021 | $5,631 | $28,000 | $6,300 | $21,700 |
| 2020 | $4,250 | $19,080 | $6,300 | $12,780 |
| 2019 | $4,307 | $21,439 | $6,300 | $15,139 |
| 2018 | $4,235 | $21,439 | $6,300 | $15,139 |
| 2017 | $4,342 | $20,169 | $5,544 | $14,625 |
| 2016 | $5,273 | $26,329 | $5,544 | $20,785 |
| 2015 | $4,825 | $26,329 | $5,544 | $20,785 |
| 2014 | $4,651 | $25,065 | $4,536 | $20,529 |
| 2013 | $4,559 | $25,065 | $4,536 | $20,529 |
Source: Public Records
Agents Affiliated with this Home
-
John Warren
Seller's Agent in 2022
John Warren
Forte Properties, Inc.
(847) 894-2433
2 in this area
231 Total Sales
-
Rudy Yanez
RY
Seller Co-Listing Agent in 2022
Rudy Yanez
Forte Properties, Inc.
(708) 791-9171
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
JB
Seller Co-Listing Agent in 2018
Jeffrey Baasch
AW Properties Global/Auction Works
(312) 676-1866
1 Total Sale
-
GW
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
94 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11480713
APN: 20252080290000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
Nearby Homes
- 2050 E 73rd St
- 2044 E 72nd Place Unit 3
- 2121 E 72nd St
- 7230 S Luella Ave
- 1957 E 72nd St
- 7414 S Chappel Ave
- 7325 S Euclid Ave
- 7431 S Paxton Ave Unit 3A
- 7406 S Crandon Ave
- 7020 S Paxton Ave Unit GS
- 2200 E 70th Place Unit 203
- 2315 E 70th Place Unit 213
- 2348 E 71st St Unit P18
- 2348 E 71st St Unit P-44
- 7526 S Merrill Ave
- 7528 S Merrill Ave
- 7527 S Chappel Ave
- 6945 S Chappel Ave Unit 3A
- 2335 E 70th Place Unit 205
- 7450 S Euclid Pkwy
- 2107 E 72nd Place
- 2111 E 72nd Place
- 2111 E 72nd Place Unit 2
- 2101 E 72nd Place
- 2063 E 72nd Place
- 2059 E 72nd Place
- 2100 E 73rd St
- 2100 E 73rd St Unit 2
- 2055 E 72nd Place
- 2106 E 73rd St
- 7232 S Merrill Ave
- 2104 E 73rd St
- 2104 E 72nd Place
- 2110 E 73rd St
- 2062 E 73rd St
- 2108 E 72nd Place Unit 6
- 2108 E 72nd Place Unit 1N
- 2108 E 72nd Place
- 2108 E 72nd Place Unit 2N
- 2108 E 72nd Place Unit G
Your Personal Tour Guide
Ask me questions while you tour the home.