NOT LISTED FOR SALE

2812 E 76th St Chicago, IL 60649

South Shore Neighborhood
9 Beds
6 Baths
-- Sq Ft
3,485 Sq Ft Lot

Last Sold September 27, 2021

Last sale price $430,000

7 Days on Market

Highlights

  • Patio
  • Forced Air Heating System
  • 4-minute walk to Windsor Park Station

About This Home

As of September 2021

2812 E. 76th Street is comprised of (3) three bedroom and 2 full bathroom units boasting approximately 1100 square feet of living space. All of the units and building was completely renovated in 2015 with individual utilities. The capital improvements included, but not limited to: electric service, wiring, breaks, & panels, all new copper plumbing, new windows, refinished hardwood floors, granite counter tops, 42' cabinets, stainless steel appliances, individual hot water heaters & furnaces, and updated sewer lines. The current owner purchased this property with an FHA loan, so it was in perfect shape when it was purchased. This fantastic 3-flat provides an investor the opportunity to acquire their first property or a seasoned investor who wants to add more units to their growing portfolio. There are two CHA tenants currently in the property, where CHA pays more than 87% of the total rent. The third tenant is market. The current Gross Scheduled Rent income is $44,628, but in this listing, a 5% vacancy/credit loss is taken into consideration which brings the Gross Operating Income to $42,397. The second option is to purchase this property as owner-occupied, and take advantage of the rents from the other units that pays the mortgage and then some!

Last Agent to Sell the Property

Marco Cesario

Jameson Commercial License #475142196 Listed on: 08/04/2021

Last Buyer's Agent

Matt Engle

Fulton Grace Realty License #475167329

Fulton Grace Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,039

Year Built

  • Built in 1909 | Remodeled in 2017

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 40' x 87'

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 6 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Patio

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $290
  • Insurance Expense $2,776
  • Maintenance Expense $975
  • Manager Expense $2,120
  • Water Sewer Expense $1,849
  • Gross Income $42,397
  • Net Operating Income $28,384

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,039

Year Built

Built in 1909 | Remodeled in 2017

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1909
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2017
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2017

Interior Features

  • Basement: Full
  • Total Bathrooms: 6
  • Total Bedrooms: 9
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Hardwood Floors

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

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

Condo/Co-op/Association

  • Manager Expense: 2120

Fee Information

  • Water Sewer Expenses: 1849
  • Other Expenses $: 964

Lot Info

  • Lot Size Acres: 0.08
  • Lot Dimensions: 40' X 87'
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: No

Multi Family

  • Net Operating Income: 28384
  • Insurance Expense: 2776
  • ElectricExpense: 290
  • GrossIncome: 42397
  • Maintenance Expense: 975
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 5039.28
  • Tax Year: 2019
  • Tax Exemptions: None

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 List to Sale Price per Sq Ft
09/27/2021 09/27/21 Sold $430,000 -1.1% --
08/12/2021 08/12/21 Pending -- -- --
08/04/2021 08/04/21 For Sale $435,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Marco Cesario

    Seller's Agent in 2021

    Marco Cesario

    Jameson Commercial

    (312) 315-7173

    5 in this area

    12 Total Sales

    Marco Cesario
    Section Image
  • Matt Engle

    Buyer's Agent in 2021

    Matt Engle

    Fulton Grace

    (717) 658-0899

    3 in this area

    194 Total Sales

    Matt Engle
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11178866

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60649 South Shore

2812 E 76th St, Chicago, IL

Not Listed for Sale

MultiFamily

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