NOT LISTED FOR SALE

2443 S 50th Ave Cicero, IL 60804

Cicero Area
12 Beds
12 Baths
-- Sq Ft
1965 Built

Sale Details

Date Sold: January 17, 2025

Last sale price $815,000

2 Days on Market

About This Home

As of January 2025

Great 12 units building. All 1 bedroom units. Fully occupied. New roof ( 6-7 years old ). New railings. New water heater.

Last Agent to Sell the Property

Beco Kalamperovic

Baird & Warner License #475136788 Listed on: 10/10/2024

Baird & Warner

Last Buyer's Agent

Beco Kalamperovic

Baird & Warner License #475136788 Listed on: 10/10/2024

Baird & Warner
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,356

Year Built

  • Built in 1965

Interior Spaces

  • 2-Story Property
  • Exterior Basement Entry

Utilities

  • Radiator

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $500
  • Fuel Expense $5,000
  • Insurance Expense $5,700
  • Trash Expense $2,880
  • Water Sewer Expense $4,500
  • Operating Expense $42,435
  • Gross Income $115,200
  • Net Operating Income $72,765

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,356

Year Built

Built in 1965

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 2
  • Year Built: 1965
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 12
  • Ranges: 12
  • Room: 2

Utilities

  • Heat/Ventilation: Radiators

Fee Information

  • Trash Expense: 2880
  • Water Sewer Expenses: 4500

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 8000

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 72765
  • Fuel Expense: 5000
  • Insurance Expense: 5700
  • ElectricExpense: 500
  • GrossIncome: 115200
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 42435
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 23356
  • Tax Year: 2023

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
Oct 10, 2024
Closed on
Jan 7, 2025
Sold by
Divkovic Branko
Bought by
Seller's Agent
Beco Kalamperovic
Baird & Warner
Buyer's Agent
Beco Kalamperovic
Baird & Warner
List Price
$875,000
Sold Price
$815,000
Premium/Discount to List
-$60,000
-6.86%
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,130,500
Interest Rate
6.6%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 26, 2005
Sold by
Gallegos Gildardo and Delabra Javier
Bought by
Divkovic Branko and Divkovic Anica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
5.69%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 2002
Sold by
Martinez Heriberto and Martinez Cristina
Bought by
Gallegos Gildardo and Delabra Javier

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
6.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 26, 1999
Sold by
Pinnacle Bank
Bought by
Martinez Heriberto and Martinez Cristina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 5, 1996
Sold by
Bank Of Lyons
Bought by
Pinnacle Bank
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$815,000 Ticor Title
Divkovic Branko $530,000 Multiple
Gallegos Gildardo -- Chicago Title Insurance Co
Martinez Heriberto $285,000 --
Pinnacle Bank $230,000 --
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
Closed $1,130,500
Closed Divkovic Branko $424,000
Previous Owner Gallegos Gildardo $262,500
Previous Owner Martinez Heriberto $225,000
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
01/17/2025 01/17/25 Sold $815,000 0.0% --
10/12/2024 10/12/24 Pending -- -- --
10/12/2024 10/12/24 Off Market $815,000 -- --
10/10/2024 10/10/24 For Sale $875,000 -- --
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 $1,359 $22,859
2024 $1,276 $21,770
2023 $1,276 $37,120 $7,420 $29,700
2022 $1,214 $29,110 $5,820 $23,290
2021 $1,317 $26,770 $5,350 $21,420
2020 $1,305 $24,500 $4,900 $19,600
2019 $1,266 $22,710 $4,540 $18,170
2018 $1,237 $21,530 $4,300 $17,230
2017 $1,167 $21,230 $4,240 $16,990
2016 $1,144 $20,320 $4,060 $16,260
2015 $1,099 $18,780 $3,750 $15,030
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12185700

Midwest Real Estate Data (MRED)
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