NOT LISTED FOR SALE
20 Beds
13 Baths
13,000 Sq Ft
7,607 Sq Ft Lot

Sale Details

Date Sold: March 7, 2024

Last sale price $1,300,000 $100 Per Sq Ft

10 Days on Market

Highlights

  • 6 Fireplaces
  • 4-minute walk to 51St Street Station
  • Central Heating and Cooling System
  • Brick Exterior Construction

About This Home

As of March 2024

Exceptional Investment Opportunity in Vibrant Bronzeville Set on Historic King Drive. Stately fully stabilized enormous all masonry center entrance side by side 6 residential units + 3 car garage and 3 gated exterior parking spaces NOI $146,695 /9.7% CAP. Largely Gut Renovated 2021 include interior unit demo to studs, electrical, plumbing, HVAC, H20, millwork, flooring, windows, kitchens, and baths, offer abundant choice for numerous investment objectives. Intelligent design, expansive floorplans, Unit Mix includes massive (5) 3 bedroom 2 Baths and (1) 5-bedroom 3 bath duplex. Significant appointments, professional grade kitchens, in suite primary bedroom/bath, resort inspired bathrooms, individual HVAC, washer dryers in units in 5 of 6 units, wide plank engineered flooring, decorative fireplaces flanked by built ins, designer lighting and front terraces are a soft sampling of all unit features. Palpable growth asset Exceptional location provides urban intimacy coupled with hyper-convenience and strong proximity to U of C ecosystem, Lakefront, Rush Medical Center, Loop, Green Line, Expressways. 48 hours' notice M-F 10am to 4pm to show. Rare opportunity to obtain sizeable footprint strategically positioned for continue long term growth. See brokers private remarks.

Last Agent to Sell the Property

Karen Biazar

North Clybourn Group, Inc. License #471003309 Listed on: 01/11/2024

Co-Listed By

Staci Slattery

North Clybourn Group, Inc. License #471017646

Last Buyer's Agent

Lauren Lampert

Fulton Grace Realty License #475188313

Fulton Grace Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,000

Year Built

  • Built in 1890

Lot Details

  • 7,607 Sq Ft Lot
  • Lot Dimensions are 50.7 x 149.79

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Siding

Interior Spaces

  • 13,000 Sq Ft Home
  • 3-Story Property
  • 6 Fireplaces
  • Partially Finished Basement
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 13 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

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

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $1,800
  • Insurance Expense $4,000
  • Maintenance Expense $10,872
  • Other Expense $5,433
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • Operating Expense $34,508
  • Gross Income $181,200
  • Net Operating Income $146,695

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,000

Year Built

Built in 1890

Lot Details

7,607 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: 1890
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: New Rehab
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 13
  • Total Bedrooms: 20
  • Fireplaces: 6
  • Possible Use: Condominium
  • Basement Description: Partially Finished,Exterior Access
  • Fire Protection: Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • Fireplaces: 5
  • Dishwashers: 6
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 5
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Stone
  • Foundation Details: Other
  • Frontage Type: City Street
  • Exterior Building Type: Brick,Stone
  • Roof Structure: Flat
  • Misc Outside: Balcony/ies

Garage/Parking

  • Outdoor Parking: 1-5 Spaces
  • Indoor Parking: 1-5 Spaces

Utilities

  • Cooling: Central Air, Central Individual
  • Electric: Circuit Breakers
  • Utilities: Sanitary Sewer
  • Heat/Ventilation: Central Heat/Indiv Controls

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1200
  • Water Sewer Expenses: 1200

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50.7 X 149.79
  • Lot Size Sq Ft: 7607
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks

Rental Info

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

Building Info

  • BuildingAreaTotal: 13000
  • Building Unit Info: Smoke/Alarm Detector

Multi Family

  • Net Operating Income: 146695
  • Insurance Expense: 4000
  • ElectricExpense: 1800
  • GrossIncome: 181200
  • Maintenance Expense: 10872
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 34508
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 10000
  • Tax Year: 2021

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
May 4, 2026
Sold by
Bought by

Purchase Details

Listed on
Jan 11, 2024
Closed on
Jan 31, 2024
Sold by
Bought by
Seller's Agent
Karen Biazar
North Clybourn Group, Inc.
Buyer's Agent
Lauren Lampert
Fulton Grace Realty
List Price
$1,499,000
Sold Price
$1,300,000
Premium/Discount to List
-$199,000
-13.28%
Views
88

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,305,000
Interest Rate
0.0664%
Mortgage Type
Construction
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
$1,300,000 None Listed On Document
$1,300,000 None Listed On Document
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
Previous Owner $1,305,000
Previous Owner $1,305,000
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
03/07/2024 03/07/24 Sold $1,300,000 -13.3% $100 / Sq Ft
01/22/2024 01/22/24 Pending -- -- --
01/11/2024 01/11/24 For Sale $1,499,000 -- $115 / 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 $10,853 $127,000 $25,956 $101,044
2024 $10,853 $127,000 $25,956 $101,044
2023 -- $51,269 $25,956 $25,313
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11958783

Midwest Real Estate Data (MRED)
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