NOT LISTED FOR SALE
8 Beds
5 Baths
2,600 Sq Ft
2004 Built

Last Sold September 18, 2020

Last sale price $468,000 $180 Per Sq Ft

25 Days on Market

About This Home

As of September 2020

Well maintained brick 2 flat with non-conforming garden unit. Built in 2004, building features 3 units with better than 7% cap rate. Unit 2 is a 3 bedroom/2 bath unit with cathedral ceiling, hardwood floors, central air and in-unit w/d. Unit 1 is a 3 bedroom/2 bath unit with in-unit w/d. Garden unit is a 2 bedroom/1 bath with lr,dr, coin-op w/d, tile and carpet and additional storage. Five exterior parking spaces. Excellent cash flow and well-maintained building (see additional information). Tenants pay all their own utilities, owner pays only sewer and water and common electric. Can be sold as a package with 552 W. 43rd.

Last Agent to Sell the Property

Ann Connolly

Baird & Warner License #475102280 Listed on: 07/28/2020

Baird & Warner

Last Buyer's Agent

Gary Lucido

Lucid Realty, Inc. License #471004524

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,750

Year Built

  • Built in 2004

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 5 Bathrooms

Parking

  • 5 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 25x125

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $420
  • Insurance Expense $1,062
  • Water Sewer Expense $1,920
  • Gross Income $50,340
  • Net Operating Income $42,188

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,750

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 2004
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 5
  • Total Bedrooms: 8
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 5
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Garage/Space,Range Hood,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Garage/Space,Range Hood,Cathedral Ceilings,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Garage/Space,Range Hood

Exterior Features

  • List Price: 500000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 5
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Fee Information

  • Water Sewer Expenses: 1920
  • Other Expenses $: 100

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 42188
  • Insurance Expense: 1062
  • ElectricExpense: 420
  • GrossIncome: 50340
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 4750
  • Tax Year: 2019

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 List to Sale Price per Sq Ft
09/18/2020 09/18/20 Sold $468,000 -6.4% $180 / Sq Ft
08/22/2020 08/22/20 Pending -- -- --
07/28/2020 07/28/20 For Sale $500,000 -- $192 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10798065

Midwest Real Estate Data (MRED)

APN: 20041290260000