NOT LISTED FOR SALE

3601 S Damen Ave Chicago, IL 60609

McKinley Park Neighborhood
17 Beds
9 Baths
-- Sq Ft
6,000 Sq Ft Lot

Sale Details

Date Sold: June 21, 2024

Last sale price $950,000

14 Days on Market

About This Home

As of June 2024

A real money maker 9 units in nice location. You can't go wrong here. Building consists of 8 one bedroom with 1 bath units and 1 two bedrooms with one bath unit. Basement laundry room with tenant storage lockers. Most of the tenants are long term.

Last Agent to Sell the Property

Adam Matuszek

PROSALES REALTY License #475124715 Listed on: 10/02/2023

Last Buyer's Agent

Michael Mandile

Compass License #475174712

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,133

Year Built

  • Built in 1960

Lot Details

  • 6,000 Sq Ft Lot
  • Lot Dimensions are 50x120

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Garden Apartment
  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3-Story Property

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 9 Bathrooms

Utilities

  • Window Unit Cooling System
  • Radiator
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 9 Units

Building Details

  • Electric Expense $504
  • Fuel Expense $8,232
  • Insurance Expense $5,564
  • Maintenance Expense $5,650
  • Trash Expense $3,332
  • Water Sewer Expense $6,665
  • Operating Expense $47,080
  • Gross Income $107,040
  • Net Operating Income $60,960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,133

Year Built

Built in 1960

Lot Details

6,000 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Garden Complex
  • Stories: 3
  • Year Built: 1960
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,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: 9
  • Total Bedrooms: 17
  • Fireplaces: 1
  • Refrigerators: 9
  • Ranges: 9
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Concrete
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Hot Water,Radiators

Condo/Co-op/Association

  • Conversion YN: N

Fee Information

  • Trash Expense: 3332
  • Water Sewer Expenses: 6665

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50X120
  • Lot Size Sq Ft: 6000
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8
  • Tenancy Type: Month To Month

Multi Family

  • Net Operating Income: 60960
  • Fuel Expense: 8232
  • Insurance Expense: 5564
  • ElectricExpense: 504
  • GrossIncome: 107040
  • Maintenance Expense: 5650
  • NumberOfUnitsTotal: 9
  • OperatingExpense: 47080
  • Type Multi-Family: Garden Complex

Tax Info

  • Tax Annual Amount: 17133
  • 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
Oct 2, 2023
Closed on
Jun 20, 2024
Sold by
Bought by
Seller's Agent
Adam Matuszek
PROSALES REALTY
Buyer's Agent
Michael Mandile
Compass
List Price
$1,150,000
Sold Price
$950,000
Premium/Discount to List
-$200,000
-17.39%
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
0.0694%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 14, 2021
Sold by
Bought by

Purchase Details

Closed on
Oct 5, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
0.0787%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$425,000 Citywide Title
-- None Available
$355,000 First American Title
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
Open $720,000
Closed $720,000
Previous Owner $266,000
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
06/21/2024 06/21/24 Sold $950,000 -17.4% --
10/18/2023 10/18/23 Pending -- -- --
10/03/2023 10/03/23 For Sale $1,150,000 -- --
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 $17,977 $86,800 $18,600 $68,200
2024 $17,977 $86,800 $18,600 $68,200
2023 $17,524 $85,202 $12,000 $73,202
2022 $17,524 $85,202 $12,000 $73,202
2021 $17,133 $85,201 $12,000 $73,201
2020 $11,993 $53,834 $12,000 $41,834
2019 $10,816 $53,834 $12,000 $41,834
2018 $10,634 $53,834 $12,000 $41,834
2017 $11,084 $51,487 $9,000 $42,487
2016 $10,312 $51,487 $9,000 $42,487
2015 $9,435 $51,487 $9,000 $42,487
2014 $8,006 $43,148 $7,200 $35,948
2013 $7,848 $43,148 $7,200 $35,948
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Adam Matuszek

    PROSALES REALTY

    (847) 791-9033

    1 in this area

    82 Total Sales

    Adam Matuszek
    Section Image
  • Michael Mandile

    Buyer's Agent in 2024

    Michael Mandile

    Compass

    (630) 546-0254

    1 in this area

    223 Total Sales

    Michael Mandile
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11898728

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60609 McKinley Park

3601 S Damen Ave, Chicago, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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