NOT LISTED FOR SALE

5459 N Spaulding Ave Chicago, IL 60625

North Park Neighborhood
17 Beds
6 Baths
1,500 Sq Ft
3,485 Sq Ft Lot

Last Sold July 26, 2019

Last sale price $795,000 $530 Per Sq Ft

41 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating System
  • Tandem Garage
  • 2 Car Detached Garage

About This Home

As of July 2019

Excellent Investment Opportunity, Legal 4-Unit with 2 extra garden apartments. Corner Lot-Extra Wide 30x125 w/ Center Entrance in Prime NorthPark Location. Long term multi year leases in place for all 4 apartments. 2 garden apartments currently vacant. Annual Gross projected Income over $99k & NOI of $82k. Well maintained building with: New Roof Tear-off, New Rear Porch, Full Masonry TuckPointing & Sealing, Flood Control System w/ Ejector Pit, 100amp Electrical, Individual furnaces, newer windows. Updated apartments w/ hardwood floors, tile, and updated kitchens & Baths. Spacious apartments btwn 1200-1400sqft w/ dining room/living, eat in kitchens. All apartments 3bed/1bath. Easy to rent in central Northpark near Northside Prep, North Park & Northeastern University, public tran. Coin laundry in basement. Rent-Roll & Financials in Add Documents tab.

Last Agent to Sell the Property

Nick Hira

@properties Christie's International Real Estate License #475125124 Listed on: 03/28/2019

@properties Christie's International Real Estate

Last Buyer's Agent

Todd Hague

1st Cornerstone Realty Inc. License #471012867

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,646

Year Built

  • Built in 1922

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 30x125
  • Corner Lot

Parking

  • 2 Car Detached Garage
  • Tandem Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Rubber Roof

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 17 Potential Bedrooms
  • 6 Bathrooms

Finished Basement

  • English Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $650
  • Fuel Expense $650
  • Insurance Expense $2,632
  • Professional Management Expense $1,052
  • Trash Expense $900
  • Water Sewer Expense $1,800
  • Gross Income $98,040
  • Net Operating Income $82,730

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,646

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Condo
  • New Construction: No
  • Professional Management Expense: 1052
  • Year Built: 1922
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, English
  • Total Bathrooms: 6
  • Total Bedrooms: 17
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 6
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Hardwood Floors
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Hardwood Floors
  • Room: 6

Exterior Features

  • List Price: 825000
  • Lot Features: Corner Lot
  • Roof: Rubber, Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s),Tandem
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Fee Information

  • Trash Expense: 900
  • Water Sewer Expenses: 1800
  • Trash Expense Year: 2018

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Size Acres: 0.08
  • Lot Dimensions: 30X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 82730
  • Fuel Expense: 650
  • Insurance Expense: 2632
  • ElectricExpense: 650
  • GrossIncome: 98040
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat,2 Story Unit/s

Tax Info

  • Tax Annual Amount: 8646
  • Tax Year: 2017

Range of Values:

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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 Change Sq Ft Price
07/26/2019 07/26/19 Sold $795,000 -3.6% $530 / Sq Ft
05/08/2019 05/08/19 Pending -- -- --
03/28/2019 03/28/19 For Sale $825,000 -- $550 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Nick Hira

    Seller's Agent in 2019

    Nick Hira

    @ Properties

    (773) 960-8674

    6 Total Sales

    Nick Hira
    Section Image
  • Todd Hague

    Buyer's Agent in 2019

    Todd Hague

    1st Cornerstone Realty Inc.

    (847) 858-7830

    84 Total Sales

    Todd Hague
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10323669

Midwest Real Estate Data (MRED)

Illinois Cook County Chicago 60625 North Park

5459 N Spaulding Ave, Chicago, IL

This home is located at 5459 N Spaulding Ave, Chicago, IL 60625 since 28 March 2019. This property was built in 1922. 5459 N Spaulding Ave is a home located in Cook County with nearby schools including Peterson Elementary School, Mather High School, and ICC School.

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