NOT LISTED FOR SALE
13 Beds
9 Baths
-- Sq Ft
6,098 Sq Ft Lot

Sale Details

Date Sold: June 30, 2021

Last sale price $490,000

21 Days on Market

About This Home

As of June 2021

This 1968, masonry building is well maintained with zero vacancy. Recent updates (3-7 years) include newer roof, windows, doors, some plumbing and electric updates, boiler and hot water tank replacement. Updated apartments' kitchens & baths, hardwood floors, balconies, secured gated entry, and exterior parking. Convenient location with easy access to shopping, schools, public transportation and just 10 minute drive to Midway airport.

Last Agent to Sell the Property

Mark Kurgan

VELOCITY GROUP REAL ESTATE LLC License #475159506 Listed on: 04/02/2021

Last Buyer's Agent

Mark Weitekamper

Haderlein & Co. Realtors License #471004491

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,276

Year Built

  • Built in 1968

Lot Details

  • 6,206 Sq Ft Lot
  • Lot Dimensions are 50x125

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 9 Bathrooms

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 9 Units

Building Details

  • Electric Expense $1,800
  • Fuel Expense $6,900
  • Insurance Expense $3,000
  • Maintenance Expense $4,000
  • Other Expense $10,000
  • Trash Expense $1,800
  • Water Sewer Expense $3,000
  • Operating Expense $44,374
  • Gross Income $98,100
  • Net Operating Income $44,916

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,276

Year Built

Built in 1968

Lot Details

6,206 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 3
  • Year Built: 1968
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 9
  • Total Bedrooms: 13
  • Possible Use: Multi-Family
  • Fireplaces: 1
  • Refrigerators: 9
  • Ranges: 9
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Concrete
  • Foundation Details: Concrete Perimeter
  • Exterior Building Type: Brick
  • Misc Outside: Balcony/ies

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Baseboard
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1800
  • Water Sewer Expenses: 3000

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50X125
  • Lot Size Sq Ft: 6206
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 44916
  • Fuel Expense: 6900
  • Insurance Expense: 3000
  • ElectricExpense: 1800
  • GrossIncome: 98100
  • Maintenance Expense: 4000
  • NumberOfUnitsTotal: 9
  • OperatingExpense: 44374
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 9276
  • Tax Year: 2019
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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 Prior Sale
06/30/2021 06/30/21 Sold $490,000 -2.0% --
04/23/2021 04/23/21 Pending -- -- --
04/23/2021 04/23/21 For Sale -- -- --
04/19/2021 04/19/21 Price Changed $500,000 -4.8% --
04/19/2021 04/19/21 For Sale $525,000 0.0% --
04/14/2021 04/14/21 Pending -- -- --
04/02/2021 04/02/21 For Sale $525,000 +6.9% --
07/13/2018 07/13/18 Sold $491,000 0.0% -- View Prior Sale
03/22/2018 03/22/18 Pending -- -- --
03/12/2018 03/12/18 For Sale $491,000 -- --
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 $14,597 $72,870 $9,375 $63,495
2024 $14,597 $72,870 $9,375 $63,495
2023 $16,191 $65,852 $5,625 $60,227
2022 $16,191 $74,064 $5,625 $68,439
2021 $15,585 $74,064 $5,625 $68,439
2020 $10,108 $42,905 $5,625 $37,280
2019 $9,277 $42,905 $5,625 $37,280
2018 $9,151 $42,905 $5,625 $37,280
2017 $8,716 $37,632 $5,156 $32,476
2016 $8,221 $37,632 $5,156 $32,476
2015 $7,590 $37,632 $5,156 $32,476
2014 $5,939 $28,899 $5,156 $23,743
2013 $5,833 $28,899 $5,156 $23,743
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11040905

Midwest Real Estate Data (MRED)

APN: 19134000430000

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