NOT LISTED FOR SALE

Estimated Value: $794,000 - $1,038,143

6 Beds
6 Baths
2,760 Sq Ft
$345/Sq Ft Est. Value

Last Sold June 23, 2014

Last sale price $820,000 $297 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $6,155/month

3 Days on Market

Highlights

  • A-Frame Home
  • Deck
  • Forced Air Heating System
  • Alcott Elementary School Rated A-
  • Patio
  • 2-minute walk to Park West Park

About This Home

As of June 2014

Well maintained four unit building on PRIME street. Two one bedroom one bath units and two two bedroom two bath units. Two bedroom units are lofted with an open second bedroom that could be used as a family room. Deck for the rear units and patio for the front. Three parking pads in the back. Lot is zoned R4. Great investment property or tear down to build! Showings start Friday May 2nd 10-12.

Last Agent to Sell the Property

Sonia Madden

@properties Christie's International Real Estate License #475146589 Listed on: 04/30/2014

@properties Christie's International Real Estate

Co-Listed By

David Baran

@properties Christie's International Real Estate License #471000382

Last Buyer's Agent

Christina McNamee

Compass License #475128284

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,873

Lot Details

  • 2,657

Home Design

  • A-Frame Home
  • Brick Foundation
  • Frame Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 6 Bathrooms

Parking

  • 3 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price
  • Assigned Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Alcott Elementary School

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 25 x 110

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $50,865
  • Net Operating Income $14,441

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,873

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: A-Frame
  • New Construction: No
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 6
  • Total Bedrooms: 6
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 6
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Central Air Conditioner,Hardwood Floors
  • AppliancesAndFeatures: Stove,Refrigerator,Microwave,Central Air Conditioner,Hardwood Floors
  • Room: 4

Exterior Features

  • ExteriorFeatures: Deck, Patio
  • Foundation Details: Brick/Mortar
  • List Price: 749000
  • Roof: Other
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Fee Information

  • Other Expenses $: 36424

Schools

  • Elementary School: ALCOTT ELEMENTARY SCHOOL
  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 25 X 110
  • Zoning: SINGL
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 14441
  • GrossIncome: 50865
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat,2 Story Unit/s

Tax Info

  • Tax Annual Amount: 9873.12
  • Tax Year: 2012
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2017
Sold by
2645 N Burling Llc
Bought by
Mascia Richard G and Mascia Sofia
Current Estimated Value
$953,048

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Outstanding Balance
$561,807
Interest Rate
4.13%
Mortgage Type
Commercial
Estimated Equity
$241,747
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mascia Richard G $1,075,000 Greater Illinois Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mascia Richard G $675,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2014 06/23/14 Sold $820,000 +9.5% $297 / Sq Ft
05/03/2014 05/03/14 Pending -- -- --
04/30/2014 04/30/14 For Sale $749,000 -- $271 / 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
2024 $13,226 $112,513 $25,515 $86,998
2023 $12,871 $66,000 $20,576 $45,424
2022 $12,871 $66,000 $20,576 $45,424
2021 $12,602 $65,999 $20,576 $45,423
2020 $20,501 $95,131 $9,876 $85,255
2019 $20,055 $103,251 $9,876 $93,375
2018 $20,396 $103,251 $9,876 $93,375
2017 $21,990 $102,150 $8,779 $93,371
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08600317

Midwest Real Estate Data (MRED)

APN: 14-28-303-103-1002