$1,700,000
SOLD NOV 12, 2024
12 Beds
6 Baths
6,039 Sq Ft
6,225 Sq Ft Lot

Recently Sold

$282 Per Sq Ft

3 Days on Market

Highlights

  • 6,225 Sq Ft lot
  • Forced Air Heating and Cooling System
  • 5-minute walk to Wrightwood Park
  • Prescott Elementary School Rated A-

About This Home

As of November 2024

Beautiful LINCOLN PARK CENTER-ENTRANCE BRICK 6-FLAT generating over 98K in annual income! This outstanding, fully leased, turnkey investment gem is situated on a 50FT x 125FT lot on peaceful tree-lined Marshfield, and offers six 2BR/1BA units all with large sun-drenched front living rooms with loads of windows, separate spacious dining rooms, entry foyers, hardwood flooring, kitchens that open to enclosed porches (one of which is the common laundry room), rear decks, and a HUGE backyard perfect for relaxation and outdoor recreation in all seasons. There are two brick garages on-site, affording parking for 4 cars. Excellent upward rent potential simple to align with recent overall market growth. Highly desirable Lincoln Park location with wonderful proximity to South Lakeview/Southport Corridor, North Center/Roscoe Village, 90/94, Costco, Jewel, Wrightwood Park, Chi Chi Wang Park, Hexe Coffee, Midtown Athletic Club, and Lakeshore Sport and Fitness. Seize this amazing opportunity to secure both immediate returns and strong potential for future capital appreciation!

Last Agent to Sell the Property

Keith Wilkey

Berkshire Hathaway HomeServices Chicago License #471016255 Listed on: 10/02/2024

Berkshire Hathaway HomeServices Chicago

Last Buyer's Agent

Isaac Jolcover

Landstar Realty Group, Inc. License #475193399

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,640

Year Built

  • Built in 1923

Lot Details

  • 6,225 Sq Ft Lot
  • Lot Dimensions are 50x124.5

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 6,039 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $1,000
  • Fuel Expense $400
  • Insurance Expense $4,811
  • Maintenance Expense $2,400
  • Trash Expense $2,532
  • Water Sewer Expense $2,916
  • Operating Expense $18,859
  • Gross Income $144,660
  • Net Operating Income $98,161

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,640

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1923
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required,Other-See Remarks
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 12
  • Fireplaces: 2
  • Dishwashers: 6
  • Refrigerators: 6
  • Ranges: 6
  • Number of Windows: 12
  • Number of Washers: 2
  • Room: 5
  • Room: 5
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 1699000
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Garage/Parking

  • Indoor Parking: 1-5 Spaces

Utilities

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

Fee Information

  • Trash Expense: 2532
  • Water Sewer Expenses: 2916
  • Janitor Expense: 4800

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50X124.5
  • Lot Size Sq Ft: 6225
  • Zoning: MULTI

Rental Info

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

Building Info

  • BuildingAreaTotal: 6039

Multi Family

  • Net Operating Income: 98161
  • Fuel Expense: 400
  • Insurance Expense: 4811
  • ElectricExpense: 1000
  • GrossIncome: 144660
  • Maintenance Expense: 2400
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 18859
  • Expense Year: 2024
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 27639.7
  • 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 Change Sq Ft Price
11/12/2024 11/12/24 Sold $1,700,000 +0.1% $282 / Sq Ft
10/05/2024 10/05/24 Pending -- -- --
10/02/2024 10/02/24 For Sale $1,699,000 0.0% $281 / Sq Ft
06/01/2018 06/01/18 Rented $1,745 0.0% --
05/18/2018 05/18/18 Under Contract -- -- --
05/15/2018 05/15/18 For Rent $1,745 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12178160

Midwest Real Estate Data (MRED)

APN: 14304050220000