NOT LISTED FOR SALE
34 Beds
22 Baths
-- Sq Ft
1908 Built

Sale Details

Date Sold: November 18, 2022

Last sale price $4,500,000

60 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating and Cooling System
  • 5-minute walk to Broncho Billy Playlot Park

About This Home

As of November 2022

Amazing brick corner 22-unit walk-up building represents an excellent investment opportunity in the highly stable neighborhood of Uptown/Sheridan Park. Unit mix comprised of (1) three bedroom, (10) 2 bedrooms and (11) one bedroom units. This property has been extremely well maintained by current ownership and has recently rehabbed most units with Quartz/Granite countertops and stainless steel appliances. Updates also include a new roof and porches. All units have forced air. New coin operated laundry in the basement for extra income. Transportation includes buses, Red/Brown/Purple, and Metra Trains. Short distance to Target, Jewel-Osco and many Bars and Restaurants. No work needed, just sit back, and collect the rent.

Last Agent to Sell the Property

Thomas Gibbons

FairGreen Real Estate LLC License #471018033 Listed on: 07/21/2022

Last Buyer's Agent

Peter Moore

Baird & Warner License #475148364

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,108

Year Built

  • Built in 1908

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Reflective Roof
  • Rubber Roof
  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property

Bedrooms and Bathrooms

  • 34 Bedrooms
  • 22 Bathrooms

Lot Details

  • Lot Dimensions are 75 x 129
  • Corner Lot

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat, hot water

Community Details

Overview

  • 22 Units

Building Details

  • Electric Expense $2,092
  • Fuel Expense $1,138
  • Insurance Expense $10,232
  • Trash Expense $6,564
  • Water Sewer Expense $6,100
  • Operating Expense $56,234
  • Gross Income $341,400
  • Net Operating Income $289,366

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,108

Year Built

Built in 1908

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1908
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 22
  • Total Bedrooms: 34
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Concrete
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Roof: Reflective Coating, Rubber
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: Central Air, Central Individual
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas

Condo/Co-op/Association

  • Conversion YN: N

Fee Information

  • Trash Expense: 6564
  • Water Sewer Expenses: 6100

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 75 X 129
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
  • Board Number: 8

Multi Family

  • Net Operating Income: 289366
  • Fuel Expense: 1138
  • Insurance Expense: 10232
  • ElectricExpense: 2092
  • GrossIncome: 341400
  • NumberOfUnitsTotal: 22
  • OperatingExpense: 56234
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 30108
  • Tax Year: 2020
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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
11/18/2022 11/18/22 Sold $4,500,000 -4.3% --
09/20/2022 09/20/22 Pending -- -- --
07/21/2022 07/21/22 For Sale $4,700,000 -- --
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 $37,415 $285,300 $91,938 $193,362
2024 $37,415 $285,300 $91,938 $193,362
2023 $36,474 $177,332 $46,200 $131,132
2022 $36,474 $177,332 $46,200 $131,132
2021 $35,660 $177,332 $46,200 $131,132
2020 $30,108 $135,155 $46,200 $88,955
2019 $27,154 $135,155 $46,200 $88,955
2018 $26,698 $135,155 $46,200 $88,955
2017 $24,413 $113,405 $39,732 $73,673
2016 $22,714 $113,405 $39,732 $73,673
2015 $20,781 $113,405 $39,732 $73,673
2014 $19,459 $104,880 $34,650 $70,230
2013 $19,075 $104,880 $34,650 $70,230
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11470680

Midwest Real Estate Data (MRED)
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