NOT LISTED FOR SALE
8 Beds
3 Baths
-- Sq Ft
1909 Built

Sale Details

Date Sold: March 27, 2025

Last sale price $600,000

13 Days on Market

Highlights

  • Gated Community
  • Property is near park
  • Porch
  • Community Lake
  • Tennis Courts
  • Forced Air Heating System

About This Home

As of March 2025

WE ARE IN A MULTIPLE OFFER SITUATION. ALL OFFERS ARE DUE BY 5 PM ON WEDNESDAY, FEBRUARY 12, 2025. Woodlawn is hot!!! This all brick, legal 2-unit building with a garden unit is very well-maintained and it is in an excellent location! Better yet: the current FHA mortgage payment is $4,513 per month with a 3.5% down payment (or $21,875) but this building also generates $2,300 per month in rental income, and the tenants are great too! This brings your payment to $2,213 per month ($4,513 minus $2,300) all while Woodlawn continues to increase in value, especially as The Obama Presidential Center gets earmarked for completion in 2026! Actually, this property has two solid strategies. First, as mentioned above, you can live in one unit and rent out the other units. Second, you can just keep the entire building as an investment property! The first floor unit and the second floor unit each consist of three bedrooms and a bathroom. Both of these units feature large windows for that bright, eastern facing, natural sun exposure, which lights up the living room and dining room areas; both units are further accentuated with tall ceilings, luxury vinyl flooring on the first floor and hardwood floors on the second floor, a pretty light gray wall color, a functional floor plan and an in-unit washer and dryer. The kitchens are equally amazing with their white, shaker style kitchen cabinets, their perfectly selected granite countertops and their pristine stainless steel appliances. You will love each unit! You will also love the garden unit; it features two bedrooms and a full bathroom; it is spacious and functional, and just right. Equally important, this beautiful building is close to it all: walking distance to The University of Chicago, Washington Park, Jackson Park, The Obama Library, Jewel, transportation and Robust Coffee. It is a must see. It is a true armchair investment. A 10!

Last Agent to Sell the Property

Peter Drossos

Peter Drossos Real Estate License #471010251 Listed on: 01/31/2025

Last Buyer's Agent

Krystal Corley

RE/MAX Premier License #471022161

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,176

Year Built

  • Built in 1909 | Remodeled in 2024

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 2 Parking Spaces
  • Alley Access
  • Side or Rear Entrance to Parking
  • Uncovered Parking
  • Off-Street Parking
  • Off Alley Parking
  • Parking Included in Price

Lot Details

  • Lot Dimensions are 25 x 125
  • Paved or Partially Paved Lot

Utilities

  • Forced Air Heating System
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Porch
  • Property is near park

Community Details

Overview

  • 2 Units
  • Community Lake

Recreation

  • Tennis Courts

Additional Features

  • Gross Income $27,600
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,176

Year Built

Built in 1909 | Remodeled in 2024

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1909
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2024
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • MRD_WaterViewYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2024

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 8
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Central Air Conditioner,Laundry Hook-Up
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Laundry Hook-Up

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Alley, Off Street, Alley Access, Rear/Side Entry
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Park, Tennis Court(s), Lake, Curbs, Gated, Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25 X 125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • GrossIncome: 27600
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 3175.92
  • Tax Year: 2023
  • Tax Exemptions: None

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2025
Closed on
Mar 19, 2025
Sold by
Bought by
Seller's Agent
Peter Drossos
Peter Drossos Real Estate
Buyer's Agent
Krystal Corley
RE/MAX Premier
List Price
$625,000
Sold Price
$600,000
Premium/Discount to List
-$25,000
-4%
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$589,132
Outstanding Balance
$581,571
Interest Rate
6.99%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 17, 2020
Closed on
Jan 15, 2021
Sold by
Bought by
Seller's Agent
Bryan Sonn
GC Realty and Development
Buyer's Agent
Peter Drossos
Peter Drossos Real Estate
List Price
$315,000
Sold Price
$296,200
Premium/Discount to List
-$18,800
-5.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.94%
Original Mortgage
$290,835
Interest Rate
2.25%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 3, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
3.88%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 5, 2015
Closed on
Apr 16, 2015
Sold by
Bought by
Seller's Agent
Leroy Viamille
Mills Realty Inc
Buyer's Agent
Leroy Viamille
Mills Realty Inc
List Price
$80,000
Sold Price
$70,000
Premium/Discount to List
-$10,000
-12.5%

Purchase Details

Closed on
Sep 9, 2008
Sold by
Bought by

Purchase Details

Closed on
Jul 12, 2007
Sold by
Bought by

Purchase Details

Closed on
Oct 9, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
6.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 10, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase 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 Buyer Sale Price Title Company
$600,000 Chicago Title
$296,500 Greater Illinois Title
-- Chicago Title Land Trust Co
-- Chicago Title Land Trust Co
-- Chicago Title Land Trust Co
-- Chicago Title Co
$70,000 Fidelity National Title
$65,000 Ticor Title
-- None Available
$260,000 Multiple
-- 1St American Title
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $589,132
Previous Owner $290,835
Previous Owner $348,000
Previous Owner $208,000
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 Prior Sale
03/27/2025 03/27/25 Sold $600,000 -4.0% --
02/13/2025 02/13/25 Pending -- -- --
01/31/2025 01/31/25 For Sale $625,000 +111.0% --
03/04/2021 03/04/21 Sold $296,200 -6.0% -- View Prior Sale
12/11/2020 12/11/20 Pending -- -- --
12/11/2020 12/11/20 For Sale $315,000 +9.0% --
11/19/2020 11/19/20 Pending -- -- --
11/19/2020 11/19/20 For Sale $289,000 -8.3% --
11/19/2020 11/19/20 Price Changed $315,000 +9.0% --
11/19/2020 11/19/20 Price Changed $289,000 0.0% --
07/28/2020 07/28/20 Pending -- -- --
07/27/2020 07/27/20 For Sale $289,000 0.0% --
07/25/2020 07/25/20 Pending -- -- --
07/23/2020 07/23/20 For Sale $289,000 0.0% --
06/19/2020 06/19/20 Pending -- -- --
06/17/2020 06/17/20 For Sale $289,000 +312.9% --
04/24/2015 04/24/15 Sold $70,000 -12.5% -- View Prior Sale
03/05/2015 03/05/15 Pending -- -- --
01/05/2015 01/05/15 For Sale $80,000 -- --
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 $3,176 $26,183 $3,906 $22,277
2024 $3,176 $26,183 $3,906 $22,277
2023 $3,085 $15,000 $3,906 $11,094
2022 $3,085 $15,000 $3,906 $11,094
2021 $3,016 $14,999 $3,906 $11,093
2020 $3,496 $15,693 $3,906 $11,787
2019 $3,583 $17,833 $3,906 $13,927
2018 $3,523 $17,833 $3,906 $13,927
2017 $3,919 $18,206 $3,437 $14,769
2016 $4,140 $20,668 $3,437 $17,231
2015 $2,970 $16,205 $3,437 $12,768
2014 $3,242 $17,473 $2,812 $14,661
2013 $3,178 $17,473 $2,812 $14,661
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12279691

Midwest Real Estate Data (MRED)
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