NOT LISTED FOR SALE
8 Beds
4 Baths
-- Sq Ft
1,742 Sq Ft Lot

Last Sold March 15, 2024

Last sale price $999,000

13 Days on Market

About This Home

As of March 2024

Here we have a solid income generating all brick LEGAL 3 flat in a prime West Town / Ukrainian Village location. With strong rental income, this is a great option for an investor but also would make a wonderful owner occupied building. These oversized apartments are longer and wider than your typical Chicago flat, offering signifcantly more functional living space. In 2022 this building was comprehensively updated with modern mechanical systems, including central HVAC (all American Standard high efficiency), modern plumbing (including tankless water heaters), updated electric, and mostly new windows. The first level apartment is an all-new 3 bed, 2 bath soft-loft style apartment with an ensuite bed/bath combo. The second level apartment is fully renovated and very spacious with 2 bedrooms (queen+), 1 bath, a den / bedroom, and a large living room and dining room. The top floor is a one-of-a-kind restored retro apartment with modern mechanicals but unique vintage fixtures and finishes (such as a subzero fridge, jenn-aire range, and kitchen aid dishwasher, all in good working order), which has been a very successful airbnb rental (4.9 star superhost unit). This retro apartment could also be owner occupied, rented long-term furnished, or easily updated as a modern apartment. There's a large patio area to the rear and a solid masonry two car garage, all secured. This is a great opportunity to own a solid, turnkey building in the heart of West Town with all the amenities of Grand, Chicago, and Division Streets an easy walk away. Stabilized rents and no major capital expenditures on the horizon make this great for an investor or owner-occupant. This building is agent owned. Listing agent has ownership interest.

Last Agent to Sell the Property

Nick Fournier

Scout Real Estate Group License #471017719 Listed on: 01/22/2024

Scout Real Estate Group

Last Buyer's Agent

John Campas

Baird & Warner License #475154566

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,415

Year Built

  • Built in 1930

Lot Details

  • 1,742 Sq Ft Lot
  • Additional Parcels

Parking

  • 2.5 Car Garage

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Basement

  • Basement Fills Entire Space Under The House

Utilities

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

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $2,500
  • Maintenance Expense $1,500
  • Professional Management Expense $450
  • Water Sewer Expense $1,298
  • Gross Income $99,646
  • Net Operating Income $75,613

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,415

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Professional Management Expense: 450
  • Year Built: 1930
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partially Finished, Full, Walk-Out Access
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Garage/Space,Laundry Hook-Up,Range Hood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Garage/Space,Laundry Hook-Up
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors

Exterior Features

  • Construction Materials: Brick
  • List Price: 999700
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2.5
  • Parking Features: On Site, Garage Owned, Detached, Garage
  • ParkingTotal: 2.5

Utilities

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

Fee Information

  • Water Sewer Expenses: 1298

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels Description: 17071140460000
  • Additional Parcels: Yes
  • Lot Size Acres: 0.04
  • Lot Dimensions: 2064
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • Net Operating Income: 75613
  • Insurance Expense: 2500
  • GrossIncome: 99646
  • Maintenance Expense: 1500
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 11415.13
  • Tax Year: 2022
  • Tax Exemptions: None

Range of Values:

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Sold Price
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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 List to Sale Price per Sq Ft Prior Sale
03/15/2024 03/15/24 Sold $999,000 -0.1% --
02/05/2024 02/05/24 Pending -- -- --
01/22/2024 01/22/24 For Sale $999,700 +66.6% --
02/25/2022 02/25/22 Sold $600,000 -25.0% -- View Prior Sale
01/12/2022 01/12/22 Pending -- -- --
01/12/2022 01/12/22 For Sale -- -- --
12/28/2021 12/28/21 Pending -- -- --
11/12/2021 11/12/21 For Sale -- -- --
11/06/2021 11/06/21 Pending -- -- --
08/07/2021 08/07/21 For Sale $800,000 -- --
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: 11904175

Midwest Real Estate Data (MRED)

APN: 17-07-114-046