NOT LISTED FOR SALE

2242 S Spaulding Ave Chicago, IL 60623

Little Village Neighborhood
10 Beds
5 Baths
-- Sq Ft
3,125 Sq Ft Lot

Sale Details

Date Sold: May 25, 2022

Last sale price $350,000

13 Days on Market

About This Home

As of May 2022

Great investment opportunity! Beautiful 5-unit building, 2 bedrooms well-maintained in the neighborhood Little Village. Long term tenants, month to month tenants. Bring your investors!

Last Agent to Sell the Property

Alma Meza

Classic Realty Group Prestige License #471017526 Listed on: 03/22/2022

Co-Listed By

Nadia Meza

Classic Realty Group Prestige License #475183657

Last Buyer's Agent

Tyler Weekes

Star Realty & Management License #475174404

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,749

Year Built

  • Built in 1905

Lot Details

  • 3,125 Sq Ft Lot
  • Lot Dimensions are 124x25

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3-Story Property
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $500
  • Fuel Expense $1,650
  • Insurance Expense $988
  • Water Sewer Expense $2,583
  • Operating Expense $9,470
  • Gross Income $22,625
  • Net Operating Income $13,155

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,749

Year Built

Built in 1905

Lot Details

3,125 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 3
  • Year Built: 1905
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Bedrooms: 10
  • Fireplaces: 1
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Concrete
  • Roof: Composition
  • Exterior Building Type: Brick

Utilities

  • Cooling: None
  • Heat/Ventilation: Forced Air

Fee Information

  • Water Sewer Expenses: 2583

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 124X25
  • Lot Size Sq Ft: 3125
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8
  • Tenancy Type: Month To Month

Multi Family

  • Net Operating Income: 13155
  • Fuel Expense: 1650
  • Insurance Expense: 988
  • ElectricExpense: 500
  • GrossIncome: 22625
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 9470
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 3748.73
  • 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
Mar 22, 2022
Closed on
May 13, 2022
Sold by
Bought by
Seller's Agent
Alma Meza
Classic Realty Group Prestige
Buyer's Agent
Tyler Weekes
Star Realty & Management
List Price
$399,100
Sold Price
$350,000
Premium/Discount to List
-$49,100
-12.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$497,500
Interest Rate
0.0511%
Mortgage Type
Construction
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
$350,000 Chicago Title
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 $487,500
Closed $497,500
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
05/25/2022 05/25/22 Sold $350,000 -12.3% --
04/06/2022 04/06/22 Pending -- -- --
03/23/2022 03/23/22 For Sale $399,100 -- --
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 $5,288 $37,325 $4,531 $32,794
2024 $5,288 $37,325 $4,531 $32,794
2023 $5,155 $25,063 $3,672 $21,391
2022 $5,155 $25,063 $3,672 $21,391
2021 $5,040 $25,062 $3,671 $21,391
2020 $3,749 $16,828 $3,671 $13,157
2019 $3,931 $19,568 $3,671 $15,897
2018 $3,865 $19,568 $3,671 $15,897
2017 $4,702 $21,843 $3,281 $18,562
2016 $4,375 $21,843 $3,281 $18,562
2015 $4,003 $21,843 $3,281 $18,562
2014 $3,177 $17,124 $3,125 $13,999
2013 $3,114 $17,124 $3,125 $13,999
Source: Public Records

Agents Affiliated with this Home

  • Alma Meza

    Seller's Agent in 2022

    Alma Meza

    Classic Realty Group Prestige

    (773) 491-8106

    3 in this area

    42 Total Sales

    Alma Meza
    Section Image
  • Nadia Meza

    Seller Co-Listing Agent in 2022

    Nadia Meza

    Classic Realty Group Prestige

    (708) 296-2955

    4 in this area

    42 Total Sales

    Nadia Meza
    Section Image

  • T

    Buyer's Agent in 2022

    Tyler Weekes

    Star Realty & Management

    (847) 324-8966

    1 in this area

    21 Total Sales

    Tyler Weekes
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11354432

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60623 Little Village

2242 S Spaulding Ave, Chicago, IL

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) 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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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