NOT LISTED FOR SALE
8 Beds
6 Baths
-- Sq Ft
1885 Built

Last Sold February 24, 2021

Last sale price $537,000

59 Days on Market

About This Home

As of February 2021

Well maintained turnkey legal 4 unit building with great cash flow and 8% cap rate in Canaryville. Same owner for 14 years. Two 3 bedroom/2 bath units and two 2 bedroom/1 bath units. All units have been updated and have hardwood floors and dishwashers. Coin op washer/dryer and secure storage in basement. All utilities separate. New roof 2014, new garage 2007, new water service 2014, new hot water heaters (2016 and 2020), hvac updated in 3 units (2016 and 2020), spray foam insulation 2019. Long term tenants. Live in 2F (currently vacant), rent other 3, cash flow positive with 10% down. Great location near x-way, el, restaurants, Guaranteed Rate field. Photos are of 2F, other units have similar finishes.

Last Agent to Sell the Property

Ann Connolly

Baird & Warner License #475102280 Listed on: 11/11/2020

Baird & Warner

Last Buyer's Agent

Susan Corcoran

Coldwell Banker Realty License #475175223

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,061

Year Built

  • Built in 1885

Parking

  • 2 Car Detached Garage
  • Parking Included in Price

Home Design

  • Asphalt Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 6 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 24 x 127

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $576
  • Fuel Expense $636
  • Insurance Expense $2,241
  • Water Sewer Expense $1,920
  • Gross Income $61,440
  • Net Operating Income $56,379

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,061

Year Built

Built in 1885

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: 1885
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 6
  • Total Bedrooms: 8
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 6
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Hardwood Floors
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Garage/Space,Hardwood Floors
  • Room: 6

Exterior Features

  • List Price: 549000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Frame

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: N/A
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Fee Information

  • Water Sewer Expenses: 1920

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 24 X 127
  • Zoning: MULTI
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat,Parking

Multi Family

  • Net Operating Income: 56379
  • Fuel Expense: 636
  • Insurance Expense: 2241
  • ElectricExpense: 576
  • GrossIncome: 61440
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 5061
  • Tax Year: 2019

Range of Values:

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Sold Price
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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
02/24/2021 02/24/21 Sold $537,000 -2.2% --
01/09/2021 01/09/21 Pending -- -- --
11/11/2020 11/11/20 For Sale $549,000 -- --
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: 10930983

Midwest Real Estate Data (MRED)