NOT LISTED FOR SALE

5007 W Jackson Blvd Chicago, IL 60644

Austin Neighborhood
40 Beds
40 Baths
-- Sq Ft
1958 Built

Last Sold February 28, 2014

Last sale price $885,000

84 Days on Market

About This Home

As of February 2014

5007-5019 W. Jackson is a 5 (8) unit, apartment buildings, Total of forty (40) units w/35 parking spaces offered for sale as a package. Located few blocks from the blue line (Cicero- Forest Park) stop. 12 units have been rehabbed in the last two months w/ fresh paint, new carpet or hardwood floors and about 20 units in the last year. Long term tenants with only 5 units vacant and 95% collection.

Last Agent to Sell the Property

Mohammed Cheaib

Showaib Properties License #471008564 Listed on: 11/14/2013

Last Buyer's Agent

Mohammed Cheaib

Showaib Properties License #471008564 Listed on: 11/14/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • 1958

Home Design

  • Brick Exterior Construction

Utilities

  • Window Unit Cooling System

Community Details

  • Fuel Expense $30,000
  • Insurance Expense $8,129

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1958

Lot Details

0

Listing Details

  • Built Before 1978 (Y/N): Yes
  • Ownership Type: Individual
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2012
  • Net Oper Income: 15361
  • Outdoor Parking: 19-30 Spaces
  • Repairs Decor Expense: 12000
  • Roof Structure: Flat
  • Scavenger Expense: 3600
  • Total Annual Exp: 121781
  • Total Annual Income: 275400
  • Total Monthly Income: 27000
  • Number of Ranges: 40
  • Number Of Refrigs: 40
  • Number Of Window A C: 40
  • Number Of Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1958

Exterior Features

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

Garage/Parking

  • Number Of Parking Spaces: 35

Utilities

  • Air Conditioner: Window Unit/s
  • Heatventilation: Gas
  • Water Expense: 30000

Condo/Co-op/Association

  • Units in Building: 40

Fee Information

  • Electricity Expense: 3000
  • Janitor Expense: 4800

Lot Info

  • Lot Dimensions: 39680

Rental Info

  • Gross Rental Income: 32400
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2012
  • Fuel Expense: 30000
  • Gross Rent Multiplier: 3.9
  • Insurance Expense: 8129

Range of Values:

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List Price
Sold Price
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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
02/28/2014 02/28/14 Sold $885,000 -11.5% --
02/06/2014 02/06/14 Pending -- -- --
11/14/2013 11/14/13 For Sale $1,000,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08487961

Midwest Real Estate Data (MRED)

APN: 16162130790000