NOT LISTED FOR SALE

4354 W Drummond Place Chicago, IL 60639

Hermosa Neighborhood
12 Beds
10 Baths
-- Sq Ft
1927 Built

Last Sold June 23, 2015

Last sale price $655,000

15 Days on Market

About This Home

As of June 2015

INVESTORS DREAM...10 UNIT 2 STORY WELL-MAINTAINED CORNER LIGHT BROWN BRICK BUILDING. FULLY RENTED. 2-2BR/1BA, 6-1BR/1BA & 2-STUDIO/1BA. ALL UNITS WITH HARDWOOD FLRS, NEWER WINDOWS. INCREASE RENTS WITH MINOR UPDATES FOR ADDITIONAL INCOME. EASILY RENTED WITH LIMITED VACANCIES. NOT MANY INVESTMENTS LIKE THIS ON THE MARKET.

Last Agent to Sell the Property

Joseph Nudo

@properties Listed on: 04/21/2015

@properties

Last Buyer's Agent

Mike Kravitz

RE/MAX Premier License #475131606

RE/MAX Premier

Property Details

Home Type

  • Multi-Family

Year Built

  • 1927

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Additional Features

  • Partially Finished Basement

Community Details

  • Fuel Expense $10,487
  • Insurance Expense $3,660

Listing and Financial Details

  • Tenant pays for air conditioning, electric

Property Details

Home Type

Multi-Family

Year Built

1927

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Limited Liability Corp
  • Potential Use: Condominium, Residential-Multi-Family, Residential-Single Family
  • Utilities To Site: Sewer-Storm Available, Water-Municipal
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2014
  • Net Oper Income: 59748
  • Repairs Decor Expense: 3000
  • Roof Coverings: Rubber
  • Roof Structure: Flat
  • Scavenger Expense: 2200
  • Total Annual Exp: 27800
  • Total Annual Income: 92400
  • Total Monthly Income: 7700
  • Number of Ranges: 11
  • Number Of Refrigs: 11
  • Number Of Stories: 2
  • Estimated Year Built: 1927
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1927

Interior Features

  • Basement: Partially Finished

Exterior Features

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

Utilities

  • Heatventilation: Radiators
  • Water Expense: 3847

Condo/Co-op/Association

  • Units in Building: 10

Fee Information

  • Electricity Expense: 1422
  • Electrical Service: Circuit Breakers

Lot Info

  • Lot Dimensions: 60 X 125
  • Lot Sq Ft: 7601
  • Land Amenities: Curbs and Gutters, Lighting/Exterior, Sidewalks, Cable Ready
  • Parcel Identification Number: 13274070200000

Rental Info

  • Gross Rental Income: 92400
  • Tenant Pays: Air Conditioning, Electric

Multi Family

  • Expense Year: 2014
  • Fuel Expense: 10487
  • Insurance Expense: 3660

Tax Info

  • Taxes: 8063.40
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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
06/23/2015 06/23/15 Sold $655,000 -5.8% --
05/06/2015 05/06/15 Pending -- -- --
04/21/2015 04/21/15 For Sale $695,000 -- --
Source: Midwest Real Estate Data (MRED)

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
2025 $15,325 $104,200 $23,563 $80,637
2024 $15,325 $104,200 $23,563 $80,637
2023 $14,937 $72,377 $13,682 $58,695
2022 $14,937 $72,377 $13,682 $58,695
2021 $14,602 $72,375 $13,681 $58,694
2020 $12,999 $58,140 $13,681 $44,459
2019 $11,723 $58,140 $13,681 $44,459
2018 $11,485 $58,140 $13,681 $44,459
2017 $11,103 $51,576 $11,971 $39,605
2016 $10,330 $51,576 $11,971 $39,605
2015 $9,451 $51,576 $11,971 $39,605
2014 $8,226 $44,335 $11,971 $32,364
2013 -- $44,335 $11,971 $32,364
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Joseph Nudo

    @properties

    Section Image
  • Mike Kravitz

    Buyer's Agent in 2015

    Mike Kravitz

    RE/MAX

    (312) 485-9868

    28 Total Sales

    Mike Kravitz
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08897635

Midwest Real Estate Data (MRED)

APN: 13274070200000

Illinois Cook County Chicago 60639 Hermosa

4354 W Drummond Place, Chicago, IL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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