NOT LISTED FOR SALE

Estimated Value: $423,357

7 Beds
6 Baths
-- Sq Ft
4,792 Sq Ft Lot

Last Sold December 23, 2020

Last sale price $292,000

Est. 45% increase in value since last sale

Current estimated payment $3,121/month

6 Days on Market

About This Home

As of December 2020

All on one lot sits a apartment building with commercial space that provides a unique opportunity for the new or savvy investor. The lot houses 5 apartments and 1 commercial space over 2400 sq. feet. (2) 2 bedrooms and (3) 1 bedroom apartments all rented with the exception of one apartment. Two of the units were recently renovated in 2017 along with newly constructed back porches done with permits and meets the City of Chicago standards. BONUS on same lot under same pin is a commercial space that has been gutted to the studs. The possibilities for the commercial space is unlimited how about a banquet hall, restaurant or church; formerly was a bar and grill. This property awaits your vision. Positive cash flow and rents are below market price.

Last Agent to Sell the Property

Ericka Taylor

Coldwell Banker Realty License #475186039 Listed on: 10/07/2020

Coldwell Banker Realty

Co-Listed By

Joel Klecka

Coldwell Banker Realty License #471006564

Last Buyer's Agent

Veronica Tapia

Tapia Realty, Inc. License #475145028

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,806

Year Built

  • 1927

Lot Details

  • 4,792

Partially Finished Basement

  • Exterior Basement Entry

Listing and Financial Details

  • Tenant pays for electric, heat

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,806

Year Built

1927

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Estimated Age: Older
  • Total Annual Exp: 2400
  • Total Annual Income: 69000
  • Total Monthly Income: 2750
  • Number of Ranges: 4
  • Number Of Refrigs: 4
  • Number Of Window A C: 2
  • Number Of Stories: 2
  • Estimated Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1927

Interior Features

  • Basement: Partially Finished, Exterior Access
  • Total Fireplaces: 4

Exterior Features

  • Acreage: 0.11

Utilities

  • Heatventilation: Forced Air, Gas
  • Water Expense: 2400

Condo/Co-op/Association

  • Units in Building: 6

Lot Info

  • Lot Dimensions: 38.65 X 125
  • Parcel Identification Number: 16272030010000

Rental Info

  • Gross Rental Income: 5750
  • Tenant Pays: Electric, Heat

Tax Info

  • Taxes: 8472.50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2020
Closed on
Nov 24, 2020
Sold by
Cur From A Different Cloth Real Estate M
Bought by
Casa Grande Management Llc
Seller's Agent
Ericka Taylor
Coldwell Banker Realty
Buyer's Agent
Veronica Tapia
Tapia Realty, Inc.
List Price
$290,000
Sold Price
$292,000
Premium/Discount to List
$2,000
0.69%
Current Estimated Value
$423,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,357
Avg. Annual Appreciation
7.98%

Purchase Details

Closed on
Aug 11, 2015
Sold by
Ransom Green
Bought by
Cut From A Different Cloth Real Estate M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,750
Interest Rate
5.5%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Casa Grande Management Llc $292,000 Old Republic National Title
Cut From A Different Cloth Real Estate M $125,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cut From A Different Cloth Real Estate M $93,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2020 12/23/20 Sold $292,000 +0.7% --
10/13/2020 10/13/20 Pending -- -- --
10/07/2020 10/07/20 For Sale $290,000 -- --
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 $10,806 $69,775 $11,154 $58,621
2023 $10,534 $51,041 $9,009 $42,032
2022 $10,534 $51,041 $9,009 $42,032
2021 $10,298 $51,041 $9,010 $42,031
2020 $9,394 $42,030 $9,008 $33,022
2019 $8,473 $42,030 $9,008 $33,022
2018 $8,329 $42,030 $9,008 $33,022
2017 $20,197 $93,499 $9,941 $83,558
2016 $10,359 $51,720 $9,941 $41,779
2015 $17,133 $93,499 $9,941 $83,558
2014 $17,348 $93,499 $9,941 $83,558
2013 $17,005 $93,499 $9,941 $83,558
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10894846

Midwest Real Estate Data (MRED)

APN: 16-27-203-001-0000