NOT LISTED FOR SALE
5 Beds
3 Baths
1,626 Sq Ft
-- Built

Last Sold April 03, 2023

Last sale price $650,000 $400 Per Sq Ft

3 Days on Market

Highlights

  • Traditional Architecture
  • Fenced Yard
  • Brick or Stone Mason
  • Sun or Florida Room
  • 2 Car Detached Garage
  • Soaking Tub

About This Home

As of April 2023

Logan Square- LEGAL 3-UNIT building that has been lovingly cared for by its current owners and it shows! Building is in excellent shape with recently updated mechanical systems (heating and cooling, hot water heater), newer electrical (200 AMP service to the building and new electric boxes) as well as recently replaced roof (including parapet walls) thermal pane windows and new, steel framed back stair case. Utility/laundry room is clean as a whistle. Very spacious and well-manicured back yard and two-car garage on site. This building is turnkey ready and has great tenants as you can see by the photos. 1st and 2nd floor apartments are 2BR, 1BTH apartments with very large eat-in kitchens and heated back sunrooms for additional living space that makes a great home office or den. 3rd apartment is a 1BR, 1BTH Unit. Current tenancies are month-to-month, but occupants would like to stay and sign year-long leases if so desired. 1BR garden apartment is being held vacant for the next owner and could be potentially combined with the 1st floor for an owner's 3BR, 2BTH duplex down with physical alteration to the layout and addition of stair case or continue to be utilized as a 3rd separate income producing apartment. All this in a very convenient location with easy access to the expressway (Diversey Exit) making it quick to get downtown or to the airport, only 4 blocks to Logan Boulevard, and a short distance to Palmer Square. Building is also close to a plethora of shopping, restaurants and entertainment, including Target, Costco, Home Goods, Home Depot, Fresh Thyme Market, Maplewood Brewery, Regal Cinema and Midtown Athletic Club just to mention a few.

Last Agent to Sell the Property

Michael Hall

Baird & Warner License #475148426 Listed on: 03/02/2023

Baird & Warner

Last Buyer's Agent

Keith Johns

Compass License #475157867

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,096

Lot Details

  • Fenced Yard
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Traditional Architecture
  • Flat Roof Shape
  • Brick or Stone Mason

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms
  • Soaking Tub

Partially Finished Basement

  • English Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Zoned Heating System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Cable TV Available

Additional Features

  • Sun or Florida Room
  • Patio

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $1,069
  • Fuel Expense $2,054
  • Insurance Expense $2,817
  • Trash Expense $751
  • Water Sewer Expense $751
  • Gross Income $48,600
  • Net Operating Income $39,958

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,096

Lot Details

0

Parking

2

Listing Details

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

Interior Features

  • Basement: Full, English
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Room Type: Sun Room
  • Basement Description: Partially Finished
  • Bathroom Amenities: Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Patio, Cable Access
  • Lot Features: Fenced Yard
  • OtherStructures: Garage(s)
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick,Stone

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Electric, Forced Air, Sep Heating Systems - 2+, Indv Controls, Zoned
  • Water Source: Public

Condo/Co-op/Association

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

Fee Information

  • Trash Expense: 751
  • Water Sewer Expenses: 751
  • Other Expenses $: 1200
  • Trash Expense Year: 2022

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25 FT X 125 FT
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 39958
  • Fuel Expense: 2054
  • Insurance Expense: 2817
  • ElectricExpense: 1069
  • GrossIncome: 48600
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 10096.04
  • Tax Year: 2021
  • 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
04/03/2023 04/03/23 Sold $650,000 +3.2% $400 / Sq Ft
03/06/2023 03/06/23 Pending -- -- --
03/02/2023 03/02/23 For Sale $629,900 -- $387 / 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
2025 $10,596 $56,000 $19,530 $36,470
2024 $10,596 $56,000 $19,530 $36,470
2023 $10,328 $50,042 $15,750 $34,292
2022 $10,328 $50,042 $15,750 $34,292
2021 $10,096 $50,042 $15,750 $34,292
2020 $8,308 $37,161 $8,977 $28,184
2019 $8,515 $42,229 $8,977 $33,252
2018 $8,342 $42,229 $8,977 $33,252
2017 $7,864 $36,533 $7,875 $28,658
2016 $7,317 $36,533 $7,875 $28,658
2015 $6,695 $36,533 $7,875 $28,658
2014 $5,929 $31,954 $6,300 $25,654
2013 $5,812 $31,954 $6,300 $25,654
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11728532

Midwest Real Estate Data (MRED)

APN: 13254060300000