NOT LISTED FOR SALE
3 Beds
7 Baths
4,326 Sq Ft
2,180 Sq Ft Lot

Last Sold December 10, 2021

Last sale price $1,600,000 $370 Per Sq Ft

36 Days on Market

Highlights

  • 5 Fireplaces
  • Lincoln Park High School Rated A
  • 3-minute walk to Mariano (Louis) Park

About This Home

As of December 2021

GOLD COAST!!! 54 Cedar- Charm, Elegance and Opportunity Awaits. Super Stunning 4 Level Greystone. Historic Gem!!! Built in 1890 this Gorgeous Greystone situated on renowned Cedar Street in Chicago's Gold Coast offers 6bed, 6bath and 6units!!! An amazing opportunity in an A+ location. This magnificent property was featured in the movie- "Message in a Bottle". Plenty of opportunities await- Blank Canvas for your custom Single-Family Home!!! Keep as Rental and Live-in your own "owners' unit" or make your own arm chair investment!!! All leases are currently month to month. Well maintained building, family owned for many years. Fabulous fireplaces, tall ceilings, original woodwork, gorgeous hardwood floors, beautiful backyard, and tremendous character throughout. This 6-unit building features; (3) studio and (2) 1 bedroom not including an expansive main floor "owners' unit" duplex up. Lots of light throughout. Walk to Gibson's, Carmine's, Tavern on Rush, Maple & Ash just to name a few. Shop the prestigious Oak Street District with its high-end retailers. Just steps to Lake, CTA Bus & train, and Lake Shore Dr. ONCE IN A LIFETIME-HERES YOUR CHANCE. A+ Location!

Last Agent to Sell the Property

Steven Novit

Compass License #475170998 Listed on: 06/25/2021

Compass

Last Buyer's Agent

Celeste Huenergard

Coldwell Banker Realty License #475164698

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,019

Year Built

  • Built in 1890

Lot Details

  • 2,180 Sq Ft Lot
  • Lot Dimensions are 20x109

Home Design

  • Brick Exterior Construction
  • Tar and Gravel Roof
  • Stone Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,326 Sq Ft Home
  • 3-Story Property
  • 5 Fireplaces
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 7 Bathrooms

Utilities

  • Window Unit Cooling System
  • Radiator
  • No Utilities

Listing and Financial Details

  • Tenant pays for electricity, varies by tenant

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $5,000
  • Fuel Expense $9,000
  • Insurance Expense $5,000
  • Maintenance Expense $12,000
  • Other Expense $10,000
  • Trash Expense $5,000
  • Water Sewer Expense $3,000
  • Operating Expense $52,857
  • Gross Income $151,020
  • Net Operating Income $98,163

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,019

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
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 7
  • Total Bedrooms: 3
  • Fireplaces: 5
  • Possible Use: Multi-Family, Single Family
  • Basement Description: Partially Finished
  • Fire Protection: Other
  • Fireplaces: 1
  • Refrigerators: 5
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Stone
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Roof: Tar and Gravel
  • Exterior Building Type: Brick,Stone,Combination
  • Roof Structure: Other

Garage/Parking

  • Indoor Parking: 1-5 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Utilities: None
  • Heat/Ventilation: Radiators

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: None
  • Trash Expense: 5000
  • Water Sewer Expenses: 3000

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.05
  • Lot Dimensions: 20X109
  • Lot Size Sq Ft: 2180
  • Zoning: MULTI
  • Alternate Phone Number: (773) 931-2102

Rental Info

  • Tenant Pays: Electricity, Varies by Tenant
  • Board Number: 8
  • Tenancy Type: Month To Month

Building Info

  • BuildingAreaTotal: 4326

Multi Family

  • Net Operating Income: 98163
  • Fuel Expense: 9000
  • Insurance Expense: 5000
  • ElectricExpense: 5000
  • GrossIncome: 151020
  • Maintenance Expense: 12000
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 52857
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 9019.15
  • Tax Year: 2019

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
12/10/2021 12/10/21 Sold $1,600,000 -5.9% $370 / Sq Ft
08/01/2021 08/01/21 Pending -- -- --
06/25/2021 06/25/21 For Sale $1,700,000 0.0% $393 / Sq Ft
06/01/2016 06/01/16 Rented $1,375 0.0% --
04/20/2016 04/20/16 Under Contract -- -- --
03/17/2016 03/17/16 For Rent $1,375 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11136830

Midwest Real Estate Data (MRED)