NOT LISTED FOR SALE
9 Beds
6 Baths
6,202 Sq Ft
3,631 Sq Ft Lot

Last Sold September 04, 2024

Last sale price $1,225,000 $198 Per Sq Ft

254 Days on Market

About This Home

As of September 2024

Stately Center Entrance Corner Brick Six Unit Multi-Family Residential Building Located in a terrific Lincoln Square Location!!! Long Term Tenants with Under Market Rents!!! Pro Forma Rent Roll in excess of $130K Annually possible with some upgrades to the property. Oversized Chicago Lot encompassing Three-5 Room 2 Bedroom and 1 Bath and Three-4 Room 1 Bedroom 1 Bath Units!!! The 1 Bedroom Units can be easily converted to 2 Bedroom Units and the 2 Bedroom Units can be converted to 3 Bedroom Units to quickly increase the rent roll with little cost!!! Brand New Circuit Breakers have been installed in the property. Coin Laundry in the Building. Walking Distance to Damen and Western Brown Line Train Stations and Lincoln Ave. Corridor and Bars and Restaurants!! 1 Car Garage located on Property. Sold As-Is!!!!

Last Agent to Sell the Property

Nicholas Jakubco

Jakubco Development, Inc License #471017478 Listed on: 10/20/2023

Co-Listed By

Dana Jakubco

Jakubco Development, Inc License #475195422

Last Buyer's Agent

Mitir Patel

Baird & Warner License #475157343

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,213

Year Built

  • Built in 1924

Lot Details

  • 3,631 Sq Ft Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 6,202 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Utilities

  • No Cooling
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $428
  • Fuel Expense $6,745
  • Insurance Expense $5,284
  • Trash Expense $2,533
  • Water Sewer Expense $2,023
  • Operating Expense $38,733
  • Gross Income $105,840
  • Net Operating Income $67,087

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,213

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1924
  • Built Before 1978 (Y/N): Yes
  • New Construction Y/N: No
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 9
  • Basement Description: Unfinished
  • Fire Protection: None
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: Other

Utilities

  • Cooling: None
  • Electric: Fuses
  • Utilities: Sanitary Sewer, Water-Municipal
  • Heat/Ventilation: Central Bldg Heat
  • Leased Washer Dryer YN: No

Fee Information

  • Trash Expense: 2533
  • Water Sewer Expenses: 2023

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 3631
  • Lot Size Sq Ft: 3631
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Other
  • Board Number: 8
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 6202

Multi Family

  • Net Operating Income: 67087
  • Fuel Expense: 6745
  • Insurance Expense: 5284
  • ElectricExpense: 428
  • GrossIncome: 105840
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 38733
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 22213
  • Tax Year: 2022

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

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2024 09/04/24 Sold $1,225,000 -2.0% $198 / Sq Ft
07/01/2024 07/01/24 Pending -- -- --
04/18/2024 04/18/24 Price Changed $1,249,999 -3.8% $202 / Sq Ft
01/06/2024 01/06/24 For Sale $1,299,999 0.0% $210 / Sq Ft
12/27/2023 12/27/23 Pending -- -- --
10/20/2023 10/20/23 For Sale $1,299,999 -- $210 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11903529

Midwest Real Estate Data (MRED)