NOT LISTED FOR SALE
12 Beds
12 Baths
5,589 Sq Ft
1912 Built

Last Sold April 10, 2024

Last sale price $2,425,000 $434 Per Sq Ft

81 Days on Market

About This Home

As of April 2024

Nestled in the heart of Ukrainian Village, luxury meets convenience in this stunning, all-brick eight-unit building. This extra-wide lot has been spectacularly updated with no expense spared, and the building now features high-end luxury rental apartments, each with its own unique charm. The building consists of four spacious two-bedroom, two-bath apartments and four charming one-bedroom, one-bath apartments. All units feature high-end finishes, including stainless steel appliances, quartz countertops, customized closets, and in-unit washer and dryers. Hardwood floors run throughout, and each unit has central air conditioning and heat for your tenants' comfort. Recent upgrades to the building include brand new plumbing, electrical, and water service, as well as tuckpointing and a new tear-off roof installed less than 12 months ago, ensuring low maintenance costs for years to come. This prime investment opportunity generates nearly $20,000 in monthly gross revenue, making it a perfect armchair investment for anyone looking for a stable return. And with parking available, your tenants will never have to worry about finding a spot on the street. Located in one of Chicago's most desirable neighborhoods, this property is sure to attract discerning renters seeking luxury and convenience. This is a rare opportunity to own a turnkey investment property in Ukrainian Village.

Last Agent to Sell the Property

Joseph Kotoch

Compass License #475158180 Listed on: 11/30/2023

Compass

Co-Listed By

Audrey Jones

Compass License #475203599

Last Buyer's Agent

Sushil Hani

Citywide Real Estate License #475159322

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,391

Year Built

  • Built in 1912

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Additional Features

  • 3-Story Property
  • Lot Dimensions are 30x125

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $52
  • Insurance Expense $417
  • Trash Expense $237
  • Water Sewer Expense $219
  • Operating Expense $32,487
  • Gross Income $236,400
  • Net Operating Income $203,913

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,391

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 3
  • Year Built: 1912
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: New Rehab
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 12
  • Total Bedrooms: 12
  • Fireplaces: 8
  • Drive-In Doors: 8
  • Dishwashers: 8
  • Refrigerators: 8
  • Ranges: 8
  • Number of Windows: 0
  • Number of Washers: 8
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 2600000

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: Central Air
  • Heat/Ventilation: Central Heat/Indiv Controls,Gas

Condo/Co-op/Association

  • Unincorporated (Y/N): No

Fee Information

  • Trash Expense: 237
  • Water Sewer Expenses: 219
  • Janitor Expense: 0
  • Operating Expense Includes: Insurance,Trash,Utilities,Water/Sewer,Electricity,Real Estate Tax

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 30X125
  • Zoning: MULTI

Rental Info

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

Multi Family

  • Net Operating Income: 203913
  • Insurance Expense: 417
  • ElectricExpense: 52
  • GrossIncome: 236400
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 32487
  • Expense Year: 2023
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 21391
  • Tax Year: 2022

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
04/10/2024 04/10/24 Sold $2,425,000 -6.7% $434 / Sq Ft
02/20/2024 02/20/24 Pending -- -- --
01/15/2024 01/15/24 Price Changed $2,600,000 -3.7% $465 / Sq Ft
11/30/2023 11/30/23 For Sale $2,700,000 -- $483 / 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: 11939255

Midwest Real Estate Data (MRED)

APN: 17063120270000