NOT LISTED FOR SALE

Estimated Value: $940,000 - $1,067,000

6 Beds
5 Baths
3,820 Sq Ft
$262/Sq Ft Est. Value

Last Sold October 20, 2020

Last sale price $745,000 $195 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $6,621/month

1 Day on Market

Highlights

  • 2 Car Detached Garage
  • 5-minute walk to Western Station (Brown Line)
  • 3-minute walk to Welles Park
  • Waters Elementary School Rated A-
  • Paved or Partially Paved Lot

About This Home

As of October 2020

View our virtual 3D tour! Brick 3-Story mixed use property in HOT Lincoln Square! Inviting store front & fully remodeled commercial space w/many possibilities at 1400 sq ft & C1-2 Zoning. Currently salon/spa, also ideal for many other uses. Classic Chicago building w/new hardwood floors, all new electric, exposed brick, new baths & desirably located across from popular Welles Park. 2nd & 3rd floor apartments are spacious 3 bed/1 bath units w/central AC & dishwashers. Well maintained & clean basement has flood control system, laundry & great for additional storage. Brick two car garage. Close to the brown line & shopping/dining on Lincoln Ave. Waters Elementary School District.

Last Agent to Sell the Property

Brian Brak

Brak Realty Inc. License #471010326 Listed on: 08/25/2020

Last Buyer's Agent

Tuyen Nguyen, CCIM

Chicago Real Estate Resources License #471006001

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,798

Year Built

  • Built in 1914 | Remodeled in 2009

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 25 x 108
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Rubber Roof

Interior Spaces

  • 3-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 5 Bathrooms

Schools

  • Waters Elementary School
  • Lake View High School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $3,200
  • Net Operating Income $22,584

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,798

Year Built

Built in 1914 | Remodeled in 2009

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1914
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2009
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2009

Interior Features

  • Basement: Full
  • Total Bathrooms: 5
  • Total Bedrooms: 6
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Central Air Conditioner,Fireplace-Gas
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Hardwood Floors

Exterior Features

  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick,Limestone

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Other Expenses $: 14040

Schools

  • Elementary School: Waters Elementary School
  • High School: Lake View High School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.06
  • Lot Dimensions: 25 X 108
  • Zoning: MULTI
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 22584
  • GrossIncome: 3200
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Story Unit/s

Tax Info

  • Tax Annual Amount: 11797.89
  • Tax Year: 2019
  • Tax Exemptions: None

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2020
Closed on
Oct 20, 2020
Sold by
Ruh Betty J
Bought by
Vnt Realty Group Inc
Seller's Agent
Brian Brak
Brak Realty Inc.
Buyer's Agent
Tuyen Nguyen, CCIM
Chicago Real Estate Resources
List Price
$799,900
Sold Price
$745,000
Premium/Discount to List
-$54,900
-6.86%
Current Estimated Value
$1,000,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,992
Avg. Annual Appreciation
6.06%
Original Mortgage
$555,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 2016
Sold by
Ruh Richard and Ruh Cynthia
Bought by
Ruh Betty J

Purchase Details

Closed on
Jan 29, 2015
Sold by
Ruh Cynthia
Bought by
Ruh Matthias J F and Ruh Betty J

Purchase Details

Closed on
Dec 5, 2014
Sold by
Ruh Cynthia R
Bought by
Ruh Matthias J F and Rush Betty J

Purchase Details

Closed on
Sep 1, 2006
Sold by
Chicago Title Land Trust Co
Bought by
Ruh Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
7%
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
Vnt Realty Group Inc $745,000 Attorneys Ttl Guaranty Fund
Ruh Betty J -- Attorneys Ttl Guaranty Fund
Ruh Matthias J F -- Cti
Ruh Matthias J F $600,000 Cti
Ruh Cynthia $795,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vnt Realty Group Inc $555,000
Previous Owner Ruh Cynthia $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2020 10/20/20 Sold $745,000 -6.9% $195 / Sq Ft
08/26/2020 08/26/20 Pending -- -- --
08/25/2020 08/25/20 For Sale $799,900 -- $209 / Sq Ft
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 $16,267 $74,000 $9,585 $64,415
2023 $15,757 $73,413 $6,480 $66,933
2022 $15,757 $73,413 $6,480 $66,933
2021 $17,421 $83,000 $6,480 $76,520
2020 $11,642 $50,060 $6,480 $43,580
2019 $11,798 $56,248 $6,480 $49,768
2018 $11,582 $56,248 $6,480 $49,768
2017 $11,654 $52,016 $5,670 $46,346
2016 $10,860 $52,016 $5,670 $46,346
2015 $9,872 $52,016 $5,670 $46,346
2014 $7,709 $40,083 $5,130 $34,953
2013 $7,557 $40,083 $5,130 $34,953
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10836245

Midwest Real Estate Data (MRED)

APN: 13-13-234-021-0000