NOT LISTED FOR SALE
18 Beds
15 Baths
-- Sq Ft
4,597 Sq Ft Lot

Last Sold August 18, 2023

Last sale price $2,565,000

79 Days on Market

About This Home

As of August 2023

RECENTLY RENOVATED EIGHT UNIT INVESTMENT OPPORTUNITY IN THE HEART OF LINCOLN SQUARE. THE RENOVATION INCLUDED EVERYTHING - NEW PLUMBING, ELECTRIC, HVAC, WATER SERVICE AND SEWER REPLACEMENT, IN-UNIT LAUNDRY, WINDOWS, AND ALL NEW CONDO QUALITY FINISHES THROUGHOUT. EACH APARTMENT FEATURES HARDWOOD FLOORS, LARGE WINDOWS THAT FLOOD THE SPACES WITH NATURAL LIGHT AND BRAND NEW STAINLESS STEEL APPLIANCES AND STONE COUNTER TOPS IN THE KITCHENS. EXCELLENT UNIT MIX OF 1, 2, 3 AND EVEN 4 BEDROOM APARTMENTS, FOUR OF WHICH ARE DUPLEXES. PHENOMENAL ACCESS TO PUBLIC TRANSPORTATION VIA THE BROWN LINE AT WESTERN AND DAMEN AS WELL AS THE RAVENSWOOD METRA. LINCOLN SQUARE IS HOME TO SOME OF CHICAGO'S BEST DINING, ENTERTAINMENT, AND SHOPPING DESTINATIONS AND WILL CONTINUE TO BE AN EXTREMELY ATTRACTIVE PLACE FOR RESIDENTS.

Last Agent to Sell the Property

Kevin Schnell

33 Realty License #471021306 Listed on: 02/21/2023

Co-Listed By

Brandon Carlson

Hideout III LLC License #471022323

Last Buyer's Agent

alex pappas

Alex Pappas License #471006404

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,185

Year Built

  • Built in 1919

Lot Details

  • 4,597 Sq Ft Lot
  • Lot Dimensions are 37.4 x 122.8

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Wood Frame Construction
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 15 Bathrooms

Additional Features

  • 2-Story Property
  • Central Heating and Cooling System
  • Finished Basement

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat, hot water

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $1,027
  • Insurance Expense $5,445
  • Maintenance Expense $7,500
  • Manager Expense $9,936
  • Other Expense $2,400
  • Trash Expense $3,925
  • Water Sewer Expense $2,650
  • Operating Expense $49,948
  • Gross Income $229,140
  • Net Operating Income $179,192

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,185

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1919
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: New Rehab
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 15
  • Total Bedrooms: 18
  • Possible Use: Multi-Family
  • Basement Description: Finished
  • Fireplaces: 8
  • Drive-In Doors: 8
  • Dishwashers: 8
  • Refrigerators: 8
  • Ranges: 8
  • Number of Washers: 8
  • Room: 6
  • Room: 6
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Wood Frame
  • Foundation Details: Concrete Perimeter
  • List Price: 2650000
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Utilities

  • Cooling: Central Individual
  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Manager Expense: 9936
  • Conversion YN: N

Fee Information

  • Trash Expense: 3925
  • Water Sewer Expenses: 2650
  • Janitor Expense: 2880

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 37.4 X 122.8
  • Lot Size Sq Ft: 4597
  • Zoning: COMMR

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
  • Board Number: 8

Multi Family

  • Net Operating Income: 179192
  • Insurance Expense: 5445
  • ElectricExpense: 1027
  • GrossIncome: 229140
  • Maintenance Expense: 7500
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 49948
  • Expense Year: 2022
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 14185
  • Tax Year: 2021

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 Change Sq Ft Price
08/18/2023 08/18/23 Sold $2,565,000 -3.2% --
05/12/2023 05/12/23 Pending -- -- --
04/11/2023 04/11/23 Price Changed $2,650,000 -1.7% --
02/21/2023 02/21/23 For Sale $2,695,000 -- --
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: 11723217

Midwest Real Estate Data (MRED)