NOT LISTED FOR SALE
24 Beds
12 Baths
-- Sq Ft
1950 Built

Last Sold August 09, 2018

Last sale price $550,000

16 Days on Market

About This Home

As of August 2018

12 Units all 2 - Bedrooms and 1 Bath. Calling all INVESTORS this is a Money Maker. The building is individually Heated and furnaces in each unit. There are numerous upgrades throughout the build. The property is close to the CTA bus line which is great for tenants and parking in the rear. Check the numbers, they work ! 48 notice for all showings.

Last Agent to Sell the Property

Shunte Thomas

Majestic Real Estate Company License #471016630 Listed on: 02/27/2018

Last Buyer's Agent

Christopher Adrian

BS Realty Services LLC License #475156700

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,214

Year Built

  • Built in 1950

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 12 Bathrooms

Additional Features

  • 3-Story Property
  • Lot Dimensions are 125 x 50
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $500
  • Fuel Expense $2,800
  • Insurance Expense $3,500
  • Maintenance Expense $1,500
  • Other Expense $5,054
  • Trash Expense $1,200
  • Water Sewer Expense $1,500
  • Operating Expense $29,644
  • Gross Income $8,550
  • Net Operating Income $72,956

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,214

Year Built

Built in 1950

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: 1950
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 12
  • Total Bedrooms: 24
  • Possible Use: Condominium
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Frontage Type: City Street

Utilities

  • Heat/Ventilation: Separate Per Unit

Condo/Co-op/Association

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

Fee Information

  • Trash Expense: 1200
  • Water Sewer Expenses: 1500

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 125 X 50
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8

Multi Family

  • Net Operating Income: 72956
  • Fuel Expense: 2800
  • Insurance Expense: 3500
  • ElectricExpense: 500
  • GrossIncome: 8550
  • Maintenance Expense: 1500
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 29644
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 11214
  • Tax Year: 2015

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 List to Sale Price per Sq Ft
08/09/2018 08/09/18 Sold $550,000 -0.3% --
03/15/2018 03/15/18 Pending -- -- --
02/27/2018 02/27/18 For Sale $551,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $14,041 $94,800 $11,319 $83,481
2024 $14,041 $94,800 $11,319 $83,481
2023 $13,639 $66,312 $4,980 $61,332
2022 $13,639 $66,312 $4,980 $61,332
2021 $13,335 $66,311 $4,980 $61,331
2020 $13,159 $59,072 $4,980 $54,092
2019 $11,868 $59,072 $4,980 $54,092
2018 $11,669 $59,072 $4,980 $54,092
2017 $12,053 $55,990 $4,074 $51,916
2016 $11,214 $55,990 $4,074 $51,916
2015 $5,503 $30,032 $4,074 $25,958
2014 $5,591 $30,134 $4,074 $26,060
2013 $5,471 $30,082 $4,074 $26,008
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09867597

Midwest Real Estate Data (MRED)

APN: 20224020520000