NOT LISTED FOR SALE

2440 W Iowa St Chicago, IL 60622

Ukrainian Village Neighborhood
12 Beds
8 Baths
-- Sq Ft
2,614 Sq Ft Lot

Last Sold March 27, 2020

Last sale price $1,335,000

38 Days on Market

Highlights

  • Property is near a park
  • 2 Car Detached Garage
  • 2-minute walk to Western Park

About This Home

As of March 2020

Perfect Turn Key Investment Property. Current Owner has 3 long term tenants and operating 1 City of Chicago Licensed AIRBNB unit 110k+ gross rental income in 2019! Low maintenance as the the building has been recently gut/rehabbed. All new electrical, plumbing, HVAC, insulation and all finishing materials. Solid financials. Quality finishes really shows well making it easy to market to future tenants. Currently fully occupied, please do not disturb the Tenants. More pictures available upon request.

Last Agent to Sell the Property

Sunny Shah

Baird & Warner License #475159217 Listed on: 01/15/2020

Baird & Warner

Last Buyer's Agent

Paul Sanchez

Principal Realty License #471015412

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,000

Year Built

  • Built in 1875

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 24x124

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Potential Bedrooms
  • 8 Bathrooms
  • Dual Sinks

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Property is near a park

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $480
  • Insurance Expense $1,400
  • Water Sewer Expense $1,200
  • Gross Income $113,222

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,000

Year Built

Built in 1875

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1875
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): Yes
  • Rehab (Y/N): No
  • Rebuilt Year: 2017
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 8
  • Total Bedrooms: 12
  • Basement Description: Finished
  • Bathroom Amenities: Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 8
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Disposal,Central Air Conditioner,Laundry Hook-Up,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors
  • AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors
  • Room: 7

Exterior Features

  • List Price: 1395000
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Park
  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 1200
  • Trash Expense Year: 450

Schools

  • Middle/Junior School District: 99

Lot Info

  • Lot Size Acres: 0.06
  • Lot Dimensions: 24X124
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas

Multi Family

  • Insurance Expense: 1400
  • ElectricExpense: 480
  • GrossIncome: 113222
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 11000
  • Tax Year: 2018
  • Tax Exemptions: None

Range of Values:

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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 List to Sale Price per Sq Ft Prior Sale
03/27/2020 03/27/20 Sold $1,335,000 -4.3% --
02/22/2020 02/22/20 Pending -- -- --
01/15/2020 01/15/20 For Sale $1,395,000 +267.1% --
10/15/2015 10/15/15 Sold $380,000 0.0% -- View Prior Sale
04/06/2015 04/06/15 Pending -- -- --
04/01/2015 04/01/15 Price Changed $380,000 -5.0% --
03/18/2015 03/18/15 For Sale $399,999 0.0% --
03/13/2015 03/13/15 Pending -- -- --
03/10/2015 03/10/15 For Sale $399,999 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sunny Shah

    Seller's Agent in 2020

    Sunny Shah

    Baird Warner

    (847) 894-6665

    41 Total Sales

    Sunny Shah
    Section Image
  • Paul Sanchez

    Buyer's Agent in 2020

    Paul Sanchez

    Principal Realty

    (630) 460-0377

    100 Total Sales

    Paul Sanchez
    Section Image

  • M

    Seller's Agent in 2015

    Margarita Mata

    Realty of America, LLC

    (312) 420-3595

    1 in this area

    27 Total Sales

    Margarita Mata
    Section Image

  • J

    Seller Co-Listing Agent in 2015

    Jarrod Enright

    Redfin Corporation

    Jarrod Enright
    Section Image

  • J

    Buyer's Agent in 2015

    John O'Neill

    Compass

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10611115

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60622 Ukrainian Village

2440 W Iowa St, Chicago, IL

This home is located at 2440 W Iowa St, Chicago, IL 60622 since 15 January 2020. This property was built in 1875. 2440 W Iowa St is a home located in Cook County with nearby schools including Chopin Elementary School, Clemente Community Academy High School, and Acero - Esmera Santiago Elementary School.

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