Seller's Agent in 2023
Angelo Labriola
Sperry Van Ness
(708) 307-7529
1 in this area
60 Total Sales
3258 S Emerald Ave Chicago, IL 60616
Bridgeport Neighborhood
12
Beds
7
Baths
--
Sq Ft
4,625
Sq Ft Lot
Highlights
- Forced Air Heating and Cooling System
- Healy Elementary School Rated 9+
- Hot Water Heating System
About This Home
As of July 20232 Buildings totaling 7 units on a large 37' x 125' corner lot. The rear building is a large brick building consisting of 5 units, three 2 Bed/ 1 Bath units and two 1 Bed/1 Bath units. The front building consists of two full-floor units, approximately 1050 SF each floor and has a nice side yard and a rear patio area shared with the rear building. The front building is a frame structure with a remodeled unit with in-unit laundry and central HVAC. The top unit has a long-term tenant with below market rent. The rear building is a large brick building with a large 1,800 SF +/- full-floor unit on the third floor with a long-term tenant in place and way below market rent. It has central air and an open flor plan. Both second-floor units have been remodeled, and the first floor has another long-term tenant in place with below market rent and the second unit has been remodeled as well. A lot of value-add potential with four current long-term tenants with below market rents and 3 units that can be leased as-is or updated to capitalize on higher rents.
Last Agent to Sell the Property
Sperry Van Ness License #475130926 Listed on: 05/08/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,595
Year Built
- Built in 1890
Lot Details
- 4,625 Sq Ft Lot
- Lot Dimensions are 37 x 125
Home Design
- Garden Apartment
- Brick Exterior Construction
- Wood Frame Construction
Interior Spaces
- 3-Story Property
- Unfinished Basement
Bedrooms and Bathrooms
- 12 Bedrooms
- 7 Bathrooms
Utilities
- Forced Air Heating and Cooling System
- Window Unit Cooling System
- Hot Water Heating System
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for electricity, heat
Community Details
Overview
- 7 Units
Building Details
- Insurance Expense $5,500
- Maintenance Expense $750
- Other Expense $5,000
- Operating Expense $28,795
- Gross Income $106,680
- Net Operating Income $80,285
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/28/2023 07/28/23 | Sold | $1,100,000 | 0.0% | -- |
| 05/20/2023 05/20/23 | Pending | -- | -- | -- |
| 05/20/2023 05/20/23 | Off Market | $1,100,000 | -- | -- |
| 05/09/2023 05/09/23 | For Sale | $1,149,000 | -- | -- |
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 | $14,282 | $105,000 | $25,206 | $79,794 |
| 2024 | $14,282 | $105,000 | $25,206 | $79,794 |
| 2023 | $13,923 | $67,693 | $20,350 | $47,343 |
| 2022 | $13,923 | $67,693 | $20,350 | $47,343 |
| 2021 | $17,495 | $87,000 | $20,350 | $66,650 |
| 2020 | $13,225 | $59,365 | $20,350 | $39,015 |
| 2019 | $13,709 | $68,236 | $20,350 | $47,886 |
| 2018 | $13,479 | $68,236 | $20,350 | $47,886 |
| 2017 | $13,560 | $62,993 | $16,187 | $46,806 |
| 2016 | $12,857 | $64,191 | $16,187 | $48,004 |
| 2015 | $11,763 | $64,191 | $16,187 | $48,004 |
| 2014 | $9,970 | $53,734 | $13,875 | $39,859 |
| 2013 | $9,773 | $53,734 | $13,875 | $39,859 |
Source: Public Records
Agents Affiliated with this Home
-
Angelo Labriola
-
Quiping Folino
Buyer's Agent in 2023
Quiping Folino
Concentric Realty Inc.
(312) 446-6904
12 in this area
18 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11778651
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