NOT LISTED FOR SALE
6 Beds
3 Baths
-- Sq Ft
1901 Built

Sale Details

Date Sold: March 24, 2017

Last sale price $320,000

3 Days on Market

About This Home

As of March 2017

Meticulously cared for 2 Flat in Portage Park with tremendous investment opportunity! Two spacious and modernized 2 bedrooms / 1 bath units with an additional 2 bed/ 1 bath in-law suite in basement. Building updates include new shingle roof, new back siding, new flashing for all windows, freshly painted exterior, new side walk & concrete patio, all efficient windows, new electrical meter and primary cable and EMT tubing, and the list goes on. Live in one unit and rent the other OR buy turnkey investment and collect 20k in NET income annually - a whopping 6.9% CAP rate! Garage parking and one exterior spot. Beautiful yard and ideal location near six corners on quiet one way street!

Last Agent to Sell the Property

Nicholas Rendleman

Real Broker LLC License #471021414 Listed on: 12/08/2016

Last Buyer's Agent

German Llanos

24 Hour Real Estate LLC License #471001789

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,293

Year Built

  • Built in 1901

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Block Foundation
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 25x124

Community Details

Overview

  • 2 Units
  • 2 Flat

Building Details

  • Gross Income $27,600
  • Net Operating Income $20,107

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,293

Year Built

Built in 1901

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1901
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Block, Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick,Block

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Fee Information

  • Other Expenses $: 1200

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X124
  • Zoning: MULTI
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 20107
  • GrossIncome: 27600
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 6293
  • Tax Year: 2015
  • Tax Exemptions: None

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

Listed on
Dec 8, 2016
Closed on
Mar 23, 2017
Sold by
Bought by
Seller's Agent
Nicholas Rendleman
Real Broker LLC
Buyer's Agent
German Llanos
24 Hour Real Estate LLC
List Price
$289,900
Sold Price
$320,000
Premium/Discount to List
$30,100
10.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,204
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 11, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,400
Interest Rate
5.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 3, 2008
Sold by
Bought by

Purchase Details

Closed on
Nov 20, 2003
Sold by
Bought by

Purchase Details

Closed on
Feb 20, 1999
Sold by
Bought by

Purchase Details

Closed on
Jul 13, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$320,000 Heritage Title Company
$128,000 First American
-- None Available
-- Chicago Title Insurance Comp
-- --
$158,500 --
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
Closed $314,204
Closed $102,400
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
03/24/2017 03/24/17 Sold $320,000 +10.4% --
12/11/2016 12/11/16 Pending -- -- --
12/08/2016 12/08/16 For Sale $289,900 -- --
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 $7,322 $48,001 $10,763 $37,238
2024 $7,322 $48,001 $10,763 $37,238
2023 $7,117 $38,000 $8,610 $29,390
2022 $7,117 $38,000 $8,610 $29,390
2021 $6,976 $38,000 $8,610 $29,390
2020 $5,514 $27,840 $3,843 $23,997
2019 $5,744 $32,001 $3,843 $28,158
2018 $6,325 $32,001 $3,843 $28,158
2017 $7,394 $34,328 $3,382 $30,946
2016 $6,879 $34,328 $3,382 $30,946
2015 $6,294 $34,328 $3,382 $30,946
2014 $2,845 $15,324 $3,075 $12,249
2013 $2,789 $15,324 $3,075 $12,249
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09401655

Midwest Real Estate Data (MRED)
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