NOT LISTED FOR SALE
6 Beds
6 Baths
3,998 Sq Ft
1952 Built

Sale Details

Date Sold: April 25, 2024

Last sale price $435,000 $109 Per Sq Ft

56 Days on Market

About This Home

As of April 2024

Blue Door Dave Real Estate is pleased to present the opportunity to purchase 350 East 107th. This is a Brick six unit residential property.Great rental upside with existing one bedroom units that can be converted into two. This property is only minutes away from Chicago State University.

Last Agent to Sell the Property

Tameka McClellon

Tameka McClellon License #471022512 Listed on: 12/26/2023

Last Buyer's Agent

Thomas Wolfe

RE/MAX Premier License #475104557

RE/MAX Premier
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,428

Year Built

  • Built in 1952

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Additional Features

  • 2-Story Property
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $485
  • Fuel Expense $4,907
  • Insurance Expense $2,319
  • Maintenance Expense $300
  • Other Expense $3,429
  • Trash Expense $1,200
  • Water Sewer Expense $1,800
  • Operating Expense $14,140
  • Gross Income $64,800
  • Net Operating Income $50,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,428

Year Built

Built in 1952

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1952
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 6
  • Room: 0

Utilities

  • Heat/Ventilation: Baseboard

Fee Information

  • Trash Expense: 1200
  • Water Sewer Expenses: 1800

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 6250

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 50000
  • Fuel Expense: 4907
  • Insurance Expense: 2319
  • ElectricExpense: 485
  • GrossIncome: 64800
  • Maintenance Expense: 300
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 14140
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 3428.25
  • Tax Year: 2021

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
Dec 26, 2023
Closed on
Mar 22, 2024
Sold by
Nsquared Properties Llc
Bought by
Seller's Agent
Tameka McClellon
Tameka McClellon
Buyer's Agent
Thomas Wolfe
RE/MAX Premier
List Price
$452,000
Sold Price
$435,000
Premium/Discount to List
-$17,000
-3.76%
Views
59

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2020
Sold by
Chicago Title Land Trust Company
Bought by
Nsquared Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
2.9%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 1, 2010
Sold by
Suburban Bank & Trust Company
Bought by
Chicago Title Land Trust Company and Trust #1101527

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.31%
Mortgage Type
Commercial
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
$435,000 Saturn Title
Nsquared Properties Llc $229,000 Old Republic Title
Chicago Title Land Trust Company -- Cti
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
Previous Owner $348,000
Previous Owner Nsquared Properties Llc $280,000
Previous Owner Chicago Title Land Trust Company $300,000
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
04/25/2024 04/25/24 Sold $435,000 -3.8% $109 / Sq Ft
02/21/2024 02/21/24 Pending -- -- --
02/17/2024 02/17/24 For Sale $452,000 0.0% $113 / Sq Ft
02/15/2024 02/15/24 Pending -- -- --
02/11/2024 02/11/24 Price Changed $452,000 -0.2% $113 / Sq Ft
02/05/2024 02/05/24 Price Changed $453,000 +12.4% $113 / Sq Ft
01/16/2024 01/16/24 Price Changed $403,000 -0.5% $101 / Sq Ft
12/26/2023 12/26/23 For Sale $405,000 0.0% $101 / Sq Ft
12/02/2017 12/02/17 Rented $700 0.0% --
11/28/2017 11/28/17 Under Contract -- -- --
11/10/2017 11/10/17 For Rent $700 -- --
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 $3,596 $24,700 $3,750 $20,950
2024 $3,596 $24,700 $3,750 $20,950
2023 $3,507 $17,000 $8,125 $8,875
2022 $3,507 $17,000 $8,125 $8,875
2021 $3,428 $17,000 $8,125 $8,875
2020 $2,858 $12,798 $5,000 $7,798
2019 $2,930 $14,544 $5,000 $9,544
2018 $2,880 $14,544 $5,000 $9,544
2017 $5,158 $23,909 $4,375 $19,534
2016 $4,800 $23,909 $4,375 $19,534
2015 $4,392 $23,909 $4,375 $19,534
2014 $4,311 $23,180 $3,750 $19,430
2013 $4,226 $23,180 $3,750 $19,430
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11951459

Midwest Real Estate Data (MRED)

APN: 25151290480000

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