NOT LISTED FOR SALE
7 Beds
4 Baths
850 Sq Ft
1875 Built

Last Sold February 10, 2017

Last sale price $509,000 $599 Per Sq Ft

8 Days on Market

Highlights

  • Corner Lot
  • 3-minute walk to Western Station (Pink Line)
  • Ceiling Fan
  • Two Heating Systems

About This Home

As of February 2017

Amazing investment opportunity! All the heavy lifting has been done for you. Just sit back and watch the cash come rolling in. Rehabbed cash flowing property in hot Pilsen across from Pickard Elementary School. Brick 4 unit fully leased with great rents. Three 2 bedroom units and one 1 bedroom unit. All separate utilities, tenants pay their own electric, gas, and heat. Coin laundry in the basement. Close to transportation, one block from pink line stop. Close to shopping and grocery stores. Easy to rent! Corner location allows a lot of natural light for bright clean apartments.

Last Agent to Sell the Property

Brandon Kurdziel

United Real Estate-Chicago License #475143706 Listed on: 12/13/2016

United Real Estate-Chicago

Last Buyer's Agent

Tao Duan

Concentric Realty, Inc License #475173287

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,854

Year Built

  • Built in 1875 | Remodeled in 2016

Lot Details

  • Lot Dimensions are 25x125
  • Corner Lot
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation

Interior Spaces

  • Ceiling Fan
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

  • 4 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price

Utilities

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

Community Details

Overview

  • 4 Units
  • Pilsen Subdivision, 2 Flats Floorplan

Building Details

  • Gross Income $54,600
  • Net Operating Income $46,747

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,854

Year Built

Built in 1875 | Remodeled in 2016

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Subdivision Name: PILSEN
  • Year Built: 1875
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2016
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2016

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Other Equipment: CO Detectors, Ceiling Fan(s), Sump Pump
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • Room: 3

Exterior Features

  • Foundation Details: Block, Brick/Mortar
  • List Price: 499000
  • Lot Features: Corner Lot
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Alley, Driveway
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Fee Information

  • Other Expenses $: 3000

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: All,Electric,Gas

Multi Family

  • Net Operating Income: 46747
  • GrossIncome: 54600
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 4853.8
  • Tax Year: 2015
  • Tax Exemptions: None

Range of Values:

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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
02/10/2017 02/10/17 Sold $509,000 +2.0% $599 / Sq Ft
12/21/2016 12/21/16 Pending -- -- --
12/13/2016 12/13/16 For Sale $499,000 -- $587 / Sq Ft
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: 09404014

Midwest Real Estate Data (MRED)