NOT LISTED FOR SALE

619 E 74th St Chicago, IL 60619

Park Manor Neighborhood
56 Beds
21 Baths
-- Sq Ft
1905 Built

Last Sold December 29, 2023

Last sale price $500,000

419 Days on Market

About This Home

As of December 2023

Stunning, all brownstone and brick corner lot 6 flat in Greater Grand Crossing on a 125 X 50' double lot! This building and its extra full sized lot take up the entire block! 2 minutes to I-90 and 1-94! Completely rehabbed in 2015, all units have living room/dining room combos, spacious and sunny bedrooms and beautifully designed eat in kitchens and baths. There are no garden units, only first and second floor apartments! Use your full sized lot to build your next 6 flat or exterior parking spaces! The layout is as follows: Unit 619 1 & 2 and Unit 623 1 & 2 are 3 bed / 1bth. Unit 621 1 & 2 are 2 bed / 1bth. All tenants are up to date on rent and pay their own gas and electric bill and individual gas and electric meters, furnace and water heater. Units have central heat no central AC, window units only. Landlord only pays common electric meter for common hallway lights, there is no common gas meter. Immediate cash flow with NOI (including 5% vacancy): $48,488, GRM: 7.1, Cap rate 10. Easily Increase rents for an unbeatable asset in this quickly appreciating, very popular South Side neighborhood. AS IS SALE

Last Agent to Sell the Property

Nicole Hurt

@properties Christie's International Real Estate License #475164464 Listed on: 09/15/2022

@properties Christie's International Real Estate

Last Buyer's Agent

Rhonda Davis

Serene Realty, Inc. License #475200353

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,826

Year Built

  • Built in 1905

Lot Details

  • Lot Dimensions are 124.8x49.8
  • Private Lot

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 56 Bedrooms
  • 21 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat, hot water

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $300
  • Insurance Expense $3,500
  • Maintenance Expense $1,500
  • Manager Expense $3,728
  • Other Expense $3,728
  • Trash Expense $1,586
  • Water Sewer Expense $2,503
  • Operating Expense $22,671
  • Gross Income $74,568
  • Net Operating Income $51,897

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,826

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1905
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 21
  • Total Bedrooms: 56
  • Room: 0

Garage/Parking

  • Outdoor Parking: Private Lot

Utilities

  • Heat/Ventilation: Central Bldg Heat,Forced Air,Gas

Condo/Co-op/Association

  • Manager Expense: 3728

Fee Information

  • Trash Expense: 1586
  • Water Sewer Expenses: 2503
  • Operating Expense Includes: Vacancy Allowance

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 124.8X49.8

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat, Other, Hot Water
  • Board Number: 8

Multi Family

  • Net Operating Income: 51897
  • Insurance Expense: 3500
  • ElectricExpense: 300
  • GrossIncome: 74568
  • Maintenance Expense: 1500
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 22671
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 4826
  • Tax Year: 2021

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
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 Prior Sale
12/29/2023 12/29/23 Sold $500,000 -5.5% --
11/10/2023 11/10/23 Pending -- -- --
08/04/2023 08/04/23 For Sale $529,000 0.0% --
06/14/2023 06/14/23 Pending -- -- --
04/11/2023 04/11/23 Price Changed $529,000 -8.0% --
09/16/2022 09/16/22 For Sale $575,000 +32.2% --
02/06/2017 02/06/17 Sold $435,000 -13.0% -- View Prior Sale
11/05/2015 11/05/15 Pending -- -- --
08/17/2015 08/17/15 For Sale $500,000 +212.5% --
06/15/2015 06/15/15 Sold $160,000 -8.6% -- View Prior Sale
05/06/2015 05/06/15 Pending -- -- --
02/20/2015 02/20/15 For Sale $175,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Nicole Hurt

    Seller's Agent in 2023

    Nicole Hurt

    @ Properties

    (630) 802-4878

    2 in this area

    42 Total Sales

    Nicole Hurt
    Section Image

  • R

    Buyer's Agent in 2023

    Rhonda Davis

    Serene Realty, Inc.

    Section Image
  • Sunny Lamba

    Seller's Agent in 2017

    Sunny Lamba

    Publix Realty, Inc.

    (773) 780-7717

    2 in this area

    114 Total Sales

    Sunny Lamba
    Section Image

  • N

    Buyer's Agent in 2017

    Non Member

    NON MEMBER

  • F

    Seller's Agent in 2015

    Francine Gareave

    Coldwell Banker Realty

    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11631514

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60619 Park Manor

619 E 74th St, Chicago, IL

Not Listed for Sale

MultiFamily

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