NOT LISTED FOR SALE
6 Beds
4 Baths
-- Sq Ft
1874 Built

Last Sold March 17, 2021

Last sale price $425,000

162 Days on Market

About This Home

As of March 2021

Excellent turnkey investment in up and coming Canaryville. Well maintained two flat. Features a 3 bedroom/2 bath 1495 square foot owners unit with master bath and in-unit washer/dryer and deck and one 2 bedroom/1 bath. Roof 2014, garage 2007, and A/C condensers 2014. Individual hvac and water heaters. Owner pays only water and insurance (no gas or electric). Long term tenants, great location, lots of new construction on this block. This is perfect for a family who wants $2k income or investor. Currently 6.9% cap rate with 8 year tenant who recently moved out (unit 2) paying under market rent, could easily be 8% cap rate.

Last Agent to Sell the Property

Ann Connolly

Baird & Warner License #475102280 Listed on: 09/03/2020

Baird & Warner

Last Buyer's Agent

Karla Mina

MPower Residential Brokerage LLC License #471006190

Property Details

Home Type

  • Multi-Family

Year Built

  • 1874

Parking

  • Detached Garage
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Frame Construction
  • Aluminum Siding

Utilities

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

Community Details

  • Net Operating Income $34,910

Property Details

Home Type

Multi-Family

Year Built

1874

Parking

2

Listing Details

  • Property Type: Two to Four Units
  • Built Before 1978 (Y/N): Yes
  • Age: 100+ Years
  • Full Bathrooms: 4
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 4
  • Zoning Type: MULTI
  • Estimated Year Built: 1874
  • Other Addl Income: Coin Laundry
  • Type Multi: 3 Flat
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1874

Interior Features

  • Number Of Rooms: 14
  • Bedrooms All Levels: 6
  • Above Grade Bedrooms: 6

Exterior Features

  • Lot Size: Standard Chicago Lot
  • Exterior Building Type: Aluminum Siding, Frame

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air
  • Water Expense: 1452

Fee Information

  • Insurance Expense: 1868
  • Gross Expenses: 4223

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: 25 X 123
  • Parcel Identification Number: 20043300230000

Rental Info

  • Gross Rental Income: 43140
  • Total Rental Income: 42900

Multi Family

  • Total Number Unitsin Building: 3
  • Three Bedroom Number of Units: Yes
  • Full Baths In Building: 4
  • Net Operating Income: 34910

Tax Info

  • Taxes: 4910
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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
03/17/2021 03/17/21 Sold $425,000 0.0% --
02/12/2021 02/12/21 Pending -- -- --
01/12/2021 01/12/21 Price Changed $425,000 -5.3% --
09/03/2020 09/03/20 For Sale $449,000 -- --
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 $4,853 $31,000 $1,742 $29,258
2024 $4,853 $31,000 $1,742 $29,258
2023 $4,731 $23,000 $2,904 $20,096
2022 $4,731 $23,000 $2,904 $20,096
2021 $4,625 $23,000 $2,904 $20,096
2020 $4,790 $21,503 $2,904 $18,599
2019 $4,909 $24,436 $2,904 $21,532
2018 $4,827 $24,436 $2,904 $21,532
2017 $5,365 $24,921 $2,613 $22,308
2016 $4,991 $24,921 $2,613 $22,308
2015 $4,567 $24,921 $2,613 $22,308
2014 $4,207 $22,672 $2,468 $20,204
2013 $4,123 $22,672 $2,468 $20,204
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10845676

Midwest Real Estate Data (MRED)
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