NOT LISTED FOR SALE

5034 N Springfield Ave Chicago, IL 60625

Albany Park Neighborhood
6 Beds
3 Baths
-- Sq Ft
3,920 Sq Ft Lot

Sale Details

Date Sold: July 10, 2018

Last sale price $586,700

29 Days on Market

About This Home

As of July 2018

Brick 3-unit building ocated just blocks from North Park University this beautiful building has three massive 2b/1b plus office units as well as a 2b/1b garden unit. Units modestly updated with dishwashers, newer windows, and hardwood floors throughout. Tenants have all been in place for 4+ years and would like to stay. Rents could be significantly higher with minor cosmetic updating. Three tandem parking spaces in rear of building.

Last Agent to Sell the Property

Alan Cosby

Westward360 RM License #475153758 Listed on: 04/25/2018

Last Buyer's Agent

Gregory Smith

Coldwell Banker Realty License #471019329

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,940

Lot Details

  • 3,920

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 6 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 25' x 125'

Community Details

  • 3 Units
  • Gross Income $4,980

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,940

Lot Details

3,920 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 91-100 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: Partially Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave

Exterior Features

  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Alley
  • ParkingTotal: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Lot Info

  • Lot Dimensions: 25' X 125'
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • GrossIncome: 4980
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 7940
  • Tax Year: 2016
  • 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
Apr 25, 2018
Closed on
Jul 2, 2018
Sold by
Bought by
Seller's Agent
Alan Cosby
Westward360 RM
Buyer's Agent
Gregory Smith
Coldwell Banker Realty
List Price
$599,900
Sold Price
$586,700
Premium/Discount to List
-$13,200
-2.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,803
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 20, 2013
Closed on
May 29, 2013
Sold by
Bought by
Seller's Agent
Monika Church
The Wilcox Company
Buyer's Agent
Alan Cosby
Westward360 RM
List Price
$499,000
Sold Price
$480,000
Premium/Discount to List
-$19,000
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.00%
Original Mortgage
$360,000
Interest Rate
3.75%
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
$587,000 Stewart Title
$480,000 None Available
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 $575,803
Closed $360,000
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
07/10/2018 07/10/18 Sold $586,700 -2.2% --
05/24/2018 05/24/18 Pending -- -- --
04/25/2018 04/25/18 For Sale $599,900 +25.0% --
05/29/2013 05/29/13 Sold $480,000 -3.8% -- View Prior Sale
04/12/2013 04/12/13 Pending -- -- --
03/20/2013 03/20/13 For Sale $499,000 -- --
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 $10,012 $58,000 $13,888 $44,112
2024 $10,012 $58,000 $13,888 $44,112
2023 $9,760 $47,284 $11,110 $36,174
2022 $9,760 $47,284 $11,110 $36,174
2021 $10,491 $51,999 $11,110 $40,889
2020 $7,983 $35,712 $5,753 $29,959
2019 $8,275 $41,049 $5,753 $35,296
2018 $8,135 $41,049 $5,753 $35,296
2017 $8,533 $39,510 $5,158 $34,352
2016 $7,940 $39,510 $5,158 $34,352
2015 $7,265 $39,510 $5,158 $34,352
2014 $6,792 $36,475 $4,761 $31,714
2013 $6,658 $36,475 $4,761 $31,714
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09928813

Midwest Real Estate Data (MRED)
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