NOT LISTED FOR SALE

Estimated Value: $419,000 - $527,000

4 Beds
4 Baths
1,460 Sq Ft
$325/Sq Ft Est. Value

Last Sold February 05, 2018

Last sale price $310,000 $212 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $3,163/month

79 Days on Market

About This Home

As of February 2018

WEST PILSEN FRAME 2 FLAT ON DOUBLE LOT WITH RT-4 ZONING. SIDE YARD HAS IT'S OWN PIN AND IS 25'X125'. GREAT LOCATION JUST A FEW BLOCKS FROM LAGUNITAS, MOVIE DISTRICT ON WESTERN, PINK LINE AND METRA STOP. BUILDING NEEDS A LITTLE TLC BUT HAS GREAT POTENTIAL. THERE ARE 2 ADDITIONAL INLAW UNITS AND OWNER AND BROKER CANNOT GUARANTEE THE LEGALITY OF THOSE UNIT. GROSS MONTHLY RENTS ARE CURRENTLY $2,350 WITH ALL TENANTS ON MONTH TO MONTH LEASES. LOTS OF OPTIONS TO GET CREATIVE HERE. OWNER OCCUPIER COULD REHAB AND MAKE IT A HUGE SINGLE FAMILY HOME WITH THEIR OWN PRIVATE SIDE YARD (WOULD REQUIRE REHAB LOAN OR CASH). INVESTOR COULD REHAB AND MAKE 2 HUGE APARTMENTS WITH ESTIMATED RENTS AROUND $1,750 TO $2,000 FOR EACH UNIT AND EITHER SELL OFF THE LOT OR DEVELOP IT. CURRENT LAYOUTS ARE AS FOLLOWS: 1F - 2 BED, 2 BATH; 2F - 1 BED, 1 BATH; 1R - 1 BED, 1 BATH; AND 2R - 2 BED, 1 BATH.

Last Agent to Sell the Property

Phil Buoscio

Keller Williams ONEChicago License #471004200 Listed on: 05/22/2017

Keller Williams ONEChicago

Last Buyer's Agent

Phil Buoscio

Keller Williams ONEChicago License #471004200 Listed on: 05/22/2017

Keller Williams ONEChicago

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,176

Year Built

  • Built in 1885

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 50x125
  • Paved or Partially Paved Lot
  • Additional Parcels

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 4 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units
  • Gross Income $28,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,176

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1885
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • List Price: 339999
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Frame

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.07
  • Lot Dimensions: 50X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • GrossIncome: 28200
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 4176.12
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2017
Closed on
Jan 11, 2018
Sold by
Galbraith Thomas A
Bought by
Arg Partners Llc
Seller's Agent
Phil Buoscio
Keller Williams ONEChicago
Buyer's Agent
Phil Buoscio
Keller Williams ONEChicago
List Price
$379,900
Sold Price
$310,000
Premium/Discount to List
-$69,900
-18.4%
Current Estimated Value
$475,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,000
Avg. Annual Appreciation
4.95%

Purchase Details

Closed on
Aug 15, 2005
Sold by
Wells Mckinley and Ko Ock Ju
Bought by
Galbraith Thomas A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 20, 2002
Sold by
Wells Marjory L
Bought by
Wells Mckinley and Ko Ock Ju

Purchase Details

Closed on
Aug 15, 2000
Sold by
Chicago Title Land Trust Company
Bought by
Wells Mckinley and Wells Marjory L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,190
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Arg Partners Llc $310,000 Chicago Title
Galbraith Thomas A $335,000 Chicago Title Insurance Comp
Wells Mckinley -- Chicago Title Insurance Co
Wells Mckinley $146,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fasca Series Llc $261,750
Closed Arg Partners Llc $526,250
Closed Arg Partners Llc $3,750,000
Previous Owner Galbraith Thomas A $277,500
Previous Owner Galbraith Thomas A $268,000
Previous Owner Wells Mckinley $15,000
Previous Owner Wells Mckinley $128,190
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2018 02/05/18 Sold $310,000 0.0% $212 / Sq Ft
11/15/2017 11/15/17 Off Market $310,000 -- --
08/09/2017 08/09/17 Pending -- -- --
07/25/2017 07/25/17 Price Changed $349,900 -7.9% $240 / Sq Ft
07/17/2017 07/17/17 For Sale $379,900 0.0% $260 / Sq Ft
07/06/2017 07/06/17 Pending -- -- --
06/16/2017 06/16/17 Price Changed $379,900 -5.0% $260 / Sq Ft
05/22/2017 05/22/17 For Sale $399,900 -- $274 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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
2024 $6,963 $29,001 $11,563 $17,438
2023 $6,788 $33,000 $9,375 $23,625
2022 $6,788 $33,000 $9,375 $23,625
2021 $6,636 $33,000 $9,375 $23,625
2020 $4,564 $20,486 $7,343 $13,143
2019 $4,573 $22,763 $7,343 $15,420
2018 $4,496 $22,763 $7,343 $15,420
2017 $3,527 $16,383 $6,406 $9,977
2016 $3,281 $16,383 $6,406 $9,977
2015 $3,002 $16,383 $6,406 $9,977
2014 $3,124 $16,839 $5,625 $11,214
2013 $3,063 $16,839 $5,625 $11,214
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09634183

Midwest Real Estate Data (MRED)

APN: 17-19-302-025-0000