NOT LISTED FOR SALE

Estimated Value: $1,037,814

8 Beds
4 Baths
-- Sq Ft
1,742 Sq Ft Lot

Last Sold March 15, 2024

Last sale price $999,000

Est. 4% increase in value since last sale

Current estimated payment $5,956/month

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

Coldwell Banker Realty License #471017719 Listed on: 01/22/2024

Coldwell Banker Realty

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 Detached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Partially Finished Basement

  • Walk-Out 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
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0

Exterior Features

  • List Price: 999700
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2.5
  • ParkingTotal: 2.5
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 21, 2024
Sold by
Rab Cyrus M and Abbasi Siddique
Bought by
Jtc 2210 Llc
Current Estimated Value
$1,037,814

Purchase Details

Listed on
Jan 22, 2024
Closed on
Mar 15, 2024
Sold by
2210 Ohio Llc
Bought by
Rab Cyrus M and Abbasi Siddique
Seller's Agent
Nick Fournier
Coldwell Banker Realty
Buyer's Agent
John Campas
Baird & Warner
List Price
$999,700
Sold Price
$999,000
Premium/Discount to List
-$700
-0.07%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$949,050
Interest Rate
6.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2023
Sold by
Galvin Michael and Fournier Nicholas
Bought by
2210 Ohio Llc

Purchase Details

Listed on
Aug 7, 2021
Closed on
Mar 15, 2022
Sold by
Lombardo Joseph A
Bought by
Galvin Michael and Fournier Nicholas
Seller's Agent
Fermin Perez
Century 21 Circle
Buyer's Agent
Nick Fournier
Coldwell Banker Realty
Sold Price
$600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,190,000
Interest Rate
4.25%
Mortgage Type
Construction

Purchase Details

Listed on
Aug 7, 2021
Closed on
Mar 8, 2022
Sold by
Lombardo Joseph A
Bought by
Fournier Jennifer and Galvin Michael
Seller's Agent
Fermin Perez
Century 21 Circle
Buyer's Agent
Nick Fournier
Coldwell Banker Realty
Sold Price
$600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,190,000
Interest Rate
4.25%
Mortgage Type
Construction

Purchase Details

Listed on
Aug 7, 2021
Closed on
Feb 25, 2022
Sold by
Lombardo Joseph A
Bought by
Galvin Michael and Fournier Nicholas
Seller's Agent
Fermin Perez
Century 21 Circle
Buyer's Agent
Nick Fournier
Coldwell Banker Realty
Sold Price
$600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,190,000
Interest Rate
4.25%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 17, 2015
Sold by
Lombardo Marion and Lombardo Joann
Bought by
Lombardo Marion and Lombardo Joseph A

Purchase Details

Closed on
Dec 22, 2003
Sold by
Lombardo Marion
Bought by
Lombardo Marion and Lombardo Joann

Purchase Details

Closed on
Jan 3, 1995
Sold by
Nigro Delores
Bought by
Nigro Delores and Lombardo Marion
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
Jtc 2210 Llc -- None Listed On Document
Jtc 2210 Llc -- None Listed On Document
Rab Cyrus M $999,000 Chicago Title
2210 Ohio Llc -- Chicago Title
Galvin Michael $600,000 --
Fournier Jennifer $600,000 --
Galvin Michael $600,000 --
Lombardo Marion -- Attorney
Lombardo Marion -- --
Nigro Delores -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rab Cyrus M $949,050
Previous Owner Fournier Jennifer $1,190,000
Previous Owner Galvin Michael $595,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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% --
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

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
2023 $2,701 $13,132 $6,156 $6,976
2022 $2,701 $13,132 $6,156 $6,976
2021 $3,318 $16,499 $6,156 $10,343
2020 $861 $3,863 $3,488 $375
2019 $776 $3,863 $3,488 $375
2018 $763 $3,863 $3,488 $375
2017 $743 $3,453 $3,078 $375
2016 $692 $3,453 $3,078 $375
2015 $633 $3,453 $3,078 $375
2014 $545 $2,940 $2,565 $375
2013 $535 $2,940 $2,565 $375
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: 17-07-114-046-0000