NOT LISTED FOR SALE
6 Beds
3 Baths
-- Sq Ft
1929 Built

Sale Details

Date Sold: February 3, 2025

Last sale price $595,000

46 Days on Market

Highlights

  • Traditional Architecture
  • 2 Car Detached Garage
  • Handicap Shower
  • Lower Floor Utility Room
  • Enclosed Patio or Porch
  • Senior Tax Exemptions

About This Home

As of February 2025

**Stunning Newly Renovated Two-Unit Property in Belmont Cragin, Chicago** Discover this exceptional investment opportunity in the highly desirable Belmont Cragin area of Chicago. This beautifully renovated two-unit property is perfect for both homeowners and investors looking for modern living spaces and excellent financial returns. Highlights of this property include: - **Large, Well-Maintained Traditional Chicago Yellow Brick Building:** Featuring charming octagon-shaped architecture with stone accents, this property has been lovingly cared for by the owner for many years. - **Spacious Units with Elegant Features:** Each floor boasts a large, formal octagon-shaped living room with a decorative fireplace, French doors leading to a formal dining room with ceiling fans and wall accent lights, and beautifully maintained hardwood floors throughout. - **Modern Kitchens and Bathrooms:** Both units offer large eat-in kitchens with plenty of cabin ets, counter space, and included appliances. The modern bathrooms feature elegant vanities, ceramic tiles, and glass shower doors. - **Comfortable Living Spaces:** The first floor has two spacious bedrooms and a heated tandem room with a closet. The second floor also features two spacious bedrooms, and both floors include enclosed porches. - **Income-Generating Garage and Impressive Financials:** The two-car garage is currently leased for extra rental income, and with an Operating Income (NOI) of 58,000 per year, this property promises strong returns on investment. - **Fully Finished Basement:** Offering additional living space with a laundry room, washer/dryer, two bedrooms, a full bath, a summer kitchen, high ceilings, and two formal entrances. - **Recent Upgrades:** The roof was resealed four years ago, windows have been replaced, and the first-floor boiler was replaced in December 2022 (second-floor boiler in 2010). The building also features excellent tuckpointing throughout, 100-amp electric per unit, and newer sidewalks. - **Prime Location:** Close to schools, transportation, plazas, and supermarkets, making it an ideal location for tenants.

Last Agent to Sell the Property

Carlos Alers

Space Finder Inc License #471020318 Listed on: 11/11/2024

Last Buyer's Agent

Ali Bakir

MorphEasy Realty License #471020523

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,129

Year Built

  • Built in 1929

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Traditional Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Lower Floor Utility Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Additional Features

  • Handicap Shower
  • Enclosed Patio or Porch
  • Lot Dimensions are 25 x 125
  • Radiator

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $70,800
  • Net Operating Income $58,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,129

Year Built

Built in 1929

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Year Built: 1929
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Room Type: Enclosed Porch, Utility Room-Lower Level
  • Basement Description: Finished
  • Bathroom Amenities: Accessible Shower
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Heating: Radiator(s)
  • Water Source: Public

Lot Info

  • Lot Dimensions: 25 X 125
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 58000
  • GrossIncome: 70800
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Tax Info

  • Tax Annual Amount: 6129.09
  • Tax Year: 2023
  • Tax Exemptions: Homeowner,Senior

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
Nov 11, 2024
Closed on
Jan 27, 2025
Sold by
Olszewski Delicia and Mendez Rita
Bought by
Seller's Agent
Carlos Alers
Space Finder Inc
Buyer's Agent
Ali Bakir
MorphEasy Realty
List Price
$625,000
Sold Price
$595,000
Premium/Discount to List
-$30,000
-4.8%
Views
70

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$584,223
Outstanding Balance
$574,845
Interest Rate
6.5%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 9, 2009
Sold by
Adamski Stanislaw and Rychlak Adamski Aleksandra
Bought by
Skalon Paula and The 2928 N Mango Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$453,265
Interest Rate
6.37%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 26, 2009
Sold by
Mango Trust
Bought by
Olszewski Delicia and Mendez Rita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$453,265
Interest Rate
6.37%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 12, 2003
Sold by
Adamski Stanislaw
Bought by
Adamski Stanislaw and Rychlak Adamski Aleksandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,400
Interest Rate
7.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 2, 2001
Sold by
Lasalle Bank National Assn
Bought by
Adamski Stanislaw

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
7.23%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 12, 2000
Sold by
Adamski Stanislaw
Bought by
Lasalle Bank National Assn and Trust #126471

Purchase Details

Closed on
Mar 20, 2000
Sold by
Community Svgs Bank
Bought by
Adamski Stanislaw

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,800
Interest Rate
8.24%
Mortgage Type
Commercial
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
$595,000 None Listed On Document
Skalon Paula $271,000 Saturn Title Lls Insurance C
Olszewski Delicia $479,000 First American Title
Adamski Stanislaw -- Multiple
Adamski Stanislaw -- Stewart Title Company
Lasalle Bank National Assn -- --
Adamski Stanislaw $292,000 --
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 $584,223
Previous Owner Olszewski Delicia $453,265
Previous Owner Adamski Stanislaw $326,400
Previous Owner Adamski Stanislaw $265,000
Previous Owner Adamski Stanislaw $262,800
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 Prior Sale
02/03/2025 02/03/25 Sold $595,000 -4.8% --
12/27/2024 12/27/24 Pending -- -- --
11/11/2024 11/11/24 For Sale $625,000 +30.5% --
02/10/2023 02/10/23 Sold $479,000 -2.2% -- View Prior Sale
01/13/2023 01/13/23 Pending -- -- --
12/29/2022 12/29/22 For Sale $489,900 -- --
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 $6,129 $42,000 $11,532 $30,468
2024 $6,129 $42,000 $11,532 $30,468
2023 $5,936 $35,000 $9,300 $25,700
2022 $5,936 $35,000 $9,300 $25,700
2021 $5,836 $35,000 $9,300 $25,700
2020 $4,193 $24,396 $4,650 $19,746
2019 $4,396 $28,042 $4,650 $23,392
2018 $4,320 $28,042 $4,650 $23,392
2017 $5,542 $29,107 $4,092 $25,015
2016 $5,333 $29,107 $4,092 $25,015
2015 $4,856 $29,107 $4,092 $25,015
2014 $4,525 $26,940 $3,720 $23,220
2013 $4,425 $26,940 $3,720 $23,220
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12208136

Midwest Real Estate Data (MRED)
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