NOT LISTED FOR SALE
13 Beds
13 Baths
5,844 Sq Ft
3,000 Sq Ft Lot Lot

Sale Details

Date Sold: October 28, 2021

Last sale price $1,750,000 $299 Per Sq Ft

69 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • 4-minute walk to Sheridan Station
  • 3-minute walk to Kelly Park

About This Home

As of October 2021

Opportunity to purchase a brick seven unit building in the heart of Lakeview, Chicago. This building features six, 2bed/2bath units, and one 1bed/1bath apartment. The property is currently 100% occupied. Some of the units have been recently remodeled featuring new bathrooms and kitchens. Lakeview building featuring exposed brick, wood-burning fireplaces, built-in hutches, and hardwood floors. Plenty of large windows to let in sunlight. Central heating and air. Washer and dryer available in building. Secure storage area included. Just a short walk to the Red and Brown Lines, shopping, dining, and nightlife.

Last Agent to Sell the Property

Stephen Cioromski

Troy Realty Ltd License #471022117 Listed on: 05/19/2021

Co-Listed By

Hubert Cioromski

Troy Realty Ltd License #471012115

Last Buyer's Agent

Stephen Cioromski

Troy Realty Ltd License #471022117 Listed on: 05/19/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,225

Year Built

  • Built in 1903

Lot Details

  • 3,000 Sq Ft Lot
  • Lot Dimensions are 25x120

Home Design

  • Garden Apartment
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,844 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 13 Bathrooms

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, varies by tenant

Community Details

Overview

  • 7 Units

Building Details

  • Electric Expense $600
  • Fuel Expense $550
  • Insurance Expense $3,000
  • Trash Expense $2,100
  • Water Sewer Expense $3,000
  • Operating Expense $31,475
  • Gross Income $146,820
  • Net Operating Income $115,345

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,225

Year Built

Built in 1903

Lot Details

3,000 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Garden Complex
  • Stories: 3
  • Year Built: 1903
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 13
  • Total Bedrooms: 13
  • Fireplaces: 2
  • Dishwashers: 7
  • Refrigerators: 7
  • Ranges: 7
  • Number of Washers: 2
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter

Utilities

  • Cooling: Central Air
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air
  • Leased Washer Dryer YN: No

Fee Information

  • Trash Expense: 2100
  • Water Sewer Expenses: 3000

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.06
  • Lot Dimensions: 25X120
  • Lot Size Sq Ft: 3000
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Varies by Tenant
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 5844

Multi Family

  • Net Operating Income: 115345
  • Fuel Expense: 550
  • Insurance Expense: 3000
  • ElectricExpense: 600
  • GrossIncome: 146820
  • NumberOfUnitsTotal: 7
  • OperatingExpense: 31475
  • Type Multi-Family: Garden Complex

Tax Info

  • Tax Annual Amount: 22225
  • Tax Year: 2019
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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 List to Sale Price per Sq Ft
10/28/2021 10/28/21 Sold $1,750,000 -10.3% $299 / Sq Ft
07/27/2021 07/27/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $1,950,000 -- $334 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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
2025 $27,028 $167,582 $55,800 $111,782
2024 $27,028 $180,000 $55,800 $124,200
2023 $28,796 $128,102 $45,000 $83,102
2022 $28,796 $140,000 $45,000 $95,000
2021 $28,153 $140,000 $45,000 $95,000
2020 $22,557 $101,259 $19,200 $82,059
2019 $22,605 $112,510 $19,200 $93,310
2018 $22,224 $112,510 $19,200 $93,310
2017 $19,858 $92,246 $16,800 $75,446
2016 $18,476 $92,246 $16,800 $75,446
2015 $16,904 $92,246 $16,800 $75,446
2014 $16,149 $87,037 $13,800 $73,237
2013 $15,830 $87,037 $13,800 $73,237
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11093547

Midwest Real Estate Data (MRED)

APN: 14202190010000

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