NOT LISTED FOR SALE

2507 N Lotus Ave Chicago, IL 60639

Cragin Neighborhood
5 Beds
3 Baths
-- Sq Ft
1920 Built

Last Sold February 02, 2021

Last sale price $230,000

34 Days on Market

About This Home

As of February 2021

Calling Investors/House Hackers! Belmont Cragin legal 3 unit with separate utilities. 2 units on the main level with an updated upper level unit. Ample size yard with brick patio & 2 car garage. Walk to Hanson Park & Horizon Science Academy. Perfect opportunity to start your rental portfolio.

Last Agent to Sell the Property

Salomon Lino

Baird & Warner License #475111741 Listed on: 11/28/2020

Last Buyer's Agent

Jill Silverstein

Compass License #475167682

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,648

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 25 x 125

Parking

  • 2 Car Detached Garage
  • Parking Included in Price

Home Design

  • Slab Foundation
  • Asphalt Roof

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Schools

  • Schubert Elementary School
  • Northwest Middle School
  • Foreman High School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $805
  • Water Sewer Expense $700
  • Gross Income $27,000
  • Net Operating Income $19,847

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,648

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Description: Slab
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Other
  • List Price: 259000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Fee Information

  • Water Sewer Expenses: 700

Schools

  • Elementary School: Schubert Elementary School
  • High School: Foreman High School
  • Middle/Junior School: Northwest Middle School
  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25 X 125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • Net Operating Income: 19847
  • Insurance Expense: 805
  • GrossIncome: 27000
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 5648
  • Tax Year: 2019
  • Tax Exemptions: None

Range of Values:

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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 Change Sq Ft Price
02/02/2021 02/02/21 Sold $230,000 -11.2% --
01/01/2021 01/01/21 Pending -- -- --
11/28/2020 11/28/20 For Sale $259,000 +78.6% --
05/07/2019 05/07/19 Sold $145,000 0.0% --
04/17/2019 04/17/19 For Sale $145,000 0.0% --
04/16/2019 04/16/19 Pending -- -- --
04/15/2019 04/15/19 Off Market $145,000 -- --
04/08/2019 04/08/19 For Sale $145,000 +10.5% --
09/14/2016 09/14/16 Sold $131,250 +14.2% --
08/18/2016 08/18/16 Pending -- -- --
08/18/2016 08/18/16 Price Changed $114,900 -12.5% --
08/12/2016 08/12/16 Off Market $131,250 -- --
08/01/2016 08/01/16 Price Changed $114,900 -8.0% --
07/26/2016 07/26/16 For Sale $124,900 0.0% --
07/11/2016 07/11/16 Pending -- -- --
06/24/2016 06/24/16 Price Changed $124,900 -6.0% --
05/17/2016 05/17/16 Price Changed $132,900 -5.0% --
03/30/2016 03/30/16 For Sale $139,900 0.0% --
03/30/2016 03/30/16 Price Changed $139,900 +6.6% --
03/23/2016 03/23/16 Off Market $131,250 -- --
03/23/2016 03/23/16 For Sale $120,000 0.0% --
03/23/2016 03/23/16 Price Changed $120,000 -8.6% --
03/19/2016 03/19/16 Off Market $131,250 -- --
03/04/2016 03/04/16 For Sale $160,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Salomon Lino

    Seller's Agent in 2021

    Salomon Lino

    Baird & Warner

    (773) 609-5725

    4 in this area

    63 Total Sales

    Salomon Lino
    Section Image
  • Jill Silverstein

    Buyer's Agent in 2021

    Jill Silverstein

    Compass

    (312) 877-1784

    2 in this area

    356 Total Sales

    Jill Silverstein
    Section Image
  • Peter Fisk

    Buyer Co-Listing Agent in 2021

    Peter Fisk

    Compass

    (616) 295-4048

    2 in this area

    72 Total Sales

    Peter Fisk
    Section Image
  • Louis Kiessling

    Buyer's Agent in 2019

    Louis Kiessling

    City Life Realty

    (312) 927-4426

    112 Total Sales

    Louis Kiessling
    Section Image
  • Victor Vita

    Seller's Agent in 2016

    Victor Vita

    Vylla Home

    (877) 330-2773

    28 Total Sales

    Victor Vita
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10942429

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60639 Cragin

2507 N Lotus Ave, Chicago, IL

This home is located at 2507 N Lotus Ave, Chicago, IL 60639 since 28 November 2020. This property was built in 1920. 2507 N Lotus Ave is a home located in Cook County with nearby schools including Schubert Elementary School, Northwest Middle School, and Foreman College and Career Academy.

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