NOT LISTED FOR SALE

4440 N Western Ave Chicago, IL 60625

Ravenswood Neighborhood

Estimated Value: $6,800,341

31 Beds
26 Baths
-- Sq Ft
0.25 Acres

Last Sold December 15, 2015

Last sale price $4,400,000

Est. 55% increase in value since last sale

Current estimated payment $42,917/month

207 Days on Market

About This Home

As of December 2015

Beautiful courtyard vintage building in a great location across from Wells Park. Very well maintained property with a great unit mix that includes: twelve 2BRS, nine 1BRs, seven studios and four storefronts. Property MUST be purchased as a package with an office building located at 400 W. 76th Street, Chicago

Last Agent to Sell the Property

Dan Stratis

@properties Commercial License #471015636 Listed on: 05/12/2015

@properties Commercial

Last Buyer's Agent

Jurgen Frank

Kale Realty License #475093037

Kale Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $70,365

Year Built

  • 1927

Lot Details

  • 0.25

Community Details

  • Fuel Expense $43,100
  • Insurance Expense $16,400

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$70,365

Year Built

1927

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: 253708
  • Repairs Decor Expense: 12000
  • Scavenger Expense: 7700
  • Total Annual Exp: 146786
  • Total Annual Income: 421572
  • Total Monthly Income: 35131
  • Number Of Stories: 4
  • Estimated Year Built: 1927
  • Type Multi Family: Courtyard
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4
  • Year Built: 1927

Exterior Features

  • Acreage: 0.25

Utilities

  • Heatventilation: Gas
  • Water Expense: 7700

Condo/Co-op/Association

  • Units in Building: 32

Fee Information

  • Janitor Expense: 12000

Lot Info

  • Lot Dimensions: 100 X 109
  • Parcel Identification Number: 13132340230000

Rental Info

  • Gross Rental Income: 421572
  • Tenant Pays: Electric

Multi Family

  • Fuel Expense: 43100
  • Insurance Expense: 16400
  • Other Expenses: 16000

Tax Info

  • Taxes: 40424.55

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2015
Closed on
Dec 11, 2015
Sold by
First American Bank
Bought by
Western 32 Llc
Seller's Agent
Dan Stratis
@properties Commercial
Buyer's Agent
Jurgen Frank
Kale Realty
List Price
$3,950,000
Sold Price
$4,400,000
Premium/Discount to List
$450,000
11.39%
Total Days on Market
207
Current Estimated Value
$6,800,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,400,341
Avg. Annual Appreciation
3.92%
Original Mortgage
$2,860,000
Interest Rate
3.96%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Western 32 Llc $4,400,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Western 32 Llc $3,150,000
Closed Western 32 Llc $2,860,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2015 12/15/15 Sold $4,400,000 +11.4% --
12/05/2015 12/05/15 Pending -- -- --
05/12/2015 05/12/15 For Sale $3,950,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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
2024 $70,365 $335,480 $37,800 $297,680
2023 $68,158 $317,564 $27,000 $290,564
2022 $68,158 $317,564 $27,000 $290,564
2021 $77,434 $368,931 $27,000 $341,931
2020 $55,012 $236,543 $27,000 $209,543
2019 $47,958 $228,645 $27,000 $201,645
2018 $47,082 $228,645 $27,000 $201,645
2017 $48,039 $214,420 $24,300 $190,120
2016 $44,767 $214,420 $24,300 $190,120
2015 $40,693 $214,420 $24,300 $190,120
2014 $41,238 $214,420 $24,300 $190,120
2013 $40,425 $214,420 $24,300 $190,120
Source: Public Records

Agents Affiliated with this Home

  • Dan Stratis

    Seller's Agent in 2015

    Dan Stratis

    @ Properties

    (847) 763-2200

    8 Total Sales

    Dan Stratis
    Section Image

  • J

    Buyer's Agent in 2015

    Jurgen Frank

    Kale Realty

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08922681

Midwest Real Estate Data (MRED)

APN: 13-13-234-023-0000

Illinois Cook County Chicago 60618 Ravenswood

4440 N Western Ave, Chicago, IL

This home is located at 4440 N Western Ave, Chicago, IL 60625 since 12 May 2015 and is currently estimated at $6,800,341. This property was built in 1927. 4440 N Western Ave is a home located in Cook County with nearby schools including Waters Elementary School, Amundsen High School, and Queen Of Angels Elementary School.

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