NOT LISTED FOR SALE
56 Beds
21 Baths
-- Sq Ft
1905 Built

Sale Details

Date 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

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 56 Bedrooms
  • 21 Bathrooms

Lot Details

  • Lot Dimensions are 124.8x49.8
  • Private Lot

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

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2022
Closed on
Dec 15, 2023
Sold by
Bought by
Seller's Agent
Nicole Hurt
@properties Christie's International Real Estate
Buyer's Agent
Rhonda Davis
Serene Realty, Inc.
List Price
$529,000
Sold Price
$500,000
Premium/Discount to List
-$29,000
-5.48%
Views
53

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
0.0695%
Mortgage Type
Construction

Purchase Details

Listed on
Aug 17, 2015
Closed on
Jan 24, 2017
Sold by
Bought by
Seller's Agent
Sunny Lamba
Publix Realty, Inc.
Buyer's Agent
Non Member
NON MEMBER
List Price
$500,000
Sold Price
$435,000
Premium/Discount to List
-$65,000
-13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.04%
Original Mortgage
$282,750
Interest Rate
0.0419%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 20, 2015
Closed on
Jun 12, 2015
Sold by
Bought by
Seller's Agent
Francine Gareave
Chicagoland Brokers, Inc.
Buyer's Agent
Sunny Lamba
Publix Realty, Inc.
List Price
$175,000
Sold Price
$160,000
Premium/Discount to List
-$15,000
-8.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
83.34%
Original Mortgage
$214,500
Interest Rate
0.0382%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 11, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,000
Interest Rate
0.0725%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 22, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,000
Interest Rate
0.0725%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 3, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
0.064%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 30, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
0.064%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 29, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
0.064%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 16, 1994
Sold by
Bought by

Purchase Details

Closed on
Mar 31, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$500,000 None Listed On Document
$435,000 Fidelity National Title
$160,000 None Available
$320,000 First American Title Ins Co
-- None Available
-- --
-- --
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $400,000
Previous Owner $282,750
Previous Owner $214,500
Previous Owner $376,000
Previous Owner $185,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,064 $37,801 $5,603 $32,198
2024 $5,064 $37,801 $5,603 $32,198
2023 $4,936 $24,000 $7,781 $16,219
2022 $4,936 $24,000 $7,781 $16,219
2021 $4,826 $23,999 $7,781 $16,218
2020 $8,235 $36,967 $7,781 $29,186
2019 $8,440 $42,009 $7,781 $34,228
2018 $8,298 $42,009 $7,781 $34,228
2017 $5,827 $27,067 $6,847 $20,220
2016 $1,776 $8,869 $6,847 $2,022
2015 $4,960 $27,067 $6,847 $20,220
2014 $5,495 $29,617 $5,602 $24,015
2013 -- $29,617 $5,602 $24,015
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11631514

Midwest Real Estate Data (MRED)
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