NOT LISTED FOR SALE
4 Beds
2 Baths
-- Sq Ft
1897 Built

Sale Details

Date Sold: October 16, 2023

Last sale price $350,000

55 Days on Market

About This Home

As of October 2023

Welcome to the thriving neighborhood of Logan Square! We present to you an exceptional opportunity to own a charming 2-Flat, which could possibly be converted to a 4-flat or even a single family in this up-and-coming area, perfect for investors and savvy homebuyers looking to make their mark. This property boasts immense potential and is eagerly awaiting a complete remodel to unleash its full splendor. Property Highlights: Ideal Location: Situated in the heart of Logan Square, this property benefits from all the perks of city living. Enjoy easy access to trendy cafes, restaurants, boutique shops, and a vibrant arts scene that makes this neighborhood so sought after. Two-Flat Beauty: This traditional Chicago-style 2-Flat offers versatility and income-generating possibilities. With two separate units, you have the option to live in one and rent out the other, generating a passive income to help with mortgage expenses. Endless Potential: This property is a blank canvas, waiting for your creative touch to transform it into a modern urban oasis. From reimagining the interior layout to updating the facade, the possibilities are limited only by your imagination. Income-Producing: Already a fantastic investment, this property could provide a steady stream of revenue from rental units. With the increasing popularity of Logan Square, the rental demand is expected to rise, making this property a smart long-term investment. Vacant Lot Adjacent: Included with the property is a vacant lot right next door. Let your vision and ambition drive you to unlock the full potential of this valuable addition with possibility of parking lot or garage. Rapidly Growing Neighborhood: Logan Square has been steadily rising as a favored destination for young professionals, artists, and families. Its strong sense of community, great restaurant scene, and excellent transportation options make it an appealing location for prospective tenants and buyers alike. Investment in the Future: As an up-and-coming neighborhood, Logan Square offers the chance to invest in a rapidly growing market with promising appreciation potential. Take advantage of this opportunity to secure a prime piece of real estate in a highly desirable location. If you are a visionary investor or a homebuyer looking for an exciting project, this 2-Flat in Logan Square is the perfect canvas for your dreams. Don't miss out on this chance to be a part of the neighborhood's flourishing story. Embrace the potential, reimagine the spaces, and enjoy the rewards of owning a piece of Chicago's dynamic real estate market. Act now and seize the opportunity! The single-family could possibly be converted into a 3-4 flat, vacant lot improved with a parking lot or garage. Buyers should verify with the Chicago zoning map and the city. The seller makes no representations that such improvements would be permissible.

Last Agent to Sell the Property

Kari Edwards

HomeSmart Connect LLC License #475179528 Listed on: 07/24/2023

Co-Listed By

Rudy Johnson

Keller Williams Inspire - Geneva License #475139695

Last Buyer's Agent

Ahmed Hussain

Compass License #475196046

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,817

Year Built

  • Built in 1897

Parking

  • 1 Car Detached Garage
  • No Garage
  • Parking Space is Owned

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Lot Details

  • Lot Dimensions are 40 x 80
  • Additional Parcels

Utilities

  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,817

Year Built

Built in 1897

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1897
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Crawl
  • Below Grade Bedrooms: 0

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Other

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage Details: None/NA
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 40 X 80
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Tax Info

  • Tax Annual Amount: 5817.15
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

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

Listed on
Jul 24, 2023
Closed on
Oct 10, 2023
Sold by
Bought by
Seller's Agent
Kari Edwards
HomeSmart Connect LLC
Buyer's Agent
Ahmed Hussain
Compass
List Price
$400,000
Sold Price
$350,000
Premium/Discount to List
-$50,000
-12.5%
Views
200

Purchase Details

Closed on
Jun 22, 2010
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$350,000 None Listed On Document
-- None Available
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
10/16/2023 10/16/23 Sold $350,000 -12.5% --
09/18/2023 09/18/23 Pending -- -- --
09/08/2023 09/08/23 For Sale $400,000 0.0% --
08/21/2023 08/21/23 Pending -- -- --
08/03/2023 08/03/23 Price Changed $400,000 -11.1% --
07/24/2023 07/24/23 For Sale $450,000 -- --
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 $9,317 $41,000 $10,920 $30,080
2024 $9,317 $41,000 $10,920 $30,080
2023 $9,081 $44,000 $8,775 $35,225
2022 $9,081 $44,000 $8,775 $35,225
2021 $8,877 $44,000 $8,775 $35,225
2020 $6,792 $30,381 $4,972 $25,409
2019 $6,961 $34,524 $4,972 $29,552
2018 $6,820 $34,524 $4,972 $29,552
2017 $5,302 $24,628 $4,387 $20,241
2016 $4,933 $24,628 $4,387 $20,241
2015 $4,513 $24,628 $4,387 $20,241
2014 $4,060 $21,884 $3,900 $17,984
2013 $3,980 $21,884 $3,900 $17,984
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11838148

Midwest Real Estate Data (MRED)
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