R
Seller's Agent in 2023
Rob Thompson
Realty Asset Advisors LLC
(773) 672-7335
4 in this area
12 Total Sales
414 E 73rd St Chicago, IL 60619
Park Manor Neighborhood
19
Beds
13
Baths
--
Sq Ft
6,162
Sq Ft Lot
About This Home
As of July 2023Long-term Owner offering stable and established 13-unit multifamily building. 100% occupancy with upgraded units, newer mechanicals, laundry facilities, newer porches, masonry, electrical, etc. No deferred maintenance and great mid-market, workforce housing location. Mix of 1- & converted 2-bedroom units currently generating $11K per month with room to raise rents. Opportunity for a 11% Cash-on-Cash return investment at List Price. Total Return exceeds 21% at List.
Last Agent to Sell the Property
Realty Asset Advisors LLC License #471021162 Listed on: 08/03/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,969
Year Built
- Built in 1920
Lot Details
- 6,162
Home Design
- Garden Apartment
- Flat Roof Shape
- Brick Exterior Construction
- Rubber Roof
Bedrooms and Bathrooms
- 19 Bedrooms
- 13 Bathrooms
Utilities
- Central Heating
- Radiator
- Heating System Uses Steam
- Heating System Uses Gas
Additional Features
- 3-Story Property
- 6,162 Sq Ft Lot
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 13 Units
Building Details
- Electric Expense $1,195
- Fuel Expense $12,000
- Insurance Expense $6,892
- Maintenance Expense $6,552
- Manager Expense $6,312
- Other Expense $6,208
- Trash Expense $1,568
- Water Sewer Expense $10,667
- Operating Expense $66,652
- Gross Income $133,740
- Net Operating Income $59,588
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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 |
|---|---|---|---|---|
| 08/31/2023 08/31/23 | Off Market | $735,000 | -- | -- |
| 07/31/2023 07/31/23 | Sold | $735,000 | 0.0% | -- |
| 05/31/2023 05/31/23 | Off Market | $735,000 | -- | -- |
| 04/28/2023 04/28/23 | Pending | -- | -- | -- |
| 01/19/2023 01/19/23 | For Sale | $775,000 | +5.4% | -- |
| 01/05/2023 01/05/23 | Off Market | $735,000 | -- | -- |
| 11/22/2022 11/22/22 | For Sale | $775,000 | +5.4% | -- |
| 11/07/2022 11/07/22 | Off Market | $735,000 | -- | -- |
| 10/27/2022 10/27/22 | For Sale | $775,000 | 0.0% | -- |
| 08/16/2022 08/16/22 | Pending | -- | -- | -- |
| 08/03/2022 08/03/22 | For Sale | $775,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $16,002 | $113,801 | $7,703 | $106,098 |
| 2024 | $16,002 | $113,801 | $7,703 | $106,098 |
| 2023 | $15,600 | $75,845 | $5,546 | $70,299 |
| 2022 | $15,600 | $75,845 | $5,546 | $70,299 |
| 2021 | $15,252 | $75,844 | $5,545 | $70,299 |
| 2020 | $13,955 | $62,643 | $5,545 | $57,098 |
| 2019 | $12,586 | $62,643 | $5,545 | $57,098 |
| 2018 | $12,374 | $62,643 | $5,545 | $57,098 |
| 2017 | $11,986 | $55,680 | $4,621 | $51,059 |
| 2016 | $6,230 | $31,105 | $4,621 | $26,484 |
| 2015 | $3,969 | $21,662 | $4,621 | $17,041 |
| 2014 | $5,005 | $26,974 | $4,621 | $22,353 |
| 2013 | $4,906 | $26,974 | $4,621 | $22,353 |
Source: Public Records
Agents Affiliated with this Home
-
Rob Thompson
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11482569
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