$1,025,000
SOLD JUN 9, 2025
12 Beds
8 Baths
1,500 Sq Ft
-- Built

Recently Sold

$683 Per Sq Ft

14% Below List Price

28 Days on Market

About This Home

As of June 2025

Prime Investment Opportunity - Legal 4-Unit with Strong Upside Potential! Investors and owner-occupants, take notice! This legal 4-unit property with a 6/3/2 unit mix offers significant value-add potential with below-market rents and ample opportunity to enhance the units for maximum rental income. The front building features three spacious units, each with 3 bedrooms, 2 baths, central air, and heat, while the rare 2-level, 3 bedroom, 2 bath coach house provides additional income or an ideal owner-occupied living space. With tenants covering their own utilities and on-site coin laundry for extra revenue, this property presents an investment opportunity with strong cash flow potential. Located just steps from Humboldt Park, this is a prime opportunity to renovate, reposition, and maximize returns. For owner-occupants, live in the coach house, enjoy a single-family home feel, and let rental income offset your mortgage. Seize this opportunity to invest in a high-demand rental market with strong value-add potential and room for growth!

Last Agent to Sell the Property

Lourdes Hernandez

Coldwell Banker Realty License #475109332 Listed on: 02/20/2025

Coldwell Banker Realty

Last Buyer's Agent

Michael Scanlon

eXp Realty License #475188240

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,490

Lot Details

  • Lot Dimensions are 125x25
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Potential Bedrooms
  • 8 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $540
  • Insurance Expense $4,643
  • Water Sewer Expense $3,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,490

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • MRD_WaterViewYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Full
  • Total Bathrooms: 8
  • Total Bedrooms: 12
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Central Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner,Laundry Hook-Up,Hardwood Floors,Skylights/Windows

Exterior Features

  • Construction Materials: Brick
  • Waterfront: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 3000

Lot Info

  • Lot Dimensions: 125X25
  • Zoning: MULTI
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Insurance Expense: 4643
  • ElectricExpense: 540
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Story Unit/s,Coach House

Tax Info

  • Tax Annual Amount: 23490
  • Tax Year: 2023
  • Tax Exemptions: None
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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 List to Sale Price per Sq Ft
06/09/2025 06/09/25 Sold $1,025,000 -13.8% $683 / Sq Ft
03/20/2025 03/20/25 Pending -- -- --
02/20/2025 02/20/25 For Sale $1,189,000 0.0% $793 / Sq Ft
12/05/2015 12/05/15 Rented $1,695 -5.6% --
12/03/2015 12/03/15 Under Contract -- -- --
11/03/2015 11/03/15 For Rent $1,795 -- --
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 $23,490 $101,345 $17,500 $83,845
2024 $23,490 $101,345 $17,500 $83,845
2023 $22,831 $111,001 $14,063 $96,938
2022 $22,831 $111,001 $14,063 $96,938
2021 $22,321 $110,999 $14,062 $96,937
2020 $12,639 $56,736 $7,968 $48,768
2019 $12,953 $64,473 $7,968 $56,505
2018 $12,736 $64,473 $7,968 $56,505
2017 $10,062 $46,739 $7,031 $39,708
2016 $9,929 $49,573 $7,031 $42,542
2015 $9,084 $49,573 $7,031 $42,542
2014 $7,266 $39,161 $6,250 $32,911
2013 $7,444 $40,927 $6,250 $34,677
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12294432

Midwest Real Estate Data (MRED)