NOT LISTED FOR SALE
7 Beds
2 Baths
-- Sq Ft
1915 Built

Last Sold December 06, 2024

Last sale price $274,900

71 Days on Market

About This Home

As of December 2024

Turn Key Investor Special in the Woodlawn/Park Manor 60637 area close to the University of Chicago and the Obama Library. This huge brick 2 unit building consist of a 4 bedroom first floor apartment with rear enclosed porch and laundry hook up; and a 3 bedroom second floor apartment with a pantry. Both units were remodeled in 2023 with newer appliances. Units are fully leased out with Section 8 tenants; tenants pay their own electricity and heat. Sit back, collect rent, and earn 10% annual return on your money while watching the area continue to appreciate in value. This property is perfect for the 1st time investor or an out of state investor looking to enter the hot 60637 neighborhood.

Last Agent to Sell the Property

Darvel Desroches

1804 Realty Group LLC License #471019419 Listed on: 08/06/2024

Last Buyer's Agent

Teratineka Thomas

Real People Realty License #475186463

Real People Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,881

Year Built

  • Built in 1915 | Remodeled in 2023

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 2 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Enclosed Patio or Porch
  • Lot Dimensions are 128 x 30

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,144
  • Manager Expense $2,917
  • Water Sewer Expense $1,548
  • Gross Income $36,468
  • Net Operating Income $27,978

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,881

Year Built

Built in 1915 | Remodeled in 2023

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1915
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2023
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2023

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 7
  • Room Type: Enclosed Porch
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Manager Expense: 2917

Fee Information

  • Water Sewer Expenses: 1548

Lot Info

  • Lot Dimensions: 128 X 30
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 27978
  • Insurance Expense: 1144
  • GrossIncome: 36468
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 2881
  • Tax Year: 2023
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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 Prior Sale
12/06/2024 12/06/24 Sold $274,900 0.0% --
10/16/2024 10/16/24 Pending -- -- --
08/06/2024 08/06/24 For Sale $274,900 +61.7% --
12/18/2013 12/18/13 Sold $170,000 -2.9% -- View Prior Sale
12/17/2013 12/17/13 For Sale $175,000 -- --
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 $2,881 $20,387 $4,875 $15,512
2024 $2,881 $20,387 $4,875 $15,512
2023 $2,809 $13,655 $4,875 $8,780
2022 $2,809 $13,655 $4,875 $8,780
2021 $3,217 $16,000 $4,875 $11,125
2020 $3,969 $17,815 $4,875 $12,940
2019 $4,067 $20,245 $4,875 $15,370
2018 $3,999 $20,245 $4,875 $15,370
2017 $4,297 $19,959 $4,290 $15,669
2016 $4,766 $23,793 $4,290 $19,503
2015 $4,360 $23,793 $4,290 $19,503
2014 $4,202 $22,648 $3,510 $19,138
2013 $4,119 $22,648 $3,510 $19,138
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12130777

Midwest Real Estate Data (MRED)