NOT LISTED FOR SALE
10 Beds
6 Baths
8,679 Sq Ft
1923 Built

Last Sold September 25, 2024

Last sale price $730,000 $84 Per Sq Ft

26 Days on Market

Highlights

  • Skylights
  • Laundry Room
  • Hot Water Heating System

About This Home

As of September 2024

Discover a fantastic investment opportunity with this yellow brick 6-unit building in Belmont Cragin, Chicago. Four spacious units feature 2 bedrooms, a kitchen, living room, dining room, sunroom, and porch. The other two units offer 1 bedroom, a kitchen, and living room. Each unit pays for their electricity and cooking gas. Landlord pays for all other fees. Parking is ample with space for up to 6 tandem cars plus a garage for 2 additional vehicles. This property is being sold as-is with no seller representations. With significant median rents in the area, the potential for return is excellent. Don't miss out on this gem in a prime location!

Last Agent to Sell the Property

Jorge Vega

New Avenue Realty LLC License #471019078 Listed on: 05/31/2024

Last Buyer's Agent

Erick Matos

Realty of America, LLC License #475154198

Realty of America, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,702

Year Built

  • Built in 1923

Parking

  • 6 to 12 Parking Spaces

Home Design

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

Interior Spaces

  • 2-Story Property
  • Skylights
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Basement

  • Exterior Basement Entry
  • Basement Storage

Utilities

  • No Cooling
  • Radiator
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $4,800
  • Fuel Expense $7,200
  • Trash Expense $2,640
  • Water Sewer Expense $6,264
  • Operating Expense $20,904
  • Gross Income $23,400
  • Net Operating Income $2,496

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,702

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 2
  • Year Built: 1923
  • Built Before 1978 (Y/N): Yes
  • Information: Exclusions-Call List Office,List Broker Must Accompany,Other-See Remarks
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 10
  • Basement Description: Storage Space
  • Misc Inside: Inside Corridor/s,Skylight/s,Laundry Room
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: 6-12 Spaces
  • Indoor Parking: 1-5 Spaces

Utilities

  • Cooling: None
  • Electric: Circuit Breakers
  • Heat/Ventilation: Hot Water,Radiators

Fee Information

  • Trash Expense: 2640
  • Water Sewer Expenses: 6264
  • Operating Expense Includes: Fuel,Trash,Water/Sewer,Electricity

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: BUYER TO VERIFY
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Other
  • Board Number: 8

Multi Family

  • Net Operating Income: 2496
  • Fuel Expense: 7200
  • ElectricExpense: 4800
  • GrossIncome: 23400
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 20904
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 10702
  • Tax Year: 2022
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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
09/25/2024 09/25/24 Sold $730,000 +0.7% $84 / Sq Ft
06/28/2024 06/28/24 Pending -- -- --
06/01/2024 06/01/24 For Sale $725,000 -- $84 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $10,978 $89,000 $23,064 $65,936
2024 $10,978 $89,000 $23,064 $65,936
2023 $10,702 $52,000 $18,600 $33,400
2022 $10,702 $52,000 $18,600 $33,400
2021 $10,463 $52,000 $18,600 $33,400
2020 $11,611 $52,089 $10,788 $41,301
2019 $8,843 $60,569 $10,788 $49,781
2018 $8,709 $60,569 $10,788 $49,781
2017 $9,325 $69,088 $9,672 $59,416
2016 $9,599 $69,088 $9,672 $59,416
2015 $9,225 $69,088 $9,672 $59,416
2014 $9,147 $54,943 $8,928 $46,015
2013 $9,180 $54,943 $8,928 $46,015
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12071540

Midwest Real Estate Data (MRED)

APN: 13271150230000