Lonzetta McKennie
@properties Christie's International Real Estate
(331) 241-6916
33 Total Sales
2 in South Shore
$90K - $285K Price Range
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
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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
-
Lonzetta McKennie
-
Rafay Qamar
Rafay Qamar
Real Broker LLC
(833) 359-9113
1,071 Total Sales
6 in South Shore
$39K - $335K Price Range
-
Ericka Taylor
Ericka Taylor
Coldwell Banker Realty
(708) 905-4835
153 Total Sales
7 in South Shore
$55K - $155K Price Range
-
Ned Malley
Ned Malley
Responds QuicklyInfiniti Properties, Inc.
(708) 859-7846
90 Total Sales
2 in South Shore
$46K - $155K Price Range
-
Lisa Magidson
Lisa Magidson
North Clybourn Group, Inc.
(888) 367-2916
143 Total Sales
1 in South Shore
$55,000 Price
-
Marsha Green
Marsha Green
Real People Realty
(708) 934-0761
86 Total Sales
2 in South Shore
$140K - $228K Price Range
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
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