NOT LISTED FOR SALE
8 Beds
4 Baths
-- Sq Ft
1923 Built

Last Sold May 03, 2024

Last sale price $715,000

16 Days on Market

Highlights

  • Property is near a park
  • Fenced Yard
  • Enclosed Patio or Porch
  • Den
  • 2 Car Detached Garage
  • 4-minute walk to Green Briar Park

About This Home

As of May 2024

ASSUMABLE MORTGAGE AT 2.375%! Extremely rare opportunity to purchase an updated brick 3 unit on an oversized lot in West Ridge with high cash flow potential from ASSUMING THE MORTGAGE. Keep the ultra-low rate and capitalize on a huge opportunity to have very minimal living expenses as you live in one unit and rent out the other two. The first floor is a 3 bed 2 bath + office, the second floor is a 3 bed 1 bath, and the garden is a non-conforming 2 bed 1 bath. Hardly anything to do as all units have many updates including renovated kitchens, vinyl windows, hardwood floors, large bedrooms, and desirable layouts. Building has a 2017 main boiler, mostly copper water lines, well maintained roof with silver coat, 2014 water heater, wide heated front stairwell with vintage detail, coin laundry, 2 car heated garage, and extra concrete parking pad for 2 additional tandem parking spaces that was previously rented for $125/month. Amazing location and across the street from Green Briar Park, CTA bus stop 1 block away, walking distance to bustling Devon Ave. We may never see 2.375% interest rates ever again! Don't miss this exceptionally rare opportunity. Owner occupancy required for assumption. Current assumable loan balance is $438K.

Last Agent to Sell the Property

Jason Wagner

Greystone Realty License #471021030 Listed on: 02/09/2024

Last Buyer's Agent

Michael Donnelly

Jameson Sotheby's Intl Realty License #475163309

Jameson Sotheby's Intl Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,433

Year Built

  • Built in 1923

Lot Details

  • Lot Dimensions are 33x125
  • Fenced Yard
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • 2 Open Parking Spaces
  • Heated Garage
  • Alley Access
  • Garage Door Opener
  • On-Street Parking
  • Parking Included in Price

Home Design

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

Interior Spaces

  • Ceiling Fan
  • Den
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Storm Screens

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Enclosed Patio or Porch
  • Exterior Lighting

Location

  • Property is near a park

Schools

  • Dewitt Clinton Elementary School
  • Mather High School

Utilities

  • Radiator
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Satellite Dish

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $1,621
  • Fuel Expense $2,507
  • Water Sewer Expense $3,336
  • Gross Income $57,480

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,433

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1923
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Other Equipment: TV-Dish, Ceiling Fan(s)
  • Room Type: Den, Enclosed Porch
  • Basement Description: Finished
  • Below Grade Bedrooms: 0

Exterior Features

  • ExteriorFeatures: Patio, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • Lot Features: Fenced Yard, Outdoor Lighting, Sidewalks
  • Roof: Rubber, Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • OpenParkingSpaces: 2
  • Parking Features: Side Apron, Alley Access
  • ParkingTotal: 4
  • Garage Details: Garage Door Opener(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Heating: Natural Gas, Radiator(s)
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Park, Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 3336

Schools

  • Elementary School: Dewitt Clinton Elementary School
  • High School: Mather High School

Lot Info

  • Lot Dimensions: 33X125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • Fuel Expense: 2507
  • ElectricExpense: 1621
  • GrossIncome: 57480
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 8433
  • Tax Year: 2022
  • Tax Exemptions: None

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 Prior Sale
05/03/2024 05/03/24 Sold $715,000 -1.4% --
02/26/2024 02/26/24 Pending -- -- --
02/09/2024 02/09/24 For Sale $725,000 +50.7% --
01/08/2021 01/08/21 Sold $481,000 -1.6% -- View Prior Sale
12/02/2020 12/02/20 Pending -- -- --
10/08/2020 10/08/20 For Sale $489,000 -- --
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: 11977728

Midwest Real Estate Data (MRED)