NOT LISTED FOR SALE
17 Beds
9 Baths
-- Sq Ft
1925 Built

Sale Details

Date Sold: February 12, 2021

Last sale price $350,000 $0 Per Sq Ft

185 Days on Market

About This Home

As of February 2021

ROC Advisory Group - @properties Commercial is pleased to present a 3-story Corner 9-unit Apartment Building located in the Chatham neighborhood of Chicago. The asset provides an opportunity for a qualified investor to purchase a well maintained, well located property with many long-term tenants. An Investor's Dream - this Previously Class 9 Designated Property (2005-2015) is once again eligible as of 11/2019 after undergoing $111,150 (completed 11/2019) in capital improvements and code violations remediation PLUS another $45,000 updating all but one apartment (545-2). 541 E 80th consists of (8) 2beds-1bath units along with (1) 1bed-1bath unit. Eight units underwent remodeling work between tenants. The work entailed the following items: repainting, floor sanding/refinishing, new blinds, ceiling fans, cabinets, vanities, light fixtures, sinks, faucets, closet hardware and new appliances. 2.08 Debt Coverage with 25% Down presents a unique opportunity to own a fully-occupied, well maintained cash cow with current below market rents located in a stable and quiet neighborhood just 1 block south of 79th St transportation and retail hub. * Complete List of Capital Improvements including dates & costs available upon request. ** Class 9 Paperwork available upon request. Email request for Offering Memorandum.

Last Agent to Sell the Property

Kevin Rocio

@properties Commercial License #475128895 Listed on: 07/07/2020

@properties Commercial

Co-Listed By

Sharial Howard

@properties Christie's International Real Estate License #475179545

Last Buyer's Agent

Non Member

NON MEMBER

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Property Details

Home Type

  • Multi-Family

Year Built

  • 1925

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Utilities

  • Window Unit Cooling System

Community Details

  • Fuel Expense $9,740
  • Insurance Expense $3,019
  • Manager Expense $4,158

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1925

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2019
  • Net Oper Income: 48573
  • Repairs Decor Expense: 2250
  • Roof Coverings: Membrane
  • Roof Structure: Flat
  • Scavenger Expense: 2628
  • Total Annual Exp: 34590
  • Total Annual Income: 87540
  • Total Monthly Income: 7295
  • Number Of Stories: 3
  • Estimated Year Built: 1925
  • Type Multi Family: Garden Complex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1925

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Concrete Block

Utilities

  • Air Conditioner: Window Unit/s
  • Heatventilation: Gas, Hot Water, Radiators
  • Water Expense: 1940

Condo/Co-op/Association

  • Units in Building: 9
  • Manager Expense: 4158

Fee Information

  • Electricity Expense: 830
  • Electrical Service: 201-600 Amps

Lot Info

  • Lot Dimensions: 124 X 45
  • Lot Sq Ft: 5612
  • Parcel Identification Number: 20342110170000

Rental Info

  • Gross Rental Income: 87540
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2019
  • Fuel Expense: 9740
  • Insurance Expense: 3019
  • Other Expenses: 1650

Tax Info

  • Taxes: 8375

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
Jul 7, 2020
Closed on
Feb 12, 2021
Sold by
Archarium Llc
Bought by
Seller's Agent
Kevin Rocio
@properties Commercial
Buyer's Agent
Non Member
NON MEMBER
List Price
$495,000
Sold Price
$350,000
Premium/Discount to List
-$145,000
-29.29%

Purchase Details

Closed on
Jan 9, 2019
Sold by
Fratello Charles San and Fratello Julia San
Bought by
Archarium Llc

Purchase Details

Closed on
Jun 8, 2007
Sold by
Chicago Title Land Trust Co
Bought by
San Fratello Julia and San Fratello Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
4.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 27, 1997
Sold by
The Chicago Trust Company
Bought by
American National Bank and Trust #121278-09
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Chatham, IL

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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
$350,000 Attorney
Archarium Llc -- None Available
San Fratello Julia $540,000 Stewart Title Of Illinois
American National Bank $229,000 --
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
Previous Owner $432,000
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
02/12/2021 02/12/21 Sold $350,000 0.0% --
01/08/2021 01/08/21 Pending -- -- --
12/31/2020 12/31/20 Off Market $350,000 -- --
12/18/2020 12/18/20 For Sale $495,000 0.0% --
11/10/2020 11/10/20 For Sale $495,000 0.0% --
11/09/2020 11/09/20 Pending -- -- --
10/17/2020 10/17/20 Pending -- -- --
10/06/2020 10/06/20 For Sale $495,000 0.0% --
10/06/2020 10/06/20 Price Changed $495,000 -12.4% --
07/26/2020 07/26/20 Pending -- -- --
07/07/2020 07/07/20 For Sale $565,000 -- --
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 $11,772 $58,595 $8,677 $49,918
2024 $10,979 $58,595 $8,677 $49,918
2023 $10,702 $52,034 $5,038 $46,996
2022 $10,702 $52,034 $5,038 $46,996
2021 $7,038 $35,000 $5,038 $29,962
2020 $9,445 $42,396 $5,038 $37,358
2019 $8,518 $42,396 $5,038 $37,358
2018 $8,375 $42,396 $5,038 $37,358
2017 $10,656 $49,500 $4,198 $45,302
2016 $8,184 $40,861 $4,198 $36,663
2015 $7,488 $40,861 $4,198 $36,663
2014 $6,422 $34,614 $4,198 $30,416
2013 $6,295 $34,614 $4,198 $30,416
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10773030

Midwest Real Estate Data (MRED)
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