NOT LISTED FOR SALE
8 Beds
7 Baths
-- Sq Ft
8,090 Sq Ft Lot

Last Sold May 03, 2024

Last sale price $1,330,000

6 Days on Market

About This Home

As of May 2024

The property consists of nine (9) apartment units with off-street parking and common laundry in, Montclare of northwest Chicago. This desirable rental location offers residents convenient access to several retailers along Harlem and Belmont Avenue, close proximity to the Harlem Ivring Plaza and walking distance to Shabbonna Park. The unit mix is comprised of six (6) 1-bedroom and three (3) 2-bedroom units. The units are spacious with well-designed floor plays. The roof and boiler were replaced 2 years ago. There are eight (8) parking spaces at the property and coin laundry is available and is operator owned. This property can be purchased individually or as a portfolio sale with 3145 N. Nordica Avenue, another nine-unit property in close proximity under the same ownership.

Last Agent to Sell the Property

Melissa Morgan

Flats, LLC License #475165598 Listed on: 02/19/2024

Last Buyer's Agent

Melissa Morgan

Flats, LLC License #475165598 Listed on: 02/19/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,920

Year Built

  • Built in 1974

Lot Details

  • 8,090

Parking

  • 6 to 12 Parking Spaces

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Additional Features

  • 3-Story Property
  • 8,090 Sq Ft Lot
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 9 Units

Building Details

  • Electric Expense $607
  • Fuel Expense $5,148
  • Insurance Expense $5,134
  • Maintenance Expense $3,125
  • Other Expense $2,250
  • Trash Expense $1,240
  • Water Sewer Expense $4,315
  • Operating Expense $38,439
  • Gross Income $139,380
  • Net Operating Income $103,941

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,920

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1974
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 7
  • Total Bedrooms: 8
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 1375000

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Heat/Ventilation: Hot Water

Fee Information

  • Trash Expense: 1240
  • Water Sewer Expenses: 4315
  • Janitor Expense: 2700

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 8090
  • Lot Size Sq Ft: 8090

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 2

Multi Family

  • Net Operating Income: 103941
  • Fuel Expense: 5148
  • Insurance Expense: 5134
  • ElectricExpense: 607
  • GrossIncome: 139380
  • Maintenance Expense: 3125
  • NumberOfUnitsTotal: 9
  • OperatingExpense: 38439
  • Expense Year: 2023
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 13920
  • Tax Year: 2022

Range of Values:

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Sold Price
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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 Change Sq Ft Price
05/03/2024 05/03/24 Sold $1,330,000 -3.3% --
02/26/2024 02/26/24 Pending -- -- --
02/19/2024 02/19/24 For Sale $1,375,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11984653

Midwest Real Estate Data (MRED)

APN: 13301090520000