NOT LISTED FOR SALE
72 Beds
36 Baths
5,728 Sq Ft
5,663 Sq Ft Lot

Last Sold December 21, 2022

Last sale price $530,000 $93 Per Sq Ft

25 Days on Market

About This Home

As of December 2022

Calling all savvy investors! An incredible investment opportunity has opened its doors to you in the historic residential district of Park Manor in Chicago. Be quick to acquire this fantastic multi-family building with excellent income-generating potential and a desirable corner position. Built in 1924, this property boasts a beautiful classic appearance with visually striking brick architecture consistent with neighboring properties. Inside takes you to six spacious units each equipped with two bedrooms, one bathroom with storage, individual heat units, and a spacious open-concept floor plan designed to accommodate laid-back living. Each apartment has a beautiful eat-in kitchen dressed with ceramic tile flooring, laminate countertops, and wooden cabinets for the passionate cook to make the most of. This culinary space seamlessly connects to the combined living and dining area with beautiful hardwood flooring offering plenty of room to hunker down with loved ones and play host to visitors. This building is primely located in a walkable area with close proximity to everything one could ever need. Enjoy access to major expressways and public transportation, which makes traveling to the city and surrounding suburbs less of a hassle. Situated within a short stroll of this apartment building is an array of some of the best cafes, bars, and restaurants the city has to offer. With all these amazing features, you do not want to let this opportunity pass you by!

Last Agent to Sell the Property

Sybil Martin

Coldwell Banker Realty License #471008659 Listed on: 10/01/2022

Coldwell Banker Realty

Co-Listed By

Paulette Edwards

Coldwell Banker Realty License #471011238

Last Buyer's Agent

Belal Kishta

Ellsbury Group LLC License #475197318

Ellsbury Group LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,854

Year Built

  • Built in 1924

Lot Details

  • 5,663 Sq Ft Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,728 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 72 Bedrooms
  • 36 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $649
  • Fuel Expense $721
  • Manager Expense $3,498
  • Trash Expense $1,216
  • Water Sewer Expense $2,493
  • Operating Expense $9,684
  • Gross Income $77,772
  • Net Operating Income $65,645

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,854

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1924
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 36
  • Total Bedrooms: 72
  • Possible Use: Multi-Family
  • Basement Description: Unfinished,Exterior Access,Concrete (Basement)
  • Fireplaces: 2
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 2
  • Room: 4
  • Room: 4
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • List Price: 550000
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Utilities

  • Electric: Circuit Breakers, Separate Meters
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas
  • Leased Washer Dryer YN: Yes

Condo/Co-op/Association

  • Manager Expense: 3498
  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1216
  • Water Sewer Expenses: 2493
  • Janitor Expense: 100

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.13
  • Lot Dimensions: 5920
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Sidewalks

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 5728

Multi Family

  • Net Operating Income: 65645
  • Fuel Expense: 721
  • ElectricExpense: 649
  • GrossIncome: 77772
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 9684
  • Expense Year: 2022
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 3854
  • Tax Year: 2020

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
12/21/2022 12/21/22 Sold $530,000 -3.6% $93 / Sq Ft
10/27/2022 10/27/22 Pending -- -- --
10/01/2022 10/01/22 For Sale $550,000 +22.2% $96 / Sq Ft
12/19/2018 12/19/18 Sold $450,000 0.0% --
11/01/2018 11/01/18 Pending -- -- --
10/29/2018 10/29/18 For Sale $450,000 +345.5% --
03/31/2015 03/31/15 Sold $101,000 -46.2% --
03/11/2015 03/11/15 Pending -- -- --
11/03/2014 11/03/14 For Sale $187,900 -- --
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: 11642912

Midwest Real Estate Data (MRED)