NOT LISTED FOR SALE
14 Beds
12 Baths
10,683 Sq Ft
1906 Built

Sale Details

Date Sold: August 15, 2023

Last sale price $1,625,000 $152 Per Sq Ft

32 Days on Market

Highlights

  • 6 Fireplaces
  • Central Heating
  • Hot Water Heating System

About This Home

As of August 2023

LOCATION! Early 1900's Center Entrance Beauty in the heart of Edgewater. One block off of Sheridan Rd and Foster with all of the conveniences of the area. Six total units - Two 1850 sq fit units with 3 bedrooms, 2 baths and four 1600 sq ft units with 2 bedrooms and 2 baths. 10 foot ceilings, lead glass and transom windows, hardwood floors, fireplaces complete the picture. Off street parking for 8 cars. Electrical new 2022, Water Heater new 2022, Roof new 2019, Porches in 2014, Windows and Boiler less than 10 years old. Great opportunity to carry on rentals or condo conversion. Unbelievable LOCATION. Financials from 2020.

Last Agent to Sell the Property

James McNeela

ARNI Realty Inc. License #475161318 Listed on: 05/03/2023

ARNI Realty Inc.

Last Buyer's Agent

Deborah Ryder

American International Realty License #475138187

American International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,600

Year Built

  • Built in 1906

Interior Spaces

  • 3-Story Property
  • 6 Fireplaces
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 12 Bathrooms

Lot Details

  • Lot Dimensions are 75 x 100

Utilities

  • No Cooling
  • Central Heating
  • Hot Water Heating System
  • 200+ Amp Service

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $2,500
  • Fuel Expense $7,500
  • Insurance Expense $8,900
  • Maintenance Expense $1,000
  • Trash Expense $7,800
  • Water Sewer Expense $8,400
  • Operating Expense $57,800
  • Gross Income $80,112
  • Net Operating Income $25,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,600

Year Built

Built in 1906

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1906
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 12
  • Total Bedrooms: 14
  • Fireplaces: 6
  • Basement Description: Partially Finished
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Utilities

  • Cooling: None
  • Electric: Service - 201 to 600 Amps
  • Heat/Ventilation: Central Bldg Heat,Hot Water

Fee Information

  • Trash Expense: 7800
  • Water Sewer Expenses: 8400

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 75 X 100

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 3

Multi Family

  • Net Operating Income: 25000
  • Fuel Expense: 7500
  • Insurance Expense: 8900
  • ElectricExpense: 2500
  • GrossIncome: 80112
  • Maintenance Expense: 1000
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 57800
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 25600
  • 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
May 3, 2023
Closed on
Aug 15, 2023
Sold by
Bought by
Seller's Agent
James McNeela
ARNI Realty Inc.
Buyer's Agent
Deborah Ryder
American International Realty
List Price
$1,950,000
Sold Price
$1,625,000
Premium/Discount to List
-$325,000
-16.67%
Views
95

Purchase Details

Closed on
Mar 15, 2022
Sold by
Bought by

Purchase Details

Closed on
Jul 26, 2000
Sold by
Bought by

Purchase Details

Closed on
Jun 26, 2000
Sold by
Bought by

Purchase Details

Closed on
Feb 3, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$1,625,000 Stewart Title
-- --
-- None Listed On Document
-- --
-- --
-- --
-- --
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 $2,500,000
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
08/15/2023 08/15/23 Sold $1,625,000 -16.7% $152 / Sq Ft
06/05/2023 06/05/23 Pending -- -- --
05/03/2023 05/03/23 For Sale $1,950,000 -- $183 / Sq Ft
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 $24,767 $151,000 $74,625 $76,375
2024 $24,767 $112,813 $74,625 $38,188
2023 $24,105 $123,350 $60,000 $63,350
2022 $24,105 $123,350 $60,000 $63,350
2021 $25,741 $134,000 $60,000 $74,000
2020 $23,565 $111,368 $34,500 $76,868
2019 $22,301 $126,555 $34,500 $92,055
2018 $27,247 $144,121 $34,500 $109,621
2017 $16,906 $84,611 $30,000 $54,611
2016 $16,089 $84,611 $30,000 $54,611
2015 $14,681 $84,611 $30,000 $54,611
2014 $12,652 $74,317 $22,500 $51,817
2013 $12,697 $74,317 $22,500 $51,817
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11774160

Midwest Real Estate Data (MRED)

APN: 14082090060000

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