NOT LISTED FOR SALE

551 N Central Ave Chicago, IL 60644

Austin Neighborhood
18 Beds
12 Baths
-- Sq Ft
6,534 Sq Ft Lot

Sale Details

Date Sold: April 11, 2012

Last sale price $91,000 $0 Per Sq Ft

467 Days on Market

About This Home

As of April 2012

Cash preferred: 12-unit building in great location close 2 all major transportation, blocks from Oak Park. Needs work and is to be sold strictly as-is. Newer boiler. 8 units rented, Nbrhood assistance, below market, M/M. Tenants pay electric+cooking gas; all else: landlord. Needs both work and improved management but huge upside potential. Finance offers need solid PQ/full approval and $5K min EM, non-refundable.

Last Agent to Sell the Property

Charles Nicholson

Nicholson Real Estate Inc. License #471006150 Listed on: 12/03/2010

Last Buyer's Agent

Mohammed Cheaib

Showaib Properties License #471008564

Property Details

Home Type

  • Multi-Family

Year Built

  • 1913

Lot Details

  • 6,534

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1913

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Corporation
  • Potential Use: Residential-Multi-Family
  • Utilities To Site: Water-Municipal
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2010
  • Net Oper Income: 27300
  • Roof Coverings: Shingle Composition, Rubber
  • Roof Structure: Flat
  • Total Annual Exp: 6300
  • Total Annual Income: 33600
  • Total Monthly Income: 2800
  • Number Of Stories: 3
  • Estimated Year Built: 1913
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1913

Interior Features

  • Basement: Unfinished

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Acreage: 0.15
  • Construction: Brick
  • Frontage Access: City Street, Signal Intersection

Utilities

  • Heatventilation: Central Bldg Heat

Condo/Co-op/Association

  • Units in Building: 12

Fee Information

  • Electrical Service: Circuit Breakers

Lot Info

  • Lot Dimensions: 46X146
  • Lot Sq Ft: 6716
  • Land Amenities: Curbs and Gutters, Lighting/Exterior, Security Entrance, Sidewalks, Cable Ready
  • Parcel Identification Number: 16091140030000

Rental Info

  • Gross Rental Income: 33600
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2009

Tax Info

  • Taxes: 8,649
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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
04/11/2012 04/11/12 Sold $91,000 -65.0% --
03/14/2012 03/14/12 Pending -- -- --
12/03/2010 12/03/10 For Sale $259,735 -- --
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 $15,875 $89,500 $9,029 $80,471
2024 $15,875 $63,187 $9,029 $54,158
2023 $15,475 $75,240 $4,891 $70,349
2022 $15,475 $75,240 $4,891 $70,349
2021 $15,130 $75,239 $4,890 $70,349
2020 $12,397 $55,651 $4,890 $50,761
2019 $11,181 $55,651 $4,890 $50,761
2018 $10,993 $55,651 $4,890 $50,761
2017 $11,241 $52,216 $4,138 $48,078
2016 $10,458 $52,216 $4,138 $48,078
2015 $9,568 $52,216 $4,138 $48,078
2014 $8,552 $46,092 $4,138 $41,954
2013 $8,383 $46,092 $4,138 $41,954
Source: Public Records

Agents Affiliated with this Home

  • Charles Nicholson

    Seller's Agent in 2012

    Charles Nicholson

    Nicholson Real Estate Inc.

    (773) 419-0329

    8 in this area

    44 Total Sales

    Charles Nicholson
    Section Image

  • M

    Buyer's Agent in 2012

    Mohammed Cheaib

    Showaib Properties

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD07687964

Midwest Real Estate Data (MRED)

APN: 16091140030000

Illinois Cook County Chicago 60644 Austin

551 N Central 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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