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

Sale Details

Date Sold: August 15, 2020

Last sale price $770,000 $0 Per Sq Ft

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

5,227 Sq Ft Lot

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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)

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10739736

Midwest Real Estate Data (MRED)
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