NOT LISTED FOR SALE

4934 W Jackson Blvd Chicago, IL 60644

Austin Neighborhood
72 Beds
36 Baths
11,040 Sq Ft
6,250 Sq Ft Lot

Last Sold September 29, 2023

Last sale price $830,000 $75 Per Sq Ft

66 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • Central Heating and Cooling System
  • 6 Fireplaces
  • Storage Room
  • 4-minute walk to Moore Park

About This Home

As of September 2023

High Cap Rate of 9.3%!!! NEWLY renovated Apartment building! Completely Gut rehabbed! SEPARATE UTILITIES throughout. All units have NEW Individual Forced Air heating systems equipped with A coils for Central AC ready! New Porches, Newly Insulated enclosed porch areas for additional space in all units. New LP Siding, Commercial Oversized Gutters & Downspouts. New Electric wiring throughout, New Plumbing Throughout, New Drywall, insulation, All Kitchens, All Bathrooms, New hardwood Flooring throughout, Appliances throughout, Laundry for additional income. Newer:Windows, Roof, Tuck-pointing! POTENTIAL 4+ Car Brick Garage with brand new footings, roof and supports! 6 UNITS PLUS +1 non-conforming Garden unit for additional income. Great Investment! Close to all transportation. Right between Beautiful Down Town Chicago & Trendy Oak Park! Easy to Rent!!

Last Agent to Sell the Property

Jonie Montalbano

@properties Christie?s International Real Estate License #471016795 Listed on: 05/18/2023

@properties Christie?s International Real Estate

Last Buyer's Agent

Lawrence Dunning

Fulton Grace Realty License #475164126

Fulton Grace Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,279

Year Built

  • Built in 1916

Lot Details

  • 6,250 Sq Ft Lot
  • Lot Dimensions are 50x125

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 11,040 Sq Ft Home
  • 3-Story Property
  • 6 Fireplaces
  • Storage Room
  • Laundry Room

Unfinished Basement

  • Exterior Basement Entry
  • Sub-Basement
  • Basement Storage

Location

  • Property is near public transit

Utilities

  • Central Heating and Cooling System
  • Partial Air Conditioning Available
  • Separate Meters
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $781
  • Fuel Expense $1,800
  • Insurance Expense $4,636
  • Maintenance Expense $1,750
  • Manager Expense $5,023
  • Other Expense $1,200
  • Trash Expense $2,603
  • Water Sewer Expense $4,407
  • Operating Expense $26,270
  • Gross Income $111,060
  • Net Operating Income $84,790

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,279

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Condo/Townhouse
  • Stories: 3
  • Year Built: 1916
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: New Rehab
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 6
  • Possible Use: Multi-Family, Retail
  • Basement Description: Unfinished,Sub-Basement,Exterior Access,Storage Space
  • Fire Protection: Fire Extinguisher/s,Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • Misc Inside: Storage Inside,Laundry Room
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 7
  • Ranges: 7
  • Number of Washers: 1
  • Room: 0

Exterior Features

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

Garage/Parking

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

Utilities

  • Cooling: Central Air, Partial
  • Electric: Circuit Breakers, Separate Meters, Service - 0 to 100 Amps, Service - 101 to 200 Amps
  • Utilities: Water-Municipal
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Manager Expense: 5023
  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 2603
  • Water Sewer Expenses: 4407

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50X125
  • Lot Size Sq Ft: 6250
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 11040

Multi Family

  • Net Operating Income: 84790
  • Fuel Expense: 1800
  • Insurance Expense: 4636
  • ElectricExpense: 781
  • GrossIncome: 111060
  • Maintenance Expense: 1750
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 26270
  • Type Multi-Family: Condo/Townhouse

Tax Info

  • Tax Annual Amount: 4279
  • Tax Year: 2021

Range of Values:

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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
09/29/2023 09/29/23 Sold $830,000 +0.6% $75 / Sq Ft
07/24/2023 07/24/23 Pending -- -- --
05/18/2023 05/18/23 For Sale $825,000 -- $75 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jonie Montalbano

    Seller's Agent in 2023

    Jonie Montalbano

    @ Properties

    (773) 842-2753

    3 in this area

    43 Total Sales

    Jonie Montalbano
    Section Image
  • Lawrence Dunning

    Buyer's Agent in 2023

    Lawrence Dunning

    Fulton Grace

    (312) 286-0427

    6 in this area

    208 Total Sales

    Lawrence Dunning
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11786397

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60644 Austin

4934 W Jackson Blvd, Chicago, IL

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