NOT LISTED FOR SALE

Estimated Value: $2,506,898 - $2,845,000

9 Beds
7 Baths
2,100 Sq Ft
$1,266/Sq Ft Est. Value

Sale Details

Date Sold: July 2, 2024

Last sale price $2,100,000 $1,000 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $16,631 / mo

31 Days on Market

About This Home

As of July 2024

This is a massive commercial grade mixed-use building constructed in 1999. Located in the heart of Lakeview, this property is truly turnkey and never lacking for prospective tenants. Perfect for an owner operator who can utilize the 2400 SQFT commercial space and is looking for substantial income from the three identical layout 3 bed 2 bath units above or the property can perform on its own as a straight-ahead investment asset. All three apartments are condo quality 2100 SQFT units. The residential units have in-unit laundry, stainless steel appliances, high volume ceilings; multiple outdoor spaces and hardwood floors throughout that ensure they yield top of market rents. This property has 3 parking spaces.

Last Agent to Sell the Property

Jack Doyle

Essex 312, LLC License #475190497 Listed on: 03/15/2024

Last Buyer's Agent

Stephen Hnatow

Keller Williams ONEChicago License #475123863

Keller Williams ONEChicago
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $33,375

Year Built

  • Built in 2000

Lot Details

  • Lot Dimensions are 25x125

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 7 Bathrooms
  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Parking

  • 3 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $1,080
  • Insurance Expense $3,441
  • Trash Expense $2,640
  • Water Sewer Expense $3,852
  • Gross Income $204,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$33,375

Year Built

Built in 2000

Lot Details

3,136 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 2000
  • Age: 21-25 Years
  • Built Before 1978 (Y/N): No
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • 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: None
  • Total Bathrooms: 7
  • Total Bedrooms: 9
  • Basement Description: None
  • Bathroom Amenities: Whirlpool,Separate Shower,Double Sink,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick,Block,Stone

Garage/Parking

  • Parking Features: Off Alley
  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Fee Information

  • Trash Expense: 2640
  • Water Sewer Expenses: 3852
  • Trash Expense Year: 2023

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X125
  • Zoning: COMMR
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • Insurance Expense: 3441
  • ElectricExpense: 1080
  • GrossIncome: 204600
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 33375.37
  • Tax Year: 2022

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
Mar 15, 2024
Closed on
Jun 24, 2024
Sold by
Rhb Properties Llc
Bought by
Seller's Agent
Jack Doyle
Essex 312, LLC
Buyer's Agent
Stephen Hnatow
Keller Williams ONEChicago
List Price
$2,100,000
Sold Price
$2,100,000
Views
18
Current Estimated Value
$2,497,494

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$397,494
Avg. Annual Appreciation
11.35%
Original Mortgage
$1,349,000
Outstanding Balance
$1,320,282
Interest Rate
6.94%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,337,351

Purchase Details

Closed on
Aug 31, 2015
Sold by
3316 Halsted Llc
Bought by
Rhb Properties Llc

Purchase Details

Closed on
May 12, 2010
Sold by
Halsted Street Holding Corp
Bought by
3316 Halsted Llc

Purchase Details

Closed on
Nov 5, 1999
Sold by
Kensington Holding Corp
Bought by
Halsted Street Holding Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,000
Interest Rate
7.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 20, 1998
Sold by
Lasalle National Bank
Bought by
Kensington Holding Corp
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$2,100,000 Chicago Title
Rhb Properties Llc $1,837,000 Attorney
3316 Halsted Llc $1,682,500 Cti
Halsted Street Holding Corp $349,500 Stewart Title
Kensington Holding Corp $266,500 --
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 $1,349,000
Previous Owner Halsted Street Holding Corp $765,000
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
07/02/2024 07/02/24 Sold $2,100,000 0.0% $1,000 / Sq Ft
04/16/2024 04/16/24 Pending -- -- --
03/15/2024 03/15/24 For Sale $2,100,000 0.0% $1,000 / Sq Ft
07/12/2016 07/12/16 Rented $3,600 0.0% --
06/30/2016 06/30/16 For Rent $3,600 -- --
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 $34,214 $207,000 $58,125 $148,875
2024 $34,214 $207,000 $58,125 $148,875
2023 $33,375 $150,699 $46,875 $103,824
2022 $33,375 $150,699 $46,875 $103,824
2021 $38,028 $175,000 $46,875 $128,125
2020 $36,262 $150,980 $20,000 $130,980
2019 $36,277 $167,756 $20,000 $147,756
2018 $35,706 $167,756 $20,000 $147,756
2017 $26,559 $115,060 $17,500 $97,560
2016 $24,658 $115,060 $17,500 $97,560
2015 $22,610 $115,060 $17,500 $97,560
2014 $17,192 $85,875 $14,375 $71,500
2013 $28,718 $146,173 $14,375 $131,798
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12005366

Midwest Real Estate Data (MRED)

APN: 14-20-420-044-0000

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