Seller's Agent in 2022
Andy Yuen
Fulton Grace
(312) 504-3036
1 in this area
7 Total Sales
2926 S Wallace St Chicago, IL 60616
Bridgeport Neighborhood
12
Beds
6
Baths
5,400
Sq Ft
1890
Built
About This Home
As of March 2022Rare opportunity for a brick 6 unit building with room to improve pro forma rents. Each unit is a 2 bedroom and 1 bath. Rents currently underperforming because of long term tenants but new owner could add large amounts of value in a strong rental neighborhood. Currently the building grosses over $61,000 of rental income. 2 car brick garage creating additional income. All appliances stay with building. Tuckpointing and new roof are only 4 years old. Full unfinished basement for additional value. Healy District and close to shopping, public transportation and expressways makes this a very easy building to rent out.
Last Agent to Sell the Property
Fulton Grace Realty License #475177261 Listed on: 09/30/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,269
Year Built
- Built in 1890
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Bathrooms
Additional Features
- 3-Story Property
- Lot Dimensions are 25x125
- Radiator
Listing and Financial Details
- Tenant pays for electricity, heat
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $168
- Insurance Expense $3,106
- Trash Expense $1,248
- Water Sewer Expense $3,072
- Operating Expense $7,594
- Gross Income $61,200
- Net Operating Income $41,337
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 30, 2021
Closed on
Feb 25, 2022
Sold by
Bought by
Seller's Agent
Andy Yuen
Fulton Grace Realty
Buyer's Agent
Mitir Patel
Essex 312, LLC
List Price
$749,900
Sold Price
$670,000
Premium/Discount to List
-$79,900
-10.65%
Purchase Details
Closed on
Apr 6, 2016
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $670,000 | -- | ||
| -- | None Available |
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 |
|---|---|---|---|---|
| 03/16/2022 03/16/22 | Sold | $670,000 | -10.7% | $124 / Sq Ft |
| 01/13/2022 01/13/22 | Pending | -- | -- | -- |
| 10/01/2021 10/01/21 | For Sale | $749,900 | -- | $139 / 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 | $11,676 | $73,001 | $17,713 | $55,288 |
| 2024 | $11,676 | $77,001 | $17,713 | $59,288 |
| 2023 | $12,341 | $55,340 | $14,300 | $41,040 |
| 2022 | $12,341 | $60,000 | $14,300 | $45,700 |
| 2021 | $12,065 | $60,000 | $14,300 | $45,700 |
| 2020 | $12,270 | $55,078 | $14,300 | $40,778 |
| 2019 | $13,397 | $66,680 | $14,300 | $52,380 |
| 2018 | $13,172 | $66,680 | $14,300 | $52,380 |
| 2017 | $9,609 | $44,639 | $11,375 | $33,264 |
| 2016 | $9,689 | $48,375 | $11,375 | $37,000 |
| 2015 | $8,865 | $48,375 | $11,375 | $37,000 |
| 2014 | $7,869 | $42,410 | $9,750 | $32,660 |
| 2013 | $7,713 | $42,410 | $9,750 | $32,660 |
Source: Public Records
Agents Affiliated with this Home
-
Andy Yuen
-
Mitir Patel
Buyer's Agent in 2022
Mitir Patel
Essex 312, LLC
(773) 209-4785
1 in this area
99 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11234757
APN: 17283210300000
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.
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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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