NOT LISTED FOR SALE
7 Beds
5 Baths
-- Sq Ft
1923 Built

Last Sold April 05, 2021

Last sale price $845,000

29 Days on Market

About This Home

As of April 2021

Unique opportunity to acquire turnkey cash flowing apartment building in a rapidly appreciating location. Legally conforming five-unit apartment building with strong cash flow. Add value by increasing under market rental rates, updating units to boost rents, add additional bedrooms to maximize rents.

Last Agent to Sell the Property

Steven Rapoport

Chicago Real Estate Resources License #471006648 Listed on: 01/20/2021

Last Buyer's Agent

Tyson Schutz

The Apartment Source License #471020066

Property Details

Home Type

  • Multi-Family

Year Built

  • 1923

Home Design

  • Brick Exterior Construction

Utilities

  • Central Air
  • Window Unit Cooling System

Listing and Financial Details

  • Tenant pays for air conditioning, electric, heat, varies by tenant

Property Details

Home Type

Multi-Family

Year Built

1923

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Sole Proprietor
  • Potential Use: Condominium
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Oper Income: 58684
  • Roof Structure: Flat
  • Total Annual Exp: 18419
  • Total Annual Income: 79488
  • Total Monthly Income: 6624
  • Number Of Stories: 2
  • Estimated Year Built: 1923
  • Type Multi Family: Four Plus One
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1923

Exterior Features

  • Exterior Building Type: Brick
  • Frontage Access: Public Road

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

  • Air Conditioner: Central Air, Window Unit/s
  • Heatventilation: Forced Air, Gas

Condo/Co-op/Association

  • Units in Building: 5

Fee Information

  • Electrical Service: Circuit Breakers

Lot Info

  • Lot Dimensions: 30 X 125
  • Parcel Identification Number: 13261200400000

Rental Info

  • Gross Rental Income: 79488
  • Tenant Pays: Air Conditioning, Electric, Heat, Varies by Tenant

Multi Family

  • Gross Rent Multiplier: 11

Tax Info

  • Taxes: 7739

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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Average Value
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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
04/05/2021 04/05/21 Sold $845,000 -3.4% --
02/18/2021 02/18/21 Pending -- -- --
01/20/2021 01/20/21 For Sale $875,000 -- --
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: MRD10975627

Midwest Real Estate Data (MRED)