NOT LISTED FOR SALE
14 Beds
5 Baths
9,184 Sq Ft
8,184 Sq Ft Lot

Last Sold December 11, 2023

Last sale price $877,000 $95 Per Sq Ft

117 Days on Market

About This Home

As of December 2023

Solid brick legal 5 Multi-flat building on tree-lined street in undervalued and popular West Ridge neighborhood sitting on wide 60' lot. The building comprised of Four - 3 bedroom (1 bed is tandem) /1.5 bath and One 2 bedroom/1 bath Garden apartment. All 5 apartments are above the ground. Apartment 1N has been upgraded, Garden apt. has remodeled kitchen, and other apartments need updating *** The OTHER two parts of the main floor next to the Garden unit are currently used as a storage open space and the other part on South- west side is mechanical room w/ furnace and hot water tank seen on MLS photos here (can be potential for another garden unit just next to the existing Garden unit on North side of the building) *** Hardwood floors throughout. Per seller, SOME windows were replaced within past 2 years. Has parking for total 10 spots (front and rear of building) and detached 2.5 car garage behind the building. Conveniently located close to transportation, shopping, and Loyola. ***Because of stable long term tenants rents are below current market rents. So annual gross income with a room to be increased or value add and increase even further!*** Rent roll in additional info.

Last Agent to Sell the Property

Jacek Piktel

Coldwell Banker Realty License #475148241 Listed on: 06/14/2023

Coldwell Banker Realty

Last Buyer's Agent

Mark Ahmad

Century 21 Circle License #471007186

Century 21 Circle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,696

Year Built

  • Built in 1926

Lot Details

  • 8,184 Sq Ft Lot
  • Lot Dimensions are 60 x 136

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Mixed Use
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 5 Bathrooms

Utilities

  • Window Unit Cooling System
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity, varies by tenant

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $1,200
  • Fuel Expense $6,000
  • Insurance Expense $3,000
  • Trash Expense $600
  • Water Sewer Expense $1,500
  • Operating Expense $29,900
  • Gross Income $77,700
  • Net Operating Income $51,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,696

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1926
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Bedrooms: 14
  • Basement Description: Unfinished
  • Refrigerators: 5
  • Ranges: 5
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces
  • Indoor Parking: 1-5 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Bldg Heat

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 600
  • Water Sewer Expenses: 1500

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 60 X 136
  • Lot Size Sq Ft: 8184
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Varies by Tenant
  • Board Number: 8
  • Tenancy Type: Leases,Month To Month

Building Info

  • Building Unit Info: Security System

Multi Family

  • Net Operating Income: 51300
  • Fuel Expense: 6000
  • Insurance Expense: 3000
  • ElectricExpense: 1200
  • GrossIncome: 77700
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 29900
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 17696
  • Tax Year: 2021

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
12/11/2023 12/11/23 Sold $877,000 -7.6% $95 / Sq Ft
10/10/2023 10/10/23 Pending -- -- --
09/18/2023 09/18/23 For Sale $949,000 +8.2% $103 / Sq Ft
09/17/2023 09/17/23 Off Market $877,000 -- --
09/12/2023 09/12/23 For Sale $949,000 +8.2% $103 / Sq Ft
09/12/2023 09/12/23 Off Market $877,000 -- --
08/15/2023 08/15/23 Price Changed $949,000 -0.1% $103 / Sq Ft
06/14/2023 06/14/23 For Sale $949,900 -- $103 / Sq Ft
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: 11807873

Midwest Real Estate Data (MRED)

APN: 13011060340000