NOT LISTED FOR SALE

3039 N Harlem Ave Chicago, IL 60634

Montclare Neighborhood
8 Beds
7 Baths
-- Sq Ft
8,090 Sq Ft Lot

Sale Details

Date Sold: May 3, 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

8,090 Sq Ft Lot

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
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Heat/Ventilation: Hot Water

Fee Information

  • Trash Expense: 1240
  • Water Sewer Expenses: 4315

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
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 13920
  • Tax Year: 2022

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
Feb 19, 2024
Closed on
May 1, 2024
Sold by
Bought by
Seller's Agent
Melissa Morgan
Flats, LLC
Buyer's Agent
Melissa Morgan
Flats, LLC
List Price
$1,375,000
Sold Price
$1,330,000
Premium/Discount to List
-$45,000
-3.27%
Views
43

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
0.0466%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2009
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$1,330,000 Fidelity National Title
-- None Available
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 $450,000
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
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

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 $14,280 $71,100 $25,079 $46,021
2024 $14,280 $71,100 $25,079 $46,021
2023 $13,921 $67,681 $14,562 $53,119
2022 $13,921 $67,681 $14,562 $53,119
2021 $13,610 $67,680 $14,562 $53,118
2020 $12,780 $57,370 $14,562 $42,808
2019 $11,526 $57,370 $14,562 $42,808
2018 $11,332 $57,370 $14,562 $42,808
2017 $11,035 $51,262 $12,741 $38,521
2016 $10,267 $51,262 $12,741 $38,521
2015 $11,043 $60,264 $12,741 $47,523
2014 $10,347 $55,766 $12,741 $43,025
2013 $9,928 $55,766 $12,741 $43,025
Source: Public Records

Agents Affiliated with this Home

  • Melissa Morgan

    Seller's Agent in 2024

    Melissa Morgan

    Flats, LLC

    (847) 456-1206

    2 in this area

    29 Total Sales

    Melissa Morgan
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11984653

Midwest Real Estate Data (MRED)

APN: 13301090520000

Illinois Cook County Chicago 60634 Montclare

3039 N Harlem Ave, Chicago, IL

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) 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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