NOT LISTED FOR SALE
16 Beds
16 Baths
-- Sq Ft
1958 Built

Last Sold June 10, 2024

Last sale price $875,000

248 Days on Market

About This Home

As of June 2024

Proud to present 5701 W. Washington Blvd, Chicago, IL 60644. The following executive summary provides a comprehensive overview of a prime multifamily property located at 5701 W. Washington Blvd, Chicago, IL 60644, situated within the vibrant Austin community. This property presents a unique investment opportunity in the thriving Chicago real estate market. The 16-unit multifamily property at 5701 W. Washington Blvd strategically located in the heart of the Austin community, offers a mix of well-designed residential units catering to diverse housing needs. The property is conveniently positioned to provide easy access to essential amenities, transportation, and local attractions.

Last Agent to Sell the Property

Tony Hardy

Keller Williams ONEChicago License #475139834 Listed on: 08/16/2023

Keller Williams ONEChicago

Co-Listed By

Travis Montgomery

Keller Williams ONEChicago License #475184338

Last Buyer's Agent

Luka Popovich

Luka Popovich License #471008375

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,562

Year Built

  • Built in 1958

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Additional Features

  • 2-Story Property
  • Lot Dimensions are 76 x 260

Community Details

Overview

  • 16 Units

Building Details

  • Operating Expense $74,333
  • Gross Income $150,480
  • Net Operating Income $64,109

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,562

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1958
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 16
  • Total Bedrooms: 16
  • Room: 0

Utilities

  • Heat/Ventilation: Other

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 76 X 260

Rental Info

  • Tenant Pays: Other
  • Board Number: 8

Multi Family

  • Net Operating Income: 64109
  • GrossIncome: 150480
  • NumberOfUnitsTotal: 16
  • OperatingExpense: 74333
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 17562
  • Tax Year: 2021
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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
06/10/2024 06/10/24 Sold $875,000 -7.9% --
04/21/2024 04/21/24 Pending -- -- --
02/20/2024 02/20/24 Price Changed $950,000 0.0% --
02/20/2024 02/20/24 For Sale $950,000 +8.6% --
01/31/2024 01/31/24 Off Market $875,000 -- --
01/02/2024 01/02/24 For Sale $989,000 +13.0% --
11/30/2023 11/30/23 Off Market $875,000 -- --
08/16/2023 08/16/23 For Sale $989,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $18,521 $104,400 $16,020 $88,380
2024 $18,521 $104,400 $16,020 $88,380
2023 $18,055 $87,781 $14,018 $73,763
2022 $18,055 $87,781 $14,018 $73,763
2021 $17,652 $87,779 $14,017 $73,762
2020 $17,258 $77,470 $14,017 $63,453
2019 $15,565 $77,470 $14,017 $63,453
2018 $15,303 $77,470 $14,017 $63,453
2017 $15,781 $73,309 $11,013 $62,296
2016 $14,683 $73,309 $11,013 $62,296
2015 $13,434 $73,309 $11,013 $62,296
2014 $13,602 $73,309 $11,013 $62,296
2013 $13,333 $73,309 $11,013 $62,296
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11862037

Midwest Real Estate Data (MRED)

APN: 16084210130000

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