NOT LISTED FOR SALE

2900 S Wallace St Chicago, IL 60616

Bridgeport Neighborhood

Estimated Value: $539,822 - $724,000

4 Beds
4 Baths
3,478 Sq Ft
$180/Sq Ft Est. Value

Last Sold July 10, 2018

Last sale price $440,000 $127 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $3,892/month

12 Days on Market

Highlights

  • Corner Lot
  • Heating System Uses Steam
  • 5-minute walk to Humbert Park
  • Healy Elementary School Rated 9+

About This Home

As of July 2018

ENDLESS POSSIBILITIES! Let your Imagination & Dreams run wild with this Unique One of A Kind Vintage Property in the heart of the Bridgeport Neighborhood! This very attractive & detailed corner building offers tremendous visual exposure, ideal for many uses. The main flr. storefront is approx.. 1700 sq. ft. of open fl. space w/ tall ceiling height, interior access to full unfin. bsmt. Possible live work gallery space? The 2nd flr. features 2 bright & sunny vintage apartments, both w/ tall ceilings & lots of windows. The front unit is a 6 rm/3 bdrm/formal dining rm /hdwd flrs/ radiater heat. Rear unit is a 3 rm./1 bdrm/gas space heat. Property also inc. a separate free-standing brick rear bldg. Art studio maybe? Property is currently zoned residential. Due to the current owner's use of the storefront & rear bldg for personal storage space the owner chose to have the property downzoned from commercial to residential. Property being Sold "AS-IS". Property is Realtor Owned

Last Agent to Sell the Property

Sheila Messer

Bridgeport Realty Group, LLC License #471002082 Listed on: 05/10/2018

Last Buyer's Agent

George Cain

Compass License #475151246

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,615

Lot Details

  • Lot Dimensions are 25x130
  • Corner Lot

Home Design

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Schools

  • Healy Elementary School

Utilities

  • Radiator
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,615

Lot Details

3,267 Sq Ft Lot

Listing Details

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

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: None
  • AppliancesAndFeatures: None

Exterior Features

  • Foundation Details: Brick/Mortar, Concrete Perimeter, Stone
  • Lot Features: Corner Lot
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Steam, Radiator(s)
  • Water Source: Lake Michigan

Schools

  • Elementary School: HEALY ELEMENTARY SCHOOL

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X130
  • Zoning: OTHER
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas,Heat

Tax Info

  • Tax Annual Amount: 8615
  • Tax Year: 2016
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: Other

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2018
Closed on
Jul 9, 2018
Sold by
Alinovich Peter and Brodlo Denise M
Bought by
Dichiara Johnathan W and Louie Janice T
Seller's Agent
Sheila Messer
Bridgeport Realty Group, LLC
Buyer's Agent
George Cain
Compass
List Price
$479,000
Sold Price
$440,000
Premium/Discount to List
-$39,000
-8.14%
Current Estimated Value
$612,778

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,778
Avg. Annual Appreciation
4.72%
Original Mortgage
$330,000
Outstanding Balance
$92,740
Interest Rate
2.33%
Mortgage Type
Commercial
Estimated Equity
$533,867
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Dichiara Johnathan W $440,000 Chicago Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dichiara Johnathan W $330,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2018 07/10/18 Sold $440,000 -8.1% $127 / Sq Ft
05/22/2018 05/22/18 Pending -- -- --
05/10/2018 05/10/18 For Sale $479,000 -- $138 / Sq Ft
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 $8,862 $53,001 $17,713 $35,288
2024 $8,862 $53,001 $17,713 $35,288
2023 $8,639 $42,000 $14,300 $27,700
2022 $8,639 $42,000 $14,300 $27,700
2021 $8,446 $42,000 $14,300 $27,700
2020 $7,153 $32,110 $14,300 $17,810
2019 $7,416 $36,909 $14,300 $22,609
2018 $7,291 $36,909 $14,300 $22,609
2017 $9,259 $43,012 $11,375 $31,637
2016 $8,615 $43,012 $11,375 $31,637
2015 $7,882 $43,012 $11,375 $31,637
2014 $6,835 $36,839 $9,750 $27,089
2013 $6,700 $36,839 $9,750 $27,089
Source: Public Records

Agents Affiliated with this Home

  • Sheila Messer

    Seller's Agent in 2018

    Sheila Messer

    Bridgeport Realty Group, LLC

    (312) 735-2801

    41 in this area

    58 Total Sales

    Sheila Messer
    Section Image
  • George Cain

    Buyer's Agent in 2018

    George Cain

    Compass

    (773) 818-9005

    14 Total Sales

    George Cain
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09946660

Midwest Real Estate Data (MRED)

APN: 17-28-321-020-0000

Illinois Cook County Chicago 60616 Bridgeport

2900 S Wallace St, Chicago, IL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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