NOT LISTED FOR SALE
14 Beds
7 Baths
6,774 Sq Ft
2,614 Sq Ft Lot

Last Sold August 19, 2022

Last sale price $1,035,000 $153 Per Sq Ft

42 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating System
  • 3-minute walk to Simons (Almira) Park

About This Home

As of August 2022

Amazing opportunity to own an income generating multi-unit in Humboldt Park. Located 3 blocks from Humboldt Park, this legal 7 unit apartment building is fully rented with long term tenants & below market rents. The building along with the units have been kept in very good condition. All 7 units are 2 beds/1 bath, all are East facing units allowing tons of natural light, the 3 front facing units with sun rooms, and back 3 units have enclosed porches. All tenants pay their own utilities. Located 3 blocks from Humboldt Park & The Bloomingdale Trail.

Last Agent to Sell the Property

Richard Arenibar

Baird & Warner License #475163075 Listed on: 04/18/2022

Baird & Warner

Last Buyer's Agent

Robert Fleckenstein

First In Realty, Inc. License #475168443

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,984

Year Built

  • Built in 1919

Lot Details

  • 2,614 Sq Ft Lot
  • Corner Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 6,774 Sq Ft Home
  • 3-Story Property
  • Carbon Monoxide Detectors
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 7 Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Floor Furnace
  • Heating System Uses Gas
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity, heat, hot water

Community Details

Overview

  • 7 Units

Building Details

  • Insurance Expense $3,966
  • Maintenance Expense $2,507
  • Other Expense $4,750
  • Trash Expense $8,984
  • Operating Expense $23,589
  • Gross Income $85,128
  • Net Operating Income $61,539

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,984

Year Built

Built in 1919

Lot Details

2,614 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1919
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 7
  • Total Bedrooms: 14
  • Basement Description: Partially Finished
  • Fire Protection: Carbon Monoxide Detector(s)
  • Fireplaces: 0
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 7
  • Ranges: 7
  • Number of Washers: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Frontage Type: City Street
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Utilities

  • Cooling: None
  • Electric: Separate Meters
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas,Separate Per Unit,Individual Furnaces

Condo/Co-op/Association

  • Unincorporated (Y/N): No

Fee Information

  • Trash Expense: 8984
  • Operating Expense Includes: Utilities,Electricity,Gas

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.06
  • Lot Dimensions: 2832 SF, .065 ACRES
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat, Hot Water
  • Board Number: 8
  • Tenancy Type: Month To Month

Building Info

  • BuildingAreaTotal: 6774

Multi Family

  • Net Operating Income: 61539
  • Insurance Expense: 3966
  • GrossIncome: 85128
  • Maintenance Expense: 2507
  • NumberOfUnitsTotal: 7
  • OperatingExpense: 23589
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 8984.3
  • Tax Year: 2020
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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 List to Sale Price per Sq Ft
08/19/2022 08/19/22 Sold $1,035,000 -10.0% $153 / Sq Ft
05/31/2022 05/31/22 Pending -- -- --
04/18/2022 04/18/22 For Sale $1,150,000 -- $170 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $14,602 $70,000 $4,248 $65,752
2024 $14,602 $70,000 $4,248 $65,752
2023 $14,192 $69,000 $3,398 $65,602
2022 $14,192 $69,000 $3,398 $65,602
2021 $13,875 $68,999 $3,398 $65,601
2020 $8,984 $40,330 $3,964 $36,366
2019 $9,422 $46,896 $3,964 $42,932
2018 $9,264 $46,896 $3,964 $42,932
2017 $4,827 $22,421 $3,540 $18,881
2016 $4,491 $22,421 $3,540 $18,881
2015 $4,109 $22,421 $3,540 $18,881
2014 $4,063 $23,697 $3,398 $20,299
2013 $4,310 $23,697 $3,398 $20,299
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11378058

Midwest Real Estate Data (MRED)

APN: 16022000440000

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