NOT LISTED FOR SALE

5015 N Springfield Ave Chicago, IL 60625

Albany Park Neighborhood
6 Beds
3 Baths
-- Sq Ft
1925 Built

Sale Details

Date Sold: June 6, 2022

Last sale price $577,000

70 Days on Market

Highlights

  • Den
  • 2 Car Detached Garage
  • Soaking Tub

About This Home

As of June 2022

(See Additional Information Section for operating statements) We are pleased to present this multi-family real estate opportunity in the Albany Park neighborhood of Chicago. The subject property is located 8.2 miles north of Chicago's downtown loop area, 1.3 miles east of the Edens Expressway, 0.9 miles northwest of the CTA's Kimball Brown Line train station, 0.2 miles east of the CTA's Pulaski & Argyle bus 53 stop, and 1.0 miles away from North Park University. - The unit mix for the subject property consists of three two-bedroom one-bathroom units that measure 983 square feet respectively, with the potential opportunity to build out the unfinished basement and collect additional rental income. - The neighborhood boasts an unmatched array of multicultural restaurants, including local favorite Noon-O-Kabab and the celebrated falafel of Semiramis. Along the Lawrence Avenue corridor, you will discover independently-owned grocery stores, delicious Korean cuisine and a collection of highly regarded Middle Eastern and Mexican restaurants. - An investor can take full advantage of this real estate opportunity by capitalizing on the prime location of this asset plus the ability to cash flow the property immediately.

Last Agent to Sell the Property

Rocco Zaccaro

Coldwell Banker Realty License #475179214 Listed on: 01/24/2022

Coldwell Banker Realty

Last Buyer's Agent

Kelley Latting

Baird & Warner License #475190236

Baird & Warner
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,276

Year Built

  • Built in 1925

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Den
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms
  • Soaking Tub

Lot Details

  • Lot Dimensions are 30x125

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Lake Michigan Water

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,276

Year Built

Built in 1925

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1925
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Room Type: Den
  • Basement Description: Unfinished
  • Bathroom Amenities: Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Window Air Conditioner,Fireplace-Artificial,Garage/Space,Range Hood,Hardwood Floors,Oven/Built-in
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Window Air Conditioner,Fireplace-Artificial,Garage/Space,Range Hood,Hardwood Floors,Oven/Built-in
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Window Air Conditioner,Fireplace-Artificial,Garage/Space,Range Hood,Hardwood Floors,Oven/Built-in

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Lot Info

  • Lot Dimensions: 30X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 7275.86
  • Tax Year: 2020

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

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
Jan 24, 2022
Closed on
Jun 2, 2022
Sold by
5015 N Springfield Llc
Bought by
Seller's Agent
Rocco Zaccaro
Coldwell Banker Realty
Buyer's Agent
Kelley Latting
Baird & Warner
Sold Price
$577,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,000
Outstanding Balance
$372,706
Interest Rate
5.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2016
Sold by
Finocchiaro Peter D
Bought by
5015 N Springfield Llc

Purchase Details

Closed on
May 6, 2016
Sold by
Finocchiaro Peter D
Bought by
5015 N Springfiled Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,750
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 26, 2016
Sold by
N Springfield Llc
Bought by
Finocchiaro Peter D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,750
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 29, 2012
Sold by
Stokes Tracey J and Finocchiaro Peter D
Bought by
5015 N Springfield Llc

Purchase Details

Closed on
Nov 26, 2011
Sold by
5015 N Springfield Llc
Bought by
Stokes Tracey J and Finocchiaro Peter D

Purchase Details

Closed on
Oct 22, 2010
Sold by
Stokes Tracey J
Bought by
5015 N Springfield Llc

Purchase Details

Closed on
Oct 6, 2010
Sold by
5015 N Springfield Llc
Bought by
Stokes Tracey J

Purchase Details

Closed on
Mar 31, 2007
Sold by
Stokes Tracey J
Bought by
5015 N Springfield Llc

Purchase Details

Closed on
Jan 11, 2007
Sold by
5015 N Springfield Llc
Bought by
Stokes Tracey J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,644
Interest Rate
6.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 15, 2004
Sold by
Stokes Tracey J
Bought by
5015 N Springfield Llc

Purchase Details

Closed on
Nov 24, 2003
Sold by
Stokes Tracey J and Finnochiaro Peter D
Bought by
Stokes Tracey J

Purchase Details

Closed on
Apr 3, 2003
Sold by
Stokes Tracey J
Bought by
Finocchiaro Peter D and Stokes Tracey J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,750
Interest Rate
5.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 24, 2002
Sold by
Stokes Tracey J
Bought by
Finocchiaro Peter D and Stokes Tracey J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,750
Interest Rate
6.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2001
Sold by
Finocchiaro Peter D and Stokes Tracey J
Bought by
Stokes Tracey J

Purchase Details

Closed on
May 18, 2001
Sold by
Bui Mai T
Bought by
Finocchiaro Peter D and Stokes Tracey J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,750
Interest Rate
7.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 1, 2000
Sold by
Silva Jaime O
Bought by
Bui Mai T
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Albany Park, IL

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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
$572,000 First American Title
5015 N Springfield Llc -- First American Title
5015 N Springfiled Llc -- None Available
Finocchiaro Peter D -- None Available
5015 N Springfield Llc -- None Available
Stokes Tracey J -- Prairie Title
5015 N Springfield Llc -- None Available
Stokes Tracey J -- None Available
5015 N Springfield Llc -- Accommodation
Stokes Tracey J -- None Available
5015 N Springfield Llc -- --
Stokes Tracey J -- --
Finocchiaro Peter D -- Cti
Finocchiaro Peter D -- --
Stokes Tracey J -- --
Finocchiaro Peter D $345,000 Lawyers Title Insurance Corp
Finocchiaro Peter D $345,000 Lawyers Title Insurance Corp
Bui Mai T $340,000 --
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
Open $397,000
Previous Owner Finocchiaro Peter D $200,750
Closed Stokes Tracey J $247,644
Closed Finocchiaro Peter D $258,750
Previous Owner Finocchiaro Peter D $258,750
Previous Owner Finocchiaro Peter D $258,750
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
06/06/2022 06/06/22 Sold $577,000 +2.1% --
04/05/2022 04/05/22 Pending -- -- --
03/28/2022 03/28/22 Price Changed $565,000 -2.6% --
02/18/2022 02/18/22 For Sale -- -- --
02/12/2022 02/12/22 Pending -- -- --
01/24/2022 01/24/22 For Sale $580,000 -- --
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 $3,146 $95,340 $0 $95,340
2024 $3,110 $94,240 $0 $94,240
2023 $2,993 $90,700 $0 $90,700
2022 $2,195 $66,520 $0 $0
2021 $1,508 $66,520 $0 $0
2020 $1,381 $40,480 $0 $0
2019 $1,286 $37,600 $0 $0
2018 $1,190 $34,700 $0 $0
2017 $1,095 $31,820 $0 $0
2016 $936 $27,000 $0 $0
2015 $936 $27,000 $0 $0
2014 $884 $25,440 $0 $0
2013 -- $23,140 $0 $0
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11310422

Midwest Real Estate Data (MRED)
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