NOT LISTED FOR SALE
20 Beds
11 Baths
-- Sq Ft
7,500 Sq Ft Lot

Sale Details

Date Sold: August 30, 2022

Last sale price $1,255,125

94 Days on Market

About This Home

As of August 2022

Nominee for the 2022 Chicago Neighborhood Development Award. Completed in the Fall 2021, Total gut rehab on this beautiful 8 unit, 1, 2 and 3 bedroom building. Main building is units and the coach house has two generously sized 1 bedroom. Every inch of the interior has been renovated. Check out the photo's. New electric, HVAC, plumbing. GE stainless steel appliances and In unit washer and dryers. Porcelain and LVT flooring throughout. The building is occupied with CHA voucher tenants making this a perfect investment opportunity. This building is also being offered as a package with the 8 unit 20 S. Hamlin Blvd and 8 unit 3803 W. Ohio multi family buildings. All properties have been completely gut rehabbed and all have similar finishes.

Last Agent to Sell the Property

Michael Rourke

@properties Commercial License #471016816 Listed on: 02/10/2022

@properties Commercial

Co-Listed By

Dominic Soltero

@properties Commercial License #475153308

Last Buyer's Agent

Andrew Wendt

Compass License #471010510

Compass
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,500

Year Built

  • Built in 1910

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 50 x 150

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 11 Bathrooms

Additional Features

  • 3-Story Property
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $600
  • Insurance Expense $6,000
  • Maintenance Expense $2,000
  • Manager Expense $9,000
  • Other Expense $1,800
  • Trash Expense $500
  • Water Sewer Expense $2,700
  • Operating Expense $34,500
  • Gross Income $140,000
  • Net Operating Income $97,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,500

Year Built

Built in 1910

Lot Details

7,500 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1910
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: New Rehab
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 11
  • Total Bedrooms: 20
  • Fireplaces: 8
  • Drive-In Doors: 8
  • Dishwashers: 8
  • Refrigerators: 8
  • Ranges: 8
  • Number of Washers: 8
  • Room: 0

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: Central Air
  • Heat/Ventilation: Central Heat/Indiv Controls

Condo/Co-op/Association

  • Manager Expense: 9000
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 500
  • Water Sewer Expenses: 2700

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50 X 150
  • Lot Size Sq Ft: 7500

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 8
  • Tenancy Type: Leases

Multi Family

  • Net Operating Income: 97500
  • Insurance Expense: 6000
  • ElectricExpense: 600
  • GrossIncome: 140000
  • Maintenance Expense: 2000
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 34500
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 8500
  • Tax Year: 2020

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2022
Closed on
Aug 30, 2022
Sold by
Kemt Llc
Bought by
Seller's Agent
Michael Rourke
@properties Commercial
Buyer's Agent
Andrew Wendt
Compass
List Price
$1,396,650
Sold Price
$1,255,125
Premium/Discount to List
-$141,525
-10.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,880,000
Outstanding Balance
$1,959,014
Interest Rate
5.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 25, 2019
Sold by
4111 West N Llc
Bought by
Kemt Llc

Purchase Details

Closed on
Dec 4, 2017
Sold by
Garcia David and Garcia Anthony
Bought by
4111 West N Llc

Purchase Details

Closed on
Jan 19, 2017
Sold by
Jones Marvin
Bought by
Gargia David and Garcia Anthony

Purchase Details

Closed on
Feb 21, 2007
Sold by
Jones Sadie
Bought by
Jones Sadie M and Sadie M Jones Declaration Of Trust
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,515,000 Proper Title
Kemt Llc $450,000 Chicago Title
4111 West N Llc $237,500 Greater Metropolitan Title L
Gargia David $155,000 None Available
Jones Sadie M -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,880,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/30/2022 08/30/22 Sold $1,255,125 -10.1% --
02/11/2022 02/11/22 For Sale $1,396,650 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,261 $46,800 $7,069 $39,731
2024 $7,261 $72,000 $10,875 $61,125
2023 $8,254 $34,295 $8,813 $25,482
2022 $8,254 $39,993 $8,813 $31,180
2021 $5,932 $29,405 $8,812 $20,593
2020 $4,671 $20,900 $8,812 $12,088
2019 $4,788 $23,750 $8,812 $14,938
2018 $4,707 $23,750 $8,812 $14,938
2017 $14,329 $66,336 $7,875 $58,461
2016 $13,286 $66,336 $7,875 $58,461
2015 $12,156 $66,336 $7,875 $58,461
2014 $9,319 $50,229 $7,500 $42,729
2013 $9,135 $50,229 $7,500 $42,729
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11322357

Midwest Real Estate Data (MRED)
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