NOT LISTED FOR SALE
7 Beds
4 Baths
-- Sq Ft
3,049 Sq Ft Lot

Sale Details

Date Sold: December 15, 2023

Last sale price $1,365,000

148 Days on Market

Highlights

  • Deck
  • Victorian Architecture
  • Patio
  • Mayer Elementary School Rated A-
  • Balcony
  • 4-minute walk to Trebes Park

About This Home

As of December 2023

Welcome to this incredible investment opportunity nestled in the coveted neighborhood of Lincoln Park, Chicago. Presenting a meticulously maintained four-unit property, this stunning brick building offers a rare chance to own a piece of this vibrant and highly sought-after community. With its prime location, excellent rental potential, and timeless appeal, this property is truly a standout in the market. Unit 1: This spacious first-floor unit features 2 bedrooms and 1 full bathroom, making it perfect for a growing family or young professionals seeking comfort and convenience. Highlights include parquet hardwood floors and large bay windows. In-unit laundry could be added if desired. Unit 2: Located on the second floor, this tastefully designed unit offers 2 bedrooms and 1 full bathroom. From the moment you step inside, you'll be greeted by a beautiful marble fireplace and abundant natural light. The unit also offers a spacious balcony and quaint nook behind the living room, perfect for a designated office space. Unit 3: Situated on the third floor, this light-filled unit boasts 2 bedrooms and 1 full bathroom. The open layout creates a seamless flow between the living, dining, and kitchen areas, providing a perfect space for entertaining guests. The unit includes in-unit laundry, a spacious balcony, and sweeping views of tree-lined Seminary Avenue. Unit 4: Offering privacy and tranquility, the coach house unit is a hidden gem within this property. With 1 bedroom and 1 full bathroom, it provides a comfortable living space for its occupants. This duplex down unit offers in-unit laundry, a cozy corner fireplace, and classic hardwood floors. Exterior Features: The charming brick facade of this property exudes timeless elegance and is complemented by well-maintained landscaping. A spacious courtyard between the buildings provides a peaceful retreat. The property also offers coin laundry and storage beneath the coach house. Location: Nestled in the highly desirable Lincoln Park neighborhood, this property benefits from its proximity to a plethora of amenities. Residents can enjoy easy access to Lincoln Park Zoo, beautiful lakefront parks, trendy boutiques, renowned restaurants, and vibrant nightlife. Additionally, with convenient transportation options nearby, commuting to downtown Chicago or other parts of the city is a breeze. Investment Opportunity: This four-unit property presents an exceptional investment opportunity for savvy buyers. Whether you're looking to generate rental income or occupy one unit while renting out the others, this property offers incredible potential. With the consistently strong demand for housing in Lincoln Park, this is a chance to secure a long-term asset in one of Chicago's most coveted neighborhoods. Don't miss out on this rare chance to own a charming four-unit property in the heart of Lincoln Park. Schedule your private tour today and experience the allure and potential of this remarkable investment opportunity.

Last Agent to Sell the Property

AJ Dobson

Kale Realty License #475179272 Listed on: 06/21/2023

Kale Realty

Last Buyer's Agent

Sa Zhao

Kale Realty License #475207369

Kale Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,491

Year Built

  • Built in 1894 | Remodeled in 2019

Lot Details

  • Lot Dimensions are 25x123

Home Design

  • Victorian Architecture
  • Brick Exterior Construction
  • Slab Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Balcony
  • Deck
  • Patio

Schools

  • Lincoln Park High School

Utilities

  • Two Heating Systems
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Lake Michigan Water

Community Details

Overview

  • 4 Units
  • Depaul Subdivision

Building Details

  • Gross Income $117,000
  • Net Operating Income $80,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,491

Year Built

Built in 1894 | Remodeled in 2019

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Victorian
  • New Construction: No
  • Subdivision Name: Depaul
  • Year Built: 1894
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2019
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2019

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Other Equipment: CO Detectors
  • Basement Description: Slab
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • ExteriorFeatures: Balcony, Deck, Patio
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls
  • Water Source: Lake Michigan

Schools

  • High School: Lincoln Park High School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X123
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: No

Multi Family

  • Net Operating Income: 80000
  • GrossIncome: 117000
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 26491.49
  • Tax Year: 2022
  • 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

Listed on
Jun 21, 2023
Closed on
Dec 8, 2023
Sold by
Bought by
Seller's Agent
AJ Dobson
Kale Realty
Buyer's Agent
Sa Zhao
Kale Realty
List Price
$1,525,000
Sold Price
$1,365,000
Premium/Discount to List
-$160,000
-10.49%
Views
254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,023,750
Interest Rate
0.0763%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 17, 2008
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
$413,000
Interest Rate
0.063%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 29, 2001
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
$600,000
Interest Rate
0.0662%

Purchase Details

Closed on
Nov 15, 2000
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
Interest Rate
0.0855%

Purchase Details

Closed on
Oct 5, 2000
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
Interest Rate
0.0855%

Purchase Details

Closed on
May 1, 1998
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
$1,365,000 None Listed On Document
$1,225,000 First American Title Ins Co
$800,000 --
-- --
-- --
$450,000 --
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 $1,015,000
Closed $1,023,750
Previous Owner $413,000
Previous Owner $600,000
Previous Owner $500,000
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
12/15/2023 12/15/23 Sold $1,365,000 -9.0% --
11/17/2023 11/17/23 Pending -- -- --
09/27/2023 09/27/23 Price Changed $1,499,900 -1.3% --
08/07/2023 08/07/23 Price Changed $1,519,900 -0.3% --
06/21/2023 06/21/23 For Sale $1,525,000 -- --
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 $27,175 $136,500 $48,050 $88,450
2024 $27,175 $136,500 $48,050 $88,450
2023 $26,491 $128,799 $38,750 $90,049
2022 $26,491 $128,799 $38,750 $90,049
2021 $31,592 $157,105 $38,750 $118,355
2020 $27,315 $122,616 $34,100 $88,516
2019 $27,245 $135,605 $34,100 $101,505
2018 $26,787 $135,605 $34,100 $101,505
2017 $23,317 $108,313 $27,900 $80,413
2016 $21,694 $108,313 $27,900 $80,413
2015 $19,848 $108,313 $27,900 $80,413
2014 $17,409 $93,830 $21,700 $72,130
2013 $17,065 $93,830 $21,700 $72,130
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11813561

Midwest Real Estate Data (MRED)

APN: 14-32-214-037

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