NOT LISTED FOR SALE
6 Beds
5 Baths
-- Sq Ft
3,049 Sq Ft Lot

Sale Details

Date Sold: December 3, 2021

Last sale price $725,000

50 Days on Market

Highlights

  • Spa
  • Deck
  • Balcony
  • Prescott Elementary School Rated A-
  • Fenced Yard
  • 2-minute walk to Wrightwood Park

About This Home

As of December 2021

Turnkey 3-unit investment property in prime Lincoln Park. Easy access to the highway, shopping, Depaul University. Front trilevel unit and two one bedroom attached apartments. complex. All 100% rented with room to increase rents with very minor updates. All units have private outdoor decks, main unit has two car detached garage, and huge attached deck. Excellent opportunity to own a beautiful updated unit and two rentals for additional income, in a stable rental market with upside potential. Iron fence surrounds entire property in a very upscale area with multi-million dollar homes surrounding it. Property is sold in its beautiful as-is condition. Investors 6% return

Last Agent to Sell the Property

Patrick Haris

Cambridge Realty & Brokerage LLC License #471005193 Listed on: 08/23/2021

Cambridge Realty & Brokerage LLC

Last Buyer's Agent

Karen Ranquist

Jameson Sotheby's Intl Realty License #475113439

Jameson Sotheby's Intl Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,754

Year Renovated

  • 2010

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 24 x 125
  • Fenced Yard

Parking

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

Home Design

  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Spa
  • Balcony
  • Deck

Schools

  • Oscar Mayer Elementary School
  • Lincoln Park High School

Additional Features

  • Partial Basement
  • Heating System Uses Natural Gas

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,500
  • Water Sewer Expense $1,651
  • Gross Income $66,060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,754

Year Renovated

2010

Lot Details

3,049 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2010
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2010

Interior Features

  • Basement: Partial
  • Total Bathrooms: 5
  • Total Bedrooms: 6
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Garage/Space,Laundry Hook-Up,Cathedral Ceilings,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner

Exterior Features

  • ExteriorFeatures: Balcony, Deck, Hot Tub
  • Foundation Details: Concrete Perimeter
  • Lot Features: Fenced Yard, Sidewalks
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

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: Public

Fee Information

  • Water Sewer Expenses: 1651

Schools

  • Elementary School: Oscar Mayer Elementary School
  • High School: Lincoln Park High School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.07
  • Lot Dimensions: 24 X 125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Insurance Expense: 1500
  • GrossIncome: 66060
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 15753.92
  • Tax Year: 2019
  • Tax Exemptions: None
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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
12/03/2021 12/03/21 Sold $725,000 -19.0% --
10/13/2021 10/13/21 Pending -- -- --
08/23/2021 08/23/21 For Sale $895,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $15,316 $91,797 $47,999 $43,798
2024 $15,316 $91,797 $47,999 $43,798
2023 $15,230 $75,906 $43,875 $32,031
2022 $15,230 $77,465 $43,875 $33,590
2021 $16,892 $84,000 $43,875 $40,125
2020 $14,543 $65,282 $21,060 $44,222
2019 $15,754 $78,412 $21,060 $57,352
2018 $17,907 $90,654 $21,060 $69,594
2017 $12,665 $58,833 $18,720 $40,113
2016 $13,185 $65,829 $18,720 $47,109
2015 $13,960 $76,183 $18,720 $57,463
2014 $10,584 $57,046 $15,795 $41,251
2013 $10,951 $60,211 $15,795 $44,416
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11198114

Midwest Real Estate Data (MRED)
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