NOT LISTED FOR SALE

2834 N Lockwood Ave Chicago, IL 60641

Cragin Neighborhood
18 Beds
12 Baths
-- Sq Ft
1931 Built

Last Sold August 10, 2022

Last sale price $1,630,000

28 Days on Market

About This Home

As of August 2022

Great investment in high rental area. Three story brick walk up building located on corner of Lockwood and Wolfram close to shopping and public transportation, one of the prettiest lots in the area. Recent improvements including: updates kitchen, baths, roof, windows, enclosed back porch, new carpeting in hallways, 6' wrought iron security fence and much more. Building consist of 6-2 bedrooms and 6-1 bedrooms and detached 4 car garage and is always fully occupied. Please do not disturb the tenants.

Last Agent to Sell the Property

Boguslaw Rola

Arc Red Inc Arc Realty Group License #475130949 Listed on: 05/16/2022

Last Buyer's Agent

James Walsh

Kale Realty License #475182796

Kale Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,507

Year Built

  • Built in 1931

Home Design

  • Brick Exterior Construction
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3-Story Property
  • Laundry Room
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 12 Bathrooms

Additional Features

  • Lot Dimensions are 75x125
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $764
  • Fuel Expense $9,626
  • Insurance Expense $5,202
  • Maintenance Expense $5,100
  • Trash Expense $3,937
  • Water Sewer Expense $4,991
  • Operating Expense $49,727
  • Gross Income $131,160
  • Net Operating Income $81,432

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,507

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1931
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 12
  • Total Bedrooms: 18
  • Basement Description: Partially Finished
  • Misc Inside: Laundry Room
  • Fireplaces: 2
  • Refrigerators: 12
  • Ranges: 12
  • Number of Windows: 0
  • Number of Washers: 2
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Concrete
  • List Price: 1749900
  • Exterior Building Type: Brick

Garage/Parking

  • Indoor Parking: 1-5 Spaces

Utilities

  • Heat/Ventilation: Gas
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No

Fee Information

  • Trash Expense: 3937
  • Water Sewer Expenses: 4991
  • Janitor Expense: 2160

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 75X125
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 81432
  • Fuel Expense: 9626
  • Insurance Expense: 5202
  • ElectricExpense: 764
  • GrossIncome: 131160
  • Maintenance Expense: 5100
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 49727
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 16507
  • Tax Year: 2020

Range of Values:

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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
08/10/2022 08/10/22 Sold $1,630,000 -6.9% --
06/14/2022 06/14/22 Pending -- -- --
05/16/2022 05/16/22 For Sale $1,749,900 -- --
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: 11405810

Midwest Real Estate Data (MRED)