NOT LISTED FOR SALE
8 Beds
6 Baths
4,581 Sq Ft
3,049 Sq Ft Lot

Last Sold March 17, 2021

Last sale price $260,000 $57 Per Sq Ft

30 Days on Market

About This Home

As of March 2021

Attention investors! Great opportunity to own this 6-unit building in West Garfield Park with over 14% cap rate. The building provides an excellent income & features three types of floorplans: one of a studio $600 with lease expiring in 2021. Two of 1-bed $682.50 & $950 with lease expired in 9/30/2021 & 1/31/2021. Three 2-beds $692.50, $700, $750 with lease expiring in 2021. Tenants pay their own utilities. Property is being sold As-Is.

Last Agent to Sell the Property

Andreea David

Century 21 S.G.R., Inc. License #475185855 Listed on: 01/13/2021

Century 21 S.G.R., Inc.

Last Buyer's Agent

Mario Greco

Compass License #475105845

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,111

Year Built

  • Built in 1887

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 25 x 125

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 3-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Utilities

  • Forced Air Heating System
  • Separate Meters
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $1,179
  • Maintenance Expense $1,200
  • Operating Expense $15,859
  • Gross Income $52,530
  • Net Operating Income $36,671

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,111

Year Built

Built in 1887

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1887
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required,None
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 8
  • Basement Description: Unfinished
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Brick/Mortar
  • List Price: 269900
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Electric: Circuit Breakers, Service - 101 to 200 Amps
  • Heat/Ventilation: Forced Air,Separate Per Unit
  • Leased Washer Dryer YN: Yes

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.07
  • Lot Dimensions: 25 X 125
  • Zoning: MULTI

Rental Info

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

Multi Family

  • Net Operating Income: 36671
  • Insurance Expense: 1179
  • GrossIncome: 52530
  • Maintenance Expense: 1200
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 15859
  • Expense Year: 2019
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 4110.68
  • Tax Year: 2019

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
03/17/2021 03/17/21 Sold $260,000 -3.7% $57 / Sq Ft
02/12/2021 02/12/21 Pending -- -- --
01/14/2021 01/14/21 Price Changed $269,900 +3.8% $59 / Sq Ft
01/13/2021 01/13/21 Price Changed $259,900 -3.7% $57 / Sq Ft
01/13/2021 01/13/21 For Sale $269,900 -- $59 / Sq Ft
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: 10970036

Midwest Real Estate Data (MRED)

APN: 16152180140000