NOT LISTED FOR SALE
8 Beds
4 Baths
-- Sq Ft
3,920 Sq Ft Lot

Sale Details

Date Sold: May 15, 2024

Last sale price $545,000

6 Days on Market

About This Home

As of May 2024

Fantastic opportunity to own a multi-unit building in McKinley Park. This property was updated just a few years back and has been well-maintained since. Additional features; a fully fenced-in lot plus two exists per unit. Unfinished basement for added storage and an in-building Laundry area. Rehab was completed in 2010. Per the previous owner, this used to be a 7-unit and was converted to a legal 4 (zoning certificate can be provided). Minutes from Expressway and Orange Line. Solid monthly income with the opportunity for additional as well. Only one unit was photographed but make your appointment to see them all. Current rentals bring in 4140/ month with an opportunity to increase rental income per market rents

Last Agent to Sell the Property

Maribel Lopez

Keller Williams Infinity License #475168274 Listed on: 03/12/2024

Keller Williams Infinity

Last Buyer's Agent

Erik Corral

You Properties LLC License #471022423

You Properties LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,585

Year Renovated

  • 2010

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 30 x 135

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 4 Units
  • Mckinley Gardens Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,585

Year Renovated

2010

Lot Details

3,920 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Subdivision Name: Mckinley Gardens
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2010
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2010

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

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

Lot Info

  • Lot Size Acres: 0.09
  • Lot Dimensions: 30 X 135
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 5585.01
  • Tax Year: 2022
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat,2 Story Unit/s

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 12, 2024
Closed on
May 8, 2024
Sold by
Bought by
Seller's Agent
Maribel Lopez
Keller Williams Infinity
Buyer's Agent
Erik Corral
You Properties LLC
List Price
$575,000
Sold Price
$545,000
Premium/Discount to List
-$30,000
-5.22%
Views
36

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
0.0682%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2017
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
$382,936
Interest Rate
0.0437%
Mortgage Type
FHA

Purchase Details

Listed on
May 19, 2014
Closed on
Oct 10, 2014
Sold by
Bought by
Seller's Agent
Daniel Covarrubias
Urbanitas Inc.
Buyer's Agent
Anuar Mendez
@properties Christie's International Real Estate
List Price
$299,000
Sold Price
$285,000
Premium/Discount to List
-$14,000
-4.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,837
Interest Rate
0.0425%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 26, 2010
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
$48,000
Interest Rate
0.06%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 8, 2009
Sold by
Bought by

Purchase Details

Closed on
Apr 18, 2007
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
$200,000
Interest Rate
0.0875%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 23, 2007
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
$200,000
Interest Rate
0.0875%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 8, 2002
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 Buyer Sale Price Title Company
$545,000 None Listed On Document
-- Citywide Title Corporation
-- Citywide Title Corporation
$285,000 Git
$60,000 Cti
-- None Available
-- None Available
$250,000 Pntn
-- --
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 Borrower Loan Amount
Open $405,000
Previous Owner $382,936
Closed $279,837
Closed $48,000
Closed $200,000
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
05/15/2024 05/15/24 Sold $545,000 -5.2% --
03/19/2024 03/19/24 Pending -- -- --
03/12/2024 03/12/24 For Sale $575,000 +101.8% --
10/10/2014 10/10/14 Sold $285,000 -4.7% -- View Prior Sale
08/07/2014 08/07/14 Pending -- -- --
07/17/2014 07/17/14 For Sale $299,000 0.0% --
06/06/2014 06/06/14 Pending -- -- --
05/19/2014 05/19/14 For Sale $299,000 -- --
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 $5,728 $35,000 $12,555 $22,445
2024 $5,728 $35,000 $12,555 $22,445
2023 $5,585 $27,000 $10,125 $16,875
2022 $5,585 $27,000 $10,125 $16,875
2021 $5,429 $27,000 $10,125 $16,875
2020 $4,700 $20,961 $8,100 $12,861
2019 $4,872 $24,094 $8,100 $15,994
2018 $4,790 $24,094 $8,100 $15,994
2017 $6,603 $30,472 $6,885 $23,587
2016 $6,143 $30,472 $6,885 $23,587
2015 $5,625 $30,472 $6,885 $23,587
2014 $3,986 $21,317 $4,860 $16,457
2013 $4,366 $23,814 $4,860 $18,954
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11941909

Midwest Real Estate Data (MRED)
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