Seller's Agent in 2021
Christopher Mundy
@ Properties
(773) 490-6813
11 in this area
141 Total Sales
2227 N Clybourn Ave Chicago, IL 60614
West DePaul NeighborhoodEstimated Value: $915,000 - $1,003,720
7
Beds
6
Baths
2,536
Sq Ft
$379/Sq Ft
Est. Value
Highlights
- Deck
- Traditional Architecture
- Forced Air Heating System
- Mayer Elementary School Rated A-
- Balcony
- 2-minute walk to Clover Park
About This Home
As of July 2021Location, Location, Location! Rare opportunity to acquire a legal 4-unit building under a million dollars in Lincoln Park. Easy to rent, strong cash flow building with a high walkability score. Current zoning allows for commercial use and is a great option for an owner operator. Building features a three unit building with additional updated coach house. Front building consists of three units; 1 bedroom garden, 2 bedroom simplex and huge one bedroom + den duplex up with in-unit laundry. Coach house was recently updated and features three bedrooms (previously used for Airbnb). Central air & heat, shared yard, coin laundry, easy street parking. Steps to Webster Place retail, Clybourn Corridor, restaurants, shops & grocery stores. A few blocks to DePaul University. Easy access to CTA bus, Metra & 90/94 expressway. Property sits on boundary of massive Lincoln Yards development. Great buy & hold.
Last Agent to Sell the Property
@properties Christie's International Real Estate License #475127745 Listed on: 04/22/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,988
Lot Details
- 3,006
Home Design
- Traditional Architecture
- Asphalt Roof
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Potential Bedrooms
- 6 Bathrooms
Finished Basement
- English Basement
Outdoor Features
- Balcony
- Deck
Schools
- Oscar Mayer Elementary School
- Lincoln Park High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- 4 Units
Building Details
- Electric Expense $600
- Fuel Expense $600
- Insurance Expense $3,425
- Maintenance Expense $1,200
- Professional Management Expense $400
- Water Sewer Expense $948
- Net Operating Income $50,164
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 22, 2021
Closed on
Jul 14, 2021
Sold by
2227 N Clybourn Llc
Bought by
Mccarthy Samuel and Shaw Annette
Seller's Agent
Christopher Mundy
@properties Christie's International Real Estate
Buyer's Agent
Alexandre Stoykov
Compass
Sold Price
$825,000
Total Days on Market
18
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,084
Avg. Annual Appreciation
5.97%
Original Mortgage
$742,571
Outstanding Balance
$674,737
Interest Rate
2.25%
Mortgage Type
New Conventional
Estimated Equity
$370,879
Purchase Details
Closed on
Apr 21, 2010
Sold by
Chicago Title Land Trust Company
Bought by
2227 North Clybourn Llc
Purchase Details
Closed on
Oct 16, 2001
Sold by
Orchard Street Holding Corp
Bought by
Chicago Title Land Trust Company and Trust #1110212
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
7.12%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mccarthy Samuel | $825,000 | Attorneys Ttl Guaranty Fund | |
| 2227 North Clybourn Llc | $625,000 | Chicago Title Land Trust Co | |
| Chicago Title Land Trust Company | $480,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mccarthy Samuel | $742,571 | |
| Previous Owner | 2227 North Clybourn Llc | $423,000 | |
| Previous Owner | Chicago Title Land Trust Company | $384,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2021 07/15/21 | Sold | $825,000 | -7.3% | $325 / Sq Ft |
| 05/11/2021 05/11/21 | For Sale | -- | -- | -- |
| 05/10/2021 05/10/21 | Pending | -- | -- | -- |
| 04/22/2021 04/22/21 | For Sale | $890,000 | -- | $351 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $16,707 | $130,000 | $46,500 | $83,500 |
| 2023 | $16,265 | $82,501 | $37,500 | $45,001 |
| 2022 | $16,265 | $82,501 | $37,500 | $45,001 |
| 2021 | $15,920 | $82,500 | $37,500 | $45,000 |
| 2020 | $20,941 | $97,105 | $33,000 | $64,105 |
| 2019 | $20,988 | $107,895 | $33,000 | $74,895 |
| 2018 | $20,634 | $107,895 | $33,000 | $74,895 |
| 2017 | $18,549 | $89,540 | $27,000 | $62,540 |
| 2016 | $17,434 | $89,540 | $27,000 | $62,540 |
| 2015 | $15,927 | $89,540 | $27,000 | $62,540 |
| 2014 | $12,267 | $68,685 | $21,000 | $47,685 |
| 2013 | $12,014 | $68,685 | $21,000 | $47,685 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2021
Christopher Norton
Compass
(773) 490-0631
2 in this area
98 Total Sales
-
Buyer's Agent in 2021
Alexandre Stoykov
Compass
(312) 593-3110
45 in this area
1,073 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11062043
APN: 14-32-108-047-0000
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