NOT LISTED FOR SALE
17 Beds
7 Baths
-- Sq Ft
3,049 Sq Ft Lot

Last Sold February 25, 2021

Last sale price $1,210,000

137 Days on Market

About This Home

As of February 2021

One-of-a-kind building with a unique floorplan. All 7 units are duplexed both up & down, across three levels. Unit mix composed of (3) 3 bed/1.1 bath, (3) 2 bed/1.1 bath, & (1) 2 bed/1 bath. All 2 bedrooms have a bonus family room with 3rd bedroom potential, which is a huge bonus in the "work from home" times. 6 parking spots. Individual utilities leave open the possibility of future condo conversion. Fully leased with one-year leases for 5 units & 2 units coming for renewal. $250K worth of upgrades include a new roof in 2017, a new front porch in 2016, & 1 new boiler in 2016. Strong cash flow in current form, with base figures taken from current rent roll & actual expenses. Short-term upside potential with pro-forma figures based upon projections after straightforward value adds to kitchens & bathrooms. A long-term potential upside for condo conversion and/or converting 2 bedroom bonus rooms to a full third bedroom. Montrose bus stop at the corner, short distance to a daycare, Smyser Elementary & Wright Comunity Colledge & Harlem Irving Park Mall only 1.5 miles away. Must see!

Last Agent to Sell the Property

Luminita Ispas

Century 21 S.G.R., Inc. License #475113981 Listed on: 08/04/2020

Century 21 S.G.R., Inc.

Last Buyer's Agent

Jiranan Skolba

Hometown Real Estate

Hometown Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • 1965

Lot Details

  • 3,049

Home Design

  • Brick Exterior Construction

Community Details

  • Insurance Expense $3,714

Listing and Financial Details

  • Tenant pays for electric, heat, hot water

Property Details

Home Type

Multi-Family

Year Built

1965

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Potential Use: Condominium, Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2018
  • Net Oper Income: 105864
  • Repairs Decor Expense: 1200
  • Roof Structure: Pitched
  • Scavenger Expense: 2153
  • Total Annual Exp: 22823
  • Total Annual Income: 127944
  • Total Monthly Income: 10622
  • Number of Ranges: 7
  • Number Of Refrigs: 7
  • Number Of Stories: 2
  • Estimated Year Built: 1965
  • Type Multi Family: Corridor-Exterior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1965

Exterior Features

  • Exterior Building Type: Brick
  • Acreage: 0.07
  • Construction: Brick, Concrete
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Heatventilation: Gas, Radiators, Separate Per Unit
  • Water Expense: 3606

Condo/Co-op/Association

  • Units in Building: 7

Fee Information

  • Electricity Expense: 531
  • Electrical Service: Circuit Breakers, 0-100 Amps

Lot Info

  • Lot Dimensions: 54 X 125
  • Lot Sq Ft: 3319
  • Land Amenities: Lighting/Exterior
  • Parcel Identification Number: 13171210250000

Rental Info

  • Gross Rental Income: 127944
  • Tenant Pays: Electric, Heat, Hot Water

Multi Family

  • Expense Year: 2018
  • Insurance Expense: 3714
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 10614

Matterport 3D Tour

Range of Values:

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Average Value
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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
02/25/2021 02/25/21 Sold $1,210,000 -6.9% --
12/19/2020 12/19/20 Pending -- -- --
12/07/2020 12/07/20 Price Changed $1,299,900 -3.7% --
09/29/2020 09/29/20 Price Changed $1,349,900 -3.6% --
08/25/2020 08/25/20 For Sale $1,399,900 0.0% --
08/10/2020 08/10/20 Pending -- -- --
08/04/2020 08/04/20 For Sale $1,399,900 -- --
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: MRD10806481

Midwest Real Estate Data (MRED)

APN: 13171210250000