NOT LISTED FOR SALE

2050 W Farwell Ave Chicago, IL 60645

West Ridge Neighborhood
10 Beds
7 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold August 26, 2014

Last sale price $749,000

83 Days on Market

Highlights

  • Tennis Courts
  • Porch
  • Heating System Uses Steam
  • 4 Car Detached Garage
  • Ceiling Fan
  • Paved or Partially Paved Lot

About This Home

As of August 2014

Fabulously Large Legal 4flat in West Ridge.Perfect for Live-In Owner or Investor. Fully Rented & Well Maintained. Under Market Rents. Spectacular Vintage Units Feature Crown Molding, Arched French Drs, Hardwood Flrs & Decorative Fireplace Surrounds.. 3 units, over 2000 Sq Ft of Sheer Elegant Living! Updated E-I Kitchens & Baths. In-Unit Laundry. Charming & cozy English garden unit. 4 car brick garage. 6.45 Cap Rate

Last Agent to Sell the Property

Terri Tuffner

Coldwell Banker Realty License #475101240 Listed on: 04/23/2014

Coldwell Banker Realty

Last Buyer's Agent

Kirste Gaudet

@properties Christie's International Real Estate License #475135256

@properties Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,573

Year Built

  • Built in 1923

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 55 x 141
  • Paved or Partially Paved Lot

Parking

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

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Storm Screens

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Potential Bedrooms
  • 7 Bathrooms

Unfinished Basement

  • English Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Porch

Utilities

  • Heating System Uses Steam
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Recreation

  • Tennis Courts

Building Details

  • Gross Income $63,011
  • Net Operating Income $51,559

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,573

Year Built

Built in 1923

Lot Details

7,405 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1923
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, English
  • Total Bathrooms: 7
  • Total Bedrooms: 10
  • Other Equipment: Ceiling Fan(s)
  • Basement Description: Unfinished,Exterior Access
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Fireplace-Artificial,Laundry Hook-Up,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Fireplace-Artificial,Laundry Hook-Up,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Fireplace-Artificial,Laundry Hook-Up,Hardwood Floors
  • AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Fireplace-Artificial,Hardwood Floors,Walk-In Closet

Exterior Features

  • ExteriorFeatures: Porch, Storms/Screens
  • Foundation Details: Brick/Mortar, Concrete Perimeter
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 4
  • ParkingTotal: 4
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Steam
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Tennis Courts, Sidewalks, Street Lights, Street Paved

Fee Information

  • Other Expenses $: 8449

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.17
  • Lot Dimensions: 55 X 141
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • Is Parking Included in Price: Yes
  • TenantPays: Electric

Multi Family

  • Net Operating Income: 51559
  • GrossIncome: 63011
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 9573
  • Tax Year: 2012
  • Tax Exemptions: None
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2014 08/26/14 Sold $749,000 -3.9% --
07/15/2014 07/15/14 Pending -- -- --
06/19/2014 06/19/14 Price Changed $779,000 -2.5% --
04/23/2014 04/23/14 For Sale $799,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $14,222 $87,000 $17,449 $69,551
2024 $14,222 $87,000 $17,449 $69,551
2023 $15,545 $70,723 $13,959 $56,764
2022 $15,545 $79,000 $13,959 $65,041
2021 $15,216 $79,000 $13,959 $65,041
2020 $9,523 $45,849 $13,183 $32,666
2019 $9,815 $52,280 $13,183 $39,097
2018 $13,433 $68,004 $13,183 $54,821
2017 $11,740 $54,535 $11,632 $42,903
2016 $10,923 $54,535 $11,632 $42,903
2015 $9,993 $54,535 $11,632 $42,903
2014 $9,884 $55,841 $10,857 $44,984
2013 $9,678 $55,841 $10,857 $44,984
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2014

    Terri Tuffner

    Coldwell Banker Realty

    (773) 719-9525

    15 Total Sales

    Terri Tuffner
    Section Image
  • Kirste Gaudet

    Buyer's Agent in 2014

    Kirste Gaudet

    @ Properties

    (773) 330-6956

    1 in this area

    57 Total Sales

    Kirste Gaudet
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08593997

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60645 West Ridge

2050 W Farwell Ave, Chicago, IL

Not Listed for Sale

MultiFamily

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.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID

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