NOT LISTED FOR SALE

5440 S Spaulding Ave Chicago, IL 60632

Gage Park Neighborhood
5 Beds
3 Baths
-- Sq Ft
3,485 Sq Ft Lot

Sale Details

Date Sold: October 24, 2014

Last sale price $125,000

39 Days on Market

Highlights

  • 2.5 Car Detached Garage
  • Forced Air Heating System
  • Ceiling Fan

About This Home

As of October 2014

2 FLAT UNITS WITH TENANT OCCUPANCY. POTENTIAL SPACE FOR A GROUND UNIT IN PLACE. GREAT INCOME PROPERTY. CLOSE PROXIMITY TO SCHOOLS, SHOPPING AND AIRPORT. BEING SOLD "AS IS" CONDITION. MUST BE PRE-QUALIFIED BEFORE SUBMITTING OFFER. NO SURVEY. VERIFICATION OF FUNDING MUST ACCOMPANY ALL OFFERS. EARNEST MONEY MUST BE IN CERTIFIED FUNDS.

Last Agent to Sell the Property

Edward Redd

Edward J. Redd License #471022390 Listed on: 06/28/2014

Last Buyer's Agent

Imani Khayyuh

Mark Allen Realty ERA Powered License #475156032

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,040

Year Built

  • Built in 1917

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 25x125

Parking

  • 2.5 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Ceiling Fan
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Utilities

  • Forced Air Heating System
  • Space Heater
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,040

Year Built

Built in 1917

Lot Details

3,485 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1917
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Other Equipment: CO Detectors, Ceiling Fan(s), Sump Pump
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2.5
  • ParkingTotal: 2.5
  • Garage On-Site: No
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Space Heater, Indv Controls
  • Water Source: Lake Michigan

Lot Info

  • Lot Size Acres: 0.08
  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 3039.72
  • Tax Year: 2012
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

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
Jun 28, 2014
Closed on
Oct 21, 2014
Sold by
Bought by
Seller's Agent
Edward Redd
Edward J. Redd
Buyer's Agent
Imani Khayyuh
Mark Allen Realty ERA Powered
List Price
$115,000
Sold Price
$125,000
Premium/Discount to List
$10,000
8.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
0.055%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 29, 2008
Sold by
Bought by

Purchase Details

Closed on
Aug 14, 2008
Sold by
Bought by

Purchase Details

Closed on
Sep 28, 2006
Sold by
Bought by

Purchase Details

Closed on
Feb 28, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
0.0715%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 22, 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
$125,000 First American
$125,000 None Available
-- None Available
$324,000 Multiple
$290,000 Pntn
$115,000 Attorneys Natl Title Network
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
Open $95,000
Closed $232,000
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
10/24/2014 10/24/14 Sold $125,000 +8.7% --
08/06/2014 08/06/14 Pending -- -- --
07/26/2014 07/26/14 For Sale $115,000 -8.0% --
07/18/2014 07/18/14 Pending -- -- --
07/17/2014 07/17/14 Off Market $125,000 -- --
06/28/2014 06/28/14 For Sale $115,000 -- --
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 $4,879 $26,000 $1,890 $24,110
2024 $4,879 $26,000 $1,890 $24,110
2023 $4,758 $23,000 $3,213 $19,787
2022 $4,758 $23,000 $3,213 $19,787
2021 $4,625 $23,000 $3,213 $19,787
2020 $3,696 $16,484 $3,213 $13,271
2019 $3,921 $19,393 $3,213 $16,180
2018 $3,856 $19,393 $3,213 $16,180
2017 $3,982 $18,375 $2,835 $15,540
2016 $3,705 $18,375 $2,835 $15,540
2015 $3,392 $18,375 $2,835 $15,540
2014 $3,142 $16,803 $2,646 $14,157
2013 $3,081 $16,803 $2,646 $14,157
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2014

    Edward Redd

    Edward J. Redd

    (312) 767-0572

    3 Total Sales

    Edward Redd
    Section Image
  • Imani Khayyuh

    Buyer's Agent in 2014

    Imani Khayyuh

    Mark Allen Realty ERA Powered

    (773) 332-1842

    57 Total Sales

    Imani Khayyuh
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08658362

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60632 Gage Park

5440 S Spaulding Ave, Chicago, IL

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.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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