Seller's Agent in 2025
Michael Masterson
Essex 312, LLC
(312) 961-1054
1 in this area
20 Total Sales
2459 W Augusta Blvd Chicago, IL 60622
Ukrainian Village Neighborhood
9
Beds
10
Baths
1,800
Sq Ft
1891
Built
About This Home
As of July 2025Essex 312, LLC has been exclusively engaged to market for sale 2549 W. Augusta St., a recently rehabbed 4-unit apartment building in Chicago's West Town neighborhood. The offering presents a tremendous opportunity to acquire a turnkey asset in one of Chicago's most sought-after neighborhoods. The Subject Property is comprised of a 2 Bed/3 Bath Duplex-Down unit, two (2) 2Bed/2Bath units, and a single-family-like 3 Bed/3 Bath Tri-Level Coach House. Each unit features wood flooring, stainless steel or white appliances, granite countertops, dishwashers, central heat and air conditioning, in-unit laundry, and double wide porch seating areas. The Coach House also features a private exterior deck. This offering presents a tremendous opportunity for a live-in investor or regular investor to acquire a low maintenance asset on a prime West Town location. The building is situated on the southeast corner of Augusta St. and Leavitt St., in the Smith Park neighborhood. This location is right between Division Street, Western Avenue, and Chicago Avenue - each growing retail thoroughfares with many up- and-coming restaurants and bars. It's also near several public transportation options and walking distance to the West Loop/Fulton Market & Ukrainian Village/Wicker Park neighborhoods.
Last Agent to Sell the Property
Essex 312, LLC License #475208860 Listed on: 04/23/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $25,606
Year Built
- Built in 1891
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Potential Bedrooms
- 10 Bathrooms
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 25x125
Community Details
Overview
- 4 Units
Building Details
- Electric Expense $1,015
- Fuel Expense $1,793
- Insurance Expense $3,759
- Maintenance Expense $2,000
- Professional Management Expense $1,400
- Water Sewer Expense $4,217
- Gross Income $143,700
- Net Operating Income $96,431
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 23, 2025
Closed on
Jul 9, 2025
Sold by
Lawrence R Friend Living Trust
Bought by
Bottoset Mitchell
Seller's Agent
Michael Masterson
Essex 312, LLC
Buyer's Agent
Kimber Galvin
Berkshire Hathaway HomeServices Chicago
List Price
$1,600,000
Sold Price
$1,500,000
Premium/Discount to List
-$100,000
-6.25%
Views
22
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.53%
Original Mortgage
$1,195,000
Outstanding Balance
$1,192,988
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$305,417
Purchase Details
Closed on
Jun 7, 2023
Sold by
Amstreet Properties Llc-2459 W Augusta B
Bought by
Lawrence R Friend Living Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
6.96%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 3, 2021
Sold by
Augusta West Loop Llc
Bought by
Amstreet Prop Llc 2459 W Augusta Blvd
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,500
Interest Rate
25%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 4, 2005
Sold by
Santiago Luis A and Santiago Maria
Bought by
Augusta West Loop Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.25%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,500,000 | Chicago Title Insurance Compan | |
| Warranty Deed | $1,200,000 | Citywide Title | |
| Warranty Deed | $950,000 | Chicago Title | |
| Warranty Deed | $750,000 | Multiple |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,195,000 | New Conventional | |
| Previous Owner | $840,000 | New Conventional | |
| Previous Owner | $712,500 | Commercial | |
| Previous Owner | $600,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/16/2025 07/16/25 | Sold | $1,500,000 | -6.3% | $833 / Sq Ft |
| 06/16/2025 06/16/25 | Pending | -- | -- | -- |
| 04/23/2025 04/23/25 | For Sale | $1,600,000 | 0.0% | $889 / Sq Ft |
| 10/10/2016 10/10/16 | Rented | $2,400 | 0.0% | -- |
| 09/21/2016 09/21/16 | Price Changed | $2,400 | -7.7% | $1 / Sq Ft |
| 09/15/2016 09/15/16 | For Rent | $2,600 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $25,606 | $137,000 | $17,500 | $119,500 |
| 2023 | $24,887 | $121,001 | $14,063 | $106,938 |
| 2022 | $24,887 | $121,001 | $14,063 | $106,938 |
| 2021 | $24,332 | $120,999 | $14,062 | $106,937 |
| 2020 | $13,898 | $62,389 | $7,968 | $54,421 |
| 2019 | $14,162 | $70,488 | $7,968 | $62,520 |
| 2018 | $13,924 | $70,488 | $7,968 | $62,520 |
| 2017 | $13,780 | $64,015 | $7,031 | $56,984 |
| 2016 | $12,821 | $64,015 | $7,031 | $56,984 |
| 2015 | $11,730 | $64,015 | $7,031 | $56,984 |
| 2014 | $9,164 | $49,394 | $6,250 | $43,144 |
| 2013 | $8,984 | $49,394 | $6,250 | $43,144 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Masterson
-
Kimber Galvin
Buyer's Agent in 2025
Kimber Galvin
Berkshire Hathaway HomeServices Chicago
(312) 339-6900
3 in this area
175 Total Sales
-
C
Seller's Agent in 2016
Colleen Burke
@ Properties
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12345992
APN: 16-01-420-001-0000
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