NOT LISTED FOR SALE

2108 W Division St Chicago, IL 60622

Wicker Park Neighborhood

Estimated Value: $1,580,689 - $1,733,000

7 Beds
6 Baths
1,000 Sq Ft
$1,657/Sq Ft Est. Value

Last Sold May 18, 2023

Last sale price $1,455,000 $1,455 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $10,745/month

55 Days on Market

About This Home

As of May 2023

Wicker Park 6 Unit - 6% cap! Excellent opportunity to acquire this irreplaceable investment property in the heart of Wicker Park. 5 residential units and 1 commercial (Leased to established business - Perman Wine). Apartments are spacious 1 and 2 bed units with individual HVAC. Rear apartments have outdoor space + 2 exterior parking spots. Add value by renovating kitchens & baths. Come tour with confidence today!

Last Agent to Sell the Property

Mark Kurgan

VELOCITY GROUP REAL ESTATE LLC License #475159506 Listed on: 02/02/2023

Last Buyer's Agent

Andriy Diatkovych

KOLO PROPERTIES LLC License #471020058

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,328

Year Built

  • Built in 1904

Lot Details

  • 3,000 Sq Ft Lot
  • Lot Dimensions are 25 x 120

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Reflective Roof

Interior Spaces

  • 3-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $1,200
  • Fuel Expense $1,800
  • Insurance Expense $4,300
  • Maintenance Expense $3,000
  • Manager Expense $5,000
  • Other Expense $2,500
  • Trash Expense $3,200
  • Water Sewer Expense $4,000
  • Operating Expense $40,328
  • Gross Income $140,540
  • Net Operating Income $100,212

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,328

Year Built

Built in 1904

Lot Details

3,000 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1904
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 7
  • Fireplaces: 2
  • Dishwashers: 5
  • Refrigerators: 5
  • Ranges: 5
  • Number of Washers: 2
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Roof: Reflective Coating
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: Central Air, Central Individual
  • Heat/Ventilation: Forced Air,Gas
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Manager Expense: 5000
  • Unincorporated (Y/N): Yes

Fee Information

  • Trash Expense: 3200
  • Water Sewer Expenses: 4000

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25 X 120
  • Lot Size Sq Ft: 3000
  • Zoning: OTHER

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8

Multi Family

  • Net Operating Income: 100212
  • Fuel Expense: 1800
  • Insurance Expense: 4300
  • ElectricExpense: 1200
  • GrossIncome: 140540
  • Maintenance Expense: 3000
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 40328
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 15328
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2023
Closed on
May 15, 2023
Sold by
Jld Holdings Llc
Bought by
Rg Housing Llc
Seller's Agent
Mark Kurgan
VELOCITY GROUP REAL ESTATE LLC
Buyer's Agent
Andriy Diatkovych
KOLO PROPERTIES LLC
List Price
$1,585,000
Sold Price
$1,455,000
Premium/Discount to List
-$130,000
-8.2%
Views
20
Current Estimated Value
$1,656,845

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201,845
Avg. Annual Appreciation
4.70%
Original Mortgage
$1,000,000
Interest Rate
6.79%
Mortgage Type
VA

Purchase Details

Closed on
Apr 21, 2008
Sold by
Hood Development Llc
Bought by
Jld Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$710,000
Interest Rate
5.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 7, 2000
Sold by
Cosmopolitan Bank & Trust
Bought by
Hood Development Llc

Purchase Details

Closed on
Jun 24, 1996
Sold by
Roman Andy and Mercado Angel
Bought by
Cosmopolitan Bank & Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
8.07%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 4, 1996
Sold by
Cole Taylor Bank
Bought by
Roman Andy and Mercado Angel L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
7.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 3, 1995
Sold by
Security Fsla Of Chicago
Bought by
Cole Taylor Bank
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Rg Housing Llc $1,455,000 Fidelity National Title
Jld Holdings Llc $1,210,000 Cti
Hood Development Llc $565,000 --
Cosmopolitan Bank & Trust -- --
Roman Andy $150,000 --
Cole Taylor Bank $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rg Housing Llc $1,000,000
Previous Owner Jld Holdings Llc $710,000
Previous Owner Cosmopolitan Bank & Trust $279,000
Previous Owner Roman Andy $112,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/18/2023 05/18/23 Sold $1,455,000 -8.2% $1,455 / Sq Ft
03/30/2023 03/30/23 Pending -- -- --
02/02/2023 02/02/23 For Sale $1,585,000 0.0% $1,585 / Sq Ft
07/14/2016 07/14/16 Rented $1,800 0.0% --
07/13/2016 07/13/16 Under Contract -- -- --
07/12/2016 07/12/16 Price Changed $1,800 -5.3% $2 / Sq Ft
07/06/2016 07/06/16 For Rent $1,900 -- --
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 $24,359 $139,000 $29,850 $109,150
2024 $24,359 $139,000 $29,850 $109,150
2023 $23,680 $111,978 $24,000 $87,978
2022 $23,680 $111,978 $24,000 $87,978
2021 $23,146 $111,978 $24,000 $87,978
2020 $15,238 $66,350 $13,650 $52,700
2019 $15,272 $73,723 $13,650 $60,073
2018 $15,022 $73,723 $13,650 $60,073
2017 $15,030 $67,568 $12,000 $55,568
2016 $15,178 $73,051 $12,000 $61,051
2015 $14,405 $75,627 $12,000 $63,627
2014 $11,067 $57,281 $10,500 $46,781
2013 $11,341 $59,699 $10,500 $49,199
Source: Public Records

Agents Affiliated with this Home

  • Mark Kurgan

    Seller's Agent in 2023

    Mark Kurgan

    VELOCITY GROUP REAL ESTATE LLC

    (847) 651-5868

    2 in this area

    31 Total Sales

    Mark Kurgan
    Section Image

  • A

    Buyer's Agent in 2023

    Andriy Diatkovych

    KOLO PROPERTIES LLC

    (773) 981-2099

    2 in this area

    43 Total Sales

    Andriy Diatkovych
    Section Image
  • Dhereck Gomez

    Seller's Agent in 2016

    Dhereck Gomez

    33 Realty

    (773) 587-4304

    38 Total Sales

    Dhereck Gomez
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11711568

Midwest Real Estate Data (MRED)

APN: 17-06-128-038-0000

Illinois Cook County Chicago 60622 Wicker Park

2108 W Division St, 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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