NOT LISTED FOR SALE
21 Beds
8 Baths
-- Sq Ft
5,227 Sq Ft Lot

Last Sold October 25, 2021

Last sale price $745,000

17 Days on Market

About This Home

As of October 2021

2007 gut-renovated, 4-unit former condo building in hot East Garfield Park! Excellent cash flow opportunity with significant rental upside. Three xtra large 6 bed / 2 bath units in front building plus full unfinished basement. All bedrooms fit full/queen size beds + closets, large living area, separate dining room, separate kitchen, and rear porch. One 3 bed / 1.5 bath duplex coach house. All units rented with CHA tenants and they pay nearly 100% of rent. Two of the units are under rented and can be raised with a. pro-forma 11.5% cap rate. Copper plumbing, updated electric, individual gas-forced heat, individual hot water tanks, Unit 2 and 3 feature in-unit laundry and unit 1 has laundry hook up. Unit 3 has been recently updated and has central air. Tear off roofs for both buildings in 2020. Tenants pay gas/heat/electric. This turn key building is truly a cash cow.

Last Agent to Sell the Property

Christopher Norton

Compass License #475155353 Listed on: 07/27/2021

Compass

Last Buyer's Agent

Brandice Hampton

Baird & Warner License #475166488

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,596

Year Built

  • Built in 1908 | Remodeled in 2007

Lot Details

  • 5,227

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 21 Bedrooms
  • 21 Potential Bedrooms
  • 8 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • 5,227 Sq Ft Lot

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,675
  • Water Sewer Expense $6,000
  • Net Operating Income $70,402

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,596

Year Built

Built in 1908 | Remodeled in 2007

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1908
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2007
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2007

Interior Features

  • Basement: Full
  • Total Bathrooms: 8
  • Total Bedrooms: 21
  • Basement Description: Partially Finished,Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 7
  • Half Bathrooms in Building: 1
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 6

Exterior Features

  • List Price: 745000
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

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

Fee Information

  • Water Sewer Expenses: 6000

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Size Acres: 0.12
  • Lot Dimensions: 5325
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 70402
  • Insurance Expense: 1675
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 3595.96
  • Tax Year: 2019

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
10/25/2021 10/25/21 Sold $745,000 0.0% --
08/14/2021 08/14/21 Pending -- -- --
07/27/2021 07/27/21 For Sale $745,000 +75.3% --
06/29/2020 06/29/20 Sold $425,000 -8.9% --
05/22/2020 05/22/20 Pending -- -- --
05/13/2020 05/13/20 Price Changed $466,500 +27.3% --
05/13/2020 05/13/20 For Sale $366,500 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11170048

Midwest Real Estate Data (MRED)