NOT LISTED FOR SALE
8 Beds
4 Baths
-- Sq Ft
1929 Built

Sale Details

Date Sold: May 31, 2016

Last sale price $600,000

12 Days on Market

Highlights

  • Corner Lot
  • 4 Car Detached Garage
  • Heating System Uses Steam

About This Home

As of May 2016

Pleased to offer for sale a vintage four-unit multifamily property located in the Avondale/Kilbourn Park neighborhood on Chicago's north side. The offering provides investors with immediate cash flow and material future upside in a solid location. The property is currently 86% occupied. Surplus income is being generated from three additional, non-confirming units. No representation as to the legality of said additional units. The current zoning certification is for four dwelling units. The building is a two-story walk-up residential apartment building of masonry construction with a flat roof constructed in 1929. The 5,034-SF building sits on a 6,300 SF lot which is adjacent to the alley-way running east-west. **See offering package in ADDITIONAL INFORMATION.**

Last Agent to Sell the Property

Edward Bluemel

Atlas Asset Management Realty LLC License #475159969 Listed on: 04/13/2016

Last Buyer's Agent

Brianna Schmidt

Second City Real Estate License #471018287

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,901

Year Built

  • Built in 1929

Parking

  • 4 Car Detached Garage
  • Parking Available

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Utilities

  • Heating System Uses Steam
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Corner Lot

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $75,510
  • Net Operating Income $46,599

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,901

Year Built

Built in 1929

Lot Details

0 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1929
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, Full
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Window Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Window Air Conditioner,Hardwood Floors
  • AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors

Exterior Features

  • Construction Materials: Brick
  • Lot Features: Corner Lot
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 4
  • Parking Features: On Site, Garage Owned, Detached, Owned, Garage
  • ParkingTotal: 6

Utilities

  • Sewer: Public Sewer
  • Heating: Steam
  • Water Source: Lake Michigan

Fee Information

  • Other Expenses $: 28911

Lot Info

  • Lot Dimensions: 50*126
  • Zoning: OTHER
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas

Multi Family

  • Net Operating Income: 46599
  • GrossIncome: 75510
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 9900.95
  • Tax Year: 2014

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

Closed on
Dec 29, 2022
Sold by
Magnuson Ross A and Magnuson Erin M
Bought by

Purchase Details

Closed on
Oct 22, 2020
Sold by
Magnuproperites Inc
Bought by
Magnuson Ross A and Magnuson Erin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2018
Sold by
Magnuson Ross A and Magnuson Erin
Bought by
Magnuproperties Inc

Purchase Details

Listed on
Apr 13, 2016
Closed on
May 31, 2016
Sold by
Chicago Title Land Trust Co
Bought by
Mcfarland Magnuson Ross Andrew and Mcfarland Magnuson Erin
Seller's Agent
Edward Bluemel
Atlas Asset Management Realty LLC
Buyer's Agent
Brianna Schmidt
Second City Real Estate
List Price
$579,000
Sold Price
$600,000
Premium/Discount to List
$21,000
3.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 16, 2006
Sold by
Bogdziewicz Andrzej and Bogdziewicz Helena
Bought by
Chicago Title Land Trust Co and Trust #53578

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
8%
Mortgage Type
Commercial

Purchase Details

Closed on
May 15, 1996
Sold by
Obrzut George J and Obrzut Joseph P
Bought by
Bogdziewicz Andrzej and Bogdziewicz Helena
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
-- None Listed On Document
Magnuson Ross A -- Citywide Title Corporation
Magnuproperties Inc -- None Available
Mcfarland Magnuson Ross Andrew $600,000 Chicago Title Land Trust Com
Chicago Title Land Trust Co $721,000 Marquis Title
Bogdziewicz Andrzej $240,000 Land Title Group Inc
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 $500,000
Closed Mcfarland Magnuson Ross Andrew $450,000
Closed Chicago Title Land Trust Co $110,000
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
05/31/2016 05/31/16 Sold $600,000 +3.6% --
04/25/2016 04/25/16 Pending -- -- --
04/13/2016 04/13/16 For Sale $579,000 -- --
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 $14,721 $78,000 $27,405 $50,595
2024 $14,721 $78,000 $27,405 $50,595
2023 $14,350 $69,521 $22,050 $47,471
2022 $14,350 $69,521 $22,050 $47,471
2021 $15,377 $76,216 $22,050 $54,166
2020 $10,488 $46,915 $10,080 $36,835
2019 $10,871 $53,926 $10,080 $43,846
2018 $11,305 $57,047 $10,080 $46,967
2017 $11,437 $52,955 $8,820 $44,135
2016 $10,642 $52,955 $8,820 $44,135
2015 $9,738 $52,955 $8,820 $44,135
2014 $9,901 $53,168 $7,560 $45,608
2013 $9,705 $53,168 $7,560 $45,608
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09193329

Midwest Real Estate Data (MRED)
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