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

Sale Details

Date 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
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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

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2024
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$491,094
Interest Rate
7.13%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 23, 2014
Closed on
Aug 25, 2014
Sold by
Bought by
Seller's Agent
Terri Tuffner
Coldwell Banker Realty
Buyer's Agent
Kirste Gaudet
@properties Christie's International Real Estate
List Price
$799,000
Sold Price
$749,000
Premium/Discount to List
-$50,000
-6.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$599,200
Interest Rate
3.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 10, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in West Ridge, IL

  • Joanna Krzepkowska Real Estate Agent - HomeSmart Connect LLC

    Joanna Krzepkowska

    HomeSmart Connect LLC

    (630) 250-2995

    161 Total Sales

    1 in West Ridge

    $135,000 Price

    Joanna Krzepkowska
     Section Image
  • Caroline Starr Real Estate Agent - @properties Christie's International Real Estate

    Caroline Starr

    @properties Christie's International Real Estate

    (224) 801-3051

    374 Total Sales

    1 in West Ridge

    $204,500 Price

    Caroline Starr
     Section Image
  • Ken Jungwirth Real Estate Agent - @properties Christie's International Real Estate

    Ken Jungwirth

    Responds Quickly

    @properties Christie's International Real Estate

    (773) 917-1081

    177 Total Sales

    2 in West Ridge

    $700K - $765K Price Range

    Ken Jungwirth
     Section Image
  • Carol O'Malley Real Estate Agent - HomeSmart Connect LLC

    Carol O'Malley

    HomeSmart Connect LLC

    (708) 859-6089

    98 Total Sales

    1 in West Ridge

    $353,000 Price

    Carol O'Malley
     Section Image
  • Tom Campone Real Estate Agent - Keller Williams ONEChicago

    Tom Campone

    Responds Quickly

    Keller Williams ONEChicago

    (725) 228-7482

    200 Total Sales

    1 in West Ridge

    $310,000 Price

    Tom Campone
     Section Image
  • Marla Schneider Real Estate Agent - Coldwell Banker Realty

    Marla Schneider

    Coldwell Banker Realty

    (224) 258-0591

    259 Total Sales

    1 in West Ridge

    $855,000 Price

    Marla Schneider
     Section Image
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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
-- None Listed On Document
$749,000 Atgf Inc
-- --
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 $500,000
Previous Owner $599,200
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
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

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 $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

    12 Total Sales

    Terri Tuffner
    Section Image
  • Kirste Gaudet Real Estate Agent - @ Properties

    Buyer's Agent in 2014

    Kirste Gaudet

    @ Properties

    (773) 330-6956

    1 in this area

    52 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

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) 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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