NOT LISTED FOR SALE
7 Beds
3 Baths
-- Sq Ft
3,485 Sq Ft Lot

Last Sold December 05, 2022

Last sale price $585,000

Highlights

  • Balcony
  • Forced Air Heating System
  • 5-minute walk to King Drive Station

About This Home

As of December 2022

***Sold on the Private Listing Network*** Prepare yourself for this Magnificently Renovated, Legal Brick 3-Unit Multi-Family coming soon to Woodlawn! Sizable is an understatement, boasting over 4,000 square feet of living space, this 3-Unit is a dream residence! Unit layout: (Two 2-Bed, 1-Bath Units and One 3-Bed, 1-Bath Unit). Perfect for "House Hacking - Live for Free" or an "Armchair Investor" looking to maximize cash flow upsides. Modern Open Floor Plan Design! A+ Renovation! Practically New Construction - this will allow the new owner to enjoy their investment with minimal maintenance for the next 20+ years! Property has been gutted to the studs, professionally and tastefully designed with all the modern trimmings and top of the line finishes! Each unit is very spacious with oversized living rooms, high ceilings, recessed lighting, in-unit washer and dryer, XL bedrooms, luxurious bathrooms, central heating and cooling and a completely reimagined kitchen layout with a dishwasher and new SS appliances! New windows, New plumbing, New electrical, New duct work, and New solid hardwood floors throughout the entire building! Unit-2 and Unit-3 come equipped with a decorative fireplace and a large dining room/kitchen combo. Other anticipated amenities include, brand new back porch build out, new concrete parking pad, 3 new water-heaters, tuckpointing throughout and restored cement sidewalk and steps. BONUS FEATURE: Unit-3 has exclusive balcony access! ***Tremendous cash flow potential*** A renovated 2-bed/1-bath apartment in Woodlawn can rent for $1,600+ per month! Renovated 3-bed/1-bath apartments can rent for $1,900+ per month. These rents will provide a non-owner-occupied investor with $61,200 in annual gross revenue! This property is walking distance from Washington Park, Minutes from the Lakefront, proximity to The University of Chicago, Dan Ryan, Red Line, Jackson Park and much more! Woodlawn is one of the fastest developing neighborhoods in Chicago with quickly developing projects like the Obama Presidential Library, The "Woodlawn Central'' project - an equitable mixed-use urban district, Tiger Woods golf course and much more! Join the wave now while you still can! **Just wait until you see the finished product! ** This property will not disappoint and will not last long!

Last Agent to Sell the Property

Michael Applegate

Straight-A Realty, LLC License #471020131 Listed on: 12/05/2022

Co-Listed By

D'Andre Daye

eXp Realty License #475185030

Last Buyer's Agent

Janice Corley

RE/MAX Premier License #471003830

RE/MAX  Premier

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,397

Year Built

  • Built in 1910 | Remodeled in 2022

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 29 x 119

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 3 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Basement Ceilings are 8 Feet High

Parking

  • 2 Parking Spaces
  • Alley Access
  • Uncovered Parking
  • Parking Included in Price

Outdoor Features

  • Balcony

Utilities

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

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,397

Year Built

Built in 1910 | 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: 1910
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2022
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2022

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 3
  • Total Bedrooms: 7
  • Basement Description: Finished,Exterior Access,8 ft + pour
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Fireplace-Artificial,Laundry Hook-Up,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Fireplace-Artificial,Laundry Hook-Up,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Laundry Hook-Up,Hardwood Floors

Exterior Features

  • ExteriorFeatures: Balcony
  • List Price: 599000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

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

Utilities

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

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.08
  • Lot Dimensions: 29 X 119
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 3396.55
  • Tax Year: 2020

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Range of Values:

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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 Change Sq Ft Price
12/05/2022 12/05/22 Sold $585,000 -2.3% --
12/05/2022 12/05/22 For Sale $599,000 +407.6% --
12/18/2020 12/18/20 Sold $118,000 +18.1% --
11/24/2020 11/24/20 Pending -- -- --
11/19/2020 11/19/20 For Sale $99,900 -- --
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: 11435027

Midwest Real Estate Data (MRED)