$740,000
SOLD OCT 4, 2024

2056 N Keystone Ave Chicago, IL 60639

Hermosa Neighborhood
39 Beds
15 Baths
5,073 Sq Ft
4,312 Sq Ft Lot

Recently Sold

$146 Per Sq Ft

5% Below List Price

38 Days on Market

About This Home

As of October 2024

Great multi-family investment opportunity in Hermosa. 2056 N Keystone is a 5-unit building with (3) spacious two bedroom and one bathroom units and (2) three bedroom and one bathroom units. All units are separately metered for gas and electric. The building is fully occupied and there is currently a mix of newer tenants and longer term tenants in-place. The building has a shared coin operated washer/dryer for all units as well as one off street parking spot. There is space for an additional 6th unit if an new owner should choose to build it out. The kitchens have white appliances with laminate countertops, and golden oak cabinets. Great investment property in a high demand rental area. Add it to your portfolio today!

Last Agent to Sell the Property

Davis Edgerly

33 Realty License #475159923 Listed on: 07/02/2024

Last Buyer's Agent

Sarita Scherpereel

Kale Realty License #471022685

Kale Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,727

Year Built

  • Built in 1906

Lot Details

  • 4,312 Sq Ft Lot
  • Lot Dimensions are 35 x 123

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,073 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 39 Bedrooms
  • 15 Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $404
  • Fuel Expense $720
  • Insurance Expense $2,302
  • Maintenance Expense $6,000
  • Manager Expense $4,463
  • Trash Expense $2,100
  • Water Sewer Expense $3,336
  • Operating Expense $29,135
  • Gross Income $92,700
  • Net Operating Income $62,456

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,727

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1906
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 15
  • Total Bedrooms: 39
  • Possible Use: Multi-Family
  • Basement Description: Partially Finished,Exterior Access
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 5
  • Ranges: 5
  • Number of Windows: 0
  • Number of Washers: 1
  • Room: 6
  • Room: 6
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Brick/Mortar, Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 775000
  • Exterior Building Type: Brick
  • Roof Structure: Flat
  • Misc Outside: Enclosed Porch

Utilities

  • Cooling: None
  • Electric: Separate Meters
  • Utilities: Water-Municipal
  • Heat/Ventilation: Forced Air,Gas,Separate Per Unit
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Manager Expense: 4463

Fee Information

  • Trash Expense: 2100
  • Water Sewer Expenses: 3336
  • Janitor Expense: 1200

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 35 X 123
  • Lot Size Sq Ft: 4312
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 5073

Multi Family

  • Net Operating Income: 62456
  • Fuel Expense: 720
  • Insurance Expense: 2302
  • ElectricExpense: 404
  • GrossIncome: 92700
  • Maintenance Expense: 6000
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 29135
  • Expense Year: 2023
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 9727
  • Tax Year: 2022

Range of Values:

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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 Change Sq Ft Price
10/04/2024 10/04/24 Sold $740,000 -4.5% $146 / Sq Ft
08/10/2024 08/10/24 Pending -- -- --
07/02/2024 07/02/24 For Sale $775,000 -- $153 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12087940

Midwest Real Estate Data (MRED)

APN: 13342310190000