NOT LISTED FOR SALE
13 Beds
8 Baths
5,432 Sq Ft
1890 Built

Last Sold November 09, 2021

Last sale price $760,000 $140 Per Sq Ft

13 Days on Market

About This Home

As of November 2021

Well-maintained, all-brick 8-unit suite on a 48x125 double lot on the desirable Morgan St. Zoned B1-2. 5 units are 2 bed/1 bath, & 3 units are 1 bed/1 bath. Separate utilities. Tenants pay for gas, heat, & electric. Spacious backyard. Unfinished basement is open to your ideas. Below-market rents. Current rents are $61,200. Value-added opportunity. Close to Art Center & gallery, pubs, coffee shops, restaurants, & public transportation Bus #31/8. Easy access to I-55/90/94, downtown, IIT, UIC, Lakefront, & Chinatown.

Last Agent to Sell the Property

Qizhong Guan

Century 21 S.G.R., Inc. Listed on: 08/10/2021

Last Buyer's Agent

Petros Kyvelos

Teva Realty License #475149105

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,872

Year Built

  • Built in 1890

Lot Details

  • Lot Dimensions are 48 x 125
  • Additional Parcels

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 8 Bathrooms

Additional Features

  • 2-Story Property
  • Heating System Uses Gas
  • Unfinished Basement

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat, hot water

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $180
  • Insurance Expense $3,091
  • Trash Expense $2,500
  • Water Sewer Expense $2,500
  • Operating Expense $8,271
  • Gross Income $61,200
  • Net Operating Income $8,271

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,872

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1890
  • Built Before 1978 (Y/N): Yes
  • Information: Show-Courtesy Key
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 13
  • Basement Description: Unfinished
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 789999
  • Exterior Building Type: Brick

Garage/Parking

  • Indoor Parking: 1-5 Spaces

Utilities

  • Heat/Ventilation: Gas

Fee Information

  • Trash Expense: 2500
  • Water Sewer Expenses: 2500
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 48 X 125
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
  • Board Number: 8

Multi Family

  • Net Operating Income: 8271
  • Insurance Expense: 3091
  • ElectricExpense: 180
  • GrossIncome: 61200
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 8271
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 5871.66
  • Tax Year: 2019

Range of Values:

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List Price
Sold Price
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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 Change Sq Ft Price
11/09/2021 11/09/21 Sold $760,000 -3.8% $140 / Sq Ft
08/24/2021 08/24/21 Pending -- -- --
08/10/2021 08/10/21 For Sale $789,999 -- $145 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11185515

Midwest Real Estate Data (MRED)

APN: 17322171680000