NOT LISTED FOR SALE
10 Beds
5 Baths
6,791 Sq Ft
1917 Built

Last Sold November 06, 2023

Last sale price $250,000 $37 Per Sq Ft

19 Days on Market

About This Home

As of November 2023

This 5 unit brick multi-family building is a great opportunity for the savvy investor in the greater Chicago Lawn neighborhood and is fully occupied. This property consists of 5 two bedroom units which 2 of the units have a bonus room ( can be used as a bedroom) and hardwood floors. All units have 1 bathroom. All units have spacious living rooms and dining rooms. Each unit has its own furnace and hot water tank. This property is close to public transportation (Western), restaurants, fast foods, auto dealerships and much more. Sold AS IS

Last Agent to Sell the Property

Edna Rutherford

Exit Strategy Realty / EMA Management License #475155625 Listed on: 09/20/2023

Last Buyer's Agent

Rosa Terrazas

Century 21 Circle License #475147200

Century 21 Circle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,223

Year Built

  • Built in 1917

Parking

  • On-Street Parking

Interior Spaces

  • 6,791 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Utilities

  • Floor Furnace

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $650
  • Fuel Expense $800
  • Insurance Expense $3,500
  • Manager Expense $3,800
  • Other Expense $1,250
  • Trash Expense $2,100
  • Water Sewer Expense $1,300
  • Operating Expense $16,640
  • Gross Income $50,400
  • Net Operating Income $33,760

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,223

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1917
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Bedrooms: 10
  • Basement Description: Partially Finished
  • Room: 0

Garage/Parking

  • Outdoor Parking: Parking-Street

Utilities

  • Electric: Circuit Breakers
  • Heat/Ventilation: Individual Furnaces

Condo/Co-op/Association

  • Manager Expense: 3800

Fee Information

  • Trash Expense: 2100
  • Water Sewer Expenses: 1300

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 3585
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 6791

Multi Family

  • Net Operating Income: 33760
  • Fuel Expense: 800
  • Insurance Expense: 3500
  • ElectricExpense: 650
  • GrossIncome: 50400
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 16640
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 4223
  • Tax Year: 2021
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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 List to Sale Price per Sq Ft
11/06/2023 11/06/23 Sold $250,000 -13.8% $37 / Sq Ft
10/10/2023 10/10/23 Pending -- -- --
09/20/2023 09/20/23 For Sale $289,900 -- $43 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $4,455 $32,001 $1,793 $30,208
2024 $4,455 $32,001 $1,793 $30,208
2023 $4,344 $21,000 $2,868 $18,132
2022 $4,344 $21,000 $2,868 $18,132
2021 $4,223 $21,000 $2,868 $18,132
2020 $3,220 $14,360 $2,868 $11,492
2019 $3,376 $16,698 $2,868 $13,830
2018 $3,320 $16,698 $2,868 $13,830
2017 $5,506 $25,408 $2,509 $22,899
2016 $5,122 $25,408 $2,509 $22,899
2015 $4,690 $25,408 $2,509 $22,899
2014 $4,696 $25,114 $2,330 $22,784
2013 $2,516 $13,722 $2,330 $11,392
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11888362

Midwest Real Estate Data (MRED)