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

Sale Details

Date Sold: July 31, 2020

Last sale price $675,000 $0 Per Sq Ft

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

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
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

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 $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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