NOT LISTED FOR SALE
26 Beds
13 Baths
-- Sq Ft
0.25 Acres

Last Sold March 18, 2019

Last sale price $625,000

18 Days on Market

About This Home

As of March 2019

13 UNIT BRICK BUILDING AND ATTACHED LAND PARCEL IN THE GARFIELD PARK AREA. UNIT MIX: (12) 2BD-1BA + (1) 3BD-1BA. DON'T MISS THIS INVESTMENT OPPORTUNITY!! EMAIL OR CALL FOR AN APPOINTMENT. One family has taken good care of this huge building for over 30+ years. Property is well maintained. Great stable investment at an attractive price. Many long term tenants residing in the very large apartments. A few of the units were fully updated in 2018. Separate heat/furnaces in all of the units, separate electric panels, enclosed porch, roof is in excellent shape, balconies in a few of the units. Land parcel is ready for pavement to create 20-25 parking space area for additional income. The building is located near schools, parks, retail and public transportation.

Last Agent to Sell the Property

Melsi Bifsha

First Western Properties License #475179687 Listed on: 01/02/2019

Last Buyer's Agent

Travis Koran

Compass License #471018685

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 1914

Lot Details

  • 0.25

Community Details

  • Fuel Expense $1,750
  • Insurance Expense $4,890

Listing and Financial Details

  • Tenant pays for electric, heat

Property Details

Home Type

Multi-Family

Year Built

1914

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Oper Income: 78500
  • Repairs Decor Expense: 2850
  • Scavenger Expense: 2750
  • Total Annual Exp: 29500
  • Total Annual Income: 108000
  • Total Monthly Income: 9000
  • Number Of Stories: 3
  • Estimated Year Built: 1914
  • Type Multi Family: Corridor-Exterior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1914

Exterior Features

  • Acreage: 0.25

Utilities

  • Heatventilation: Central Heat/Indiv Controls
  • Water Expense: 4970

Condo/Co-op/Association

  • Units in Building: 13

Fee Information

  • Electricity Expense: 1160

Lot Info

  • Lot Dimensions: 85X128
  • Parcel Identification Number: 16104120230000

Rental Info

  • Gross Rental Income: 108000
  • Tenant Pays: Electric, Heat

Multi Family

  • Fuel Expense: 1750
  • Gross Rent Multiplier: 6
  • Insurance Expense: 4890

Tax Info

  • Taxes: 11192

Range of Values:

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ICE

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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
03/18/2019 03/18/19 Sold $625,000 0.0% --
01/20/2019 01/20/19 Pending -- -- --
01/02/2019 01/02/19 For Sale $625,000 -- --
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: MRD10162691

Midwest Real Estate Data (MRED)