Valerie Wright
RE/MAX Premier
(855) 798-0256
23 Total Sales
1 in Grand Boulevard
$675,000 Price
4841 S Langley Ave Chicago, IL 60615
Grand Boulevard Neighborhood
16
Beds
6
Baths
7,853
Sq Ft
6,098
Sq Ft Lot
About This Home
As of December 20214841 S. Langley is an oversized six (6) unit, center entranced walk-up located in the historic Bronzeville neighborhood of Chicago's South Side. 4841 S. Langley is comprised of four (4) 3Bd/1.5Ba and two (2) 2Bd/1Ba that have been meticulously maintained and recently updated. All of which are incredibly spacious and feature an abundance of natural light. Furthermore, the units are all equipped modern kitchens with stainless steel appliances and updated bathrooms. Additionally, all of the units feature resurfaced hardwood flooring . Recentcapital improvements to the building consist of, but not limited to, a newer roof, updated plumbing and electric, and individual inunit furnaces within the past few years. 4841 S. Langley presents an investor a unique opportunity of not only acquiring an asset in one of Chicago's most desirable and appreciating neighborhoods, but also the ability to capitalize on a strong tenant base with an in place cap rate exceeding 7%. Solely by stabilizing the rental rates to the current market rate, there is an opportunity to achieve an 8.3% cap rate.
Last Agent to Sell the Property
Aaron Sklar
Kiser Group Realty Inc License #475161507 Listed on: 08/25/2021
Co-Listed By
Noah Birk
Kiser Group Realty Inc License #475125864
Last Buyer's Agent
Noah Birk
Kiser Group Realty Inc License #475125864
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,817
Year Built
- Built in 1903
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 50' x 122'
Home Design
- Garden Apartment
Bedrooms and Bathrooms
- 16 Bedrooms
- 6 Bathrooms
Additional Features
- 3-Story Property
- Floor Furnace
Listing and Financial Details
- Tenant pays for electricity, heat
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $483
- Fuel Expense $1,147
- Insurance Expense $3,217
- Maintenance Expense $2,000
- Manager Expense $4,295
- Other Expense $1,500
- Trash Expense $1,795
- Water Sewer Expense $7,287
- Operating Expense $31,340
- Gross Income $90,420
- Net Operating Income $54,559
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Grand Boulevard, IL
-
Valerie Wright
-
Shanara Carter
Shanara Carter
eXp Realty
(877) 850-0972
113 Total Sales
3 in Grand Boulevard
$228K - $790K Price Range
-
Lonzetta McKennie
Lonzetta McKennie
@properties Christie's International Real Estate
(331) 241-6916
33 Total Sales
3 in Grand Boulevard
$256K - $369K Price Range
-
Darren Allen
Darren Allen
Real Broker LLC
(224) 507-1815
292 Total Sales
2 in Grand Boulevard
$290K - $315K Price Range
-
Ryan Luu
Ryan Luu
Real People Realty
(708) 859-6910
177 Total Sales
2 in Grand Boulevard
$220K - $375K Price Range
-
Rafay Qamar
Rafay Qamar
Real Broker LLC
(833) 359-9113
1,071 Total Sales
4 in Grand Boulevard
$220K - $399K Price Range
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 |
|---|---|---|---|
| -- | -- | ||
| Avadalas Constantine | -- | Greater Illinois Title | |
| Bronzeville Jd Llc | $630,000 | Greater Illinois Title | |
| Gpca Llc | $255,000 | Ct | |
| Corona Investments Llc | $174,500 | None Available |
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 | $486,849 | ||
| Previous Owner | Jd Llc | $22,500,000 | |
| Previous Owner | Bronzeville Jd Llc | $1,575,000 | |
| Previous Owner | Gpca Llc | $425,000 |
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 |
|---|---|---|---|---|
| 12/10/2021 12/10/21 | Sold | $748,999 | -3.4% | $95 / Sq Ft |
| 08/27/2021 08/27/21 | For Sale | $775,000 | -- | $99 / 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 | $9,568 | $47,672 | $21,875 | $25,797 |
| 2024 | $9,568 | $73,469 | $21,875 | $51,594 |
| 2023 | $9,325 | $45,198 | $21,875 | $23,323 |
| 2022 | $9,325 | $45,198 | $21,875 | $23,323 |
| 2021 | $10,690 | $53,000 | $21,875 | $31,125 |
| 2020 | $7,627 | $34,237 | $10,625 | $23,612 |
| 2019 | $7,817 | $38,906 | $10,625 | $28,281 |
| 2018 | $7,685 | $38,906 | $10,625 | $28,281 |
| 2017 | $6,110 | $28,383 | $8,750 | $19,633 |
| 2016 | $6,658 | $33,242 | $8,750 | $24,492 |
| 2015 | $6,091 | $33,242 | $8,750 | $24,492 |
| 2014 | $4,531 | $24,421 | $7,500 | $16,921 |
| 2013 | $2,205 | $12,647 | $7,500 | $5,147 |
Source: Public Records
Agents Affiliated with this Home
-
AS
Seller's Agent in 2021
Aaron Sklar
Kiser Group Realty Inc
-
NB
Seller Co-Listing Agent in 2021
Noah Birk
Kiser Group Realty Inc
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11202201
APN: 20102130160000
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.
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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