NOT LISTED FOR SALE
20 Beds
10 Baths
-- Sq Ft
5,663 Sq Ft Lot

Sale Details

Date Sold: August 9, 2024

Last sale price $730,000

279 Days on Market

About This Home

As of August 2024

This home is located at 502 E 74th St, Chicago, IL 60619 since 01 August 2023. This property was built in 1913. 502 E 74th St is a home located in Cook County with nearby schools including Park Manor Elementary School, Englewood STEM High School, and Gary Comer College Prep.

Last Agent to Sell the Property

Tanius Stamper

Greyson Brokerage Group LLC License #471019972 Listed on: 08/01/2023

Last Buyer's Agent

Kassandra Brezill

Coldwell Banker Realty License #475146224

Coldwell Banker Realty
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,815

Year Built

  • Built in 1913

Lot Details

  • 5,663

Interior Spaces

  • 2-Story Property
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 10 Bathrooms

Additional Features

  • Additional Parcels
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, heat, hot water

Community Details

Overview

  • 10 Units

Building Details

  • Electric Expense $350
  • Insurance Expense $3,200
  • Maintenance Expense $250
  • Trash Expense $1,200
  • Water Sewer Expense $400
  • Operating Expense $26,406
  • Gross Income $111,000
  • Net Operating Income $84,594

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,815

Year Built

Built in 1913

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 2
  • Year Built: 1913
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 10
  • Total Bedrooms: 20
  • Room: 0

Utilities

  • Heat/Ventilation: Forced Air
  • Leased Washer Dryer YN: Yes

Fee Information

  • Trash Expense: 1200
  • Water Sewer Expenses: 400

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 5817
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat, Hot Water
  • Board Number: 8

Multi Family

  • Net Operating Income: 84594
  • Insurance Expense: 3200
  • ElectricExpense: 350
  • GrossIncome: 111000
  • Maintenance Expense: 250
  • NumberOfUnitsTotal: 10
  • OperatingExpense: 26406
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 9815
  • 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

Listed on
Aug 1, 2023
Closed on
Jul 3, 2024
Sold by
Bought by
Seller's Agent
Tanius Stamper
Greyson Brokerage Group LLC
Buyer's Agent
Kassandra Brezill
Coldwell Banker Realty
List Price
$850,000
Sold Price
$730,000
Premium/Discount to List
-$120,000
-14.12%
Views
93

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$584,000
Interest Rate
6.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2018
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
$472,000
Interest Rate
4.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 2014
Sold by
Bought by

Purchase Details

Closed on
Jan 2, 2007
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
$348,750
Interest Rate
6.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 29, 2001
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
$152,000
Interest Rate
7.22%
Mortgage Type
Commercial
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
$730,000 Citywide Title
$590,000 North American Title Company
-- None Available
$465,000 Ct
$190,000 --
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
Previous Owner $584,000
Previous Owner $472,000
Previous Owner $348,750
Previous Owner $152,000
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 Prior Sale
08/09/2024 08/09/24 Sold $730,000 -5.8% --
05/08/2024 05/08/24 Pending -- -- --
12/12/2023 12/12/23 Price Changed $775,000 -8.8% --
10/04/2023 10/04/23 For Sale $850,000 +16.4% --
08/13/2023 08/13/23 Off Market $730,000 -- --
08/02/2023 08/02/23 For Sale $850,000 +507.1% --
06/08/2016 06/08/16 Sold $140,000 0.0% -- View Prior Sale
04/11/2016 04/11/16 Pending -- -- --
04/01/2016 04/01/16 For Sale $140,000 -- --
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 $9,327 $63,200 $7,271 $55,929
2024 $9,327 $63,200 $7,271 $55,929
2023 $9,093 $44,208 $5,235 $38,973
2022 $9,093 $44,208 $5,235 $38,973
2021 $8,890 $44,207 $5,235 $38,972
2020 $9,021 $40,493 $5,235 $35,258
2019 $8,136 $40,493 $5,235 $35,258
2018 $7,999 $40,493 $5,235 $35,258
2017 $8,232 $38,240 $4,362 $33,878
2016 $7,659 $38,240 $4,362 $33,878
2015 $7,007 $38,240 $4,362 $33,878
2014 $7,095 $38,240 $4,362 $33,878
2013 $6,955 $38,240 $4,362 $33,878
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11847649

Midwest Real Estate Data (MRED)
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