NOT LISTED FOR SALE
4 Beds
2 Baths
-- Sq Ft
3,485 Sq Ft Lot

Sale Details

Date Sold: November 13, 2019

Last sale price $415,000

76 Days on Market

Highlights

  • Fenced Yard
  • Brick Porch or Patio
  • Paved or Partially Paved Lot
  • 2 Car Detached Garage
  • Forced Air Heating System

About This Home

As of November 2019

Incredible investment opportunity in sought after north Hermosa! Well maintained building offers an amazing amount of updates in the past ten years including new roof, windows, lintels, and separate furnace and hot water for ALL THREE units. Tenant pay for own utilities. First and second floors have 2 beds, eat in kitchens and updated baths while offering generous sized rooms, high ceilings, formal dining, hardwood floors, and original woodwork throughout. Brand new garden unit has two separate exits, large kitchen, bar and 1 bed. Long term tenants are on month to month lease; area rent is higher. One bedroom in-law garden unit could rent for $800-$900/month. Two car garage currently rented for an additional $100/month. Neither agent nor seller represent the legality of the garden unit. Coin operated laundry in basement. This is an ideal building as an investment or for a live in owner.

Last Agent to Sell the Property

Kathleen Olsen

@properties Christie's International Real Estate License #475167923 Listed on: 07/25/2019

@properties Christie's International Real Estate

Co-Listed By

Bette Bleeker

@properties Christie's International Real Estate License #471001667

Last Buyer's Agent

James Zedec

Chicagoland Brokers, Inc. License #475145380

Chicagoland Brokers, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,827

Year Built

  • Built in 1919

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 30x125
  • Fenced Yard
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Brick Porch or Patio

Utilities

  • Forced Air Heating System
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,827

Year Built

Built in 1919

Lot Details

3,485 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1919
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Finished,Exterior Access
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner,Fireplace-Artificial,Range Hood,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner,Fireplace-Artificial,Range Hood,Hardwood Floors

Exterior Features

  • ExteriorFeatures: Brick Paver Patio
  • Foundation Details: Concrete Perimeter
  • Lot Features: Fenced Yard
  • Roof: Tar and Gravel
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Lot Info

  • Lot Size Acres: 0.08
  • Lot Dimensions: 30X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 4827.01
  • Tax Year: 2018
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

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
Jul 25, 2019
Closed on
Nov 11, 2019
Sold by
Bought by
Seller's Agent
Kathleen Olsen
@properties Christie's International Real Estate
Buyer's Agent
James Zedec
Chicagoland Brokers, Inc.
List Price
$415,000
Sold Price
$415,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,483
Outstanding Balance
$352,586
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 22, 2009
Sold by
Bought by

Purchase Details

Closed on
Nov 22, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 1, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Interest Rate
6%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 19, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 3, 1999
Sold by
Bought by

Purchase Details

Closed on
Jul 19, 1995
Sold by
Bought by
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

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
$415,000 Chicago Title
$135,000 None Available
$430,000 Heritage Title Company
-- Law Title Insurance
-- --
-- --
$235,500 First American Title
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 $407,483
Previous Owner $344,000
Previous Owner $185,500
Previous Owner $175,000
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
11/13/2019 11/13/19 Sold $415,000 0.0% --
10/09/2019 10/09/19 Pending -- -- --
09/19/2019 09/19/19 For Sale $415,000 0.0% --
08/21/2019 08/21/19 Pending -- -- --
08/14/2019 08/14/19 For Sale $415,000 0.0% --
08/11/2019 08/11/19 Pending -- -- --
07/25/2019 07/25/19 For Sale $415,000 -- --
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 $5,971 $42,000 $11,532 $30,468
2024 $5,971 $42,000 $11,532 $30,468
2023 $7,204 $28,286 $9,304 $18,982
2022 $7,204 $35,000 $9,300 $25,700
2021 $7,043 $35,003 $9,303 $25,700
2020 $4,681 $21,002 $5,394 $15,608
2019 $4,910 $24,422 $5,394 $19,028
2018 $4,827 $24,422 $5,394 $19,028
2017 $5,594 $25,972 $4,836 $21,136
2016 $5,205 $25,972 $4,836 $21,136
2015 $5,080 $27,708 $4,836 $22,872
2014 $4,760 $25,636 $4,464 $21,172
2013 $5,034 $27,661 $4,464 $23,197
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10462871

Midwest Real Estate Data (MRED)
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