NOT LISTED FOR SALE

5222 S Wells St Chicago, IL 60609

Back of the Yards Neighborhood
12 Beds
6 Baths
5,712 Sq Ft
3,968 Sq Ft Lot

Last Sold July 10, 2024

Last sale price $525,000 $92 Per Sq Ft

6 Days on Market

About This Home

As of July 2024

Introducing an exceptional investment opportunity in the heart of Chicago - a stately greystone 6-unit building that exudes pride of ownership. This remarkable property offers views of downtown from the third floor, while being conveniently located just minutes away from the vibrant dining and shopping scenes of both Bridgeport and Hyde Park. This building boasts tall ceilings that create a sense of spaciousness, complemented by tastefully updated kitchens and bathrooms in each unit. With a full, unfinished basement, there is potential for further expansion or customization to meet specific needs. These units are designed for modern living, providing a turnkey solution for both tenants and investors. Convenience is key, and this property includes parking in the back of the building. There is also opportunity to raise the rents for greater income. This greystone beauty is a rare find in a prime location! Pre-Approved buyers only - Owner will consider all reasonable offers.

Last Agent to Sell the Property

Frank Montro

Keller Williams Preferred Rlty License #475128449 Listed on: 03/20/2024

Keller Williams Preferred Rlty

Co-Listed By

Marcus Lumpkin

Keller Williams Preferred Realty License #475177885

Last Buyer's Agent

Giancarlo Bargioni

Dream Town Real Estate License #471014348

Dream Town Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,857

Year Built

  • Built in 1890

Lot Details

  • 3,968 Sq Ft Lot
  • Lot Dimensions are 34 x 124

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $142
  • Fuel Expense $175
  • Insurance Expense $207
  • Maintenance Expense $110
  • Other Expense $150
  • Trash Expense $112
  • Water Sewer Expense $108
  • Operating Expense $16,705
  • Gross Income $5,100
  • Net Operating Income $45,960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,857

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1890
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 12
  • Refrigerators: 6
  • Ranges: 6
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Frontage Type: City Street
  • List Price: 575000
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 1-5 Spaces,Parking On-Site

Utilities

  • Utilities: Water-Municipal
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 112
  • Water Sewer Expenses: 108
  • Janitor Expense: 100

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 34 X 124
  • Lot Size Sq Ft: 3968
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Sidewalks

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 10
  • Tenancy Type: Month To Month

Multi Family

  • Net Operating Income: 45960
  • Fuel Expense: 175
  • Insurance Expense: 207
  • ElectricExpense: 142
  • GrossIncome: 5100
  • Maintenance Expense: 110
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 16705
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 1856.7
  • Tax Year: 2022

Range of Values:

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Average Value
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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 Change Sq Ft Price
07/10/2024 07/10/24 Sold $525,000 -8.7% $92 / Sq Ft
03/27/2024 03/27/24 Pending -- -- --
03/20/2024 03/20/24 For Sale $575,000 -- $101 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Frank Montro

    Seller's Agent in 2024

    Frank Montro

    Keller Williams Preferred Rlty

    (708) 479-3300

    4 in this area

    1,105 Total Sales

    Frank Montro
    Section Image
  • Marcus Lumpkin

    Seller Co-Listing Agent in 2024

    Marcus Lumpkin

    Keller Williams Preferred Realty

    (773) 879-9235

    1 in this area

    48 Total Sales

    Marcus Lumpkin
    Section Image
  • Giancarlo Bargioni

    Buyer's Agent in 2024

    Giancarlo Bargioni

    Dream Town Real Estate

    (773) 484-7744

    1 in this area

    146 Total Sales

    Giancarlo Bargioni
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12009188

Midwest Real Estate Data (MRED)

APN: 20094100320000

Illinois Cook County Chicago 60609 Back of the Yards

5222 S Wells St, Chicago, IL

This home is located at 5222 S Wells St, Chicago, IL 60609 since 20 March 2024. This property was built in 1890. 5222 S Wells St is a home located in Cook County with nearby schools including Sherwood Elementary School, Wendell Phillips Academy High School, and KIPP Bloom Charter Elementary School.

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