NOT LISTED FOR SALE

Estimated Value: $550,000 - $900,000

6 Beds
3 Baths
1,692 Sq Ft
$426/Sq Ft Est. Value

Last Sold September 14, 2023

Last sale price $542,900 $321 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $4,738/month

24 Days on Market

Highlights

  • Victorian Architecture
  • Home Security System
  • Humidifier
  • 3 Car Detached Garage
  • Two Heating Systems
  • Ceiling Fan

About This Home

As of September 2023

**BEING SOLD AS-IS** Welcome to this extraordinary 2-flat gem nestled in the highly sought-after Irving Park neighborhood! Situated on a generous 37.5' lot, this property boasts a unique combination of a spacious owners' duplex and an income-generating 2-bedroom unit. The owners' unit (or rental unit) is a true standout, thoughtfully upgraded with modern amenities to provide the utmost comfort and style. Stay cool during the warmer months with central air conditioning, and enjoy the luxury of an in-unit washer and dryer. The peaked ceilings and abundant windows create an inviting atmosphere, bathing the interior in natural light and lending an airy ambiance to the living spaces. Additionally, the income unit presents an excellent opportunity to provide accommodations for family members or if you're looking for an investment opportunity, this rental unit can thrive as a successful Airbnb (generating an impressive average income of approximately $24,000 annually). Embrace the vibrant and diverse neighborhood, adding to the allure of this property. With a plethora of amenities, convenient public transportation options, and an array of shops and restaurants within easy reach, you'll never have a shortage of things to do and explore. Outside, the expansive rear and side yards offer an inviting space for outdoor activities, gardening, and relaxation. Park your vehicles with ease in the two-car garage and take advantage of an additional space on the car pad. Unwind on the deck or porch, bask in the abundant greenery of the big yard, and experience the joys of owning a property with such incredible potential.Opportunities like this don't come around often. Whether you're an astute investor seeking a lucrative venture or a homeowner looking to enjoy the benefits of rental income, this 2-flat is an opportunity not to be missed. Discover the possibilities and imagine your future in this fantastic Irving Park home!

Last Agent to Sell the Property

Leigh Marcus

@properties Christie's International Real Estate License #475125223 Listed on: 07/20/2023

@properties Christie's International Real Estate

Last Buyer's Agent

Cecille Plurad

Coldwell Banker Realty License #475146521

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,828

Year Built

  • Built in 1905 | Remodeled in 2018

Lot Details

  • Lot Dimensions are 37.5' x 125'

Parking

  • 3 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Victorian Architecture
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Home Security System

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Finished Basement

  • English Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Schools

  • Murphy Elementary School
  • Roosevelt High School

Utilities

  • Humidifier
  • Two Heating Systems
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Lake Michigan Water

Community Details

  • 2 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,828

Year Built

Built in 1905 | Remodeled in 2018

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Victorian
  • New Construction: No
  • Year Built: 1905
  • 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, English
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Other Equipment: Humidifier, Security System, Ceiling Fan(s)
  • Basement Description: Finished,Exterior Access
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Disposal,Central Air Conditioner,Garage/Space

Exterior Features

  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Garage Spaces: 3
  • Number of Cars: 3
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Heating: Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls
  • Water Source: Lake Michigan, Public

Schools

  • Elementary School: Murphy Elementary School
  • High School: Roosevelt High School

Lot Info

  • Lot Dimensions: 37.5' X 125'
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 10827.94
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2023
Closed on
Sep 7, 2023
Sold by
Gelula David and Gelula Rebecca A
Bought by
Kothandapani Hariharan Pappil and Ugendhar Sagarika
Seller's Agent
Leigh Marcus
@properties Christie's International Real Estate
Buyer's Agent
Cecille Plurad
Coldwell Banker Realty
List Price
$550,000
Sold Price
$542,900
Premium/Discount to List
-$7,100
-1.29%
Views
80
Current Estimated Value
$720,782

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,882
Avg. Annual Appreciation
14.30%
Original Mortgage
$460,530
Outstanding Balance
$452,121
Interest Rate
7.75%
Mortgage Type
New Conventional
Estimated Equity
$268,661

Purchase Details

Closed on
Jul 13, 2009
Sold by
Gelula David
Bought by
Gelula David and Bludgen Rebecca A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,175
Interest Rate
5.36%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 14, 2007
Sold by
Mcinerny Paul A and Mcinerny Meghan K
Bought by
Gelula David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,250
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 26, 2003
Sold by
Meade Oscar
Bought by
Mcinerny Paul A and Mcinerny Meghan K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
4.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 27, 2002
Sold by
Johnsson Donald J and Johnsson Margaret M
Bought by
Meade Oscar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
6.08%
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Kothandapani Hariharan Pappil $543,000 Chicago Title
Gelula David -- Multiple
Gelula David $415,000 First American
Mcinerny Paul A $382,500 Heritage Title Co
Meade Oscar -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kothandapani Hariharan Pappil $460,530
Previous Owner Gelula David $417,175
Previous Owner Gelula David $311,250
Previous Owner Mcinerny Paul A $306,000
Previous Owner Meade Oscar $202,500
Closed Mcinerny Paul A $57,375
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2023 09/14/23 Sold $542,900 -1.3% $321 / Sq Ft
08/14/2023 08/14/23 Pending -- -- --
07/20/2023 07/20/23 For Sale $550,000 -- $325 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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
2024 $11,367 $50,000 $25,496 $24,504
2023 $11,060 $57,000 $23,625 $33,375
2022 $11,060 $57,000 $23,625 $33,375
2021 $10,828 $57,000 $23,625 $33,375
2020 $7,174 $35,193 $10,395 $24,798
2019 $7,191 $39,104 $10,395 $28,709
2018 $7,069 $39,104 $10,395 $28,709
2017 $7,520 $38,194 $9,450 $28,744
2016 $7,174 $38,194 $9,450 $28,744
2015 $6,541 $38,194 $9,450 $28,744
2014 $5,508 $32,144 $8,505 $23,639
2013 $5,388 $32,144 $8,505 $23,639
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11785320

Midwest Real Estate Data (MRED)

APN: 13-14-424-022-0000