NOT LISTED FOR SALE

6100 W Miami Ave Chicago, IL 60646

Norwood Park Neighborhood
8 Beds
5 Baths
3,909 Sq Ft
1959 Built

Last Sold July 21, 2021

Last sale price $650,000 $166 Per Sq Ft

21 Days on Market

Highlights

  • Water Views
  • Property is near public transit
  • Storage Room
  • Taft High School Rated A-
  • Corner Lot
  • 3-minute walk to Indian Road Park

About This Home

As of July 2021

Norwood Park Brick 5-unit building now available. This well-maintained property features: Three 2 bedroom/1 bath units and Two 1 bedroom/1 bath units. Building is in good condition, new items include rear porches & water heater (both in 2018). Other major components previously updated include roof (9 yrs), boiler (11 yrs), tuckpointing (14 yrs), vinyl windows, as well as kitchen cabs updated as-needed within the last 5-10 yrs. Leases on 4/5 units, 1 unit MTM. Upside opportunity to raise rents at lease renewal. Projected rents of $5,700/mo would deliver 6.3% CAP (current $5,100/mo). Easy to manage building ideal for local self-managed owner. Coin laundry and separate tenant storage in basement. Great opportunity to buy in a rock-solid Northwest side location. Schedule your appt today! SEE INCOME & EXPENSED IN ADD'L INFO TAB.

Last Agent to Sell the Property

Ashley Carter

Keller Williams ONEChicago License #471002063 Listed on: 04/22/2021

Keller Williams ONEChicago

Co-Listed By

Frank Rodriguez

Keller Williams ONEChicago License #475152145

Last Buyer's Agent

Marcia Mack

Baird & Warner License #475164279

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,266

Year Built

  • Built in 1959

Lot Details

  • Lot Dimensions are 94x122x155
  • Corner Lot
  • Additional Parcels

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Storage Room
  • Water Views
  • Unfinished Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Location

  • Property is near public transit

Utilities

  • No Cooling
  • Central Heating
  • Hot Water Heating System
  • 200+ Amp Service

Listing and Financial Details

  • Tenant pays for air conditioning, electricity

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $180
  • Fuel Expense $3,720
  • Insurance Expense $3,000
  • Maintenance Expense $2,400
  • Trash Expense $1,320
  • Water Sewer Expense $3,900
  • Operating Expense $25,786
  • Gross Income $61,200
  • Net Operating Income $35,414

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,266

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1959
  • Built Before 1978 (Y/N): Yes
  • Information: Show-Special Instructions
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Bedrooms: 8
  • Possible Use: Multi-Family
  • Basement Description: Unfinished
  • Misc Inside: Storage Inside
  • Fireplaces: 1
  • Refrigerators: 5
  • Ranges: 5
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 675000
  • Roof: Rubber
  • Exterior Building Type: Brick
  • Roof Structure: Flat
  • Misc Outside: Courtyard,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: None
  • Electric: Circuit Breakers, Service - 201 to 600 Amps
  • Utilities: Water-Municipal
  • Heat/Ventilation: Central Bldg Heat,Hot Water
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Association Fee Includes: None
  • Trash Expense: 1320
  • Water Sewer Expenses: 3900
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 94X122X155
  • Zoning: MULTI
  • Land Amenities: Children's Play Yard,Curbs and Gutters,Lighting/Exterior,Security Entrance,Sidewalks,Cable Ready

Rental Info

  • Tenant Pays: Air Conditioning, Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 35414
  • Fuel Expense: 3720
  • Insurance Expense: 3000
  • ElectricExpense: 180
  • GrossIncome: 61200
  • Maintenance Expense: 2400
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 25786
  • Expense Year: 2020
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 11266
  • 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 Change Sq Ft Price
07/21/2021 07/21/21 Sold $650,000 -3.7% $166 / Sq Ft
05/14/2021 05/14/21 For Sale -- -- --
05/13/2021 05/13/21 Pending -- -- --
04/22/2021 04/22/21 For Sale $675,000 +3.8% $173 / Sq Ft
11/20/2019 11/20/19 Sold $650,000 -7.1% --
10/10/2019 10/10/19 Pending -- -- --
06/24/2019 06/24/19 For Sale $700,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ashley Carter

    Seller's Agent in 2021

    Ashley Carter

    Keller Williams ONEChicago

    (773) 551-8808

    1 in this area

    113 Total Sales

    Ashley Carter
    Section Image
  • Frank Rodriguez

    Seller Co-Listing Agent in 2021

    Frank Rodriguez

    Keller Williams ONEChicago

    (630) 364-8184

    1 in this area

    65 Total Sales

    Frank Rodriguez
    Section Image
  • Marcia Mack

    Buyer's Agent in 2021

    Marcia Mack

    Baird Warner

    (847) 778-0044

    1 in this area

    75 Total Sales

    Marcia Mack
    Section Image
  • Nicole Hurt

    Buyer's Agent in 2019

    Nicole Hurt

    @ Properties

    (630) 802-4878

    40 Total Sales

    Nicole Hurt
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11062328

Midwest Real Estate Data (MRED)

APN: 13051260220000

Illinois Cook County Chicago 60646 Norwood Park

6100 W Miami Ave, Chicago, IL

This home is located at 6100 W Miami Ave, Chicago, IL 60646 since 22 April 2021. This property was built in 1959. 6100 W Miami Ave is a home located in Cook County with nearby schools including Hitch Elementary School and Taft High School.

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