NOT LISTED FOR SALE

3324 W Belle Plaine Ave Chicago, IL 60618

Albany Park Neighborhood

Estimated Value: $711,579 - $878,000

6 Beds
3 Baths
-- Sq Ft
3,703 Sq Ft Lot

Last Sold April 12, 2016

Last sale price $490,000

Est. 61% increase in value since last sale

Current estimated payment $5,043/month

12 Days on Market

Highlights

  • Deck
  • 2 Car Detached Garage
  • Forced Air Heating System

About This Home

As of April 2016

Great Opportunity for owners and investors. Recent Renovation Turn-key 3 Flat in hot Independence Park neighborhood. Modern Reconfiguration with open floor for all units. Spacious Owner's Unit with den and additional storage space. Quaint Back Yard with Brand New Garage. Long term tenants pay under market rents.

Last Agent to Sell the Property

Christopher Norton

Compass License #475155353 Listed on: 02/10/2016

Compass

Co-Listed By

Nicholas Apostal

Keller Williams ONEChicago License #471017557

Last Buyer's Agent

Seth Captain

Captain Realty LLC License #471005389

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,879

Year Built

  • Built in 1915

Lot Details

  • 3,703

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Deck
  • Lot Dimensions are 30x125

Community Details

  • 3 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,879

Year Built

Built in 1915

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1915
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner

Exterior Features

  • ExteriorFeatures: Deck
  • Foundation Details: Brick/Mortar
  • List Price: 515000
  • Roof: Flat
  • 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

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 30X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 5879
  • Tax Year: 2014
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2016
Closed on
Apr 12, 2016
Sold by
Salagean Gheorghe and Salagean Pamela T
Bought by
Bushemi Bryan A and Bushemi Diane G
Seller's Agent
Christopher Norton
Compass
Buyer's Agent
Seth Captain
Captain Realty LLC
List Price
$515,000
Sold Price
$490,000
Premium/Discount to List
-$25,000
-4.85%
Current Estimated Value
$787,145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,145
Avg. Annual Appreciation
4.61%
Original Mortgage
$471,250
Outstanding Balance
$380,003
Interest Rate
3.73%
Mortgage Type
Commercial
Estimated Equity
$368,803

Purchase Details

Closed on
Feb 14, 2007
Sold by
Mociran Mihai and Mociran Viorica
Bought by
Salagean Gheorghe and Salagean Pamela T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
6.31%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 1, 2006
Sold by
Mociran Mihai and Mociran Viorica
Bought by
Mociran Mihai and Mociran Viorica

Purchase Details

Closed on
Dec 30, 2005
Sold by
North Star Trust Co
Bought by
Mociran Mihai and Mociran Vicrica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 28, 2005
Sold by
Deutsche Bank National Trust Co
Bought by
North Star Co and Trust #05-8342

Purchase Details

Closed on
Feb 10, 2005
Sold by
Lewandowski Edward and Lewandoski Edward L
Bought by
Deutsche Bank National Trust Co and Indymac Bank Fsb

Purchase Details

Closed on
Dec 2, 2003
Sold by
Lewandowski Edward and Lewandowski Caroline
Bought by
Avenue Ortiz Juan and 3324 West Belle Plaine Avenue Residentia

Purchase Details

Closed on
May 1, 2002
Sold by
Lewandowski John
Bought by
Lewandowski Edward and Lewandowski Caroline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
8.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 24, 2001
Sold by
Lewandowski Edward J
Bought by
Lewandowski Edward L and Lewandowski John M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
6.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 21, 1993
Sold by
Lewandowski Edward J
Bought by
Lewandowski Edward J and Lewandowski John M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.31%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Bushemi Bryan A $490,000 Chicago Title
Salagean Gheorghe -- Success Title Services Inc
Mociran Mihai -- None Available
Mociran Mihai $350,000 Multiple
North Star Co $340,000 First American Title
Deutsche Bank National Trust Co -- --
Avenue Ortiz Juan -- --
Lewandowski Edward -- Stewart Title
Lewandowski Edward L -- Lakeshoer Title Agency
Lewandowski Edward J -- Community Title Ins Agency
Lewandowski Edward J -- Community Title Ins Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bushemi Bryan A $471,250
Closed Bushemi Bryan A $471,250
Previous Owner Salagean Gheorghe $300,250
Previous Owner Salagean Gheorghe $309,100
Previous Owner Salagean Gheorghe $312,000
Previous Owner Mociran Mihai $250,000
Previous Owner Lewandowski Edward $306,000
Previous Owner Lewandowski Edward $276,250
Previous Owner Lewandowski Edward L $3,500
Previous Owner Lewandowski Edward L $250,750
Previous Owner Lewandowski Edward L $195,000
Previous Owner Lewandowski Edward L $156,000
Previous Owner Lewandowski Edward J $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2016 04/12/16 Sold $490,000 -4.9% --
02/22/2016 02/22/16 Pending -- -- --
02/10/2016 02/10/16 For Sale $515,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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
2024 -- $51,000 $23,064 $27,936
2023 -- $42,000 $18,600 $23,400
2022 $0 $42,000 $18,600 $23,400
2021 $4,977 $42,000 $18,600 $23,400
2020 $6,269 $40,694 $8,184 $32,510
2019 $0 $46,244 $8,184 $38,060
2018 $0 $46,244 $8,184 $38,060
2017 $0 $36,715 $7,440 $29,275
2016 $3,448 $36,715 $7,440 $29,275
2015 $6,269 $36,715 $7,440 $29,275
2014 $5,879 $34,139 $6,696 $27,443
2013 $5,752 $34,139 $6,696 $27,443
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09135951

Midwest Real Estate Data (MRED)

APN: 13-14-422-033-0000