A
Seller's Agent in 2024
Angela Mana
Barr Agency, Inc
400 E 109th St Chicago, IL 60628
Roseland Neighborhood
11
Beds
6
Baths
3,360
Sq Ft
1962
Built
About This Home
As of November 2024This 6-unit building offers an exceptional investment opportunity, boasting a strong cap rate of 12.3 to ensure solid positive cash flow. Comprising five 2-bed/1-bath units and one 1-bed/1-bath garden apartment, each unit features hardwood floors and spacious layouts with generously sized great rooms and large eat-in kitchens. Recent upgrades, including copper plumbing, updated electric systems, and extensive masonry work, enhance the building's value while reducing maintenance needs. Additionally, the property provides convenient onsite laundry facilities and five parking spaces at the rear. Positioned on a serene, tree-lined street near the esteemed Gwendolyn Brooks College Preparatory campus and Palmer Park, its location is highly desirable. This 6-unit walk-up presents an attractive opportunity for investors seeking strong cash flow and potential value appreciation in a prime Chicago location.
Last Agent to Sell the Property
Angela Mana
Barr Agency, Inc License #475188228 Listed on: 05/28/2024
Last Buyer's Agent
Non Member
NON MEMBER
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,319
Year Built
- Built in 1962
Home Design
- Garden Apartment
Bedrooms and Bathrooms
- 11 Bedrooms
- 6 Bathrooms
Additional Features
- 3-Story Property
- Lot Dimensions are 43' x 125'
- Radiator
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $466
- Fuel Expense $4,029
- Insurance Expense $2,500
- Maintenance Expense $2,000
- Trash Expense $1,314
- Water Sewer Expense $1,570
- Operating Expense $17,448
- Gross Income $66,720
- Net Operating Income $49,272
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/29/2024 11/29/24 | Sold | $390,000 | 0.0% | $116 / Sq Ft |
| 10/01/2024 10/01/24 | Pending | -- | -- | -- |
| 09/23/2024 09/23/24 | Off Market | $390,000 | -- | -- |
| 08/12/2024 08/12/24 | For Sale | $400,000 | 0.0% | $119 / Sq Ft |
| 06/19/2024 06/19/24 | Pending | -- | -- | -- |
| 05/31/2024 05/31/24 | For Sale | $400,000 | -- | $119 / 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 | $3,403 | $18,500 | $3,293 | $15,207 |
| 2024 | $3,403 | $18,500 | $3,293 | $15,207 |
| 2023 | $3,320 | $16,092 | $7,134 | $8,958 |
| 2022 | $3,320 | $16,092 | $7,134 | $8,958 |
| 2021 | $3,245 | $16,091 | $7,134 | $8,957 |
| 2020 | $2,766 | $12,387 | $4,390 | $7,997 |
| 2019 | $3,451 | $17,131 | $4,390 | $12,741 |
| 2018 | $3,392 | $17,131 | $4,390 | $12,741 |
| 2017 | $4,410 | $20,443 | $3,841 | $16,602 |
| 2016 | $4,515 | $22,489 | $3,841 | $18,648 |
| 2015 | $4,131 | $22,489 | $3,841 | $18,648 |
| 2014 | $3,578 | $19,235 | $3,292 | $15,943 |
| 2013 | $3,507 | $19,235 | $3,292 | $15,943 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Buyer's Agent in 2024
Non Member
NON MEMBER
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12068350
APN: 25154070430000
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