NOT LISTED FOR SALE

320 S Leamington Ave Chicago, IL 60644

Austin Neighborhood
12 Beds
6 Baths
-- Sq Ft
1953 Built

Last Sold March 20, 2024

Last sale price $530,000

38 Days on Market

About This Home

As of March 2024

Well maintained 4-unit brick multifamily building in the heart of South Austin! Each unit features two bedrooms and one bathroom, providing comfortable and spacious living for tenants. The kitchens are equipped with modern appliances and ample cabinet space, making meal preparation a breeze. The units also boast large living areas and bedrooms with plenty of natural light, adding to the overall appeal of the property. The building has been updated with new windows and new gutters ensuring that tenants have a comfortable and safe living environment. In addition, enjoy a finished basement w/4 bedrooms and 2 bathrooms, fenced yard and a 2-car garage. With a total of 12 beds and 6 baths, this property is perfect for investors looking to expand their rental portfolio. Whether you're a seasoned investor or just starting out, this property is a great opportunity to own a turnkey investment in a highly sought-after location with easy access to shopping, dining, and transportation.

Last Agent to Sell the Property

Ryan Casper

eXp Realty License #475121977 Listed on: 10/20/2023

eXp Realty

Last Buyer's Agent

Angela Beckham

Kale Realty License #475116989

Kale Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,044

Year Built

  • Built in 1953

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Brick Foundation

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Potential Bedrooms
  • 6 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Radiator
  • Heating System Uses Natural Gas

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $480
  • Fuel Expense $6,000
  • Water Sewer Expense $3,600
  • Gross Income $78,000
  • Net Operating Income $11,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,044

Year Built

Built in 1953

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1953
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 6
  • Total Bedrooms: 12
  • Basement Description: Finished
  • Below Grade Bedrooms: 0

Exterior Features

  • Foundation Details: Brick/Mortar
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Radiator(s)
  • Water Source: Public

Fee Information

  • Water Sewer Expenses: 3600

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 4960SQFT
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 11000
  • Fuel Expense: 6000
  • ElectricExpense: 480
  • GrossIncome: 78000
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 8043.63
  • Tax Year: 2021
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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
03/20/2024 03/20/24 Sold $530,000 -7.8% --
11/28/2023 11/28/23 Pending -- -- --
11/19/2023 11/19/23 Price Changed $574,900 -4.2% --
10/22/2023 10/22/23 Price Changed $599,900 +7.1% --
10/20/2023 10/20/23 For Sale $559,900 -- --
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 $6,564 $43,000 $7,936 $35,064
2024 $6,564 $43,000 $7,936 $35,064
2023 $8,227 $31,112 $6,448 $24,664
2022 $8,227 $40,000 $6,448 $33,552
2021 $8,044 $40,000 $6,448 $33,552
2020 $3,671 $16,477 $6,448 $10,029
2019 $3,805 $18,940 $6,448 $12,492
2018 $3,741 $18,940 $6,448 $12,492
2017 $5,384 $25,011 $5,704 $19,307
2016 $5,009 $25,011 $5,704 $19,307
2015 $4,583 $25,011 $5,704 $19,307
2014 $3,853 $20,768 $5,456 $15,312
2013 $3,777 $20,768 $5,456 $15,312
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11904308

Midwest Real Estate Data (MRED)
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