Seller's Agent in 2021
Steven Novit
Compass
(773) 931-2102
1 in this area
28 Total Sales
54 E Cedar St Chicago, IL 60611
Gold Coast Neighborhood
3
Beds
7
Baths
4,326
Sq Ft
2,178
Sq Ft Lot
Highlights
- 5 Fireplaces
- Lincoln Park High School Rated A
- 3-minute walk to Mariano (Louis) Park
About This Home
As of December 2021GOLD 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!
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
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Home Values in the Area
Average Home Value in this Area
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
| 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 | $37,556 | $190,000 | $67,689 | $122,311 |
| 2024 | $37,556 | $190,000 | $67,689 | $122,311 |
| 2023 | $36,611 | $178,000 | $54,500 | $123,500 |
| 2022 | $36,611 | $178,000 | $54,500 | $123,500 |
| 2021 | $8,767 | $178,000 | $54,500 | $123,500 |
| 2020 | $35,874 | $161,035 | $38,150 | $122,885 |
| 2019 | $9,019 | $178,928 | $38,150 | $140,778 |
| 2018 | $8,883 | $178,928 | $38,150 | $140,778 |
| 2017 | $9,511 | $167,581 | $30,520 | $137,061 |
| 2016 | $9,782 | $167,581 | $30,520 | $137,061 |
| 2015 | $29,885 | $167,581 | $30,520 | $137,061 |
| 2014 | $22,986 | $128,291 | $26,160 | $102,131 |
| 2013 | $9,353 | $128,291 | $26,160 | $102,131 |
Source: Public Records
Agents Affiliated with this Home
-
Steven Novit
-
Celeste Huenergard
C
Buyer's Agent in 2021
Celeste Huenergard
Coldwell Banker Realty
19 in this area
38 Total Sales
-
C
Seller's Agent in 2016
Chris Johnson
Christoper Johnson
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11136830
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.
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Based on information submitted to the MLS GRID
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