NOT LISTED FOR SALE
15 Beds
13 Baths
-- Sq Ft
1960 Built

Last Sold June 20, 2019

Last sale price $1,575,000

14 Days on Market

About This Home

As of June 2019

Prime real estate location in the Heart of Andersonville. Condo De-conversion to Apartments Currently 10 condo quality apartment units, common laundry on site. 9 Parking spaces. California style building. Do not disturb owners and tenants. 8 x 1 bedrooms apartments, 1 x 2 bed/2 bath, 1 x 5 bed 3 bath (could be subdivided) Rents are increasing, Neighborhood is A+ for location, walkability score to restaurants, shops, transit. Also, the New Chicago Waldorf School across the street is opening very soon! Sale does require condo board approval and time for deconversion to take place estimated 4 months. Please Drive by the location first.

Last Agent to Sell the Property

Joe Green

Keller Williams ONEChicago License #475135177 Listed on: 09/05/2018

Keller Williams ONEChicago

Co-Listed By

Mitchel Young

North Star Real Estate Group License #475166293

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Year Built

  • 1960

Home Design

  • Slab Foundation

Unfinished Basement

  • Exterior Basement Entry

Utilities

  • Central Air
  • Window Unit Cooling System

Community Details

  • Fuel Expense $1,600
  • Insurance Expense $5,157

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1960

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Condominium
  • Ownership Type: Corporation, Condo
  • Potential Use: Condominium, Planned Unit Development, Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2017
  • Net Oper Income: 165704
  • Outdoor Parking: 6-12 Spaces
  • Owners Assoc: Yes
  • Repairs Decor Expense: 9139
  • Roof Structure: Flat
  • Scavenger Expense: 2553
  • Total Annual Exp: 24796
  • Total Annual Income: 190500
  • Total Monthly Income: 15875
  • Leased Washer Dryer: Yes
  • Number of Ranges: 10
  • Number Of Refrigs: 10
  • Number Of Stories: 3
  • Estimated Year Built: 1960
  • Type Multi Family: Garden Complex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1960

Interior Features

  • Basement: Unfinished, Exterior Access

Exterior Features

  • Foundation: Concrete
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Indoor Parking: 6-12 Spaces
  • Number Of Parking Spaces: 9

Utilities

  • Air Conditioner: Central Air, Central Individual, Window Unit/s
  • Heatventilation: Electric, Wall Unit, Separate Per Unit
  • Water Expense: 1900

Condo/Co-op/Association

  • Units in Building: 10
  • Assessment Includes: Water

Fee Information

  • Electricity Expense: 1200
  • Electrical Service: Circuit Breakers, Separate Meters, 0-100 Amps
  • Janitor Expense: 1200

Lot Info

  • Lot Dimensions: 75X101
  • Lot Sq Ft: 7575
  • Parcel Identification Number: 14081220370000

Rental Info

  • Gross Rental Income: 190500
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2017
  • Fuel Expense: 1600
  • Gross Rent Multiplier: 9
  • Insurance Expense: 5157
  • Other Expenses: 2135
  • Number Of Dishwashers: 10
  • Number Of Dryers: 3
  • Number Of Washers: 3

Tax Info

  • Taxes: 22,927

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
06/20/2019 06/20/19 Sold $1,575,000 -10.0% --
09/19/2018 09/19/18 Pending -- -- --
09/10/2018 09/10/18 Price Changed $1,750,000 -2.8% --
09/05/2018 09/05/18 For Sale $1,800,000 -- --
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: MRD10072740

Midwest Real Estate Data (MRED)