NOT LISTED FOR SALE
7 Beds
6 Baths
-- Sq Ft
1930 Built

Last Sold July 31, 2020

Last sale price $675,000

5 Days on Market

About This Home

As of July 2020

Solid yellow brick 6-flat sited on 47x188 lot fully leased investment property located in Portage Park. Long time 30yrs+ owner maintained this property and updated as needed. All units feature vintage finishes. Beautiful wood trim, stained glass windows,4 decorative fireplaces and hardwood floors. Building features 1- 5 room-2bdrm, 3- 4 room 1bdrm, 2-3 room 1bdrm and basement offers extra living space. Separate utilities including separate furnaces and hot water tanks 2 units have C/A. Enclosed back porches 2 patio areas, side driveway, 4 car garage, 3 outside parking spaces, coin laundry and no scavenger needed, City picks up trash. Tenants are on m/m bases (one lease ending 4/30/21). Building has a ton of potential for income growth rents are below market. Don't miss this investment opportunity! Seller and/or listing Agent & Broker do not represent to the legality of Non-Conforming garden unit#7

Last Agent to Sell the Property

Susan Romano

Real Estate Solutions Investment Group, Inc. License #471015124 Listed on: 05/31/2020

Last Buyer's Agent

Michael Hobin

Coldwell Banker Realty License #475154595

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1930

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Utilities

  • Central Air

Additional Features

  • Partially Finished Basement

Community Details

  • Fuel Expense $1,000
  • Insurance Expense $3,145

Listing and Financial Details

  • Tenant pays for electric, heat, hot water

Property Details

Home Type

Multi-Family

Year Built

1930

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Land Trust
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2019
  • Net Oper Income: 39759
  • Outdoor Parking: 1-5 Spaces
  • Repairs Decor Expense: 500
  • Roof Coverings: Rubber
  • Roof Structure: Flat
  • Total Annual Exp: 20396
  • Total Annual Income: 60155
  • Total Monthly Income: 5013
  • Number of Ranges: 7
  • Number Of Refrigs: 7
  • Number Of Stories: 2
  • Estimated Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1930

Interior Features

  • Basement: Partially Finished

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Indoor Parking: 1-5 Spaces
  • Number Of Parking Spaces: 7

Utilities

  • Air Conditioner: Central Air
  • Heatventilation: Forced Air, Gas
  • Water Expense: 3900

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 618

Lot Info

  • Lot Dimensions: 47 X 188
  • Parcel Identification Number: 13214030390000

Rental Info

  • Gross Rental Income: 60155
  • Tenant Pays: Electric, Heat, Hot Water

Multi Family

  • Expense Year: 2019
  • Fuel Expense: 1000
  • Gross Rent Multiplier: 11
  • Insurance Expense: 3145
  • Number Of Dryers: 2
  • Number Of Washers: 2

Tax Info

  • Taxes: 11233
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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
07/31/2020 07/31/20 Sold $675,000 -0.7% --
06/05/2020 06/05/20 Pending -- -- --
05/31/2020 05/31/20 For Sale $680,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

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 $11,400 $70,000 $27,974 $42,026
2024 $11,400 $70,000 $27,974 $42,026
2023 $11,113 $54,000 $22,560 $31,440
2022 $11,113 $54,000 $22,560 $31,440
2021 $10,865 $54,000 $22,560 $31,440
2020 $11,021 $49,444 $13,084 $36,360
2019 $11,425 $56,833 $13,084 $43,749
2018 $11,233 $56,833 $13,084 $43,749
2017 $12,428 $57,700 $11,731 $45,969
2016 $11,563 $57,700 $11,731 $45,969
2015 $11,625 $63,401 $11,731 $51,670
2014 $10,094 $54,362 $10,828 $43,534
2013 $9,894 $54,362 $10,828 $43,534
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10730862

Midwest Real Estate Data (MRED)

APN: 13214030390000

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