NOT LISTED FOR SALE

3718 S Wallace St Chicago, IL 60609

Bridgeport Neighborhood

Estimated Value: $508,000 - $1,045,000

6 Beds
3 Baths
2,628 Sq Ft
$324/Sq Ft Est. Value

Last Sold October 22, 2019

Last sale price $170,000 $65 Per Sq Ft

Est. 401% increase in value since last sale

Current estimated payment $5,503/month

8 Days on Market

Highlights

  • Fenced Yard
  • Space Heater
  • 4-minute walk to McKeon Park
  • Porch
  • Paved or Partially Paved Lot

About This Home

As of October 2019

CASH-COW MULTI UNIT INVESTMENT OPPORTUNITY IN THE HEART OF BRIDGEPORT. WALKING DISTANCE TO THE WHITE SOX BASEBALL STADIUM. REHAB AND KEEP AS A CASH FLOW INVESTMENT OR TEAR DOWN AND BUILD NEW ON THIS PREMIER BLOCK. DO NOT MISS THE OPPORTUNITY! CASH OFFERS ONLY! SOLD " AS IS "

Last Agent to Sell the Property

Daniel Walsh

Prime Real Estate Group Inc License #475175071 Listed on: 09/19/2019

Last Buyer's Agent

So Yin Ng

Goodland Realty Inc. License #471002880

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,056

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 75x132
  • Fenced Yard
  • Paved or Partially Paved Lot

Parking

  • Parking Included in Price

Home Design

  • Frame Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Utilities

  • Space Heater
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • 3-Story Property
  • Porch

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,056

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Other
  • New Construction: No
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Concrete Perimeter
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Space Heater
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Lot Info

  • Lot Size Acres: 0.06
  • Lot Dimensions: 75X132
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 6055.99
  • Tax Year: 2017
  • Tax Exemptions: None

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 16, 2021
Sold by
Ebw Custom Homes Inc
Bought by
Szeto Suk Yin and Flores Szeto Rita
Current Estimated Value
$851,330

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,250
Outstanding Balance
$495,290
Interest Rate
2.62%
Mortgage Type
New Conventional
Estimated Equity
$356,040

Purchase Details

Listed on
Sep 19, 2019
Closed on
Oct 15, 2019
Sold by
Fuentes Benny and Fuentes Rebecca
Bought by
Ebw Custom Homes Inc
Seller's Agent
Daniel Walsh
Prime Real Estate Group Inc
Buyer's Agent
So Yin Ng
Goodland Realty Inc.
List Price
$199,900
Sold Price
$170,000
Premium/Discount to List
-$29,900
-14.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.68%

Purchase Details

Closed on
Oct 5, 1992
Sold by
Vaccaro Vincent
Bought by
Fuentes Benny and Fuentes Rebecca
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
Szeto Suk Yin $710,000 Near North National Title
Ebw Custom Homes Inc $170,000 Citywide Title Corporation
Fuentes Benny $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Szeto Suk Yin $548,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2019 10/22/19 Sold $170,000 -15.0% $65 / Sq Ft
09/27/2019 09/27/19 Pending -- -- --
09/19/2019 09/19/19 For Sale $199,900 -- $76 / 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 $12,296 $81,369 $16,219 $65,150
2023 $12,669 $61,594 $13,094 $48,500
2022 $12,669 $61,594 $13,094 $48,500
2021 $13,944 $69,344 $13,094 $56,250
2020 $3,295 $14,790 $13,094 $1,696
2019 $3,416 $17,000 $13,094 $3,906
2018 $6,315 $31,971 $13,094 $18,877
2017 $6,056 $28,132 $10,416 $17,716
2016 $5,635 $28,132 $10,416 $17,716
2015 $5,155 $28,132 $10,416 $17,716
2014 $4,841 $26,091 $8,928 $17,163
2013 $4,745 $26,091 $8,928 $17,163
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    Daniel Walsh

    Prime Real Estate Group Inc

    (708) 502-3460

    92 Total Sales

    Daniel Walsh
    Section Image
  • So Yin Ng

    Buyer's Agent in 2019

    So Yin Ng

    Goodland Realty Inc.

    (312) 802-2828

    12 in this area

    50 Total Sales

    So Yin Ng
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10523790

Midwest Real Estate Data (MRED)

APN: 17-33-316-033-0000

Illinois Cook County Chicago 60609 Bridgeport

3718 S Wallace St, Chicago, IL

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