NOT LISTED FOR SALE
8 Beds
3 Baths
-- Sq Ft
1922 Built

Last Sold August 05, 2022

Last sale price $366,500

48 Days on Market

About This Home

As of August 2022

Rare gem in Chicago Lawn area for the savvy investor. Check out this beautiful multi-unit property. Live in 1 unit. Mortgage paid / supported by rents. Owners unit includes kitchen w/ quartz countertops, 42 inch maple cabinets, new stainless-steel appliances, huge oversized kitchen sink. Separate dining and living areas, crown molding and wainscoting trims throughout, beautifully re-finished HW floors. Entire building gut rehabbed in 2010 with 2 excellent long-term tenants. (11 yrs and 2 1/2 yrs). Rents have not been raised and can be higher. Very-well maintained and updated. New plumbing / electrical, individual HVAC units / hot water heaters in each unit, new windows, new roof. Kitchens and baths (in 2 rental units) rehabbed in 2010 and 2015. 3rd unit rehabbed in 2021. New tuck-pointing 2021, brand new parking lot. Basement has water check-valve system installed to keep water out. Coin-op Laundry in the basement provides additional monthly income. Many details have been considered and completed on this building that other re-habbers miss.

Last Agent to Sell the Property

Noel Baker

HomeSmart Connect LLC License #475129174 Listed on: 04/17/2022

HomeSmart Connect LLC

Last Buyer's Agent

Scott Schoon

Keller Williams Preferred Rlty License #475143110

Keller Williams Preferred Rlty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,625

Year Built

  • Built in 1922 | Remodeled in 2022

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 2 Parking Spaces
  • Alley Access
  • Driveway
  • Uncovered Parking
  • Parking Lot
  • Off-Street Parking
  • Parking Included in Price

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Fenced Yard

Community Details

Building Details

  • Water Sewer Expense $100
  • Gross Income $21,600

Additional Features

  • 3 Units
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,625

Year Built

Built in 1922 | Remodeled in 2022

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1922
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2022
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2022

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 8
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Range Hood,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Range Hood,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Lot Features: Fenced Yard, Sidewalks, Streetlights
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Street, Driveway, Alley Access, Parking Lot
  • ParkingTotal: 2
  • Number of Cars: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

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

Fee Information

  • Water Sewer Expenses: 100

Lot Info

  • Lot Dimensions: 3750 SQ FT
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • GrossIncome: 21600
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 2624.71
  • Tax Year: 2020
  • 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
08/05/2022 08/05/22 Sold $366,500 -6.0% --
06/07/2022 06/07/22 For Sale $390,000 0.0% --
06/05/2022 06/05/22 Pending -- -- --
05/18/2022 05/18/22 Pending -- -- --
04/17/2022 04/17/22 For Sale $390,000 -- --
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 $888 $34,000 $1,875 $32,125
2024 $888 $34,000 $1,875 $32,125
2023 $1,879 $15,000 $3,000 $12,000
2022 $1,879 $15,000 $3,000 $12,000
2021 $3,016 $15,000 $3,000 $12,000
2020 $2,625 $11,706 $3,000 $8,706
2019 $2,752 $13,612 $3,000 $10,612
2018 $2,706 $13,612 $3,000 $10,612
2017 $4,013 $18,521 $2,625 $15,896
2016 $3,734 $18,521 $2,625 $15,896
2015 $3,419 $18,521 $2,625 $15,896
2014 $3,257 $17,420 $2,437 $14,983
2013 $3,194 $17,420 $2,437 $14,983
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11377409

Midwest Real Estate Data (MRED)
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