Seller's Agent in 2023
Angelo Labriola
Sperry Van Ness
(708) 307-7529
1 in this area
55 Total Sales
3258 S Emerald Ave Chicago, IL 60616
Bridgeport Neighborhood
12
Beds
7
Baths
--
Sq Ft
4,625
Sq Ft Lot
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
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
May 8, 2023
Closed on
Jul 26, 2023
Sold by
Bought by
Seller's Agent
Angelo Labriola
Sperry Van Ness
Buyer's Agent
Quiping Folino
Concentric Realty Inc.
List Price
$1,149,000
Sold Price
$1,100,000
Premium/Discount to List
-$49,000
-4.26%
Views
36
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
0.0603%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 22, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
0.03%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 21, 2017
Sold by
Bought by
Purchase Details
Closed on
May 11, 2016
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,500
Interest Rate
0.0348%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 9, 1998
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $1,100,000 | None Listed On Document | ||
| $825,000 | Attorney | ||
| -- | Attorneys Title Guaranty Fun | ||
| $355,000 | Chicago Title | ||
| $160,000 | Professional National Title |
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 | $750,000 | ||
| Previous Owner | $575,000 | ||
| Previous Owner | $248,500 |
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 |
|---|---|---|---|---|
| 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
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 | $14,282 | $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
10 in this area
17 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11778651
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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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