NOT LISTED FOR SALE

4457 N Spaulding Ave Chicago, IL 60625

Albany Park Neighborhood

Estimated Value: $612,000 - $779,000

10 Beds
6 Baths
1,546 Sq Ft
$439/Sq Ft Est. Value

Last Sold February 03, 2015

Last sale price $645,000 $417 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,524/month

5 Days on Market

Highlights

  • Corner Lot
  • Porch
  • Ceiling Fan
  • Balcony
  • Forced Air Heating System

About This Home

As of February 2015

Rare opportunity to own huge corner 4-unit bldg on the Albany Park/Ravenswood Manor border. 7+% Cap Rate=perfect for savvy investor! Spacious, updated, well-maintained units=great for owner occupants or related living. Prvt Coach Hse feat new roof/kitchen, refin HWF + huge strge/laundry. Live on-site but not on top of your tenants! 2 parking spots + curb cut/apron for add'l cars. Convenient to CTA, dining. Come home!

Last Agent to Sell the Property

Scott Curcio

Baird & Warner License #475142147 Listed on: 12/11/2014

Baird & Warner

Last Buyer's Agent

Grace Donatello

Urbis Realty Group LLC License #471001553

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,406

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 38.6 x 125
  • Corner Lot
  • Paved or Partially Paved Lot

Home Design

  • Asphalt Roof

Interior Spaces

  • Ceiling Fan

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Potential Bedrooms
  • 6 Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • 2 Parking Spaces
  • On-Street Parking
  • Uncovered Parking
  • Off-Street Parking
  • Parking Included in Price

Outdoor Features

  • Balcony
  • Porch

Schools

  • Patrick Henry Elementary School
  • Marshall Middle School
  • Roosevelt High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $6,630
  • Net Operating Income $4,496

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,406

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 6
  • Total Bedrooms: 10
  • Other Equipment: Ceiling Fan(s)
  • Basement Description: Partially Finished,Exterior Access
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 6
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner,Fireplace-Artificial,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Fireplace-Gas,Laundry Hook-Up,Hardwood Floors,Walk-In Closet
  • Room: 6

Exterior Features

  • ExteriorFeatures: Balcony, Porch
  • List Price: 699900
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame,Stucco

Garage/Parking

  • Parking Features: Off Street, Side Apron
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Fee Information

  • Other Expenses $: 2134

Schools

  • Elementary School: PATRICK HENRY ELEMENTARY SCHOOL
  • High School: ROOSEVELT HIGH SCHOOL
  • Middle/Junior School: MARSHALL MIDDLE SCHOOL
  • Middle/Junior School District: 299

Lot Info

  • Lot Size Acres: 0.11
  • Lot Dimensions: 38.6 X 125
  • Zoning: MULTI
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas

Multi Family

  • Net Operating Income: 4496
  • GrossIncome: 6630
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat,Coach House

Tax Info

  • Tax Annual Amount: 10406.46
  • Tax Year: 2013
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2014
Closed on
Jan 24, 2015
Sold by
Walker James V and Walker Margie
Bought by
Landau Ryan R and Landau Paul Pamela
Seller's Agent
Scott Curcio
Baird & Warner
Buyer's Agent
Grace Donatello
Urbis Realty Group LLC
List Price
$699,900
Sold Price
$645,000
Premium/Discount to List
-$54,900
-7.84%
Current Estimated Value
$678,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,183
Avg. Annual Appreciation
0.47%
Original Mortgage
$590,658
Outstanding Balance
$448,018
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$230,165

Purchase Details

Closed on
Jul 12, 1999
Sold by
Fitzpatrick Crystal D
Bought by
Walker James V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 7, 1996
Sold by
Fernandez Freddie and Fernandez Laura
Bought by
Fitzpatrick Crystal D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,295
Interest Rate
8.44%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Landau Ryan R $645,000 Fidelity National Title
Walker James V $237,500 Chicago Title Insurance Co
Fitzpatrick Crystal D $130,000 Attorneys Natl Title Network
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Landau Ryan R $590,658
Previous Owner Walker James V $213,750
Previous Owner Fitzpatrick Crystal D $129,295
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/03/2015 02/03/15 Sold $645,000 -7.8% $417 / Sq Ft
12/15/2014 12/15/14 Pending -- -- --
12/10/2014 12/10/14 For Sale $699,900 -- $453 / 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 $11,478 $69,001 $16,888 $52,113
2023 $9,236 $57,523 $13,510 $44,013
2022 $9,236 $48,167 $13,510 $34,657
2021 $10,416 $54,959 $13,510 $41,449
2020 $11,978 $56,685 $6,996 $49,689
2019 $12,311 $64,501 $6,996 $57,505
2018 $12,102 $64,501 $6,996 $57,505
2017 $12,089 $55,974 $6,272 $49,702
2016 $11,249 $55,974 $6,272 $49,702
2015 $10,293 $55,974 $6,272 $49,702
2014 $10,616 $57,009 $5,790 $51,219
2013 $10,406 $57,009 $5,790 $51,219
Source: Public Records

Agents Affiliated with this Home

  • Scott Curcio

    Seller's Agent in 2015

    Scott Curcio

    Baird Warner

    (773) 517-6585

    11 in this area

    466 Total Sales

    Scott Curcio
    Section Image
  • Grace Donatello

    Buyer's Agent in 2015

    Grace Donatello

    Urbis Realty Group LLC

    (312) 893-7535

    11 Total Sales

    Grace Donatello
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08800499

Midwest Real Estate Data (MRED)

APN: 13-14-227-001-0000

Illinois Cook County Chicago 60625 Albany Park

4457 N Spaulding Ave, Chicago, IL

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