NOT LISTED FOR SALE
6 Beds
6 Baths
-- Sq Ft
2018 Built

Sale Details

Date Sold: December 8, 2021

Last sale price $895,000

60 Days on Market

Highlights

  • Gated Community
  • Intercom
  • Paved or Partially Paved Lot
  • Contemporary Architecture
  • Forced Air Heating System

About This Home

As of December 2021

Fantastic investment opportunity in an ideal location! True 3-flat built in 2018. 7% Cap Rate! In the heart of Tri Taylor, Illinois Medical District, UIC, West Loop, and United Center. 0.5 mi walk to the Western Blue line to Forest Park branch. Unit 1: $1,912 (being adjusted) a month Unit 2: $2,050 a month Unit 3: $2,050 a month Electric: about $20 a month Water: about $100 a month. 100% OCCUPANCY over the last 24 months with all units occupied currently. Each unit includes: custom chef's kitchen, stainless steel appliances, large quartz island, stained hardwood floors, luxury Italian porcelain baths, tempered glass, washer/dryer in unit, central air, parking spot included and floor to ceiling windows.

Last Agent to Sell the Property

Rafay Qamar

Real Broker LLC License #475158420 Listed on: 08/14/2021

Real Broker LLC

Last Buyer's Agent

Nathan Cizek

Beckercizek Equities Inc. License #471019573

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,918

Year Built

  • Built in 2018

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 6 Bathrooms
  • Separate Shower

Home Security

  • Intercom
  • Storm Screens
  • Carbon Monoxide Detectors

Parking

  • 3 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price
  • Assigned Parking

Lot Details

  • Lot Dimensions are 25 x 124.75
  • Paved or Partially Paved Lot

Schools

  • Jensen Elementary School Olastic
  • Manley Career Academy High Schoo

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Cable TV Available

Community Details

Overview

  • 3 Units
  • Tri Taylor Subdivision

Building Details

  • Electric Expense $240
  • Insurance Expense $1,750
  • Water Sewer Expense $900
  • Gross Income $72,000
  • Net Operating Income $65,082

Additional Features

  • Common Area
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,918

Year Built

Built in 2018

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Contemporary
  • New Construction: No
  • Subdivision Name: Tri-Taylor
  • Year Built: 2018
  • Age: 1-5 Years
  • Built Before 1978 (Y/N): No
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 6
  • Total Bedrooms: 6
  • Other Equipment: TV-Cable, Intercom, CO Detectors
  • Basement Description: Slab
  • Bathroom Amenities: Separate Shower
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Disposal,Central Air Conditioner,Garage/Space,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Disposal,Central Air Conditioner,Garage/Space,Hardwood Floors,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Disposal,Central Air Conditioner,Garage/Space,Hardwood Floors

Exterior Features

  • ExteriorFeatures: Storms/Screens, Cable Access
  • Foundation Details: Concrete Perimeter
  • Lot Features: Common Grounds
  • Roof: Other
  • Waterfront: No
  • Exterior Building Type: Brick,Concrete

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Community Features: Gated, Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 900
  • Trash Expense Year: 2019

Schools

  • Elementary School: Jensen Elementary School Olastic
  • High School: Manley Career Academy High Schoo

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25 X 124.75
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 65082
  • Insurance Expense: 1750
  • ElectricExpense: 240
  • GrossIncome: 72000
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 6918.12
  • Tax Year: 2020
  • Tax Exemptions: None

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
Aug 14, 2021
Closed on
Nov 15, 2021
Sold by
Bought by
Seller's Agent
Rafay Qamar
Real Broker LLC
Buyer's Agent
Nathan Cizek
Beckercizek Equities Inc.
List Price
$950,000
Sold Price
$895,000
Premium/Discount to List
-$55,000
-5.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$671,250
Outstanding Balance
$608,327
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2020
Sold by
Bought by

Purchase Details

Closed on
Jul 23, 2020
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
$573,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 15, 2019
Closed on
May 25, 2019
Sold by
Bought by
Seller's Agent
Karen Biazar
North Clybourn Group, Inc.
Buyer's Agent
Rafael Nivar
North Clybourn Group, Inc.
List Price
$799,000
Sold Price
$774,000
Premium/Discount to List
-$25,000
-3.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,500
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 15, 2019
Closed on
Apr 19, 2019
Sold by
Bought by
Seller's Agent
Karen Biazar
North Clybourn Group, Inc.
Buyer's Agent
Rafael Nivar
North Clybourn Group, Inc.
List Price
$799,000
Sold Price
$774,000
Premium/Discount to List
-$25,000
-3.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,500
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2017
Sold by
Bought by

Purchase Details

Closed on
Apr 19, 2011
Sold by
Bought by

Purchase Details

Closed on
Dec 6, 2010
Sold by
Bought by

Purchase Details

Closed on
Jul 3, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Tri-Taylor, IL

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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
$895,000 Proper Title
-- Title First Agency
-- Title First Agency
-- Attorney
$774,000 Attorneys Ttl Guaranty Fund
$75,000 First American Title
-- None Available
$35,000 Prairie Title Inc
-- --
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
Closed --
Open $671,250
Previous Owner $573,000
Closed $580,500
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
12/08/2021 12/08/21 Sold $895,000 -5.8% --
10/14/2021 10/14/21 Pending -- -- --
08/14/2021 08/14/21 For Sale $950,000 +22.7% --
04/19/2019 04/19/19 Sold $774,000 -3.1% -- View Prior Sale
03/21/2019 03/21/19 Pending -- -- --
03/15/2019 03/15/19 For Sale $799,000 -- --
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 $11,456 $70,284 $8,125 $62,159
2024 $11,456 $73,555 $8,125 $65,430
2023 $12,519 $54,111 $6,563 $47,548
2022 $12,519 $60,658 $6,563 $54,095
2021 $13,921 $68,999 $6,562 $62,437
2020 $6,918 $30,952 $6,562 $24,390
2019 $7,090 $35,173 $6,562 $28,611
2018 $2,247 $11,340 $6,562 $4,778
2017 $1,249 $5,781 $5,781 $0
2016 $1,158 $5,781 $5,781 $0
2015 $1,059 $5,781 $5,781 $0
2014 $1,044 $5,625 $5,625 $0
2013 $1,023 $5,625 $5,625 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11188331

Midwest Real Estate Data (MRED)
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