NOT LISTED FOR SALE

4811 S Wolcott Ave Chicago, IL 60609

Back of the Yards Neighborhood
42 Beds
21 Baths
4,467 Sq Ft
3,125 Sq Ft Lot

Sale Details

Date Sold: September 22, 2022

Last sale price $352,000 $79 Per Sq Ft

45 Days on Market

About This Home

As of September 2022

Solid, Brick 6 unit building. Potential Cash Cow with extremely low taxes! Each unit is a 2 bed/1 bath unit. Tenants are responsible for the heat and electric. 4 of the 6 units are occupied, so we do require 48 hour showing request notice and will only be showing the 2 vacant units, common area and basements. Please note - property sold AS-IS/WHERE-IS, Seller will make no repairs, no survey delivered, taxes paid through 2021 1st installment - with no tax prorations for the 2021 2nd installment tax year or years thereafter, inspections waived. Seller rider is attached and is required to be signed by all parties. A $10,000 non-refundable earnest money deposit is required. *** Financials are pro forma broker estimates for information purposes only cannot be relied on as actual figures.

Last Agent to Sell the Property

Laura McNellis

McSully Properties LLC License #471002753 Listed on: 07/14/2022

Last Buyer's Agent

Francisco Ordaz

Kale Realty License #475133461

Kale Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,122

Year Built

  • Built in 1910

Lot Details

  • 3,125 Sq Ft Lot
  • Lot Dimensions are 25x125

Home Design

  • Brick Exterior Construction
  • Pitched Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,467 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 42 Bedrooms
  • 21 Bathrooms

Utilities

  • No Cooling
  • Separate Meters
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $3,000
  • Manager Expense $4,536
  • Water Sewer Expense $3,000
  • Operating Expense $16,636
  • Gross Income $64,800
  • Net Operating Income $44,923

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,122

Year Built

Built in 1910

Lot Details

3,125 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1910
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 21
  • Total Bedrooms: 42
  • Possible Use: Multi-Family
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Roof: Other
  • Exterior Building Type: Brick
  • Roof Structure: Pitched

Garage/Parking

  • Outdoor Parking: None On Site
  • Indoor Parking: 1-5 Spaces,Detached

Utilities

  • Cooling: None
  • Electric: Circuit Breakers, Service - 0 to 100 Amps
  • Utilities: Sewer-Storm Available, Water-Municipal
  • Heat/Ventilation: Separate Per Unit

Condo/Co-op/Association

  • Manager Expense: 4536
  • Unincorporated (Y/N): No

Fee Information

  • Water Sewer Expenses: 3000

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X125
  • Lot Size Sq Ft: 3125
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 4467

Multi Family

  • Net Operating Income: 44923
  • Insurance Expense: 3000
  • GrossIncome: 64800
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 16636
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 2122
  • Tax Year: 2020

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

Closed on
Nov 10, 2023
Sold by
Bought by

Purchase Details

Listed on
Jul 14, 2022
Closed on
Sep 15, 2022
Sold by
Bought by
Seller's Agent
Laura McNellis
McSully Properties LLC
Buyer's Agent
Francisco Ordaz
Kale Realty
List Price
$395,000
Sold Price
$352,000
Premium/Discount to List
-$43,000
-10.89%

Purchase Details

Closed on
Apr 28, 2022
Sold by
Bought by

Purchase Details

Closed on
Mar 16, 2010
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
-- None Listed On Document
$352,000 Stewart Title Company
-- None Listed On Document
$150,000 Ticor Title
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
09/22/2022 09/22/22 Sold $352,000 -4.9% $79 / Sq Ft
08/29/2022 08/29/22 Pending -- -- --
08/02/2022 08/02/22 Price Changed $370,000 -6.3% $83 / Sq Ft
07/14/2022 07/14/22 For Sale $395,000 -- $88 / Sq Ft
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 $2,333 $33,000 $1,800 $31,200
2024 $2,333 $33,000 $1,800 $31,200
2023 $1,568 $11,000 $2,400 $8,600
2022 $1,568 $11,000 $2,400 $8,600
2021 $1,542 $11,000 $2,400 $8,600
2020 $2,212 $12,970 $3,000 $9,970
2019 $2,392 $15,259 $3,000 $12,259
2018 $2,351 $15,259 $3,000 $12,259
2017 $2,304 $14,010 $2,700 $11,310
2016 $2,321 $14,010 $2,700 $11,310
2015 $2,102 $14,010 $2,700 $11,310
2014 $2,108 $13,841 $2,550 $11,291
2013 $2,055 $13,841 $2,550 $11,291
Source: Public Records

Agents Affiliated with this Home

  • Laura McNellis

    Seller's Agent in 2022

    Laura McNellis

    McSully Properties LLC

    (708) 227-2418

    5 in this area

    198 Total Sales

    Laura McNellis
    Section Image

  • F

    Buyer's Agent in 2022

    Francisco Ordaz

    Kale Realty

    (773) 418-6001

    6 in this area

    47 Total Sales

    Francisco Ordaz
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11464219

Midwest Real Estate Data (MRED)

APN: 20072100050000

Illinois Cook County Chicago 60609 Back of the Yards

4811 S Wolcott Ave, Chicago, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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