NOT LISTED FOR SALE
7 Beds
5 Baths
-- Sq Ft
1899 Built

Last Sold October 12, 2022

Last sale price $1,010,000

23 Days on Market

Highlights

  • Ceiling Fan
  • Space Heater
  • 2-minute walk to Senior Citizens Memorial Park

About This Home

As of October 2022

Rarely available, Turn-Key Investment Opportunity in an A+ Bucktown location. The subject property is a completely renovated 3 flat featuring a Duplex-Down and two simplex apartments, as well as 3 tandem parking spots. Unit types consist of one(1) 4Bedroom/2Bath, one(1) 2Bedroom/2Bath and one(1) 1 Bedroom/1Bath. All units receive great natural light as the front of building has full southern exposure. Additional unit features are hardwood floors, central air/heat, individual washer/dryers, updated kitchens and bathrooms. The subject property is an all brick building ideally located on a quiet tree-lined street in Bucktown walking distance from Holstein Park (a 3.25 acre park in the heart of Bucktown) as well as many shopping, dining, entertainment locations on Damen Avenue. Additionally, the Western Blue Line and The 606 are within walking distance and Interstate 90/94 is only a few minutes away. This offering provides a new operator the opportunity to acquire a well performing asset with in place tenants that is fully collected on rent. Additional opportunity to increase market rents and charge for parking.

Last Agent to Sell the Property

Oren Pollack

Cross Street Real Estate License #475175259 Listed on: 07/12/2022

Cross Street Real Estate

Last Buyer's Agent

Jojo Cui

Citywide Real Estate License #471020232

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,305

Year Built

  • Built in 1899 | Remodeled in 2011

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 5 Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 3 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Parking Space is Owned

Utilities

  • Space Heater
  • Lake Michigan Water

Additional Features

  • Ceiling Fan
  • Lot Dimensions are 24 x 100

Community Details

Overview

  • 3 Units
  • Bucktown Subdivision

Building Details

  • Gross Income $80,400
  • Net Operating Income $54,828

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,305

Year Built

Built in 1899 | Remodeled in 2011

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Subdivision Name: Bucktown
  • Year Built: 1899
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2011
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2011

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 5
  • Total Bedrooms: 7
  • Other Equipment: Ceiling Fan(s)
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 5
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 1025000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Street
  • ParkingTotal: 3
  • Number of Cars: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Sewer-Storm
  • Heating: Space Heater
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Conversion YN: N

Fee Information

  • Other Expenses $: 23980

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 24 X 100
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 54828
  • GrossIncome: 80400
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 12305.09
  • Tax Year: 2020
  • 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 Change Sq Ft Price
10/12/2022 10/12/22 Sold $1,010,000 -1.5% --
08/05/2022 08/05/22 Pending -- -- --
07/12/2022 07/12/22 For Sale $1,025,000 +105.0% --
06/27/2013 06/27/13 Sold $500,000 +0.2% --
05/07/2013 05/07/13 Pending -- -- --
04/25/2013 04/25/13 For Sale $499,000 -- --
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: 11462084

Midwest Real Estate Data (MRED)