NOT LISTED FOR SALE

3327 S Archer Ave Chicago, IL 60608

McKinley Park Neighborhood

Estimated Value: $640,368 - $837,000

8 Beds
5 Baths
7,644 Sq Ft
$96/Sq Ft Est. Value

Last Sold December 13, 2023

Last sale price $588,000 $77 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,670/month

Highlights

  • 0.14 Acre Lot
  • Corner Lot
  • Hot Water Heating System
  • Property is near public transit
  • Forced Air Heating and Cooling System

About This Home

As of December 2023

Amazing opportunity for developer or investor in prime McKinley Park location! Partially rehabbed brick & frame corner mixed use building with 5 apartments, approximately 1100 sf storefront with 12-foot ceilings that used to be a bar, 2.5 car brick/block garage & additional side lot. Rear building has been completely remodeled with newer siding & two 2 Bed/1 Bath units with central air, new white kitchens featuring quartz countertops & SS appliances, new laminate flooring & newly remodeled bathrooms. 2nd floor rear unit has access to large roof deck. Both rear units are currently rented with signed leases. Front building contains storefront with two separate 1/2 bathrooms and a 2 bed/1 bath apartment on the 1st floor. 2nd floor has two 1 Bed/1 Bath apartments. Entire front building is vacant & needs rehab. Neither seller nor broker represent the legality of the 2nd floor front unit. The 2nd floor was divided into two units by a prior owner. Correct address is 3327-29 S Archer (Front building) and 1857 W 33rd Place (Rear building). Great location with easy access to downtown, I-55, Archer bus stop, CTA Orange line, Target, Starbucks, shopping & restaurants!

Last Agent to Sell the Property

Mike Frank

Keller Williams Preferred Realty License #475129769 Listed on: 12/13/2023

Keller Williams Preferred Realty

Co-Listed By

James Frank

Keller Williams Preferred Realty License #475160546

Last Buyer's Agent

Lona Reiling

EXIT Strategy Realty License #475144094

EXIT Strategy Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,789

Year Built

  • Built in 1892

Lot Details

  • 6,250 Sq Ft Lot
  • Lot Dimensions are 50x125
  • Property fronts an alley
  • Corner Lot

Home Design

  • Mixed Use
  • Brick Exterior Construction
  • Wood Frame Construction
  • Fiberglass Roof
  • Reflective Roof
  • Rubber Roof

Interior Spaces

  • 7,644 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Exterior Basement Entry
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Location

  • Property is near public transit

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Operating Expense $9,789
  • Gross Income $34,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,789

Year Built

Built in 1892

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1892
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,Seller's Disclosure,48-Hr Notice Required,No Sign on Property
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Bedrooms: 8
  • Possible Use: Commercial, Office and Research, Multi-Family, Retail, Other
  • Basement Description: Unfinished,Exterior Access
  • Fire Protection: Smoke or Fire Protectors
  • Fireplaces: 1
  • Dishwashers: 0
  • Refrigerators: 2
  • Ranges: 2
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Wood Frame
  • Frontage Type: City Street, Alley Access
  • Roof: Fiberglass, Reflective Coating, Rubber
  • Exterior Building Type: Vinyl Siding,Brick
  • Roof Structure: Flat,Pitched
  • Misc Outside: Enclosed Porch,Enclosed Stairs,Patio,Security Gate,Security Lighting,Storms and Screens (as exist),Sun Deck

Garage/Parking

  • Indoor Parking: 1-5 Spaces

Utilities

  • Cooling: Central Air, Window Unit(s)
  • Electric: Circuit Breakers
  • Utilities: Sanitary Sewer, Sewer-Storm Available, Water to Site
  • Heat/Ventilation: Forced Air,Gas,Hot Water,Wall Unit
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.14
  • Lot Dimensions: 50X125
  • Lot Size Sq Ft: 6250
  • Zoning: COMMR
  • Land Amenities: Curbs and Gutters,Sidewalks

Rental Info

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

Building Info

  • BuildingAreaTotal: 7644

Multi Family

  • GrossIncome: 34800
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 9789
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 9788.64
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2023
Closed on
Dec 6, 2023
Sold by
Lhotse Investment Group Llc
Bought by
Malinky Llc
Seller's Agent
Mike Frank
Keller Williams Preferred Realty
Buyer's Agent
Lona Reiling
EXIT Strategy Realty
List Price
$600,000
Sold Price
$588,000
Premium/Discount to List
-$12,000
-2%
Views
6
Current Estimated Value
$733,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,789
Avg. Annual Appreciation
11.35%

Purchase Details

Listed on
Sep 24, 2020
Closed on
Mar 19, 2021
Sold by
Chicago Title Land Trust Company
Bought by
Lhotse Investment Group Llc
Seller's Agent
Theresa Zubricki
Home Sales Realty INC.
Buyer's Agent
Su Yang
COMANDIS Residential
List Price
$698,800
Sold Price
$600,000
Premium/Discount to List
-$98,800
-14.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.74%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Malinky Llc $588,000 Chicago Title
Lhotse Investment Group Llc $600,000 Old Republic Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/13/2023 12/13/23 Sold $588,000 -2.0% $77 / Sq Ft
12/13/2023 12/13/23 Pending -- -- --
12/13/2023 12/13/23 For Sale $600,000 0.0% $78 / Sq Ft
03/26/2021 03/26/21 Sold $600,000 -14.1% -- View Prior Sale
11/18/2020 11/18/20 Pending -- -- --
09/24/2020 09/24/20 For Sale $698,800 -- --
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
2025 $10,041 $62,000 $19,375 $42,625
2024 $10,041 $62,000 $19,375 $42,625
2023 $9,789 $47,591 $15,625 $31,966
2022 $9,789 $47,591 $15,625 $31,966
2021 $9,570 $47,591 $15,625 $31,966
2020 $3,273 $36,489 $12,500 $23,989
2019 $3,273 $15,304 $12,500 $2,804
2018 $0 $40,543 $12,500 $28,043
2017 $0 $48,272 $10,625 $37,647
2016 $0 $48,272 $10,625 $37,647
2015 $0 $48,272 $10,625 $37,647
2014 $5,951 $39,222 $7,500 $31,722
2013 $5,972 $39,222 $7,500 $31,722
Source: Public Records

Agents Affiliated with this Home

  • Mike Frank

    Seller's Agent in 2023

    Mike Frank

    Keller Williams Preferred Realty

    (773) 251-8963

    1 in this area

    197 Total Sales

    Mike Frank
    Section Image
  • James Frank

    Seller Co-Listing Agent in 2023

    James Frank

    Keller Williams Preferred Realty

    (630) 212-8322

    1 in this area

    140 Total Sales

    James Frank
    Section Image
  • Lona Reiling

    Buyer's Agent in 2023

    Lona Reiling

    EXIT Strategy Realty

    (312) 597-6270

    1 in this area

    92 Total Sales

    Lona Reiling
    Section Image
  • Theresa Zubricki

    Seller's Agent in 2021

    Theresa Zubricki

    Home Sales Realty INC.

    (773) 617-0516

    2 in this area

    18 Total Sales

    Theresa Zubricki
    Section Image
  • Su Yang

    Buyer's Agent in 2021

    Su Yang

    COMANDIS Residential

    (312) 753-9588

    1 in this area

    16 Total Sales

    Su Yang
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11946757

Midwest Real Estate Data (MRED)

APN: 17-31-220-017-0000

Illinois Cook County Chicago 60608 McKinley Park

3327 S Archer Ave, Chicago, IL

Not Listed for Sale

MultiFamily

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