NOT LISTED FOR SALE
14 Beds
8 Baths
6,581 Sq Ft
2,925 Sq Ft Lot

Last Sold April 29, 2022

Last sale price $1,650,000 $251 Per Sq Ft

7 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Prescott Elementary School Rated A-
  • 3-minute walk to Wrightwood Park

About This Home

As of April 2022

Location, Location, Location! Amazing location. Never Vacant, TONS of new development on greenview. walking distance to Depaul, stores, bus, train, and close to interstate. Legal 6 unit building offered at a 6.4% cap rate in the HOT Lincoln Park Neighborhood. This is a headache free building that you can feel confident purchasing. With new construction going up all around it this meticulously maintained building is sure to go up in value. Rents are good but there is room for improvement. PROPETY CAN BE BOUGHT WITH THE ENTIRE PORTFOLIO OR AS INDIVIDUALS. So many great opportunities. CAPITALIZE WITH AIR BNB, FURNISHED STUDENT HOUSING, RENTALS, OWNER OCCUPIED HOUSE HACKING, TEAR DOWN AND BUILD A SF HOME OR 4 UNIT CONDO BUILDING. This meticulously maintained building is all about LOCATION, LOCATION, LOCATION!!!!**************MULTIPLE OFFERS RECEIVED!**************

Last Agent to Sell the Property

Kimberly Chang

Realty ONE Group Karmma License #475177649 Listed on: 02/28/2022

Co-Listed By

Travis Montgomery

Keller Williams ONEChicago License #475184338

Last Buyer's Agent

Jason Huang

Keller Williams Experience License #475193304

Keller Williams Experience

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,998

Year Built

  • Built in 1888

Lot Details

  • 2,925 Sq Ft Lot

Home Design

  • Pitched Roof
  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,581 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 8 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Floor Furnace
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $340
  • Insurance Expense $3,594
  • Maintenance Expense $12,963
  • Water Sewer Expense $2,266
  • Operating Expense $26,720
  • Gross Income $11,075
  • Net Operating Income $106,180

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,998

Year Built

Built in 1888

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1888
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required,No Sign on Property
  • Estimated Age: New Rehab
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 14
  • Possible Use: Condominium, Development, Multi-Family, Single Family
  • Fireplaces: 6
  • Refrigerators: 6
  • Ranges: 6
  • Number of Windows: 0
  • Number of Washers: 6
  • Room: 5
  • Room: 7
  • Room: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 1650000
  • Roof: Composition
  • Exterior Building Type: Vinyl Siding
  • Roof Structure: Pitched

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas,Individual Furnaces

Condo/Co-op/Association

  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 2266
  • Janitor Expense: 2522

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.07
  • Lot Dimensions: .067 ACRES
  • Lot Size Sq Ft: 2925
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat, Other
  • Board Number: 8
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 6581

Multi Family

  • Net Operating Income: 106180
  • Insurance Expense: 3594
  • ElectricExpense: 340
  • GrossIncome: 11075
  • Maintenance Expense: 12963
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 26720
  • Expense Year: 2021
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 17998
  • Tax Year: 2020

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
04/29/2022 04/29/22 Sold $1,650,000 0.0% $251 / Sq Ft
03/08/2022 03/08/22 Pending -- -- --
02/28/2022 02/28/22 For Sale $1,650,000 -- $251 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11332650

Midwest Real Estate Data (MRED)