$389,000
SOLD JUN 26, 2018
9 Beds
4 Baths
2,560 Sq Ft
1885 Built

Recently Sold

$152 Per Sq Ft

68 Days on Market

Highlights

  • Fenced Yard
  • Forced Air Heating System
  • Paved or Partially Paved Lot
  • 2 Car Detached Garage
  • Ceiling Fan
  • 5-minute walk to John P. Wilson Park

About This Home

As of April 2024

Legally zoned 4-Unit Investment Opportunity in highly desirable Bridgeport! Home of the White Sox's - walk to the games! Front and Rear Construction with 2-Units Front and 2-Units in Rear. Front, Side and Rear entrances. Unit 2R (seller's unit) is duplex-up to attic. Seller is relocating and would like to liquidate asset. Property is located in excellent location within minutes to CTA, Orange Red and Green L Train, Metra, 31st Bus and I55. Also, steps to Groceries and dining. (Cermak Produce, Walgreens, CVS, Bridgeport Coffee and Maria's Wine). Each unit has two bedrooms and one bathroom in moderate condition. Total annual income is $24,600; however, rents start at $1150/mo in area - (see MLS 09607304 - for address: 1015 W 31st Pl Unit 1R, Chicago, IL 60608 which rented in April 2017). Update and increase cap rate. Gross Income: $24,600 Gross Exp: $5562.36 NOI: $19,037.64 CAP: 4.8 GRM: 16.6. Tons of potential for the SAVVY Investor who knows the growth in the AREA.

Last Agent to Sell the Property

Karla Mina

MPower Residential Brokerage LLC License #471006190 Listed on: 03/15/2018

Last Buyer's Agent

Charlie Shields

Second City Real Estate License #475175348

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,575

Year Built

  • Built in 1885

Lot Details

  • Lot Dimensions are 25x125
  • Fenced Yard
  • Paved or Partially Paved Lot

Parking

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

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 4 Bathrooms

Schools

  • Armour Elementary School
  • Tilden Achievement Academy High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $18,438
  • Net Operating Income $18,438

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,575

Year Built

Built in 1885

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Other
  • New Construction: No
  • Year Built: 1885
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 9
  • Other Equipment: CO Detectors, Ceiling Fan(s)
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove
  • Room: 4

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 389000
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • 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, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Fee Information

  • Other Expenses $: 5562

Schools

  • Elementary School: ARMOUR ELEMENTARY SCHOOL
  • High School: TILDEN ACHIEVEMENT ACADEMY HIGH
  • Middle/Junior School: ARMOUR ELEMENTARY SCHOOL
  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat,Water

Multi Family

  • Net Operating Income: 18438
  • GrossIncome: 18438
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 4574.73
  • Tax Year: 2016
  • Tax Exemptions: Homeowner

Similar Homes in Chicago, IL

  • 5743 S Emerald Ave, Chicago, IL 60621

    $329,900

    • 7 Beds
    • 4 Baths
    • 5743 S Emerald Ave
    • Chicago, IL

    Incredible investment property featuring 2 units fully rehabbed. Property offers not just a home but a wise investment for your future!. Highlights include new furnaces for each unit, new water heaters , new kitchen cabinets and appliances, remodeled bathrooms, new floors, new porch and new roof. It presents occupant/investor with the opportunity to take hold of a turnkey asset that has been

    Bill Eliopoulos Cosmos Realty Investors, Inc.

    Section Image
  • 6331 S Throop St, Chicago, IL 60636

    $479,000

    • 9 Beds
    • 6 Baths
    • 6331 S Throop St
    • Chicago, IL

    Well-maintained 4-unit building with all units recently updated. Great opportunity to live in one unit and rent the others, or add to your investment portfolio. Exterior improvements include new windows and some tuckpointing. Each unit features updated kitchens with granite countertops, hardwood floors, new doors and trim, and modern bathrooms with ceramic tile. Freshly painted throughout. A

    David Hernandez Coldwell Banker Realty

    Section Image
  • 2849 S Kolin Ave, Chicago, IL 60623

    $340,000

    • 7 Beds
    • 2 Baths
    • 2849 S Kolin Ave
    • Chicago, IL

    2 flat located in the heart of Little Village. 5 minutes from Shopping area, park and restaurants. Roof, Furnace on 1st floor and 2nd floor all installed in 2019 A/C 2020 Water tank on 2nd floor 2024. The attic has one bedroom, and planty of storage,' Only Stove and Refrigerator on first floor stay.

