NOT LISTED FOR SALE
16 Beds
8 Baths
7,024 Sq Ft
0.86 Acres

Last Sold November 14, 2024

Last sale price $585,000 $83 Per Sq Ft

10 Days on Market

Highlights

  • 0.86 Acre Lot
  • Forced Air Heating System
  • 2-minute walk to Limas (Juliann Hope) Park

About This Home

As of November 2024

Large brick 8-unit building with paved parking in the rear. The building features eight 2 Bed/1 Bath units and the building features high ceilings in the attic giving new ownership an opportunity to duplex two units. The building has had numerous updates completed and with some minor updating can capitalize on increased rents. Concrete parking pad in the rear for additional income. The property is located in Chicago's Little Village neighborhood, just steps from the heavily trafficked 26th Street retail corridor. The property is conveniently located with easy access to I-55 and I-290 and walking distance to the CTA Pink line for commuters. tenants enjoy the easy access to schools, restaurants, grocery and more, all within a short walk.

Last Agent to Sell the Property

Angelo Labriola

Sperry Van Ness License #475130926 Listed on: 07/15/2024

Sperry Van Ness

Last Buyer's Agent

Risa Weiss

Kale Realty License #471020628

Kale Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,891

Year Built

  • Built in 1902

Lot Details

  • 0.86 Acre Lot
  • Lot Dimensions are 30x125

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 7,024 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Separate Meters

Community Details

  • 8 Units
  • Gross Income $69,630

Listing and Financial Details

  • Tenant pays for electricity, heat, hot water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,891

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1902
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 16
  • Fireplaces: 0
  • Dishwashers: 0
  • Refrigerators: 8
  • Ranges: 8
  • Number of Washers: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Roof: Composition
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: None
  • Electric: Circuit Breakers, Separate Meters
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.86
  • Lot Dimensions: 30X125
  • Lot Size Sq Ft: 3753
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat, Hot Water
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 7024

Multi Family

  • GrossIncome: 69630
  • NumberOfUnitsTotal: 8
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 8891.13
  • Tax Year: 2023
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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
11/14/2024 11/14/24 Sold $585,000 -6.4% $83 / Sq Ft
07/26/2024 07/26/24 Pending -- -- --
07/15/2024 07/15/24 For Sale $625,000 -- $89 / 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 $8,891 $43,045 $5,438 $37,607
2024 $8,891 $43,045 $5,438 $37,607
2023 $8,667 $42,143 $3,938 $38,205
2022 $8,667 $42,143 $3,938 $38,205
2021 $13,622 $67,739 $3,937 $63,802
2020 $5,714 $25,650 $3,937 $21,713
2019 $5,153 $25,650 $3,937 $21,713
2018 $5,067 $25,650 $3,937 $21,713
2017 $5,948 $27,629 $3,093 $24,536
2016 $5,534 $27,629 $3,093 $24,536
2015 $5,063 $27,629 $3,093 $24,536
2014 $4,730 $25,496 $3,093 $22,403
2013 $4,637 $25,496 $3,093 $22,403
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12111579

Midwest Real Estate Data (MRED)

APN: 16262260210000