NOT LISTED FOR SALE
14 Beds
14 Baths
-- Sq Ft
5,227 Sq Ft Lot

Last Sold August 15, 2020

Last sale price $770,000

About This Home

As of August 2020

Pleased to present this vintage 14-unit building located in Chicago's own Bronzeville. Just being steps away from public transportation and at close proximity to Lake Shore Drive & the Dan Ryan expressway this add value opportunity is positioned for re-stabilization in a market that has shown rapid growth in the recent years. The Unit mix is fourteen (14) 1 bedroom-1 bath units ranging from 700-900 square feet each with hardwood floors in each unit with a overall total rentable square footage of 10,640.

Last Agent to Sell the Property

Valerie Wright

RE/MAX Premier License #475148965 Listed on: 06/08/2020

RE/MAX Premier

Co-Listed By

Paul Proano

Coldwell Banker Commercial NRT License #475170890

Last Buyer's Agent

Michael Tolliver

Atlas Asset Management Realty LLC License #471012301

Property Details

Home Type

  • Multi-Family

Year Built

  • 1898

Lot Details

  • 5,227

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Additional Features

  • Unfinished Basement

Community Details

  • Fuel Expense $11,000
  • Insurance Expense $9,520
  • Manager Expense $7,182

Listing and Financial Details

  • Tenant pays for electric, heat
  • $10,000 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1898

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Ownership Type: Corporation
  • Potential Use: Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2019
  • Net Oper Income: 86739
  • Repairs Decor Expense: 3500
  • Roof Coverings: Rubber
  • Roof Structure: Flat
  • Scavenger Expense: 1769
  • Total Annual Exp: 59561
  • Total Annual Income: 202160
  • Total Monthly Income: 14440
  • Number Of Refrigs: 14
  • Number Of Stories: 4
  • Estimated Year Built: 1898
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4
  • Year Built: 1898

Interior Features

  • Basement: Unfinished

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Acreage: 0.12
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Indoor Parking: 1-5 Spaces

Utilities

  • Heatventilation: Gas, Separate Per Unit
  • Water Expense: 8106

Condo/Co-op/Association

  • Units in Building: 14
  • Manager Expense: 7182

Fee Information

  • Electricity Expense: 509
  • Electrical Service: Circuit Breakers, Separate Meters

Lot Info

  • Lot Dimensions: 50X100
  • Lot Sq Ft: 5599
  • Parcel Identification Number: 20034000410000

Rental Info

  • Gross Rental Income: 212800
  • Tenant Pays: Electric, Heat

Multi Family

  • Expense Year: 2019
  • Fuel Expense: 11000
  • Insurance Expense: 9520

Tax Info

  • Taxes: 11006

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 List to Sale Price per Sq Ft
08/15/2020 08/15/20 Sold $770,000 -14.0% --
06/08/2020 06/08/20 Pending -- -- --
06/08/2020 06/08/20 For Sale $895,000 -- --
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: MRD10739736

Midwest Real Estate Data (MRED)