NOT LISTED FOR SALE

Estimated Value: $880,000 - $1,088,000

8 Beds
4 Baths
4,032 Sq Ft
$244/Sq Ft Est. Value

Last Sold August 08, 2018

Last sale price $675,000 $167 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $6,397/month

80 Days on Market

Highlights

  • Corner Lot
  • Tennis Courts
  • 2 Car Detached Garage
  • Community Pool
  • Fenced Yard
  • 2-minute walk to Hamlin Park

About This Home

As of August 2018

FRESH ON THE MARKET IS THIS CHICAGO "STREET CORNER CLASSIC" 3 FLAT WITH COMMERCIAL STORE FRONT LOCATED DIRECTLY ACROSS THE STREET FROM HAMLIN PARK. 4 SOURCES OF INCOME -- OUTSTANDING POTENTIAL, OUTSTANDING LOCATION. SERIOUS BUYERS ONLY - PROPERTY SOLD AS-IS, PLEASE DO NOT DISTURB TENANTS

Last Agent to Sell the Property

Brian Costello

Hometown Real Estate Group LLC License #475143211 Listed on: 03/09/2018

Hometown Real Estate Group LLC

Last Buyer's Agent

Mitir Patel

Baird & Warner License #475157343

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,908

Year Built

  • Built in 1894

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 26' x 125'
  • Fenced Yard
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Space Heater
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Recreation

  • Tennis Courts
  • Community Pool

Building Details

  • Gross Income $54,600
  • Net Operating Income $39,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,908

Year Built

Built in 1894

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1894
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 1
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: None
  • Room: 3

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 799000
  • Lot Features: Corner Lot, Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Frame

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Space Heater
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

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

Fee Information

  • Other Expenses $: 15500

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 26' X 125'
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 39100
  • GrossIncome: 54600
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat,Other

Tax Info

  • Tax Annual Amount: 11907.71
  • Tax Year: 2016
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2018
Closed on
Aug 8, 2018
Sold by
Ghuneim Ronnie
Bought by
Midwest Assets Llc
Seller's Agent
Brian Costello
Hometown Real Estate Group LLC
Buyer's Agent
Mitir Patel
Baird & Warner
List Price
$850,000
Sold Price
$675,000
Premium/Discount to List
-$175,000
-20.59%
Current Estimated Value
$984,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$309,000
Avg. Annual Appreciation
5.40%
Original Mortgage
$750,000
Interest Rate
5%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Midwest Assets Llc $675,000 Attorneys Title Guaranty Fun
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Midwest Assets Llc $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2018 08/08/18 Sold $675,000 -15.5% $167 / Sq Ft
05/28/2018 05/28/18 Pending -- -- --
05/02/2018 05/02/18 Price Changed $799,000 -6.0% $198 / Sq Ft
03/09/2018 03/09/18 For Sale $850,000 -- $211 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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
2024 $13,925 $96,000 $38,750 $57,250
2023 $13,575 $66,000 $31,250 $34,750
2022 $13,575 $66,000 $31,250 $34,750
2021 $13,272 $66,000 $31,250 $34,750
2020 $4,660 $20,917 $15,000 $5,917
2019 $5,391 $26,835 $15,000 $11,835
2018 $13,974 $74,177 $15,000 $59,177
2017 $12,609 $61,950 $13,125 $48,825
2016 $11,908 $61,950 $13,125 $48,825
2015 $10,871 $61,950 $13,125 $48,825
2014 $10,575 $59,564 $10,000 $49,564
2013 $10,355 $59,564 $10,000 $49,564
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09879191

Midwest Real Estate Data (MRED)

APN: 14-30-105-046-0000