NOT LISTED FOR SALE

5324 N Kimball Ave Chicago, IL 60625

North Park Neighborhood
16 Beds
13 Baths
-- Sq Ft
1931 Built

Last Sold October 13, 2020

Last sale price $1,650,000

10 Days on Market

About This Home

As of October 2020

The subject property is a 13-unit brick, walk-up building located near the intersection of Kimball Ave. and Foster Ave. in the Albany Park neighborhood of Chicago. The current unit mix consists of Ten (10) - 1 Bed/1 Bath and Three (3) - 2 Bed/1 Bath apartments with separate formal dining rooms. Recently, three of the units were extensively renovated with updates that included new kitchens (cabinetry, countertops, tile work, appliances), updated bathrooms (vanity, sink, faucet, toilet, tile work, and finishes), hardwood flooring throughout and trim work. Additionally, all the windows were replaced, and the rear porches were replaced in 2015. This is an excellent opportunity for an investor to acquire a multifamily property with significant value-add potential. The current rents are averaging at least 20% below market, which offers the opportunity to raise the current rents to market and operate the property as-is. A buyer may also choose to convert the dining rooms into second bedrooms, which would enhance the unit layouts for a significant yield increase.

Last Agent to Sell the Property

Niko Apostal

Keller Williams ONEChicago License #471017557 Listed on: 07/27/2020

Keller Williams ONEChicago

Last Buyer's Agent

Diana Soldo Massaro

Baird & Warner License #471001005

Baird & Warner

Property Details

Home Type

  • Multi-Family

Year Built

  • 1931

Home Design

  • Brick Exterior Construction

Community Details

  • Insurance Expense $1,928
  • Manager Expense $8,713

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1931

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Oper Income: 100750
  • Repairs Decor Expense: 3900
  • Total Annual Exp: 64803
  • Total Annual Income: 174267
  • Total Monthly Income: 14255
  • Number of Ranges: 13
  • Number Of Refrigs: 13
  • Number Of Stories: 4
  • Estimated Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4
  • Year Built: 1931

Exterior Features

  • Exterior Building Type: Brick
  • Construction: Brick

Utilities

  • Heatventilation: Forced Air, Gas
  • Water Expense: 4240

Condo/Co-op/Association

  • Units in Building: 13
  • Manager Expense: 8713

Fee Information

  • Electricity Expense: 875
  • Janitor Expense: 5200

Lot Info

  • Lot Dimensions: COMMON
  • Parcel Identification Number: 13112130240000

Rental Info

  • Gross Rental Income: 171060
  • Tenant Pays: Electric

Multi Family

  • Insurance Expense: 1928
  • Other Expenses: 3900
  • Number Of Dishwashers: 3
  • Number Of Dryers: 2
  • Number Of Washers: 2

Tax Info

  • Taxes: 15899.4

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2020 10/13/20 Sold $1,650,000 -1.5% --
08/06/2020 08/06/20 Pending -- -- --
07/27/2020 07/27/20 For Sale $1,675,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Niko Apostal

    Seller's Agent in 2020

    Niko Apostal

    Keller Williams ONEChicago

    (773) 516-0661

    179 Total Sales

    Niko Apostal
    Section Image
  • Diana Soldo Massaro

    Buyer's Agent in 2020

    Diana Soldo Massaro

    Baird & Warner

    (773) 965-7465

    1 in this area

    162 Total Sales

    Diana Soldo Massaro
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10796299

Midwest Real Estate Data (MRED)

APN: 13112130240000

Illinois Cook County Chicago 60625 North Park

5324 N Kimball Ave, Chicago, IL

This home is located at 5324 N Kimball Ave, Chicago, IL 60625 since 27 July 2020. This property was built in 1931. 5324 N Kimball Ave is a home located in Cook County with nearby schools including Peterson Elementary School, Mather High School, and ICC School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Nearby Homes