    George Medina Realty of America

    Section Image
  • 6932 S Green St, Chicago, IL 60621

    $429,900

    • 7 Beds
    • 2 Baths
    • 6932 S Green St
    • Chicago, IL

    Welcome to this beautifully updated multi-unit property in the heart of Englewood. Fully renovated in 2020, this home features gleaming hardwood floors throughout, updated kitchens, modern baths, and thoughtful finishes that blend comfort with style. Each unit offers spacious layouts filled with natural light, while the unfinished basement is a blank canvas with a roughed-in bathroom, perfect

    LaToya Moore Baird & Warner

    Section Image
  • 4251 W Jackson Blvd, Chicago, IL 60624

    $415,000

    • 7 Beds
    • 2 Baths
    • 4251 W Jackson Blvd
    • Chicago, IL

    Welcome to Jackson. This solid brick 2-unit building features two spacious units - perfect for investors or multigenerational living. The first-floor unit offers 3 bedrooms and 1 full bath, currently leased to a reliable tenant. The second-floor unit, previously owner-occupied, boasts 4 bedrooms and 1 full bath with generous living space and natural light. Both units feature separate utilities

    Sohe Reyes Smart Home Realty

    Section Image
  • 8234 S Ingleside Ave, Chicago, IL 60619

    $475,000

    • 9 Beds
    • 6 Baths
    • 8234 S Ingleside Ave
    • Chicago, IL

    Where else in Chicago are you going to be able to live in a 3BR/2BA condo apartment, own a beautifully maintained building, and based off current interest rates, taxes and insurance pay an effective net mortgage of a thousand a month???? ( with 3 percent down and lender approved credit) Possibly nowhere but here at 8234 S Ingleside. This immaculately maintained building offers THREE 3BR/2BA

    John Wright Keller Williams Premiere Properties

    Section Image
  • 1044 W 34th Place, Chicago, IL 60608

    $399,999

    • 8 Beds
    • 4 Baths
    • 1044 W 34th Place
    • Chicago, IL

    This charming brick building presents a prime investment opportunity in the thriving Bridgeport area. What was once a 4-unit building has been completely gutted, providing you with a clean slate to bring your renovation ideas to life. Excellent location nearby expressways and a hop away from downtown. Don't miss out on this opportunity! Sold as-is.

    Ruby Park Coldwell Banker Realty

    Section Image
  • 2631 S Shields Ave, Chicago, IL 60616

    $448,800

    • 8 Beds
    • 4 Baths
    • 2631 S Shields Ave
    • Chicago, IL

    Prime Armour Square - Fully Rented Legal 4-Flat. Exceptional investment opportunity in the heart of Armour Square! Fully rented legal 4-unit building located just steps from Chinatown and one block from James Ward Elementary School. All units are separately metered with tenants paying their own utilities. Fenced backyard offers two parking spaces. Outstanding location with easy access to major

    Michael Ng Mango Realty Group

    Section Image
  • 520 W 44th Place, Chicago, IL 60609

    $450,000

    • 7 Beds
    • 4 Baths
    • 520 W 44th Place
    • Chicago, IL

    Income producing 4 unit property. 3 units are currently rented and one duplex (2ff) is available for new home owner/investor or tenant. Come view this investment opportunity before it is Gone! New Back Porch

    Nicholas Clancy Chicagoland Brokers, Inc.

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
04/30/2024 04/30/24 Sold $579,000 0.0% $226 / Sq Ft
03/25/2024 03/25/24 Pending -- -- --
03/19/2024 03/19/24 For Sale $579,000 +48.8% $226 / Sq Ft
06/26/2018 06/26/18 Sold $389,000 0.0% $152 / Sq Ft
05/22/2018 05/22/18 Pending -- -- --
04/18/2018 04/18/18 For Sale $389,000 0.0% $152 / Sq Ft
03/24/2018 03/24/18 Pending -- -- --
03/15/2018 03/15/18 For Sale $389,000 -- $152 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09885501

Midwest Real Estate Data (MRED)

APN: 17322170050000