NOT LISTED FOR SALE
12 Beds
3 Baths
-- Sq Ft
1920 Built

Last Sold December 14, 2023

Last sale price $390,000

57 Days on Market

About This Home

As of December 2023

Incredible Investment Opportunity - 3-Unit Brick Building with Strong Rental Income and Guaranteed CHA Tenants! This well maintained property features three spacious units, each comprising 4 bedrooms and 1 bathroom. Generating a solid gross monthly income of $4,251, all units are currently leased to CHA (Chicago Housing Authority) tenants, providing a guaranteed government-backed rent. The convenience of separate utilities and gas forced air systems adds appeal, while the month-to-month lease agreements provide the flexibility to either capitalize on the attractive rental income or opt for owner occupancy. Don't miss your chance to own this remarkable property offering steady cash flow and investment potential in a sought-after location.

Last Agent to Sell the Property

Sam Shah

YBRS Realty Inc. License #475166155 Listed on: 08/26/2023

Last Buyer's Agent

Scott Siegel

Chicago Real Estate Authority License #471011328

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,916

Year Built

  • Built in 1920 | Remodeled in 2018

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 3 Parking Spaces
  • Uncovered Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 29 x 125

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,916

Year Built

Built in 1920 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2018
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2018

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 12
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0

Exterior Features

  • List Price: 405000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Fee Information

  • Other Expenses $: 0

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 29 X 125
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 2

Tax Info

  • Tax Annual Amount: 1916.46
  • Tax Year: 2021

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Range of Values:

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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 Change Sq Ft Price
12/14/2023 12/14/23 Sold $390,000 -3.7% --
10/23/2023 10/23/23 Pending -- -- --
09/22/2023 09/22/23 For Sale $405,000 0.0% --
09/19/2023 09/19/23 Pending -- -- --
08/26/2023 08/26/23 For Sale $405,000 -- --
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: 11870435

Midwest Real Estate Data (MRED)