NOT LISTED FOR SALE

Estimated Value: $2,113,713

12 Beds
6 Baths
-- Sq Ft
5,489 Sq Ft Lot

Last Sold September 24, 2018

Last sale price $1,525,000

Est. 39% increase in value since last sale

Current estimated payment $12,936/month

12 Days on Market

About This Home

As of September 2018

RARE PILSEN INVESTMENT PROPERTY ON HALSTED. BUILDING HAS (4) THREE BEDROOM ONE BATH RESIDENTIAL UNITS AND (2) COMMERCIAL UNITS. BUILDING IS REMODELED AND READY FOR BUYER TO TAKE OVER AND COLLECT RENT. PROPERTY CURRENTLY BRINGS IN $144,000 PER YEAR AND PERFORMS AT A SOLID 7% CAP RATE. UPDATES INCLUDE REMODELED UNITS WITH NEW KITCHEN, BATHS. REPLACEMENT WINDOWS THROUGHOUT.NEWER ROOF. PROPETY IS ON A DOUBLE 50X110 LOT. 2 EXTERIOR PARKING SPACES. WALKING DISTANCE TO 18TH ST, TRANSPORTATION, EXPRESSWAY, PROPOSED PASEO TRAIL.

Last Agent to Sell the Property

Kevin Bigoness

Baird & Warner License #475158125 Listed on: 06/20/2018

Baird & Warner

Last Buyer's Agent

Kevin Bigoness

Baird & Warner License #475158125 Listed on: 06/20/2018

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,087

Year Built

  • 1898

Lot Details

  • 5,489

Utilities

  • Central Air

Community Details

  • Insurance Expense $4,300

Listing and Financial Details

  • Tenant pays for electric, heat

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,087

Year Built

1898

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Ownership Type: Individual
  • Zoning Type: COMMR
  • Estimated Age: Older
  • Net Oper Income: 116526
  • Scavenger Expense: 684
  • Total Annual Exp: 27474
  • Total Annual Income: 144000
  • Total Monthly Income: 12000
  • Number Of Stories: 3
  • Estimated Year Built: 1898
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1898

Exterior Features

  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Air Conditioner: Central Air
  • Heatventilation: Central Heat/Indiv Controls, Forced Air, Gas
  • Water Expense: 3600

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 240
  • Electrical Service: Circuit Breakers, Separate Meters

Lot Info

  • Lot Dimensions: 5500
  • Parcel Identification Number: 17204450230000

Rental Info

  • Gross Rental Income: 144000
  • Tenant Pays: Electric, Heat

Multi Family

  • Insurance Expense: 4300
  • Other Expenses: 1000

Tax Info

  • Taxes: 10126

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2018
Closed on
Sep 20, 2018
Sold by
2118 Halsted Inc
Bought by
2118 Llc
Seller's Agent
Kevin Bigoness
Baird & Warner
Buyer's Agent
Kevin Bigoness
Baird & Warner
List Price
$1,600,000
Sold Price
$1,525,000
Premium/Discount to List
-$75,000
-4.69%
Current Estimated Value
$2,113,713

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$588,713
Avg. Annual Appreciation
3.86%
Original Mortgage
$900,000
Interest Rate
5.75%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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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
2118 Llc $1,525,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 2118 Llc $900,000
Previous Owner 2118 Halsted Inc $861,000
Previous Owner 2118 Halsted Inc $720,000
Previous Owner Chicago Title Land Trust Co $340,163
Previous Owner Chicago Title Land Trust Co $415,000
Previous Owner Chicago Title Land Trust Co $100,000
Previous Owner Chicago Trust Company $202,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2018 09/24/18 Sold $1,525,000 -4.7% --
07/02/2018 07/02/18 Pending -- -- --
06/20/2018 06/20/18 For Sale $1,600,000 -- --
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 $20,087 $269,650 $35,860 $233,790
2023 $19,582 $95,206 $16,500 $78,706
2022 $19,582 $95,206 $16,500 $78,706
2021 $19,145 $95,205 $16,500 $78,705
2020 $13,924 $62,506 $16,500 $46,006
2019 $12,558 $62,506 $16,500 $46,006
2018 $12,347 $62,506 $16,500 $46,006
2017 $10,183 $47,305 $14,025 $33,280
2016 $10,163 $50,743 $14,025 $36,718
2015 $9,298 $50,743 $14,025 $36,718
2014 $9,415 $50,743 $14,025 $36,718
2013 $9,229 $50,743 $14,025 $36,718
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09991538

Midwest Real Estate Data (MRED)

APN: 17-20-445-023-0000