NOT LISTED FOR SALE

2235 W Race Ave Chicago, IL 60612

West Town Neighborhood

Estimated Value: $502,000 - $974,000

4 Beds
2 Baths
-- Sq Ft
2,134 Sq Ft Lot

Last Sold January 31, 2014

Last sale price $425,000

Est. 75% increase in value since last sale

Current estimated payment $4,794/month

3 Days on Market

Highlights

  • Den
  • Forced Air Heating System
  • Paved or Partially Paved Lot
  • Mitchell Elementary School Rated A-
  • Ceiling Fan

About This Home

As of January 2014

West Town's Best Two Flat Investment! The work has been done to this rock solid remodeled two-unit building. Three options: Live in Owner. Rent either unit for $1,200+. Convert/Rehab into a fantastic single family home. Developer: Expand/Rehab. Each unit has washer & dryer in unit. Each unit has separate utilities. 3 Car Parking. Walk to all the great restaurants, bars, boutiques on Chicago Ave

Last Agent to Sell the Property

Steve McEwen

@properties Christie's International Real Estate License #475116369 Listed on: 11/01/2013

@properties Christie's International Real Estate

Last Buyer's Agent

Renee Leung

Redfin Corporation License #475154556

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,000

Lot Details

  • Lot Dimensions are 25 x 100
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Ceiling Fan
  • Den
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Partial Basement
  • Crawl Space

Parking

  • 3 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,000

Lot Details

2,134 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rehab (Y/N): Yes
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Other Equipment: CO Detectors, Ceiling Fan(s)
  • Room Type: Den
  • Basement Description: Unfinished,Crawl
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Central Air Conditioner,Laundry Hook-Up
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Laundry Hook-Up

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: No
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Indv Controls
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Lot Info

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

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 5999.77
  • Tax Year: 2012
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2013
Closed on
Jan 29, 2014
Sold by
Vanderway Joy A and Sostak John
Bought by
Tomka Andrew J and Kuhn Elizabeth M
Seller's Agent
Steve McEwen
@properties Christie's International Real Estate
Buyer's Agent
Renee Leung
Redfin Corporation
List Price
$399,900
Sold Price
$425,000
Premium/Discount to List
$25,100
6.28%
Current Estimated Value
$742,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,878
Avg. Annual Appreciation
4.71%
Original Mortgage
$417,302
Outstanding Balance
$312,226
Interest Rate
4.39%
Mortgage Type
FHA
Estimated Equity
$430,652

Purchase Details

Closed on
Mar 3, 2011
Sold by
Kim Eugene and Alferi Margaret
Bought by
Vanderway Joy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,920
Interest Rate
5.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 18, 2004
Sold by
Dunn Jeffrey C and Godsell Meta
Bought by
Kim Eugene L and Alferi Margaret T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,000
Interest Rate
6.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 28, 2000
Sold by
Frangello John and Frangello Alice
Bought by
Dunn Jeffrey C and Godsell Meta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,250
Interest Rate
8.12%
Mortgage Type
Commercial
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

Date Buyer Sale Price Title Company
Tomka Andrew J $425,000 North American Title Co
Vanderway Joy A $250,000 Multiple
Kim Eugene L $395,000 Multiple
Dunn Jeffrey C $255,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tomka Andrew J $417,302
Previous Owner Vanderway Joy A $199,920
Previous Owner Kim Eugene L $327,000
Previous Owner Dunn Jeffrey C $242,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2014 01/31/14 Sold $425,000 +6.3% --
11/04/2013 11/04/13 Pending -- -- --
11/01/2013 11/01/13 For Sale $399,900 -- --
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 $11,149 $76,000 $15,913 $60,087
2024 $11,149 $43,000 $15,913 $27,087
2023 $10,815 $56,000 $12,816 $43,184
2022 $10,815 $56,000 $12,816 $43,184
2021 $10,591 $56,000 $12,816 $43,184
2020 $9,067 $43,802 $7,262 $36,540
2019 $9,199 $49,216 $7,262 $41,954
2018 $9,043 $49,216 $7,262 $41,954
2017 $8,427 $42,523 $6,408 $36,115
2016 $8,017 $42,523 $6,408 $36,115
2015 $7,792 $42,523 $6,408 $36,115
2014 $6,203 $33,435 $5,340 $28,095
2013 $6,081 $33,435 $5,340 $28,095
Source: Public Records

Agents Affiliated with this Home

  • Steve McEwen

    Seller's Agent in 2014

    Steve McEwen

    @ Properties

    (312) 307-9470

    3 in this area

    148 Total Sales

    Steve McEwen
    Section Image

  • R

    Buyer's Agent in 2014

    Renee Leung

    Redfin Corporation

    Renee Leung
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08480104

Midwest Real Estate Data (MRED)

APN: 17-07-122-010-0000

Illinois Cook County Chicago 60612 West Town

2235 W Race Ave, Chicago, IL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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