NOT LISTED FOR SALE
5 Beds
3 Baths
2,381 Sq Ft
2,614 Sq Ft Lot

Last Sold April 25, 2023

Last sale price $425,000 $178 Per Sq Ft

1 Day on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating System
  • 3-minute walk to Baraga Park

About This Home

As of April 2023

You will love this amazing opportunity to purchase a multi-family property in the up-and-coming neighborhood of Heart of Italy on Chicago's lower west side. This well maintained building offers you the opportunity to live in a unit and have your tenants pay your mortgage or rent out the entire building and maximize your income. This property has three total units, featuring first and second floor 2 bed/1 bath units and a 1 bed/1 bath garden unit. (There is no representation as to the legality of the garden unit.) The first floor and garden units have been updated with today's finishes, while the top floor unit has a great vintage feel. The first and second floor units boast hardwood floors throughout most of the units. The garden unit has neutral ceramic tile throughout. The building has had all the key updates you are looking for, from copper piping throughout, to separate Furnaces (venting for AC but no AC units) and separate water tanks in each unit as well as updated electrical. And for a bonus, each unit has its own private washer/dryer. The roof is less than 10 years old and there is a 2 car garage on the property with a beautiful and spacious fenced in backyard to enjoy. The property is centrally located near transportation, great restaurants, shops and more. Don't miss this great opportunity to own your own income and wealth producing multifamily building in this desirable and rising neighborhood.

Last Agent to Sell the Property

The Vanna Group, Diane & Bob

Baird & Warner License #475179644 Listed on: 03/16/2023

Baird & Warner

Co-Listed By

MARIA SABINO

Baird & Warner License #475198341

Last Buyer's Agent

Gerardo Garcia

@properties Christie's International Real Estate License #475159999

@properties Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,576

Year Built

  • Built in 1894

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 24 x 127

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 3 Units

Building Details

  • Water Sewer Expense $1,000
  • Gross Income $23,400
  • Net Operating Income $14,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,576

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: 3
  • Total Bedrooms: 5
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Central Air Conditioner

Exterior Features

  • List Price: 425000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Fee Information

  • Water Sewer Expenses: 1000

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.06
  • Lot Dimensions: 24 X 127
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 14850
  • GrossIncome: 23400
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 7576
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

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
04/25/2023 04/25/23 Sold $425,000 0.0% $178 / Sq Ft
03/17/2023 03/17/23 Pending -- -- --
03/16/2023 03/16/23 For Sale $425,000 -- $178 / 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: 11730797

Midwest Real Estate Data (MRED)

APN: 17301140360000