NOT LISTED FOR SALE
16 Beds
8 Baths
1,000 Sq Ft
6,000 Sq Ft Lot

Last Sold December 26, 2022

Last sale price $860,000 $860 Per Sq Ft

19 Days on Market

About This Home

As of December 2022

3800 S Wallace St is an eight (8) total units on a double lot located in the desirable Bridgeport neighborhood. 3800 S Wallace St is a beautiful eight (8) unit property with a brick six flat in the front and a two unit coach house in the rear. Located on a double lot there is a full side yard for tenants and features a favorable unit mix of one, two, and three bedroom apartments. There is a mix of conditions throughout the building offering a new investor value upside via renovation of CH2 and/or increasing rents to market rate as is.

Last Agent to Sell the Property

Melissa Morgan

Flats, LLC License #475165598 Listed on: 09/27/2022

Last Buyer's Agent

Quiping Folino

Concentric Realty Inc. License #475176032

Concentric Realty Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,654

Year Built

  • Built in 1900

Lot Details

  • 6,000 Sq Ft Lot
  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Heating System Mounted To A Wall or Window
  • 200+ Amp Service

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $708
  • Fuel Expense $2,653
  • Insurance Expense $4,500
  • Maintenance Expense $2,400
  • Manager Expense $4,412
  • Other Expense $2,400
  • Trash Expense $1,620
  • Water Sewer Expense $3,600
  • Operating Expense $24,384
  • Gross Income $90,720
  • Net Operating Income $48,292

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,654

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1900
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 16
  • Fireplaces: 1
  • Refrigerators: 8
  • Ranges: 8
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Concrete
  • Foundation Details: Concrete Perimeter
  • Exterior Building Type: Vinyl Siding,Brick

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers, Service - 201 to 600 Amps
  • Heat/Ventilation: Central Bldg Heat,Wall Unit
  • Leased Washer Dryer YN: Yes

Condo/Co-op/Association

  • Manager Expense: 4412

Fee Information

  • Trash Expense: 1620
  • Water Sewer Expenses: 3600
  • Operating Expense Includes: Other

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 50*125
  • Lot Size Sq Ft: 6000
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 2

Multi Family

  • Net Operating Income: 48292
  • Fuel Expense: 2653
  • Insurance Expense: 4500
  • ElectricExpense: 708
  • GrossIncome: 90720
  • Maintenance Expense: 2400
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 24384
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 15654
  • Tax Year: 2020

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 List to Sale Price per Sq Ft
12/26/2022 12/26/22 Sold $860,000 -12.2% $860 / Sq Ft
10/17/2022 10/17/22 Pending -- -- --
09/27/2022 09/27/22 For Sale $980,000 -- $980 / Sq Ft
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: 11639097

Midwest Real Estate Data (MRED)