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

Last Sold June 11, 2024

Last sale price $680,000

16 Days on Market

About This Home

As of June 2024

Introducing an exceptional investment opportunity: this updated legal 4-unit building is a true MONEY MAKER, poised to generate substantial income for savvy investors. With a potential monthly cash flow $7,700 + per month, this property promises excellent returns on investment. 4 bedroom units rent for $2100 a month. Each unit has been beautifully renovated, featuring new kitchens, baths, and refurbished hardwood floors, ensuring maximum appeal to tenants. The convenience of in-unit laundry adds to the allure, enhancing the overall tenant experience and attracting higher-quality renters. Situated in a prime location, this building offers parking in the rear. Whether you're an owner-occupant seeking additional income or want to possibly live rent OR an investor looking to bolster your portfolio, this property presents an unparalleled opportunity to capitalize on Chicago's thriving rental market. Quick access to downtown & Oak Brook mall, 290 expressway and the walking distance to the CTA. One unit shown at 1st appointment; other units made available after offer and 48 hour notice to tenants. ***Listing Agent has interest in the property****

Last Agent to Sell the Property

Warnita Taylor

Taylor Realty Partners LLC License #471020573 Listed on: 04/27/2024

Last Buyer's Agent

Juan Espinosa

E-Professional Realty License #471015933

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,152

Year Built

  • Built in 1929 | Remodeled in 2023

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 25x122

Interior Spaces

  • Ceiling Fan
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 14 Potential Bedrooms
  • 7 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Space is Owned
  • Unassigned Parking

Schools

  • Hefferan Elementary School
  • Marshall Metropolitan High Schoo

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Gas Water Heater

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $3,300
  • Professional Management Expense $900
  • Water Sewer Expense $2,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,152

Year Built

Built in 1929 | Remodeled in 2023

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Professional Management Expense: 900
  • Year Built: 1929
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2023
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2023

Interior Features

  • Basement: Full
  • Total Bathrooms: 7
  • Total Bedrooms: 14
  • Other Equipment: Ceiling Fan(s), Water Heater-Gas
  • Basement Description: Finished
  • Below Grade Bedrooms: 0

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • OpenParkingSpaces: 2
  • Parking Features: Unassigned
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Fee Information

  • Water Sewer Expenses: 2400

Schools

  • Elementary School: Hefferan Elementary School
  • High School: Marshall Metropolitan High Schoo
  • Middle/Junior School: Hefferan Elementary School

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 25X122
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • Insurance Expense: 3300
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 2152.43
  • Tax Year: 2021
  • Tax Exemptions: None
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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
06/11/2024 06/11/24 Sold $680,000 +3.0% --
05/14/2024 05/14/24 Pending -- -- --
04/27/2024 04/27/24 For Sale $660,000 -- --
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 $2,964 $39,001 $4,423 $34,578
2024 $2,964 $39,001 $4,423 $34,578
2023 $2,889 $14,000 $3,584 $10,416
2022 $2,889 $14,000 $3,584 $10,416
2021 $2,152 $13,999 $3,583 $10,416
2020 $4,283 $22,263 $3,583 $18,680
2019 $4,409 $25,299 $3,583 $21,716
2018 $4,333 $25,299 $3,583 $21,716
2017 $4,698 $25,123 $3,202 $21,921
2016 $4,532 $25,123 $3,202 $21,921
2015 $4,123 $25,123 $3,202 $21,921
2014 $3,637 $22,172 $3,050 $19,122
2013 $3,554 $22,172 $3,050 $19,122
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12040943

Midwest Real Estate Data (MRED)
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