NOT LISTED FOR SALE
12 Beds
6 Baths
6,090 Sq Ft
1935 Built

Last Sold August 15, 2023

Last sale price $395,000 $65 Per Sq Ft

20 Days on Market

About This Home

As of August 2023

This is an opportunity to own a well-maintained 6-unit building in the up-and-coming Chicago Lawn neighborhood of Chicago. The building is conveniently located at 2656 W. 69th St., providing easy access to public transportation, major highways, and all the amenities the city has to offer. This brick building features eight spacious units, each with two bedrooms and one bathroom. All units are generating strong rental income. The units have finishes including hardwood floors, appliances, and granite countertops. The bathrooms have also been updated with contemporary fixtures and finishes. The Chicago Lawn neighborhood is a vibrant and diverse community with easy access to public transportation and major highways. It offers a wide variety of restaurants, shops, and entertainment options. It is also conveniently located near several schools and parks, making it an ideal location for families.

Last Agent to Sell the Property

Tony Hardy

Keller Williams ONEChicago License #475139834 Listed on: 05/01/2023

Keller Williams ONEChicago

Co-Listed By

Travis Montgomery

Keller Williams ONEChicago License #475184338

Last Buyer's Agent

Edwin Ramos

United Real Estate - Chicago License #471017399

United Real Estate - Chicago

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,418

Year Built

  • Built in 1935

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Additional Features

  • 2-Story Property
  • Lot Dimensions are 30x130

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $356
  • Fuel Expense $5,040
  • Insurance Expense $3,125
  • Maintenance Expense $1,500
  • Other Expense $1,500
  • Trash Expense $2,421
  • Water Sewer Expense $2,621
  • Operating Expense $27,631
  • Gross Income $75,000
  • Net Operating Income $39,869

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,418

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1935
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 12
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 400000

Utilities

  • Heat/Ventilation: Other

Fee Information

  • Trash Expense: 2421
  • Water Sewer Expenses: 2621
  • Janitor Expense: 1800

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 30X130

Rental Info

  • Tenant Pays: Other
  • Board Number: 8

Multi Family

  • Net Operating Income: 39869
  • Fuel Expense: 5040
  • Insurance Expense: 3125
  • ElectricExpense: 356
  • GrossIncome: 75000
  • Maintenance Expense: 1500
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 27631
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 3418
  • Tax Year: 2021

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

Property History

Date Event Price Change Sq Ft Price
08/15/2023 08/15/23 Sold $395,000 -1.3% $65 / Sq Ft
05/22/2023 05/22/23 Pending -- -- --
05/01/2023 05/01/23 For Sale $400,000 -- $66 / Sq Ft
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: 11771355

Midwest Real Estate Data (MRED)

APN: 19244070400000