NOT LISTED FOR SALE

2502 N Central Park Ave Chicago, IL 60647

Logan Square Neighborhood
6 Beds
2 Baths
2,640 Sq Ft
1906 Built

Sale Details

Date Sold: March 31, 2018

Last sale price $520,000 $197 Per Sq Ft

222 Days on Market

Highlights

  • Landscaped Professionally
  • Corner Lot
  • 2 Car Detached Garage
  • Queen Anne Architecture
  • Fenced Yard
  • Forced Air Heating System

About This Home

As of March 2018

Logan Square gorgeous 2 flat building on 56' wide corner lot. Building was originally built for a Senator; character and charm abound. Each unit has 3 full bedrooms, plus a Sunroom/4th bedroom, formal dining room, updated large kitchens with granite counters and oversized granite islands with seating, tons of cabinetry, walk-in pantries. Original features such as 10' ceilings, built ins, fireplaces, glass transoms, original hardware, & bay windows. Hardwood flooring throughout. Each unit has its own individual Central Air and Heat & gas and electric meters, including dedicated wiring of each unit's washer and dryer located in the basement. Basement is unfinished with 7' ceilings to finish or storage w Original Plumbing for bathrm.Classified as a 3 unit with Cook County, used as a 2 unit. Two car brick garage. Walk to Blue Line, Fullerton Bus, stores & restaurants. Endless Possibilities, Investment, Owner-Occupied 2 unit with low downpayment , Conversion to Single Family Residence.

Last Agent to Sell the Property

Mary Toyama

Eldorrado Chicago Real Estate License #475163319 Listed on: 07/06/2017

Last Buyer's Agent

Kimber Galvin

Berkshire Hathaway HomeServices Chicago License #475154632

Berkshire Hathaway HomeServices Chicago
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,393

Year Built

  • Built in 1906 | Remodeled in 2014

Parking

  • 2 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Queen Anne Architecture
  • Frame Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Rough-In Basement Bathroom

Lot Details

  • Lot Dimensions are 56 x 125
  • Fenced Yard
  • Landscaped Professionally
  • Corner Lot
  • Paved or Partially Paved Lot
  • Additional Parcels

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $39,600
  • Net Operating Income $36,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,393

Year Built

Built in 1906 | Remodeled in 2014

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Queen Anne
  • New Construction: No
  • Year Built: 1906
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2014
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2014

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 2
  • Total Bedrooms: 6
  • Basement Description: Unfinished,Exterior Access,Bathroom Rough-In
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner,Fireplace-Wood,Garage/Space,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Fireplace-Wood,Garage/Space,Hardwood Floors

Exterior Features

  • Lot Features: Corner Lot, Fenced Yard, Landscaped
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved, Other

Fee Information

  • Other Expenses $: 3000

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 56 X 125
  • Zoning: OTHER
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 36600
  • GrossIncome: 39600
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 7393.22
  • Tax Year: 2016
  • Tax Exemptions: None

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
Jul 6, 2017
Closed on
Mar 21, 2018
Sold by
Tyler Mary Susan
Bought by
Seller's Agent
Mary Toyama
Eldorrado Chicago Real Estate
Buyer's Agent
Kimber Galvin
Berkshire Hathaway HomeServices Chicago
List Price
$549,000
Sold Price
$520,000
Premium/Discount to List
-$29,000
-5.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,600
Outstanding Balance
$407,323
Interest Rate
4.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2003
Sold by
Tyler Mary S and Tyler Susan Mary
Bought by
Tyler Mary Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,100
Interest Rate
6.04%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Logan Square, IL

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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
$520,000 Liberty Title And Escrow Com
Tyler Mary Susan -- Stewart Title
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
Open $483,600
Previous Owner Tyler Mary Susan $156,100
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
03/31/2018 03/31/18 Sold $520,000 -5.3% $197 / Sq Ft
02/13/2018 02/13/18 Pending -- -- --
02/10/2018 02/10/18 For Sale $549,000 0.0% $208 / Sq Ft
07/21/2017 07/21/17 Pending -- -- --
07/06/2017 07/06/17 For Sale $549,000 -- $208 / Sq Ft
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 $11,834 $62,001 $27,188 $34,813
2024 $10,944 $62,001 $27,188 $34,813
2023 $10,645 $55,000 $21,875 $33,125
2022 $10,645 $55,000 $21,875 $33,125
2021 $10,424 $55,000 $21,875 $33,125
2020 $11,431 $51,126 $10,000 $41,126
2019 $11,850 $58,766 $10,000 $48,766
2018 $11,608 $58,766 $10,000 $48,766
2017 $7,720 $35,863 $8,750 $27,113
2016 $7,183 $35,863 $8,750 $27,113
2015 $6,572 $35,863 $8,750 $27,113
2014 $7,062 $38,061 $7,500 $30,561
2013 $6,922 $38,061 $7,500 $30,561
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09681603

Midwest Real Estate Data (MRED)

APN: 13263220410000

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