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

Sale Details

Date Sold: April 18, 2024

Last sale price $507,500

9 Days on Market

Highlights

  • Landscaped Professionally
  • 2 Car Detached Garage
  • Paved or Partially Paved Lot
  • Fenced Yard
  • Patio

About This Home

As of April 2024

A glittering investment opportunity awaits you with this solid brick, large 2-flat featuring a finished basement in the highly desirable Midway/Garfield Ridge/Archer Heights location. This beautifully remodeled building boasts many recent improvements, making it an ideal choice for owner-occupied investors or those seeking a low-maintenance 'armchair investment.' The interior showcases bright and airy, updated, and recently painted 3-bedroom apartments. The main level (owner-deluxe) apartment features gleaming hardwood flooring throughout, a spacious living room that opens to a large, updated kitchen with modern gray cabinets, granite countertops, and stainless steel appliances. Additionally, there's a nicely updated bathroom. The upper-level apartment follows the same design, featuring an updated kitchen with sleek blue-gray cabinets, granite countertops, stainless steel appliances, and wood-laminate flooring throughout. This apartment has also seen recent updates to its bathroom. Three more bedrooms and a third bathroom are located on the above-ground/lower level. Other notable features include a 2-car brick garage (currently rented for $200 a month to an offsite tenant) equipped with 220 electric service and a newer garage door opener motor. Other property highlights include newer exterior concrete sidewalks and a concrete patio in the backyard, 2017 low-maintenance windows, a roof installed in 2017, and a water heater from 2015. The property is equipped with one gas meter and three electric meters. Conveniently situated right off I-55 and Cicero, this multi-unit property is minutes away from all nearby conveniences, restaurants, and shopping. Only 20 minutes from downtown with fast access to the CTA orange line & Midway airport, this investment opportunity not only provides a well-appointed living space but also strategic proximity to key transportation hubs, ensuring both comfort and convenience for residents. Don't say 'should have,' 'would have' later-avoid regrets & secure your viewing appointment now before this opportunity slips away!

Last Agent to Sell the Property

Thomas Domasik

RE/MAX 10 in the Park License #475129362 Listed on: 03/14/2024

RE/MAX 10 in the Park

Last Buyer's Agent

Dan Nelson

Compass License #475189264

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,619

Year Built

  • Built in 1962 | Remodeled in 2018

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 32x125
  • Fenced Yard
  • Landscaped Professionally
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 3 Bathrooms

Additional Features

  • Basement Fills Entire Space Under The House
  • Patio
  • Heating System Uses Natural Gas

Community Details

Overview

  • 3 Units
  • 2 Flat

Building Details

  • Fuel Expense $2,400
  • Insurance Expense $2,200
  • Water Sewer Expense $1,800
  • Gross Income $54,600
  • Net Operating Income $41,580

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,619

Year Built

Built in 1962 | Remodeled in 2018

Lot Details

3,920 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1962
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2018
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2018

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 9
  • Basement Description: Finished
  • Below Grade Bedrooms: 0

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • Lot Features: Fenced Yard, Landscaped
  • OtherStructures: None
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 1800

Lot Info

  • Lot Size Acres: 0.09
  • Lot Dimensions: 32X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • Net Operating Income: 41580
  • Fuel Expense: 2400
  • Insurance Expense: 2200
  • GrossIncome: 54600
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 6619.23
  • Tax Year: 2022
  • Tax Exemptions: None

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2024
Closed on
Apr 2, 2024
Sold by
Bought by
Seller's Agent
Thomas Domasik
RE/MAX 10 in the Park
Buyer's Agent
Dan Nelson
Compass
List Price
$519,873
Sold Price
$507,500
Premium/Discount to List
-$12,373
-2.38%
Views
81

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,625
Interest Rate
0.075%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,602
Interest Rate
0.0462%
Mortgage Type
FHA

Purchase Details

Listed on
Sep 5, 2012
Closed on
Feb 20, 2013
Sold by
Bought by
Seller's Agent
Krystal Kelham
Absolute Realty Source Corp.
Buyer's Agent
Presciliano Del Real
Su Familia Real Estate Inc
List Price
$225,000
Sold Price
$190,000
Premium/Discount to List
-$35,000
-15.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,558
Interest Rate
0.035%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 30, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
0.071%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 15, 1999
Sold by
Bought by

Purchase Details

Closed on
Jul 25, 1997
Sold by
Bought by

Purchase Details

Closed on
Dec 23, 1996
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$507,500 Chicago Title
$298,000 Old Republic Title
$190,000 Heritage Title Company
-- --
-- --
-- --
$154,000 Attorneys Natl Title Network
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $380,240
Closed $380,625
Previous Owner $292,602
Closed $186,558
Previous Owner $145,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/18/2024 04/18/24 Sold $507,500 -2.4% --
03/24/2024 03/24/24 Pending -- -- --
03/14/2024 03/14/24 For Sale $519,873 +173.6% --
02/20/2013 02/20/13 Sold $190,000 -11.6% -- View Prior Sale
12/05/2012 12/05/12 Pending -- -- --
10/04/2012 10/04/12 Price Changed $215,000 -4.4% --
09/05/2012 09/05/12 For Sale $225,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,788 $35,000 $4,800 $30,200
2024 $6,788 $35,000 $4,800 $30,200
2023 $6,619 $32,000 $3,800 $28,200
2022 $6,619 $32,000 $3,800 $28,200
2021 $6,435 $32,000 $3,800 $28,200
2020 $4,705 $20,982 $3,800 $17,182
2019 $4,821 $23,844 $3,800 $20,044
2018 $4,741 $23,844 $3,800 $20,044
2017 $5,662 $26,128 $3,400 $22,728
2016 $5,268 $26,128 $3,400 $22,728
2015 $4,823 $26,128 $3,400 $22,728
2014 $3,684 $19,701 $3,200 $16,501
2013 $3,130 $19,701 $3,200 $16,501
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11954701

Midwest Real Estate Data (MRED)
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