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

Sale Details

Date 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

2,925 Sq Ft Lot

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
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • 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 Washers: 6
  • Room: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • 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

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
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 17998
  • Tax Year: 2020

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
Feb 28, 2022
Closed on
Apr 15, 2022
Sold by
Bought by
Seller's Agent
Kimberly Chang
Realty ONE Group Karmma
Buyer's Agent
Jason Huang
Keller Williams Experience
List Price
$1,650,000
Sold Price
$1,650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,255,000
Interest Rate
0.0442%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 2012
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
$712,197
Interest Rate
0.0071%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 18, 2005
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
$796,000
Interest Rate
0.0582%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 6, 2002
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
$832,000
Interest Rate
0.0575%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2001
Sold by
Bought by

Purchase Details

Closed on
Jan 16, 2001
Sold by
Bought by

Purchase Details

Closed on
May 5, 1998
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
$1,650,000 Chicago Title
-- None Available
-- Multiple
$1,040,000 Stewart Title
-- --
-- --
$400,000 --
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 $1,255,000
Closed $712,197
Previous Owner $796,000
Closed $832,000
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
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

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 $19,655 $130,662 $54,405 $76,257
2024 $19,655 $130,662 $54,405 $76,257
2023 $21,003 $93,154 $43,875 $49,279
2022 $21,003 $102,114 $43,875 $58,239
2021 $21,115 $105,000 $43,875 $61,125
2020 $17,999 $80,796 $21,060 $59,736
2019 $18,037 $89,774 $21,060 $68,714
2018 $18,377 $93,031 $21,060 $71,971
2017 $16,751 $77,812 $18,720 $59,092
2016 $15,585 $77,812 $18,720 $59,092
2015 $14,259 $77,812 $18,720 $59,092
2014 $13,655 $73,595 $15,795 $57,800
2013 $13,385 $73,595 $15,795 $57,800
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)
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