Seller's Agent in 2022
Matthew Mika
Compass
(773) 406-1792
26 in this area
228 Total Sales
5558 N Mango Ave Chicago, IL 60630
Jefferson Park Neighborhood
5
Beds
3
Baths
--
Sq Ft
1954
Built
Highlights
- 2 Car Detached Garage
- Enclosed Patio or Porch
- Baseboard Heating
About This Home
As of September 2022Corner brick 2 flat plus additional unit in the basement. Built in 1954. All apartments were completely redone in 2012 with new kitchens, baths, hardwood floors, separate gas forced air heating with central air. 4 electric meters nice fenced yard with patio and a 2 car brick garage. Basement unit is non-conforming FHA will not work. 1st floor rented at $1450. lease expires 5/31/2024 BUT there is a 60 day cancellation option if someone wanted this apartment. 2nd floor is leased through 5/31/2023 $1450. Basement is empty but for rent at $1250. Garage is rented at $250. Laundry about $100. per month. Potential income when fully rented $4500. month yearly $54000. Taxes $6996. Water $2400. Electric $420. Insurance $1164. Total expenses $10980. net income $43020. That's an 8% return! All apartments have separate gas forced air furnaces and central air. Tenants request all wear masks.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,996
Year Built
- Built in 1954 | Remodeled in 2012
Parking
- 2 Car Detached Garage
- Garage Transmitter
- Garage Door Opener
- Parking Included in Price
Home Design
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- 3 Bathrooms
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Utilities
- Baseboard Heating
- Lake Michigan Water
Additional Features
- Enclosed Patio or Porch
- Lot Dimensions are 30 x 124
Community Details
Overview
- 3 Units
- Jefferson Park Place Subdivision, Brick Corner 2 Flat Floorplan
Building Details
- Electric Expense $420
- Insurance Expense $1,164
- Water Sewer Expense $2,400
- Gross Income $54,000
- Net Operating Income $43,020
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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 |
|---|---|---|---|---|
| 09/07/2022 09/07/22 | Sold | $525,000 | -2.8% | -- |
| 08/20/2022 08/20/22 | Pending | -- | -- | -- |
| 06/11/2022 06/11/22 | For Sale | $539,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $8,478 | $45,584 | $9,300 | $36,284 |
| 2024 | $8,478 | $45,584 | $9,300 | $36,284 |
| 2023 | $8,264 | $40,159 | $7,444 | $32,715 |
| 2022 | $8,264 | $40,159 | $7,444 | $32,715 |
| 2021 | $8,080 | $40,158 | $7,443 | $32,715 |
| 2020 | $6,826 | $30,624 | $5,022 | $25,602 |
| 2019 | $6,996 | $34,801 | $5,022 | $29,779 |
| 2018 | $6,878 | $34,801 | $5,022 | $29,779 |
| 2017 | $6,516 | $30,252 | $4,464 | $25,788 |
| 2016 | $6,062 | $30,252 | $4,464 | $25,788 |
| 2015 | $5,547 | $30,252 | $4,464 | $25,788 |
| 2014 | $6,307 | $33,970 | $4,092 | $29,878 |
| 2013 | $6,183 | $33,970 | $4,092 | $29,878 |
Source: Public Records
Agents Affiliated with this Home
-
Matthew Mika
-
Norbert Mika
Seller Co-Listing Agent in 2022
Norbert Mika
Compass
(773) 406-7116
19 in this area
89 Total Sales
-
Patrick Linden
Buyer's Agent in 2022
Patrick Linden
RE/MAX
(773) 729-7561
11 in this area
80 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11432243
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