$250,000
SOLD FEB 17, 2016

2841 N Sacramento Ave Chicago, IL 60618

Avondale Neighborhood
6 Beds
3 Baths
-- Sq Ft
3,049 Sq Ft Lot

Recently Sold

16% Below List Price

4 Days on Market

About This Home

As of March 2020

Calling all developers/investors. Great opportunity in Avondale. 3 units. Property needs complete updating & rehab. Fantastic potential. Sold 'As-Is', not a short sale. Call listing agent with any questions. Quick close.

Last Agent to Sell the Property

John Baer

Coldwell Banker Realty License #471006303 Listed on: 02/01/2016

Coldwell Banker Realty

Last Buyer's Agent

Mark Ranallo

Berkshire Hathaway HomeServices American Heritage License #475163543

Berkshire Hathaway HomeServices American Heritage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,500

Year Built

  • Built in 1903

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 25x125

Parking

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

Home Design

  • Asphalt Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 3 Units
  • Avondale Estates Subdivision

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,500

Year Built

Built in 1903

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Subdivision Name: AVONDALE ESTATES
  • Year Built: 1903
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • List Price: 299000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.07
  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 5499.71
  • Tax Year: 2014
  • Tax Exemptions: Homeowner,Senior

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2020
Closed on
Mar 27, 2020
Sold by
Reese Thomas W and Reese Jane R
Bought by
Franco Bret David and Franco Michaela Pope
Seller's Agent
Houston Holt
Westward 360
Buyer's Agent
Sarah Maxwell
@properties Christie's International Real Estate
List Price
$850,000
Sold Price
$862,000
Premium/Discount to List
$12,000
1.41%
Current Estimated Value
$1,086,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,884
Avg. Annual Appreciation
4.06%
Original Mortgage
$689,600
Outstanding Balance
$611,635
Interest Rate
2.87%
Mortgage Type
New Conventional
Estimated Equity
$455,934

Purchase Details

Closed on
Apr 24, 2017
Sold by
Pdl Real Estate Llc
Bought by
Reese Thomas W and Reese Jane R

Purchase Details

Listed on
Feb 1, 2016
Closed on
Feb 16, 2016
Sold by
Ortega Juan
Bought by
Pdl Real Estate Llc
Seller's Agent
John Baer
Coldwell Banker Realty
Buyer's Agent
Mark Ranallo
Berkshire Hathaway HomeServices American Heritage
List Price
$299,000
Sold Price
$250,000
Premium/Discount to List
-$49,000
-16.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.51%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $862,000 Fidelity National Title
Warranty Deed $855,000 Executive Land Title
Warranty Deed $250,000 Acquest Title Services Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $689,600 New Conventional
Previous Owner $300,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2020 03/30/20 Sold $862,000 +1.4% $269 / Sq Ft
02/29/2020 02/29/20 Pending -- -- --
02/24/2020 02/24/20 For Sale $850,000 +240.0% $266 / Sq Ft
02/17/2016 02/17/16 Sold $250,000 0.0% --
02/05/2016 02/05/16 Pending -- -- --
02/03/2016 02/03/16 Off Market $250,000 -- --
02/01/2016 02/01/16 For Sale $299,000 -- --
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
2024 $12,943 $75,000 $19,530 $55,470
2023 $12,616 $68,627 $15,750 $52,877
2022 $12,616 $68,627 $15,750 $52,877
2021 $12,332 $61,127 $15,750 $45,377
2020 $9,479 $42,398 $8,977 $33,421
2019 $9,145 $45,354 $8,977 $36,377
2018 $15,618 $79,066 $8,977 $70,089
2017 $8,072 $37,497 $7,875 $29,622
2016 $7,510 $37,497 $7,875 $29,622
2015 $6,047 $37,497 $7,875 $29,622
2014 $5,500 $34,045 $6,300 $27,745
2013 $2,096 $34,045 $6,300 $27,745
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09128508

Midwest Real Estate Data (MRED)

APN: 13-25-133-007-0000