Seller's Agent in 2024
Mitir Patel
Essex 312, LLC
(773) 209-4785
2 in this area
106 Total Sales
2324 W Monroe St Chicago, IL 60612
United Center Neighborhood
9
Beds
6
Baths
--
Sq Ft
2,614
Sq Ft Lot
Highlights
- Brownstone
- Property is near park
- Soaking Tub
- Deck
- Corner Lot
- 4-minute walk to Park No. 489
About This Home
As of July 2024Welcome to this fantastic investment opportunity in Chicago, IL 60612! This multi-unit property was a full permited gut renovation and features 3 units, with one of them being a highly successful Airbnb that grosses approximately $60,000 a year. After deducting professional management, cleaning costs, and fees, the net income to the owner is estimated at around $36,000 annually all furniture and picture will be included in the sale. In addition to its profitable rental income potential, this property also boasts tastefully furnished interiors that will impress guests and tenants alike. The modern design and amenities make it an attractive place to stay for visitors looking to experience all that Chicago has to offer. Located in a thriving neighborhood with easy access to transportation, dining, and entertainment options, this property is truly a gem for savvy investors looking to expand their real estate portfolio. Don't miss out on this incredible opportunity - schedule a showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,259
Year Built
- Built in 1897 | Remodeled in 2019
Lot Details
- 2,614
Home Design
- Brownstone
- Brick Exterior Construction
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- Ceiling Fan
- Carbon Monoxide Detectors
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Potential Bedrooms
- 6 Bathrooms
- Soaking Tub
- Separate Shower
Finished Basement
- English Basement
- Basement Fills Entire Space Under The House
- Sump Pump
Parking
- 3 Parking Spaces
- Uncovered Parking
- Parking Included in Price
- Assigned Parking
Outdoor Features
- Deck
- Breezeway
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
- Multiple Water Heaters
- Electric Water Heater
Additional Features
- Corner Lot
- Property is near park
Community Details
Overview
- 3 Units
Building Details
- Insurance Expense $2,400
- Maintenance Expense $1,200
- Trash Expense $600
- Water Sewer Expense $600
- Gross Income $93,480
- Net Operating Income $74,622
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/08/2024 07/08/24 | Sold | $840,000 | -1.2% | -- | |
| 06/04/2024 06/04/24 | Pending | -- | -- | -- | |
| 05/14/2024 05/14/24 | For Sale | $849,900 | +325.0% | -- | |
| 07/27/2016 07/27/16 | Sold | $200,000 | +0.1% | -- | View Prior Sale |
| 06/30/2016 06/30/16 | Pending | -- | -- | -- | |
| 06/15/2016 06/15/16 | For Sale | $199,900 | 0.0% | -- | |
| 06/10/2016 06/10/16 | Pending | -- | -- | -- | |
| 06/09/2016 06/09/16 | For Sale | $199,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
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 |
|---|---|---|---|---|
| 2025 | $10,571 | $55,990 | $18,383 | $37,607 |
| 2024 | $10,571 | $55,990 | $18,383 | $37,607 |
| 2023 | $15,259 | $49,932 | $14,825 | $35,107 |
| 2022 | $15,259 | $73,933 | $14,825 | $59,108 |
| 2021 | $8,954 | $44,379 | $14,825 | $29,554 |
| 2020 | $6,484 | $29,010 | $10,081 | $18,929 |
| 2019 | $6,571 | $32,596 | $10,081 | $22,515 |
| 2018 | $2,890 | $14,584 | $10,081 | $4,503 |
| 2017 | $2,656 | $12,295 | $8,895 | $3,400 |
| 2016 | $3,144 | $15,695 | $8,895 | $6,800 |
| 2015 | $7,861 | $42,899 | $8,895 | $34,004 |
| 2014 | $5,389 | $29,046 | $7,412 | $21,634 |
| 2013 | $5,283 | $29,046 | $7,412 | $21,634 |
Source: Public Records
Agents Affiliated with this Home
-
Mitir Patel
-
joey baghdadi
Buyer's Agent in 2024
joey baghdadi
Real People Realty
(312) 919-4118
1 in this area
17 Total Sales
-
Ryan Casper
Seller's Agent in 2016
Ryan Casper
eXp Realty
(312) 888-9395
119 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12038434
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Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID
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