Seller's Agent in 2026
Davis Edgerly
33 Realty
(773) 849-7084
1 in this area
17 Total Sales
2318 S Homan Ave Chicago, IL 60623
Little Village Neighborhood
--
Bed
--
Bath
--
Sq Ft
3,125
Sq Ft Lot
About This Home
As of June 20262318 S Homan Ave is a well-maintained and thoughtfully updated 6-unit multifamily investment property located in the heart of Chicago's vibrant Little Village neighborhood. This solid brick building has seen extensive capital improvements, presenting an excellent opportunity for a savvy investor seeking both strong in-place cash flow and long-term upside. Each apartment is equipped with newer furnaces and hot water heaters, copper plumbing throughout, and updated kitchens featuring newer stoves, refrigerators, and select cabinet upgrades. The building has been fully updated with new electrical service, conduit and wiring with individual electrical panels for each unit. Exterior improvements include tuckpointing and a newly constructed two-car garage. There is also an opportunity to add a legal 7th unit in the unfinished attic space that spans the entire building. With stable operations and clear potential for rent growth through lease renewals, this property offers the ability to further enhance returns while benefiting from a well-improved asset. A strong multifamily investment with attractive current income and long-term appreciation potential-an excellent addition to any real estate portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,119
Year Built
- Built in 1908
Lot Details
- 3,125 Sq Ft Lot
- Lot Dimensions are 25x125
Home Design
- Brick Exterior Construction
- Pitched Roof
Interior Spaces
- 3-Story Property
Utilities
- No Cooling
- Forced Air Heating System
- Separate Meters
- 200+ Amp Service
Listing and Financial Details
- Tenant pays for electricity, heat
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $500
- Insurance Expense $4,650
- Maintenance Expense $3,000
- Manager Expense $3,925
- Trash Expense $3,084
- Water Sewer Expense $1,800
- Operating Expense $25,228
- Gross Income $85,200
- Net Operating Income $56,282
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 4, 2026
Closed on
Jun 8, 2026
Sold by
Bought by
Seller's Agent
Davis Edgerly
33 Realty
Buyer's Agent
Shawn Jones
Berkshire Hathaway HomeServices Chicago
List Price
$700,000
Sold Price
$650,000
Premium/Discount to List
-$50,000
-7.14%
Views
32
Purchase Details
Listed on
Dec 15, 2021
Closed on
Dec 17, 2021
Sold by
Bought by
Seller's Agent
Alex Haried
Compass
Buyer's Agent
Non Member
NON MEMBER
Sold Price
$475,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.25%
Original Mortgage
$420,000
Interest Rate
2.98%
Mortgage Type
Construction
Purchase Details
Listed on
Jul 10, 2017
Closed on
Aug 24, 2018
Sold by
Bought by
Seller's Agent
Matthew Olszak
Olszak Realty Inc.
Buyer's Agent
Alex Haried
Compass
List Price
$379,900
Sold Price
$340,000
Premium/Discount to List
-$39,900
-10.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.56%
Original Mortgage
$255,000
Interest Rate
6%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 15, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,000
Interest Rate
7.13%
Mortgage Type
Construction
Purchase Details
Closed on
Mar 9, 1995
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $650,000 | None Listed On Document | |
| Warranty Deed | $475,000 | Chicago Title | |
| Warranty Deed | $340,000 | First American Title | |
| Interfamily Deed Transfer | -- | Chicago Title Insurance Co | |
| Quit Claim Deed | -- | -- |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $420,000 | Construction | |
| Previous Owner | $255,000 | Commercial | |
| Previous Owner | $103,000 | Construction |
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 |
|---|---|---|---|---|---|
| 06/11/2026 06/11/26 | Sold | $650,000 | -7.1% | -- | |
| 04/13/2026 04/13/26 | Pending | -- | -- | -- | |
| 03/04/2026 03/04/26 | For Sale | $700,000 | +47.4% | -- | |
| 12/20/2021 12/20/21 | Sold | $475,000 | 0.0% | $86 / Sq Ft | View Prior Sale |
| 12/17/2021 12/17/21 | For Sale | -- | -- | -- | |
| 12/16/2021 12/16/21 | Pending | -- | -- | -- | |
| 12/16/2021 12/16/21 | For Sale | $475,000 | +39.7% | $86 / Sq Ft | |
| 08/24/2018 08/24/18 | Sold | $340,000 | 0.0% | $62 / Sq Ft | View Prior Sale |
| 07/07/2018 07/07/18 | Off Market | $340,000 | -- | -- | |
| 09/04/2017 09/04/17 | Pending | -- | -- | -- | |
| 07/10/2017 07/10/17 | For Sale | $379,900 | -- | $69 / Sq Ft |
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 | $6,119 | $45,387 | $4,531 | $40,856 |
| 2024 | $6,119 | $45,387 | $4,531 | $40,856 |
| 2023 | $5,965 | $29,000 | $3,672 | $25,328 |
| 2022 | $5,965 | $29,000 | $3,672 | $25,328 |
| 2021 | $5,831 | $28,999 | $3,671 | $25,328 |
| 2020 | $4,457 | $20,007 | $3,671 | $16,336 |
| 2019 | $4,674 | $23,265 | $3,671 | $19,594 |
| 2018 | $3,374 | $23,265 | $3,671 | $19,594 |
| 2017 | $5,145 | $23,899 | $3,281 | $20,618 |
| 2016 | $3,929 | $23,899 | $3,281 | $20,618 |
| 2015 | $4,379 | $23,899 | $3,281 | $20,618 |
| 2014 | $2,636 | $18,613 | $3,125 | $15,488 |
| 2013 | $3,385 | $18,613 | $3,125 | $15,488 |
Source: Public Records
Agents Affiliated with this Home
-
Davis Edgerly
-
Shawn Jones
Buyer's Agent in 2026
Shawn Jones
Berkshire Hathaway HomeServices Chicago
(708) 785-2523
1 in this area
91 Total Sales
-
Alex Haried
Seller's Agent in 2021
Alex Haried
Compass
(630) 308-0795
3 in this area
97 Total Sales
-
N
Buyer's Agent in 2021
Non Member
NON MEMBER
-
M
Seller's Agent in 2018
Matthew Olszak
Olszak Realty Inc.
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12553916
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.
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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