NOT LISTED FOR SALE

2646 W Chicago Ave Chicago, IL 60622

Humboldt Park Neighborhood

Estimated Value: $1,056,000 - $1,237,944

11 Beds
6 Baths
5,598 Sq Ft
$205/Sq Ft Est. Value

Sale Details

Date Sold: July 29, 2021

Last sale price $1,075,000 $192 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $7,350 / mo

68 Days on Market

About This Home

As of July 2021

VERY WELL KEPT BRICK 6 UNIT BUILDING ON THE BORDER OF UKRAINIAN VILLAGE, GREAT INVESTMENT PROPERTY WITH LONG TIME TENANTS GENERATING VERY NICE INCOME, RECENTLY UPDATED: ROOF, WINDOWS, 4 HVSC, 4 HOT WATER TANKS, CAR PORT ON THE BACK, ALL UNITS WITH SEPARATED FORCED AIR, HEAT AND ELECTRIC, LAUNDRY AND STORAGE IN THE FULL FINISHED BASEMENT, STORAGE HAS POURED CONCRETE FOR 1F UNIT DUPLEX DOWN POTENCIAL, STORE FRONT UNIT 1F IS CURRENTLY RENTED AS RESIDENTIA/LIVE-WORK SPACE. ADDITIONAL INCOME FROM THE LAUNDRY AND SIGN ON THE BUILDING.

Last Agent to Sell the Property

Agata Zabludowska

Exit Realty Redefined License #475160672 Listed on: 03/25/2021

Exit Realty Redefined

Last Buyer's Agent

Phyllis Scott

Coldwell Banker Realty License #475131466

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,034

Year Built

  • Built in 1922

Lot Details

  • 3,136

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System

Additional Features

  • 3-Story Property
  • Lot Dimensions are 25x125

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $550
  • Insurance Expense $3,100
  • Trash Expense $1,180
  • Water Sewer Expense $220
  • Operating Expense $7,470
  • Gross Income $82,200
  • Net Operating Income $81,930

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,034

Year Built

Built in 1922

Lot Details

3,136 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1922
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required,No Sign on Property
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick

Utilities

  • Cooling: Central Air, Window Unit(s)
  • Heat/Ventilation: Forced Air

Fee Information

  • Trash Expense: 1180
  • Water Sewer Expenses: 220

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X125
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 10

Multi Family

  • Net Operating Income: 81930
  • Insurance Expense: 3100
  • ElectricExpense: 550
  • GrossIncome: 82200
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 7470
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 12034
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2021
Closed on
Jul 29, 2021
Sold by
Baranowsky Nikolai
Bought by
Laster Benjamin
Seller's Agent
Agata Zabludowska
Exit Realty Redefined
Buyer's Agent
Phyllis Scott
Coldwell Banker Realty
List Price
$1,150,000
Sold Price
$1,075,000
Premium/Discount to List
-$75,000
-6.52%
Current Estimated Value
$1,146,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,972
Avg. Annual Appreciation
1.36%
Original Mortgage
$3,737
Outstanding Balance
$463
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,146,509

Purchase Details

Closed on
Sep 30, 2010
Sold by
Kashivskiy Victor and Baranowsky Nickolai
Bought by
Baranowsky Nikolai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
4.26%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 15, 2005
Sold by
Fafendyk Jerry
Bought by
2703 Thomas Inc

Purchase Details

Closed on
Oct 13, 2004
Sold by
Fafendyk Jerry
Bought by
Baranowsky Nickolai and Kashivskiy Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$434,000
Interest Rate
5.86%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
Laster Benjamin $1,075,000 Chicago Title
Baranowsky Nikolai $270,000 Attorneys Title Guaranty Fun
2703 Thomas Inc $330,000 First American Title
Baranowsky Nickolai $542,500 Pntn
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 Laster Benjamin $3,737
Previous Owner Baranowsky Nikolai $425,000
Previous Owner Baranowsky Nickolai $434,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2021 07/29/21 Sold $1,075,000 -6.5% $192 / Sq Ft
06/01/2021 06/01/21 Pending -- -- --
05/25/2021 05/25/21 For Sale $1,150,000 +7.0% $205 / Sq Ft
05/25/2021 05/25/21 Off Market $1,075,000 -- --
05/05/2021 05/05/21 Price Changed $1,150,000 -4.2% $205 / Sq Ft
03/25/2021 03/25/21 For Sale $1,199,900 -- $214 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $14,813 $86,635 $17,500 $69,135
2024 $14,813 $86,635 $17,500 $69,135
2023 $14,398 $70,001 $14,063 $55,938
2022 $14,398 $70,001 $14,063 $55,938
2021 $14,076 $69,999 $14,062 $55,937
2020 $11,554 $51,867 $7,968 $43,899
2019 $11,842 $58,940 $7,968 $50,972
2018 $11,643 $58,940 $7,968 $50,972
2017 $10,513 $48,835 $7,031 $41,804
2016 $9,781 $48,835 $7,031 $41,804
2015 $8,949 $48,835 $7,031 $41,804
2014 $6,537 $37,803 $6,250 $31,553
2013 $6,837 $37,803 $6,250 $31,553
Source: Public Records

Agents Affiliated with this Home

  • Agata Zabludowska

    Seller's Agent in 2021

    Agata Zabludowska

    Exit Realty Redefined

    (773) 742-5078

    1 in this area

    106 Total Sales

    Agata Zabludowska
    Section Image

  • P

    Buyer's Agent in 2021

    Phyllis Scott

    Coldwell Banker Realty

    (708) 957-0600

    2 in this area

    30 Total Sales

    Phyllis Scott
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11032185

Midwest Real Estate Data (MRED)

APN: 16-01-427-028-0000

Illinois Cook County Chicago 60612 Humboldt Park

2646 W Chicago Ave, Chicago, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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