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

Sale Details

Date 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

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

5,663 Sq Ft Lot

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
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: Yes
  • 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: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • 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

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
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 3854
  • Tax Year: 2020

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2022
Closed on
Nov 22, 2022
Sold by
Bought by
Seller's Agent
Sybil Martin
Coldwell Banker Realty
Buyer's Agent
Belal Kishta
Ellsbury Group LLC
List Price
$550,000
Sold Price
$530,000
Premium/Discount to List
-$20,000
-3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$795,000
Outstanding Balance
$760,792
Interest Rate
6.58%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 29, 2018
Closed on
Dec 7, 2018
Sold by
Bought by
Seller's Agent
Ron Miller
Ron Miller & Associates, Inc.
Buyer's Agent
Sybil Martin
Coldwell Banker Realty
List Price
$450,000
Sold Price
$450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.16%
Original Mortgage
$722,250
Interest Rate
5.75%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Nov 3, 2014
Closed on
Mar 27, 2015
Sold by
Bought by
Seller's Agent
Stephne Pettitt-Gaines
EXIT Strategy Realty
Buyer's Agent
Ron Miller
Ron Miller & Associates, Inc.
List Price
$187,900
Sold Price
$101,000
Premium/Discount to List
-$86,900
-46.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.43%
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$530,000 None Listed On Document
$450,000 First American Title
$101,000 Chicago Title Land Trust Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $795,000
Previous Owner $722,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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% -- View Prior Sale
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% -- View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,329 $37,348 $5,328 $32,020
2024 $4,329 $37,348 $5,328 $32,020
2023 $4,220 $20,517 $7,400 $13,117
2022 $4,220 $20,517 $7,400 $13,117
2021 $4,126 $20,517 $7,400 $13,117
2020 $4,002 $17,965 $7,400 $10,565
2019 $4,102 $20,415 $7,400 $13,015
2018 $4,033 $20,415 $7,400 $13,015
2017 $5,576 $25,901 $6,512 $19,389
2016 $1,692 $8,450 $6,512 $1,938
2015 $4,746 $25,901 $6,512 $19,389
2014 $5,256 $28,330 $5,328 $23,002
2013 $5,152 $28,330 $5,328 $23,002
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)
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