NOT LISTED FOR SALE

4042 N Springfield Ave Chicago, IL 60618

Irving Park Neighborhood

Estimated Value: $668,076 - $779,000

5 Beds
4 Baths
1,628 Sq Ft
$449/Sq Ft Est. Value

Last Sold July 01, 2019

Last sale price $570,000 $350 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $4,624/month

45 Days on Market

Highlights

  • Deck
  • Tennis Courts
  • 3 Car Detached Garage
  • Community Pool
  • Fenced Yard
  • 4-minute walk to Independence Park

About This Home

As of July 2019

This 2 flat with a non-traditional look gives it the appearance of a single family on the outside with single family style floor plans on the inside. These beautifully renovated units maintain the vintage charm and woodwork while incorporating all the modern day conveniences and are much larger than they appear. 1600 SF 3/2 1st floor and 1500 sf 2.1 2nd floor, both with newer kitchens & baths. Both units have central a/c and the building has a newer boiler, water heater and updated electric and plumbing. This home sits on an oversized lot with a 3 car garage in a superior neighborhood within walking distance to the Blue Line, grocery store, restaurants, park and easy access to the expressway. This is a great property!

Last Agent to Sell the Property

Connie Engel

@properties Christie's International Real Estate License #475121920 Listed on: 03/15/2019

@properties Christie's International Real Estate

Last Buyer's Agent

Diana Bzdyk

Compass License #475142827

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,487

Year Built

  • Built in 1923 | Remodeled in 2000

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 35x126
  • Fenced Yard

Parking

  • 3 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 4 Bathrooms

Home Security

  • Intercom
  • Storm Screens
  • Carbon Monoxide Detectors

Outdoor Features

  • Deck
  • Enclosed Patio or Porch

Schools

  • Belding Elementary School

Utilities

  • Radiator
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 2 Units

Recreation

  • Tennis Courts
  • Community Pool

Building Details

  • Electric Expense $35
  • Fuel Expense $215
  • Insurance Expense $162
  • Water Sewer Expense $107
  • Gross Income $3,250
  • Net Operating Income $2,890

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,487

Year Built

Built in 1923 | Remodeled in 2000

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Bungalow
  • New Construction: No
  • Year Built: 1923
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2000
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2000

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Other Equipment: Intercom, CO Detectors, Ceiling Fan(s)
  • Room Type: Enclosed Porch
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Disposal,Central Air Conditioner,Garage/Space,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Disposal,Central Air Conditioner,Fireplace-Artificial,Garage/Space,Hardwood Floors

Exterior Features

  • ExteriorFeatures: Deck, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Baseboard, Radiator(s)
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Pool, Tennis Courts

Fee Information

  • Water Sewer Expenses: 107

Schools

  • Elementary School: BELDING ELEMENTARY SCHOOL
  • Elementary School #2: DISNEY II ELEMENTARY MAGNET SCHOOL

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.1
  • Lot Dimensions: 35X126
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 2890
  • Fuel Expense: 215
  • Insurance Expense: 162
  • ElectricExpense: 35
  • GrossIncome: 3250
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 8486.51
  • Tax Year: 2017
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 4, 2021
Sold by
Bild Rachael
Bought by
Bush Michael and Jakubiszyn Claire
Current Estimated Value
$730,769

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$458,000
Outstanding Balance
$413,095
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$317,674

Purchase Details

Listed on
Mar 15, 2019
Closed on
Jul 1, 2019
Sold by
Forster Peter and Gasik Mitch
Bought by
Bush Michael and Jakubiszyn Claire
Seller's Agent
Connie Engel
@properties Christie's International Real Estate
Buyer's Agent
Diana Bzdyk
Compass
List Price
$585,000
Sold Price
$570,000
Premium/Discount to List
-$15,000
-2.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.85%
Original Mortgage
$461,700
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 2003
Sold by
Forster Peter and Gierut Martin I
Bought by
Forster Peter and Gierut Martin I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,500
Interest Rate
4.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 30, 2003
Sold by
Piotrowski Deborah
Bought by
Forster Peter and Gierut Martin I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,500
Interest Rate
4.37%
Mortgage Type
Unknown
Source: Public Records
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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
Bush Michael $308,500 Attorney
Bush Michael $570,000 Proper Title Llc
Forster Peter -- --
Forster Peter $305,000 Atgf Inc
Forster Peter $305,000 Atgf Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bush Michael $458,000
Previous Owner Bush Michael $461,700
Previous Owner Forster Peter $274,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2019 07/01/19 Sold $570,000 -2.6% $350 / Sq Ft
04/29/2019 04/29/19 Pending -- -- --
03/15/2019 03/15/19 For Sale $585,000 -- $359 / 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
2025 $9,952 $51,000 $25,997 $25,003
2024 $9,952 $51,000 $25,997 $25,003
2023 $9,701 $47,000 $22,050 $24,950
2022 $9,701 $47,000 $22,050 $24,950
2021 $8,810 $47,000 $22,050 $24,950
2020 $7,738 $37,717 $9,702 $28,015
2019 $8,448 $41,908 $9,702 $32,206
2018 $8,305 $41,908 $9,702 $32,206
2017 $8,487 $39,293 $8,820 $30,473
2016 $7,896 $39,293 $8,820 $30,473
2015 $7,225 $39,293 $8,820 $30,473
2014 $6,357 $34,135 $7,938 $26,197
2013 $6,231 $34,135 $7,938 $26,197
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10309831

Midwest Real Estate Data (MRED)

APN: 13-14-327-016-0000