NOT LISTED FOR SALE
27 Beds
12 Baths
-- Sq Ft
1895 Built

Last Sold December 13, 2019

Last sale price $500,000

146 Days on Market

About This Home

As of December 2019

Solid double-digit returns in South Chicago. Three-story walk-up residential apartment building of masonry construction with a flat roof, constructed in 1895. Contains a total of eight units The Property contains a unique unit mix, featuring four 4bed/2bath units, three 2bed/1bath units, and one 5bed/1bath unit. All units have been renovated over the years and have varied finishes. The exterior envelope is of tan brick with white concrete/stone trim. The building has two, rear enclosed wooden porch systems (one on east side and one on west side). There is a two-car garage as well as two surface parking spaces in the property's rear. The building contains two, separate, front central stairwells. The basement houses the building's boiler system, its two hot water tanks and coin-operated laundry facilities (2 washers/two dryers and slop sink).

Last Agent to Sell the Property

Edward Bluemel

Atlas Asset Management Realty LLC License #475159969 Listed on: 03/12/2019

Co-Listed By

Michael Tolliver

Atlas Asset Management Realty LLC License #471012301

Last Buyer's Agent

Eduardo Jimenez

Coldwell Banker Realty License #475159169

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1895

Community Details

  • Fuel Expense $12,000
  • Insurance Expense $4,000

Listing and Financial Details

  • Tenant pays for electric
  • $5,000 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1895

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2018
  • Net Oper Income: 63752
  • Outdoor Parking: 1-5 Spaces
  • Scavenger Expense: 1000
  • Total Annual Exp: 40348
  • Total Annual Income: 104100
  • Total Monthly Income: 8675
  • Number Of Stories: 4
  • Estimated Year Built: 1895
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4
  • Year Built: 1895

Utilities

  • Heatventilation: Central Bldg Heat, Gas
  • Water Expense: 6315

Condo/Co-op/Association

  • Units in Building: 8

Fee Information

  • Electricity Expense: 2300

Lot Info

  • Lot Dimensions: 54X125
  • Lot Sq Ft: 6750
  • Parcel Identification Number: 26062220150000

Rental Info

  • Gross Rental Income: 104100
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2018
  • Fuel Expense: 12000
  • Insurance Expense: 4000
  • Other Expenses: 862

Tax Info

  • Taxes: 7551
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
12/13/2019 12/13/19 Sold $500,000 -3.8% --
12/13/2019 12/13/19 For Sale $520,000 +4.0% --
10/31/2019 10/31/19 Off Market $500,000 -- --
08/05/2019 08/05/19 Pending -- -- --
07/15/2019 07/15/19 Pending -- -- --
04/18/2019 04/18/19 Price Changed $520,000 -5.5% --
03/12/2019 03/12/19 For Sale $550,000 -- --
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 $5,711 $32,300 $2,531 $29,769
2024 $5,711 $32,300 $2,531 $29,769
2023 $5,570 $27,000 $3,375 $23,625
2022 $5,570 $27,000 $3,375 $23,625
2021 $5,445 $27,000 $3,375 $23,625
2020 $3,497 $15,658 $3,375 $12,283
2019 $3,625 $17,998 $3,375 $14,623
2018 $3,564 $17,998 $3,375 $14,623
2017 $3,887 $18,018 $3,037 $14,981
2016 $3,617 $18,018 $3,037 $14,981
2015 $4,089 $22,260 $3,037 $19,223
2014 $3,480 $18,712 $2,362 $16,350
2013 $4,657 $25,548 $2,362 $23,186
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10304994

Midwest Real Estate Data (MRED)
Your Personal Tour Guide

Ask me questions while you tour the home.