NOT LISTED FOR SALE
10 Beds
5 Baths
-- Sq Ft
3,485 Sq Ft Lot

Last Sold July 13, 2023

Last sale price $500,000

5 Days on Market

Highlights

  • Corner Lot
  • 3 Car Detached Garage
  • Intercom
  • Fenced Yard
  • Porch
  • Forced Air Heating System

About This Home

As of July 2023

Looking for an exceptional 4-unit brick building? Look no further! Located in the heart of South Chicago, this beautiful, well-maintained building has all the upgrades needed to attract top-notch tenants. Each unit features hardwood floors throughout, upgraded kitchen with 42" cherry cabinetry, granite countertops, travertine backsplash, stainless steel appliances, in-unit washer and dryer, central air and garage parking. The basement is partially finished and has ample storage spaces for each resident. This is a true turnkey investment for any beginner or seasoned investor. Property is located in close proximity to schools, parks, public transportation, and I-90 The Skyway.

Last Agent to Sell the Property

Delilah Walker-Brooks

Keller Williams ONEChicago License #475172593 Listed on: 06/02/2023

Keller Williams ONEChicago

Last Buyer's Agent

Eric Marcus

Keller Williams ONEChicago License #471010094

Keller Williams ONEChicago

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,418

Year Built

  • Built in 1921 | Remodeled in 2017

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 31 x 125
  • Fenced Yard
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 3 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Potential Bedrooms
  • 5 Bathrooms

Home Security

  • Intercom
  • Storm Screens
  • Carbon Monoxide Detectors

Utilities

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

Additional Features

  • Basement Fills Entire Space Under The House
  • Porch

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $60,000
  • Net Operating Income $55,082

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,418

Year Built

Built in 1921 | Remodeled in 2017

Lot Details

3,485 Sq Ft Lot

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1921
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2017
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2017

Interior Features

  • Basement: Full
  • Total Bathrooms: 5
  • Total Bedrooms: 10
  • Other Equipment: Intercom, CO Detectors
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave,Central Air Conditioner,Garage/Space,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave,Central Air Conditioner,Garage/Space,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave,Central Air Conditioner,Garage/Space,Hardwood Floors
  • AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave,Central Air Conditioner

Exterior Features

  • ExteriorFeatures: Porch, Storms/Screens
  • Lot Features: Corner Lot, Fenced Yard
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • Number of Cars: 3
  • Garage Details: Garage Door Opener(s),Transmitter(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

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Other Expenses $: 4918

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.08
  • Lot Dimensions: 31 X 125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 55082
  • GrossIncome: 60000
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 3418.35
  • Tax Year: 2021
  • Tax Exemptions: None
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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
07/13/2023 07/13/23 Sold $500,000 +5.5% --
06/08/2023 06/08/23 Pending -- -- --
06/02/2023 06/02/23 For Sale $474,000 +37.8% --
06/28/2018 06/28/18 Sold $344,000 -9.5% -- View Prior Sale
05/10/2018 05/10/18 Pending -- -- --
05/10/2018 05/10/18 Price Changed $380,000 +2.7% --
05/03/2018 05/03/18 For Sale $369,900 +320.3% --
03/17/2017 03/17/17 Sold $88,000 0.0% -- View Prior Sale
10/28/2016 10/28/16 Pending -- -- --
10/26/2016 10/26/16 For Sale $88,000 0.0% --
07/25/2016 07/25/16 Pending -- -- --
07/19/2016 07/19/16 For Sale $88,000 -- --
Source: Midwest Real Estate Data (MRED)

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
2025 $3,587 $47,000 $2,906 $44,094
2024 $3,587 $47,000 $2,906 $44,094
2023 $3,496 $17,000 $4,844 $12,156
2022 $3,496 $17,000 $4,844 $12,156
2021 $3,418 $16,999 $4,843 $12,156
2020 $3,628 $16,285 $3,487 $12,798
2019 $3,718 $18,506 $3,487 $15,019
2018 $3,656 $18,506 $3,487 $15,019
2017 $4,540 $21,091 $3,100 $17,991
2016 $4,224 $21,091 $3,100 $17,991
2015 $3,865 $21,091 $3,100 $17,991
2014 $3,800 $20,481 $2,712 $17,769
2013 $3,725 $20,481 $2,712 $17,769
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11797831

Midwest Real Estate Data (MRED)
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