Seller's Agent in 2020
Olivia Carlson
@ Properties
(812) 631-4011
3 in this area
163 Total Sales
2540 W Hutchinson St Chicago, IL 60618
Horner Park NeighborhoodEstimated Value: $843,000 - $887,534
4
Beds
2
Baths
2,128
Sq Ft
$403/Sq Ft
Est. Value
Highlights
- Deck
- Property is near a park
- Lower Floor Utility Room
- Waters Elementary School Rated A-
- Den
- 2 Car Detached Garage
About This Home
As of May 2020*Take a Virtual tour by clicking 3D tour button above images or email us for a tour link!*--- Jump into Investing in the lowest priced 2 unit building for sale in North Center! Meticulously cared for extra wide, two unit brick construction in the coveted Waters Elementary School district. Owner/family occupied for over 45 years! First floor 2bd/1bth + den is the owner's unit, featuring hardwood flooring throughout, updated kitchen and bath- plus direct access to a large back deck. Enjoy the front sun porch and rear den space. Opportunity to duplex down to expand the unit! Upstairs rental unit offers hardwood flooring and matches the layout to the lower unit. So many investment options: owner occupy and have a tenant help with the mortgage, update both units and flip for $700,000-$800,000 or convert to a single family home for a resale value of around $1 Million! Increase your monthly rental income by making updates to the units and pull in ~$4000+ monthly in rent! Close proximity to the 58-acre Horner Park offering extensive running paths, athletic facilities and a robust list of community programs. Just steps from the citizen-led Riverbank Neighbors Nature Trail and the 312 River Run, a new path that stretches for nearly two miles on the Chicago River, from Belmont to Montrose avenues! A short walk to the Brown Line Rockwell stop makes this an incredible location to invest!
Last Agent to Sell the Property
@properties Christie's International Real Estate License #475125331 Listed on: 03/20/2020
Last Buyer's Agent
Non Member
NON MEMBER
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,501
Lot Details
- Lot Dimensions are 30x125
- Cul-De-Sac
- Paved or Partially Paved Lot
Parking
- 2 Car Detached Garage
- Garage Door Opener
- Parking Included in Price
Home Design
- Brick Exterior Construction
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- Den
- Lower Floor Utility Room
- Storm Screens
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 2 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Schools
- Waters Elementary School
- Amundsen High School
Utilities
- Radiator
- Heating System Uses Steam
- Heating System Uses Natural Gas
- Radiant Heating System
- Lake Michigan Water
Additional Features
- Deck
- Property is near a park
Community Details
- 2 Units
- Gross Income $16,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 20, 2020
Closed on
Apr 21, 2020
Sold by
Eischen John P and Eischen Linda Jean
Bought by
Spalding Jeffrey C and Spalding Renee
Seller's Agent
Olivia Carlson
@properties Christie's International Real Estate
Buyer's Agent
Non Member
NON MEMBER
List Price
$575,000
Sold Price
$558,750
Premium/Discount to List
-$16,250
-2.83%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$298,134
Avg. Annual Appreciation
8.83%
Original Mortgage
$419,062
Interest Rate
3.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 29, 2013
Sold by
Eischen John P and Eischen Linda Jean
Bought by
Eischen John P and Eischen Linda Jean
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Spalding Jeffrey C | $559,000 | Fidelity National Title Co | |
| Eischen John P | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Spalding Jeffrey C | $419,062 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/15/2020 05/15/20 | Sold | $558,750 | -2.8% | $263 / Sq Ft |
| 03/27/2020 03/27/20 | Pending | -- | -- | -- |
| 03/20/2020 03/20/20 | For Sale | $575,000 | -- | $270 / Sq Ft |
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 | $12,909 | $110,001 | $13,313 | $96,688 |
| 2023 | $12,563 | $64,500 | $9,000 | $55,500 |
| 2022 | $12,563 | $64,500 | $9,000 | $55,500 |
| 2021 | $12,300 | $64,499 | $9,000 | $55,499 |
| 2020 | $10,540 | $47,314 | $9,000 | $38,314 |
| 2019 | $10,681 | $53,162 | $9,000 | $44,162 |
| 2018 | $10,501 | $53,162 | $9,000 | $44,162 |
| 2017 | $8,681 | $40,327 | $7,875 | $32,452 |
| 2016 | $8,422 | $42,050 | $7,875 | $34,175 |
| 2015 | $8,348 | $45,555 | $7,875 | $37,680 |
| 2014 | $6,553 | $35,321 | $7,125 | $28,196 |
| 2013 | $6,424 | $35,321 | $7,125 | $28,196 |
Source: Public Records
Agents Affiliated with this Home
-
Olivia Carlson
-
Paul Siebert
Seller Co-Listing Agent in 2020
Paul Siebert
@ Properties
(847) 525-8287
3 in this area
135 Total Sales
-
N
Buyer's Agent in 2020
Non Member
NON MEMBER
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10673525
APN: 13-13-405-028-0000
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