Seller's Agent in 2023
Matthew Fritzshall
Triton Realty Group LLC
(952) 607-9570
4 in this area
19 Total Sales
6341 N Wayne Ave Chicago, IL 60660
Edgewater Neighborhood
21
Beds
14
Baths
8,730
Sq Ft
1917
Built
About This Home
As of October 2023No stone left unturned on this stunning classic center entrance. 6341-43 N. Wayne is a legal seven (7) unit apartment building in the desirable Edgewater neighborhood. This high-end renovation offers a new owner an incredible stabilized return and is priced to sell at over a 7.0% cap rate. Renovated in 2022-23, all apartments feature oversized layouts with designerstyled chef kitchens, bathrooms with high end finishes, master suites, private outdoor space, and modern floor plans. Unique designer touches also include streak free graphite applianceswith beautiful Quartz counter tops and classy hardwood floors. In addition to its cosmetic updates, ownership has added new electric service, plumbing, central HVAC systems, new watermain, flood control systems, and in-unit W/D in all units. There is also a new exterior porch with large balconies offering residents a private and ample outdoor space. Both the LoyolaUniversity student population and Edgewater residents are attracted to these apartments opening two renter pools. 6341-43 N. Wayne presents a buyer the rare opportunity to acquirestabilized asset in an excellent location providing a solid cash-on-cash return for many years to come.
Last Agent to Sell the Property
Triton Realty Group LLC License #471016941 Listed on: 06/19/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,500
Year Built
- Built in 1917
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 21 Bedrooms
- 14 Bathrooms
Additional Features
- 3-Story Property
- Lot Dimensions are 50x125
- Central Heating
Listing and Financial Details
- Tenant pays for air conditioning, electricity, heat, hot water
Community Details
Overview
- 7 Units
Building Details
- Electric Expense $600
- Fuel Expense $600
- Insurance Expense $6,500
- Maintenance Expense $3,500
- Trash Expense $2,400
- Water Sewer Expense $3,500
- Operating Expense $53,288
- Gross Income $247,980
- Net Operating Income $193,465
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/16/2023 10/16/23 | Sold | $2,580,000 | -2.6% | $296 / Sq Ft |
| 08/12/2023 08/12/23 | Pending | -- | -- | -- |
| 07/07/2023 07/07/23 | Price Changed | $2,648,000 | -1.9% | $303 / Sq Ft |
| 06/19/2023 06/19/23 | For Sale | $2,698,000 | -- | $309 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $23,005 | $144,400 | $59,700 | $84,700 |
| 2024 | $23,005 | $144,400 | $59,700 | $84,700 |
| 2023 | $18,923 | $109,032 | $24,000 | $85,032 |
| 2022 | $18,923 | $92,000 | $48,000 | $44,000 |
| 2021 | $18,500 | $92,000 | $48,000 | $44,000 |
| 2020 | $20,505 | $92,047 | $27,600 | $64,447 |
| 2019 | $21,015 | $104,599 | $27,600 | $76,999 |
| 2018 | $20,662 | $104,599 | $27,600 | $76,999 |
| 2017 | $16,799 | $78,039 | $24,000 | $54,039 |
| 2016 | $15,630 | $78,039 | $24,000 | $54,039 |
| 2015 | $14,300 | $78,039 | $24,000 | $54,039 |
| 2014 | $14,262 | $76,866 | $18,000 | $58,866 |
| 2013 | $13,980 | $76,866 | $18,000 | $58,866 |
Source: Public Records
Agents Affiliated with this Home
-
Matthew Fritzshall
-
Matthew Buckingham
Seller Co-Listing Agent in 2023
Matthew Buckingham
Triton Realty Group LLC
(312) 925-6008
1 in this area
3 Total Sales
-
Jojo Cui
Buyer's Agent in 2023
Jojo Cui
Citywide Real Estate
(312) 808-8096
1 in this area
33 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11811805
APN: 14051050030000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Nearby Homes
- 6315 N Lakewood Ave
- 6336 N Magnolia Ave
- 6316 N Magnolia Ave
- 1243 W Rosemont Ave Unit 12433
- 6447 N Glenwood Ave
- 1433 W Rosemont Ave Unit 1W
- 1455 W Highland Ave
- 6421 N Greenview Ave Unit 2W
- 1417 W Arthur Ave Unit 1R
- 6232 N Broadway St Unit 2
- 1134 W Granville Ave Unit 602
- 6342 N Sheridan Rd Unit 5B
- 6334 N Sheridan Rd Unit 3E
- 6300 N Sheridan Rd Unit 517
- 6300 N Sheridan Rd Unit 710
- 6619 N Sheridan Rd Unit 401
- 6711 N Lakewood Ave Unit 2N
- 6301 N Sheridan Rd Unit 14E
- 6301 N Sheridan Rd Unit 3A
- 6301 N Sheridan Rd Unit 18P
- 6341 N Wayne Ave Unit 1N
- 6341 N Wayne Ave Unit 3N
- 6341 N Wayne Ave Unit G
- 6341 N Wayne Ave Unit 1S
- 6341 N Wayne Ave Unit 2
- 6341 N Wayne Ave Unit 3S
- 6337 N Wayne Ave Unit 1
- 6337 N Wayne Ave
- 6345 N Wayne Ave
- 6347 N Wayne Ave Unit 3
- 6335 N Wayne Ave Unit 2
- 6335 N Wayne Ave Unit G
- 6335 N Wayne Ave
- 6335 N Wayne Ave Unit GN
- 6335 N Wayne Ave Unit 1
- 6351 N Wayne Ave Unit 3
- 6351 N Wayne Ave Unit G4
- 6351 N Wayne Ave Unit G3
- 6351 N Wayne Ave Unit G2
- 6351 N Wayne Ave Unit G1