$890,000
SOLD MAR 6, 2025
-- Bed
-- Bath
6,342 Sq Ft
1918 Built

Recently Sold

$140 Per Sq Ft

1% Below List Price

88 Days on Market

About This Home

As of March 2025

LOCATED IN THE HIGHLY DESIRABLE NORTHWEST SIDE OF CHICAGO, THIS WELL-MAINTAINED CORNER RED BRICK BUILDING FEATURES SIX (6) SPACIOUS 2BD/1BA UNITS. THIS PROPERTY OFFERS EXCELLENT AMENITIES, INCLUDING A 3-CAR ATTACHED GARAGE AND AN ON-SITE, BUILDING-OWNED LAUNDRY FACILITY FOR TENANT CONVENIENCE. THE BUILDING IS SERVICED BY OWNER-PROVIDED HOT WATER, WHILE RESIDENTS ARE RESPONSIBLE FOR THEIR OWN COOKING GAS, HVAC GAS, AND ELECTRICITY. THIS PROPERTY IS IDEALLY POSITIONED TO GENERATE CONSISTENT RENTAL INCOME AND OFFERS STRONG POTENTIAL FOR FUTURE APPRECIATION IN A SOUGHT-AFTER NEIGHBORHOOD. THIS IS A RARE OPPORTUNITY FOR INVESTORS SEEKING STABLE CASH FLOW AND LONG-TERM GROWTH IN ONE OF CHICAGO'S ESTABLISHED RESIDENTIAL AREAS. PROPERTY HIGHLIGHTS: -75-GALLON HOT WATER TANKS (INSTALLED IN 2022) -SEPARATE GAS HVAC FOR EACH UNIT (RESIDENT PAID) -BUILDING-OWNED LAUNDRY FACILITY -(3)-CAR ATTACHED GARAGE

Last Agent to Sell the Property

Jamison Klassman

Revive Real Estate LLC License #475137827 Listed on: 09/26/2024

Last Buyer's Agent

Melissa Maierhofer

Becovic Management Group Inc License #475201260

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,406

Year Built

  • Built in 1918

Utilities

  • Central Air
  • Heating System Uses Gas

Additional Features

  • 3-Story Property
  • Lot Dimensions are 30 x 125

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $509
  • Fuel Expense $903
  • Insurance Expense $7,941
  • Maintenance Expense $900
  • Other Expense $300
  • Trash Expense $1,200
  • Water Sewer Expense $4,286
  • Operating Expense $38,047
  • Gross Income $111,240
  • Net Operating Income $73,192

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,406

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 3
  • Year Built: 1918
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0

Garage/Parking

  • Indoor Parking: 1-5 Spaces

Utilities

  • Cooling: Central Air
  • Heat/Ventilation: Gas

Fee Information

  • Trash Expense: 1200
  • Water Sewer Expenses: 4286

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 30 X 125

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 73192
  • Fuel Expense: 903
  • Insurance Expense: 7941
  • ElectricExpense: 509
  • GrossIncome: 111240
  • Maintenance Expense: 900
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 38047
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 14406
  • Tax Year: 2023

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
03/06/2025 03/06/25 Sold $890,000 -0.6% $140 / Sq Ft
12/23/2024 12/23/24 Pending -- -- --
12/06/2024 12/06/24 For Sale $895,000 0.0% $141 / Sq Ft
11/26/2024 11/26/24 Pending -- -- --
11/22/2024 11/22/24 Price Changed $895,000 -10.1% $141 / Sq Ft
10/15/2024 10/15/24 Price Changed $995,000 -7.9% $157 / Sq Ft
09/26/2024 09/26/24 For Sale $1,080,000 -- $170 / 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: 12173259

Midwest Real Estate Data (MRED)

APN: 13221130180000