NOT LISTED FOR SALE

Estimated Value: $606,214 - $903,000

4 Beds
2 Baths
2,592 Sq Ft
$273/Sq Ft Est. Value

Last Sold April 07, 2023

Last sale price $525,000 $203 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $4,685/month

27 Days on Market

About This Home

As of April 2023

We are pleased to present this multi-family real estate opportunity in the Irving Park neighborhood of Chicago. The subject property of 4247 North Francisco Avenue is located 7.6 miles north of Chicago's downtown loop area, 3 miles west of Lake Michigan, 0.5 miles south of the CTA's Francisco Brown Line train station, and 0.2 miles west of Horner Park. The unit mix for the subject property consists of two two-bedroom one-bathroom units that measure 1,000 square feet each respectively. The Irving Park neighborhood is bordered by Cicero Ave to the west, Montrose Ave to the north, Addison Street to the south, and the North Branch of the Chicago River to the East. Irving Park is serviced by three Blue Line stops and two Metra line stations, which makes this neighborhood ideal for commuters to O'Hare Airport and to Downtown Chicago. The neighborhood has seen an increase in developments, new restaurant's, and businesses to the area due to the ease of access to public transportation. An investor can take full advantage of this real estate opportunity by capitalizing on the prime location of this asset plus the ability to raise current rents

Last Agent to Sell the Property

Rocco Zaccaro

Coldwell Banker Realty License #475179214 Listed on: 02/22/2023

Coldwell Banker Realty

Last Buyer's Agent

Michael Samm

Keller Williams ONEChicago License #475168912

Keller Williams ONEChicago

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,670

Year Built

  • Built in 1926

Lot Details

  • Lot Dimensions are 31x125

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Radiant Heating System
  • Lake Michigan Water

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $25,152
  • Net Operating Income $7,205

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,670

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1926
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner

Exterior Features

  • List Price: 575000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Sewer-Storm
  • Heating: Radiant
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 31X125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • Net Operating Income: 7205
  • GrossIncome: 25152
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 10670
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2023
Closed on
Mar 31, 2023
Sold by
4247 N Francisco Llc
Bought by
Heckman Craig and Heckman Kimberly
Seller's Agent
Rocco Zaccaro
Coldwell Banker Realty
Buyer's Agent
Michael Samm
Keller Williams ONEChicago
List Price
$575,000
Sold Price
$525,000
Premium/Discount to List
-$50,000
-8.7%
Views
68
Current Estimated Value
$707,554

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,554
Avg. Annual Appreciation
12.57%

Purchase Details

Closed on
Dec 17, 2012
Sold by
Stokes Tracey J and Finocchiaro Peter D
Bought by
4247 N Francisco Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
3.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 29, 2012
Sold by
4247 N Francisco Llc
Bought by
Stokes Tracey J and Finocchiaro Peter D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
3.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 22, 2010
Sold by
Stokes Tracey J
Bought by
4247 N Francisco Llc

Purchase Details

Closed on
Oct 6, 2010
Sold by
4247 N Francisco Llc
Bought by
Stokes Tracey J

Purchase Details

Closed on
Mar 31, 2007
Sold by
Stokes Tracey J
Bought by
4247 N Francisco Llc

Purchase Details

Closed on
Dec 12, 2006
Sold by
4247 N Francisco Llc
Bought by
Stokes Tracey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,477
Interest Rate
6.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 15, 2004
Sold by
Stokes Tracey J
Bought by
4247 N Francisco Llc

Purchase Details

Closed on
Nov 24, 2003
Sold by
Stokes Tracey J and Finocchiaro Peter D
Bought by
Stokes Trace J

Purchase Details

Closed on
Mar 13, 2003
Sold by
Stokes Tracey J
Bought by
Finocchiaro Peter D and Stokes Tracey J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,800
Interest Rate
5.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 2, 2002
Sold by
Stokes Tracey J
Bought by
Finocchiaro Peter D and Stokes Tracey J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,500
Interest Rate
6.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2001
Sold by
Finocchiaro Peter D and Stokes Tracey J
Bought by
Stokes Tracey J

Purchase Details

Closed on
Oct 18, 1996
Sold by
Ocasio Cruzita R
Bought by
Finocchiaro Peter and Stokes Tracey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,850
Interest Rate
7.74%
Mortgage Type
Commercial
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Heckman Craig $525,000 First American Title
4247 N Francisco Llc -- None Available
Stokes Tracey J -- Ravenswood Title Company Llc
4247 N Francisco Llc -- None Available
Stokes Tracey J -- None Available
4247 N Francisco Llc -- Accommodation
Stokes Tracey -- None Available
4247 N Francisco Llc -- --
Stokes Trace J -- --
Finocchiaro Peter D -- Residential Title Services
Finocchiaro Peter D -- Residential Title Services
Finocchiaro Peter D -- --
Stokes Tracey J -- --
Finocchiaro Peter $176,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stokes Tracey J $118,000
Previous Owner Stokes Tracey $126,477
Previous Owner Finocchiaro Peter D $147,800
Previous Owner Finocchiaro Peter D $145,500
Previous Owner Finocchiaro Peter $158,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2023 04/07/23 Sold $525,000 -8.7% $203 / Sq Ft
03/22/2023 03/22/23 Pending -- -- --
02/22/2023 02/22/23 For Sale $575,000 -- $222 / 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
2024 $11,199 $55,000 $24,025 $30,975
2023 $10,917 $52,890 $19,375 $33,515
2022 $10,917 $52,890 $19,375 $33,515
2021 $10,671 $52,890 $19,375 $33,515
2020 $8,540 $38,203 $8,525 $29,678
2019 $9,274 $46,005 $8,525 $37,480
2018 $9,493 $47,902 $8,525 $39,377
2017 $6,600 $30,560 $7,750 $22,810
2016 $6,141 $30,560 $7,750 $22,810
2015 $6,106 $33,203 $7,750 $25,453
2014 $5,619 $30,173 $6,975 $23,198
2013 $5,508 $30,173 $6,975 $23,198
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11723377

Midwest Real Estate Data (MRED)

APN: 13-13-314-004-0000