NOT LISTED FOR SALE

Estimated Value: $574,941 - $697,000

6 Beds
3 Baths
3,644 Sq Ft
$176/Sq Ft Est. Value

Last Sold January 13, 2015

Last sale price $325,000 $89 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $4,108/month

6 Days on Market

About This Home

As of January 2015

CALLING ALL INVESTORS! Solid income opportunity. Zoned B3-1. Main-level, owner-occupied store-front with long-time print shop. Second and third floors house two 3 bedroom 1 bath residential rental units, both with long time renters- each bringing $1200/month. Many improvements to the building including roof, HVAC, rear decking. Building has two car garage in back as well. Truly a must see!

Last Agent to Sell the Property

Jeremy Fisher

Compass License #475146783 Listed on: 10/22/2014

Compass

Last Buyer's Agent

Jeremy Fisher

Compass License #475146783 Listed on: 10/22/2014

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,355

Year Built

  • Built in 1914

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 25x125

Parking

  • 2 Car Detached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,355

Year Built

Built in 1914

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: 1914
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Lot Info

  • Lot Size Acres: 0.06
  • Lot Dimensions: 25X125
  • Zoning: OTHER
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 6354.75
  • Tax Year: 2012
  • Tax Exemptions: None

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
Oct 22, 2014
Closed on
Jan 13, 2015
Sold by
Knowles Ross
Bought by
Phan Thanh T
Seller's Agent
Jeremy Fisher
Compass
Buyer's Agent
Jeremy Fisher
Compass
List Price
$325,000
Sold Price
$325,000
Current Estimated Value
$639,980

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,980
Avg. Annual Appreciation
6.45%
Original Mortgage
$227,500
Outstanding Balance
$174,896
Interest Rate
3.94%
Mortgage Type
Commercial
Estimated Equity
$465,084

Purchase Details

Closed on
Aug 7, 1997
Sold by
Firstar Bank Illinois
Bought by
Knowles Ross W and Knowles Bernice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
9.65%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Phan Thanh T $325,000 Fidelity National Title
Knowles Ross W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phan Thanh T $227,500
Previous Owner Knowles Ross W $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/13/2015 01/13/15 Sold $325,000 0.0% $89 / Sq Ft
10/28/2014 10/28/14 Pending -- -- --
10/27/2014 10/27/14 Off Market $325,000 -- --
10/22/2014 10/22/14 For Sale $325,000 -- $89 / Sq Ft
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 $8,903 $52,000 $18,135 $33,865
2023 $8,673 $40,000 $14,625 $25,375
2022 $8,673 $40,000 $14,625 $25,375
2021 $8,468 $40,000 $14,625 $25,375
2020 $7,144 $31,958 $6,435 $25,523
2019 $7,321 $36,316 $6,435 $29,881
2018 $7,197 $36,316 $6,435 $29,881
2017 $8,422 $38,995 $5,850 $33,145
2016 $7,837 $38,995 $5,850 $33,145
2015 $7,171 $38,995 $5,850 $33,145
2014 $6,595 $35,413 $5,265 $30,148
2013 $6,464 $35,413 $5,265 $30,148
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08759228

Midwest Real Estate Data (MRED)

APN: 13-14-425-042-0000