Seller's Agent in 2023
Brandon Carlson
Hideout III LLC
(949) 466-7085
2 in this area
21 Total Sales
2347 W Thomas St Chicago, IL 60622
Ukrainian Village Neighborhood
17
Beds
14
Baths
6,009
Sq Ft
3,485
Sq Ft Lot
About This Home
As of December 20232347 W. Thomas is a unique six-unit, plus non-conforming garden unit with approval for 2 ADUs, located in Chicago's hot Ukrainian Village Neighborhood. The front 4 units have undergone recent renovations, boasting modern finishes throughout, including updated kitchens, bathrooms, and flooring. Each apartment is equipped with in-unit laundry, individual HVAC units, and separate hot-water heaters. Situated within the sought-after Ukrainian Village Neighborhood, this property offers not only a prime location but also a myriad of benefits. Ukrainian Village has established itself as one of Chicago's most desirable neighborhoods, boasting picturesque tree-lined streets, excellent access to public transportation, thriving retail, and quick access to some of Chicago's best restaurants. This property presents an ideal opportunity for new investors to step in and capitalize on the potential for increased rental income in the recently refurbished units. Moreover, there is significant value-add potential in the three units at the rear of the property. As an added advantage, the city's new ADU program can be leveraged to introduce further value and appeal to the property.
Last Agent to Sell the Property
Hideout III LLC License #471022323 Listed on: 10/06/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,223
Year Built
- Built in 1915
Lot Details
- 3,735 Sq Ft Lot
Home Design
- Brick Exterior Construction
Interior Spaces
- 6,009 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 17 Bedrooms
- 14 Bathrooms
Utilities
- Central Air
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for air conditioning, electricity, heat, hot water
Community Details
Overview
- 7 Units
Building Details
- Electric Expense $1,450
- Fuel Expense $465
- Insurance Expense $3,830
- Maintenance Expense $2,300
- Trash Expense $4,065
- Water Sewer Expense $2,749
- Operating Expense $44,327
- Gross Income $172,080
- Net Operating Income $111,849
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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 |
|---|---|---|---|---|
| 12/29/2023 12/29/23 | Sold | $1,625,000 | -7.9% | $270 / Sq Ft |
| 11/16/2023 11/16/23 | Pending | -- | -- | -- |
| 10/11/2023 10/11/23 | For Sale | $1,765,000 | -- | $294 / Sq Ft |
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 | $22,865 | $112,301 | $32,495 | $79,806 |
| 2024 | $22,865 | $112,301 | $32,495 | $79,806 |
| 2023 | $22,224 | $108,048 | $26,145 | $81,903 |
| 2022 | $22,224 | $108,048 | $26,145 | $81,903 |
| 2021 | $21,727 | $108,048 | $26,145 | $81,903 |
| 2020 | $17,556 | $78,807 | $12,699 | $66,108 |
| 2019 | $17,992 | $89,554 | $12,699 | $76,855 |
| 2018 | $17,690 | $89,554 | $12,699 | $76,855 |
| 2017 | $15,917 | $73,939 | $11,205 | $62,734 |
| 2016 | $14,809 | $73,939 | $11,205 | $62,734 |
| 2015 | $13,549 | $73,939 | $11,205 | $62,734 |
| 2014 | $9,191 | $49,537 | $9,337 | $40,200 |
| 2013 | $10,124 | $55,666 | $9,337 | $46,329 |
Source: Public Records
Agents Affiliated with this Home
-
Brandon Carlson
-
Steve Zaleski
Buyer's Agent in 2023
Steve Zaleski
Compass
(847) 814-4301
2 in this area
112 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11901349
APN: 17063080060000
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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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