NOT LISTED FOR SALE
10 Beds
4 Baths
-- Sq Ft
3,485 Sq Ft Lot

Last Sold August 24, 2020

Last sale price $420,000

6 Days on Market

Highlights

  • Deck
  • 4-minute walk to Cottage Grove Station
  • Paved or Partially Paved Lot
  • Forced Air Heating System
  • Ceiling Fan
  • 4-minute walk to Harris (Harriet) Park

About This Home

As of August 2020

Prime opportunity to own a large, brick, legal 3-flat in the rapidly changing Woodlawn community. Great for first-time buyers looking for a solid income property. Also a good pickup for seasoned investors. Building was gut rehabbed in 2008 with new mechanical systems - HVAC, plumbing and electrical. Brand new roof installed in June 2020 and masonry tuckpointing was also recently completed. Top two units (#2 and #3) each feature 1200 sq. ft., 3-bedrooms and 1-bathroom, separate dining rooms, hardwood floors, separate furnaces (forced air) and hot water tanks. Unit #1 is a duplex down featuring 4-bedrooms and 2-bathrooms. Coin-laundry available in basement. Current rents are below market. Gross potential rent is $3900 per month. Unit #3 is vacant and is move-in ready. Property is located steps away from Jewel-Osco, 1.5 blocks from the Green Line, and 1.5 blocks from Washington Park. Woodlawn continues to see increasing private investment, and the City of Chicago has numerous public projects planned for the next 5 years. The site of the future Barack Obama Presidential Center is located 1.3 miles away. Significant market demand for small multifamily properties in the area means this listing won't last long.

Last Agent to Sell the Property

Damian Albert

Albert Realty Advisors, LLC License #471020099 Listed on: 07/09/2020

Last Buyer's Agent

Nicole Meding

Baird & Warner License #475165434

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,707

Year Built

  • Built in 1920

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 30x122
  • Paved or Partially Paved Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • Ceiling Fan
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Parking Space is Owned

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 3 Units
  • Gross Income $23,856

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,707

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 10
  • Other Equipment: Ceiling Fan(s)
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Hardwood Floors

Exterior Features

  • ExteriorFeatures: Deck
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Street
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Lot Size Acres: 0.08
  • Lot Dimensions: 30X122
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • GrossIncome: 23856
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 3707.23
  • Tax Year: 2019
  • Tax Exemptions: None
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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
08/24/2020 08/24/20 Sold $420,000 +12.0% --
07/15/2020 07/15/20 Pending -- -- --
07/09/2020 07/09/20 For Sale $374,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $5,082 $37,000 $4,575 $32,425
2024 $5,082 $37,000 $4,575 $32,425
2023 $4,936 $24,000 $4,575 $19,425
2022 $4,936 $24,000 $4,575 $19,425
2021 $4,826 $24,000 $4,575 $19,425
2020 $3,617 $16,237 $4,575 $11,662
2019 $3,707 $18,452 $4,575 $13,877
2018 $3,645 $18,452 $4,575 $13,877
2017 $4,052 $18,824 $4,026 $14,798
2016 $3,770 $18,824 $4,026 $14,798
2015 $3,449 $18,824 $4,026 $14,798
2014 $3,207 $17,282 $3,294 $13,988
2013 $3,143 $17,282 $3,294 $13,988
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10775788

Midwest Real Estate Data (MRED)