Seller's Agent in 2024
Michael Shenfeld
Jameson Sotheby's Intl Realty
(312) 399-5848
2 in this area
309 Total Sales
5471 S Ridgewood Ct Chicago, IL 60615
Hyde Park Neighborhood
12
Beds
6
Baths
5,754
Sq Ft
3,800
Sq Ft Lot
Highlights
- Property is near public transit
- Laundry Room
- Central Heating
- Kenwood Academy High School Rated A-
- Storage Room
- 4-minute walk to Nichols Park
About This Home
As of July 2024Rarely available, turnkey, all brick, 6-unit, apartment building in prime Hyde Park location! This is an amazing opportunity with a 6.5% NET CAP return at the list price! This classic, center entrance building is the perfect balance of timeless, Chicago architecture with modern convenience and updates throughout. The building is comprised of six (6) 2-bedroom / 1-bathroom apartments. All units are spacious and updated throughout. Features include modern style kitchens and baths, quartz counters, large living rooms, separate dining rooms, nice size bedrooms, custom lighting, insulated windows, refinished hardwood floors and back decks. Common areas have been enhanced with large individual storage units, newer on-site card payment laundry machines, perimeter video security system, well maintained and modernized zoned boiler system, updated exterior decks and professional landscaped expansive grounds. The building is perfectly located on a quiet, one-way street and very close to the University of Chicago campus, catering to both students and facility members. This building has been meticulously maintained by an experienced, professional, management company for many years. Tenants are satisfied here with many recently renewed leases, which will further increase rental income this year. This is a true arm-chair investment opportunity!
Last Agent to Sell the Property
Jameson Sotheby's Intl Realty License #475125273 Listed on: 05/20/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,565
Year Built
- Built in 1909
Lot Details
- 3,800 Sq Ft Lot
- Lot Dimensions are 50 x 77.6
- Additional Parcels
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Reflective Roof
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 5,754 Sq Ft Home
- 3-Story Property
- Storage Room
- Laundry Room
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Bathrooms
Unfinished Basement
- Exterior Basement Entry
- Basement Storage
Location
- Property is near public transit
Utilities
- Window Unit Cooling System
- Central Heating
- Radiator
- Hot Water Heating System
- Heating System Uses Gas
- Radiant Heating System
- Separate Meters
Listing and Financial Details
- Tenant pays for air conditioning, electricity
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $437
- Fuel Expense $4,885
- Insurance Expense $3,000
- Maintenance Expense $10,067
- Manager Expense $9,505
- Other Expense $2,732
- Trash Expense $2,239
- Water Sewer Expense $2,222
- Operating Expense $54,032
- Gross Income $133,140
- Net Operating Income $81,905
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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 |
|---|---|---|---|---|
| 07/10/2024 07/10/24 | Sold | $1,250,000 | 0.0% | $217 / Sq Ft |
| 05/31/2024 05/31/24 | Pending | -- | -- | -- |
| 05/21/2024 05/21/24 | For Sale | $1,250,000 | -- | $217 / Sq Ft |
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 | $6,233 | $60,390 | $11,780 | $48,610 |
| 2024 | $6,233 | $60,390 | $11,780 | $48,610 |
| 2023 | $6,055 | $29,438 | $9,500 | $19,938 |
| 2022 | $6,055 | $29,438 | $9,500 | $19,938 |
| 2021 | $5,920 | $29,438 | $9,500 | $19,938 |
| 2020 | $11,143 | $50,022 | $7,600 | $42,422 |
| 2019 | $11,167 | $55,581 | $7,600 | $47,981 |
| 2018 | $12,994 | $65,783 | $7,600 | $58,183 |
| 2017 | $5,798 | $26,935 | $6,270 | $20,665 |
| 2016 | $5,395 | $26,935 | $6,270 | $20,665 |
| 2015 | $4,936 | $26,935 | $6,270 | $20,665 |
| 2014 | $1,261 | $6,798 | $5,130 | $1,668 |
| 2013 | $3,968 | $21,816 | $5,130 | $16,686 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Shenfeld
-
Andrew Northrup
Seller Co-Listing Agent in 2024
Andrew Northrup
Jameson Sotheby's Intl Realty
(312) 519-6770
1 in this area
46 Total Sales
-
Frank Lin
F
Buyer's Agent in 2024
Frank Lin
Everbright Enterprise Inc.
(773) 421-2602
4 in this area
8 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12042473
APN: 20114230460000
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