NOT LISTED FOR SALE

2457 W 69th St Chicago, IL 60629

Marquette Park Neighborhood
17 Beds
11 Baths
8,000 Sq Ft
0.25 Acres

Last Sold April 29, 2016

Last sale price $210,000 $26 Per Sq Ft

46 Days on Market

Highlights

  • 0.25 Acre Lot
  • Central Heating
  • Hot Water Heating System

About This Home

As of April 2016

Huge price reduction. owner say it should sell now. and they are right at this give away price. Newer 11 unit. Build in 1969. Not 1929 like so many. 6 two bedrooms and 5 one bedrooms. Great apartment mix for long term tenants. off street parking for the tenants plus plenty of on street parking for guests. $6750 per month. $81000 PER YEAR!! Taxes only $8575. Great investment oppertunity.

Last Agent to Sell the Property

John Groebe

Coldwell Banker Realty License #471012579 Listed on: 02/02/2016

Coldwell Banker Realty

Co-Listed By

Lynn Groebe

Coldwell Banker Residential

Last Buyer's Agent

Marcin Kania

Exterplexy Real Estate and Management License #471016987

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,500

Year Built

  • Built in 1967

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 58x125

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Membrane Roofing
  • Concrete Perimeter Foundation

Interior Spaces

  • 8,000 Sq Ft Home
  • 2-Story Property
  • Finished Basement
  • Exterior Basement Entry

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Central Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Radiant Heating System
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 11 Units

Building Details

  • Electric Expense $500
  • Fuel Expense $9,055
  • Insurance Expense $2,000
  • Maintenance Expense $2,119
  • Other Expense $915
  • Trash Expense $6,022
  • Water Sewer Expense $8,466
  • Operating Expense $36,662
  • Gross Income $81,000
  • Net Operating Income $44,338

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,500

Year Built

Built in 1967

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: 1967
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, Exterior Entry
  • Possible Use: Multi-Family
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Refrigerators: 11
  • Ranges: 11
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Roof: Membrane
  • Roof Structure: Flat
  • Misc Outside: Fire Escape,Security Gate,Security Lighting,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 6-12 Spaces
  • Indoor Parking: 1-5 Spaces

Utilities

  • Cooling: Wall Sleeve, Window Unit(s)
  • Electric: Circuit Breakers, Service - 0 to 100 Amps
  • Utilities: Sewer Connected
  • Water Source: Municipal Water
  • Heat/Ventilation: Central Bldg Heat,Gas,Hot Water,Radiant
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): Yes
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 6022
  • Water Sewer Expenses: 8466

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.25
  • Lot Dimensions: 58X125
  • Lot Size Sq Ft: 7250
  • Zoning: MULTI
  • Land Amenities: Lighting/Exterior,Sidewalks

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 8000

Multi Family

  • Net Operating Income: 44338
  • Fuel Expense: 9055
  • Insurance Expense: 2000
  • ElectricExpense: 500
  • GrossIncome: 81000
  • Maintenance Expense: 2119
  • NumberOfUnitsTotal: 11
  • OperatingExpense: 36662
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 8500
  • Tax Year: 2014

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
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
04/29/2016 04/29/16 Sold $210,000 -10.6% $26 / Sq Ft
03/19/2016 03/19/16 Pending -- -- --
02/02/2016 02/02/16 For Sale $235,000 -- $29 / 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 $7,717 $41,405 $7,134 $34,271
2024 $7,717 $47,158 $10,976 $36,182
2023 $9,578 $36,573 $6,585 $29,988
2022 $9,578 $46,569 $6,585 $39,984
2021 $9,364 $46,568 $6,585 $39,983
2020 $10,164 $45,627 $6,585 $39,042
2019 $9,167 $45,627 $6,585 $39,042
2018 $9,013 $45,627 $6,585 $39,042
2017 $10,114 $44,478 $6,036 $38,442
2016 $9,393 $44,478 $6,036 $38,442
2015 $8,612 $44,478 $6,036 $38,442
2014 $8,737 $44,478 $6,036 $38,442
2013 $8,575 $44,478 $6,036 $38,442
Source: Public Records

Agents Affiliated with this Home

  • John Groebe

    Seller's Agent in 2016

    John Groebe

    Coldwell Banker Realty

    (708) 460-4900

    99 Total Sales

    John Groebe
    Section Image

  • L

    Seller Co-Listing Agent in 2016

    Lynn Groebe

    Coldwell Banker Residential

    Section Image

  • M

    Buyer's Agent in 2016

    Marcin Kania

    Exterplexy Real Estate and Management

    (773) 420-8570

    1 in this area

    7 Total Sales

    Marcin Kania
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09129526

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60629 Marquette Park

2457 W 69th St, Chicago, IL

Not Listed for Sale

MultiFamily

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