NOT LISTED FOR SALE

Estimated Value: $1,291,402 - $1,441,000

14 Beds
6 Baths
6,603 Sq Ft
$207/Sq Ft Est. Value

Sale Details

Date Sold: November 25, 2024

Last sale price $1,200,000 $182 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $9,064 / mo

6 Days on Market

About This Home

As of November 2024

Amazing investment opportunity at Augusta and Mozart. Don't pass up this fully rented brick three story six-unit building. All long term tenants who have lived here 14 to 4 years, with most of the tenants occupying their respective unit for 6 years or more. All units have their own furnace, water heaters and separate utilities, and two units have central ac. The three apartments on the west side of the building are each 2 bed 1 bath units, and each include their own spacious deck. Units 3E and 2E are 3 bed 1 bath units with spacious separate living rooms with beautiful original woodwork flourishes, built-in hutches and dishwashers. 3E also features all Stainless Steel appliances, newer cabinets and quartz countertops. #1E is a 2 bed 1 bath fully rehabbed storefront conversion with Stainless Steel appliances, quarts counter tops and high ceilings. 5 units have hardwood floors and lots of natural sunlight flooding in. Building also has owned coin laundry for tenants and two gated parking spots. Don't drag your feet on this incredible investment opportunity, it won't be available for long! This property is a turn-key investment with established tenants and a history of occupancy. The combination of long-term rentals, separate utilities, and upgraded units with modern amenities makes this an attractive opportunity for both new and seasoned investors.

Last Agent to Sell the Property

Andrew Frier

North Clybourn Group, Inc. License #475156922 Listed on: 09/05/2024

Last Buyer's Agent

Ariel Bo Pang

The Apartment Source License #475199185

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,889

Year Built

  • Built in 1916

Lot Details

  • 3,231 Sq Ft Lot
  • Lot Dimensions are 25 x 125

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Slab Foundation
  • Rubber Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 6,603 Sq Ft Home
  • 3-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 6 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Floor Furnace
  • Heating System Uses Gas
  • Separate Meters
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat, hot water

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $795
  • Fuel Expense $1,708
  • Insurance Expense $5,326
  • Maintenance Expense $28,938
  • Trash Expense $5,548
  • Water Sewer Expense $4,580
  • Operating Expense $64,786
  • Gross Income $113,760
  • Net Operating Income $48,973

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,889

Year Built

Built in 1916

Lot Details

3,231 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1916
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 14
  • Basement Description: Slab
  • Misc Inside: Laundry Room
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Dishwashers: 3
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Concrete
  • Frontage Type: City Street
  • Roof: Rubber
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: Paved,Secured

Utilities

  • Cooling: Central Air, Window Unit(s)
  • Electric: Circuit Breakers, Service - 0 to 100 Amps
  • Utilities: Water-Municipal
  • Heat/Ventilation: Forced Air,Gas,Separate Per Unit,Individual Furnaces
  • Leased Washer Dryer YN: No

Fee Information

  • Trash Expense: 5548
  • Water Sewer Expenses: 4580
  • Operating Expense Includes: Insurance,Maintenance,Trash,Utilities,Water/Sewer,Gas,Real Estate Tax

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25 X 125
  • Lot Size Sq Ft: 3231
  • Zoning: MULTI
  • Land Amenities: Sidewalks

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
  • Board Number: 8
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 6603

Multi Family

  • Net Operating Income: 48973
  • Fuel Expense: 1708
  • Insurance Expense: 5326
  • ElectricExpense: 795
  • GrossIncome: 113760
  • Maintenance Expense: 28938
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 64786
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 17888.7
  • Tax Year: 2023

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2024
Closed on
Oct 25, 2024
Sold by
Larson Bros Properties Llc
Bought by
Seller's Agent
Andrew Frier
North Clybourn Group, Inc.
Buyer's Agent
Ariel Bo Pang
The Apartment Source
List Price
$1,000,000
Sold Price
$1,200,000
Premium/Discount to List
$200,000
20%
Views
57
Current Estimated Value
$1,372,641

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,641
Avg. Annual Appreciation
7.52%
Original Mortgage
$1,055,850
Outstanding Balance
$1,035,519
Interest Rate
6.44%
Mortgage Type
Construction
Estimated Equity
$330,682

Purchase Details

Closed on
Jan 28, 2010
Sold by
Salgado Baldemar and Salgado Maria
Bought by
Larson Bros Properties Llc 2842-A West A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,500
Interest Rate
1.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 24, 2000
Sold by
Rosenberg Bennett
Bought by
Salgado Baldemar and Salgado Maria

Purchase Details

Closed on
Dec 24, 1999
Sold by
Winston Mark
Bought by
Salgado Baldemar and Salgado Maria

Purchase Details

Closed on
Sep 18, 1998
Sold by
Rosenberg Bennett
Bought by
Rosenberg Bennett and The Bennett Rosenberg Living Trust

Purchase Details

Closed on
May 29, 1997
Sold by
Soto Michael
Bought by
Winston Mark and Rosenberg Bennett
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,120,000 None Listed On Document
Larson Bros Properties Llc 2842-A West A $530,000 Multiple
Salgado Baldemar -- --
Salgado Baldemar $297,500 --
Rosenberg Bennett -- --
Winston Mark $245,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,055,850
Previous Owner Larson Bros Properties Llc 2842-A West A $397,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/25/2024 11/25/24 Sold $1,200,000 +20.0% $182 / Sq Ft
09/11/2024 09/11/24 Pending -- -- --
09/05/2024 09/05/24 For Sale $1,000,000 -- $151 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $17,889 $97,000 $18,094 $78,906
2024 $17,889 $97,000 $18,094 $78,906
2023 $20,568 $84,532 $14,540 $69,992
2022 $20,568 $100,001 $14,540 $85,461
2021 $20,109 $99,999 $14,539 $85,460
2020 $12,068 $54,173 $8,239 $45,934
2019 $12,368 $61,561 $8,239 $53,322
2018 $12,160 $61,561 $8,239 $53,322
2017 $11,101 $51,568 $7,269 $44,299
2016 $10,328 $51,568 $7,269 $44,299
2015 $9,450 $51,568 $7,269 $44,299
2014 $7,114 $38,341 $6,462 $31,879
2013 $6,973 $38,341 $6,462 $31,879
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12155077

Midwest Real Estate Data (MRED)

APN: 16-01-311-027-0000

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