NOT LISTED FOR SALE
7 Beds
4 Baths
-- Sq Ft
3,920 Sq Ft Lot

Last Sold September 19, 2023

Last sale price $1,075,000

6 Days on Market

About This Home

As of September 2023

"Heart of Lincoln Square all brick 4 unit building on a corner lot! Three 2B/1Bath's and One large 1B/1Bath + Den. Building is being sold AS IS. However, every unit in this well maintained building receives general improvements/updates and painting regularly. Recent building and unit improvements include: Newer roof including underlayment and sheathing, stainless steel appliances in most units, newer up to code exterior stairs and decks, some tuck-pointing, central air/furnaces were replaced in 2002. They are serviced annually, parts replaced when needed in excellent condition. All water heaters in excellent condition, 2 units have W/D, additional washer and dryer in the basement is shared by the two smaller units. Great deck space, small enclosed courtyard. The all brick three car garage plus tandem exterior parking generates approximately $400 per month. All units are separately metered for gas/electric. Building and unit electric has been updated. Most of the in unit plumbing has been updated. Clean dry basement has 4 large tenant storage lockers, a large Owners storage room, room for bikes, plus potential for adding a 1 Bed rental unit. All units have long term rental histories averaging 3 years. Located just two blocks from the central business district. 3 min walk to shopping, restaurants community centers and Brown Line, make this building a premium for renters, rare find and fantastic investment! *Summary ROI included in Additional Information.

Last Agent to Sell the Property

John Corry

EXIT Strategy Realty License #475161842 Listed on: 08/05/2023

EXIT Strategy Realty

Last Buyer's Agent

Keith Brand

Berkshire Hathaway HomeServices Chicago License #475171462

Berkshire Hathaway HomeServices Chicago

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,082

Year Built

  • Built in 1906 | Remodeled in 2002

Lot Details

  • 3,920

Parking

  • 3 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry

Schools

  • Mcpherson Elementary School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • 2-Story Property
  • 3,920 Sq Ft Lot

Community Details

  • 4 Units
  • Gross Income $114,420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,082

Year Built

Built in 1906 | Remodeled in 2002

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1906
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2002
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2002

Interior Features

  • Basement: Partial
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: Unfinished,Exterior Access
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Disposal,Central Air Conditioner,Garage/Space,Range Hood,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Disposal,Central Air Conditioner,Garage/Space,Range Hood,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Disposal,Central Air Conditioner,Garage/Space,Range Hood,Hardwood Floors
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Disposal,Central Air Conditioner,Range Hood,Hardwood Floors

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • Number of Cars: 3
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Schools

  • Elementary School: Mcpherson Elementary School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.09
  • Lot Dimensions: 4050SF
  • Zoning: MULTI
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas,Heat

Multi Family

  • GrossIncome: 114420
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Tax Info

  • Tax Annual Amount: 15081.84
  • Tax Year: 2021

Range of Values:

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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
09/19/2023 09/19/23 Sold $1,075,000 -4.4% --
08/12/2023 08/12/23 Pending -- -- --
08/05/2023 08/05/23 For Sale $1,125,000 -- --
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: 11852141

Midwest Real Estate Data (MRED)