NOT LISTED FOR SALE

3032 W 55th St Chicago, IL 60632

Gage Park Neighborhood
12 Beds
12 Baths
-- Sq Ft
1928 Built

Last Sold August 26, 2020

Last sale price $700,000

8 Days on Market

About This Home

As of August 2020

WOW, IMPRESSIVE YELLOW CLASSIC BRICK COURT YARD BUILDING WITH EXCELLENT CURB APPEAL. LONG TIME OWNER HAS KEPT UP WITH THIS BUILDING. REGISTERED 12 UNIT WITH TENANTS PAYING THEIR OWN FORCE HEAT AND ELECTRIC. TEAR OFF ROOF DONE ON 2012, MOST OF THE WINDOWS WERE REPLACED SINCE 2012, SOME APARTMENTS HAD BEEN REMODELED THROUGH THE YEARS. PARKING IN REAR PLUS BIG BACK YARD FOR ADDITIONAL PARKING?, BUILDING HAS LONG TERM TENANTS AND RENTS ARE LOW.

Last Agent to Sell the Property

Alma Meza

Classic Realty Group Prestige License #471017526 Listed on: 06/26/2020

Co-Listed By

Nadia Meza

Classic Realty Group Prestige License #475183657

Last Buyer's Agent

Mireya Rogoz-Bedore

Village Realty, Inc. License #475128092

Village Realty, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • 1928

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Additional Features

  • Unfinished Basement

Community Details

  • Fuel Expense $3,000
  • Insurance Expense $3,500

Listing and Financial Details

  • Tenant pays for electric, heat
  • $10,000 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1928

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Individual
  • Potential Use: Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2007
  • Net Oper Income: 50000
  • Outdoor Parking: 1-5 Spaces
  • Roof Coverings: Shingle Composition
  • Scavenger Expense: 1200
  • Total Annual Exp: 19300
  • Total Annual Income: 70000
  • Total Monthly Income: 5810
  • Number Of Stories: 2
  • Estimated Year Built: 1928
  • Type Multi Family: Courtyard
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1928

Interior Features

  • Basement: Unfinished

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Heatventilation: Forced Air, Gas, Separate Per Unit
  • Water Expense: 1200

Condo/Co-op/Association

  • Units in Building: 12

Fee Information

  • Electricity Expense: 1000
  • Electrical Service: Circuit Breakers

Lot Info

  • Lot Dimensions: 82 X 125
  • Lot Sq Ft: 10250
  • Land Amenities: Sidewalks, Cable Ready
  • Parcel Identification Number: 19123270290000

Rental Info

  • Gross Rental Income: 70000
  • Tenant Pays: Electric, Heat

Multi Family

  • Fuel Expense: 3000
  • Insurance Expense: 3500
  • Number Of Dryers: 2
  • Number Of Washers: 2

Tax Info

  • Taxes: 9400
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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
08/26/2020 08/26/20 Sold $700,000 -12.5% --
07/04/2020 07/04/20 Pending -- -- --
06/26/2020 06/26/20 For Sale $800,000 -- --
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 $15,707 $80,601 $10,763 $69,838
2024 $15,707 $80,601 $10,763 $69,838
2023 $15,312 $74,445 $9,225 $65,220
2022 $15,312 $74,445 $9,225 $65,220
2021 $14,970 $74,445 $9,225 $65,220
2020 $8,291 $37,219 $9,225 $27,994
2019 $7,478 $37,219 $9,225 $27,994
2018 $7,352 $37,219 $9,225 $27,994
2017 $7,798 $36,222 $8,456 $27,766
2016 $7,255 $36,222 $8,456 $27,766
2015 $6,638 $36,222 $8,456 $27,766
2014 $6,756 $36,415 $8,456 $27,959
2013 $6,623 $36,415 $8,456 $27,959
Source: Public Records

Agents Affiliated with this Home

  • Alma Meza

    Seller's Agent in 2020

    Alma Meza

    Classic Realty Group Prestige

    (773) 491-8106

    46 Total Sales

    Alma Meza
    Section Image
  • Nadia Meza

    Seller Co-Listing Agent in 2020

    Nadia Meza

    Classic Realty Group Prestige

    (708) 296-2955

    45 Total Sales

    Nadia Meza
    Section Image
  • Mireya Rogoz-Bedore

    Buyer's Agent in 2020

    Mireya Rogoz-Bedore

    Village Realty, Inc.

    (708) 837-4304

    1 in this area

    115 Total Sales

    Mireya Rogoz-Bedore
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10761510

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60629 Gage Park

3032 W 55th St, Chicago, IL

Not Listed for Sale

MultiFamily

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.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID

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