A
Seller's Agent in 2021
Aaron Sklar
Kiser Group Realty Inc
6353 S Langley Ave Chicago, IL 60637
West Woodlawn Neighborhood
17
Beds
6
Baths
7,578
Sq Ft
5,663
Sq Ft Lot
About This Home
As of January 2021* 9.5% In-Place Cap Rate * 23.2% In-Place Cash Return * Complete Gut Rehab * New Electric & Plumbing * Gross Income: $73,162 (with 5% vacancy) * NOI: $50,847 Property is an oversized six (6) unit center entranced walk-up located in Chicago's Woodlawn neighborhood. The subject site sits roughly two (2) blocks away from Chicago's Green Line CTA Station (Cottage Grove) and roughly three (3) blocks away from the 2019 newly constructed Jewel Osco Grocery Store. Property is comprised of six (6) spacious 3Bd/1Ba units boasting roughly 1,300 square feet of living space. Additionally, there are two (2) 2Bd/1Ba non-conforming garden units that can be rented to generate additional income. All of the units feature updated kitchens and baths and are spacious with hardwood flooring throughout. Furthermore, each unit contains separate living and dining rooms. Recent capital improvements to the building consist of, but not limited to: a new 400 amp electric service with in unit breaker boxes, in unit and separate furnaces and hot water tanks, new roof, new windows, updated copper plumbing, and a code compliant porch. Additionally, there is also a laundry facility on site featuring both a washing and drying machine. Currently, the building is 100% occupied and all of the tenants are subsidized through Chicago Housing.
Last Agent to Sell the Property
Aaron Sklar
Kiser Group Realty Inc License #475161507 Listed on: 09/10/2019
Co-Listed By
Noah Birk
Kiser Group Realty Inc License #475125864
Last Buyer's Agent
Aaron Sklar
Kiser Group Realty Inc License #475161507 Listed on: 09/10/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,547
Year Built
- Built in 1905
Lot Details
- 5,663 Sq Ft Lot
- Lot Dimensions are 48'x122'
Home Design
- Garden Apartment
- Brick Exterior Construction
Interior Spaces
- 3-Story Property
Bedrooms and Bathrooms
- 17 Bedrooms
- 6 Bathrooms
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for electricity, heat
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $1,125
- Fuel Expense $1,494
- Insurance Expense $1,565
- Maintenance Expense $1,350
- Manager Expense $3,585
- Other Expense $2,000
- Trash Expense $1,414
- Water Sewer Expense $3,412
- Operating Expense $22,292
- Gross Income $75,480
- Net Operating Income $50,414
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 | Prior Sale |
|---|---|---|---|---|---|
| 04/28/2021 04/28/21 | Off Market | $535,000 | -- | -- | |
| 01/28/2021 01/28/21 | Sold | $535,000 | 0.0% | $71 / Sq Ft | |
| 10/17/2020 10/17/20 | Pending | -- | -- | -- | |
| 08/19/2020 08/19/20 | For Sale | $535,000 | 0.0% | $71 / Sq Ft | |
| 08/19/2020 08/19/20 | Price Changed | $535,000 | 0.0% | $71 / Sq Ft | |
| 07/30/2020 07/30/20 | Off Market | $535,000 | -- | -- | |
| 04/29/2020 04/29/20 | For Sale | $560,000 | +4.7% | $74 / Sq Ft | |
| 01/16/2020 01/16/20 | Off Market | $535,000 | -- | -- | |
| 12/16/2019 12/16/19 | Pending | -- | -- | -- | |
| 09/10/2019 09/10/19 | For Sale | $560,000 | +339.2% | $74 / Sq Ft | |
| 08/31/2015 08/31/15 | Sold | $127,500 | -49.0% | $17 / Sq Ft | View Prior Sale |
| 07/28/2015 07/28/15 | Pending | -- | -- | -- | |
| 06/15/2015 06/15/15 | For Sale | $250,000 | -- | $33 / 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 | $5,929 | $63,200 | $7,320 | $55,880 |
| 2024 | $5,929 | $53,000 | $7,320 | $45,680 |
| 2023 | $5,759 | $28,000 | $7,320 | $20,680 |
| 2022 | $5,759 | $28,000 | $7,320 | $20,680 |
| 2021 | $5,631 | $28,000 | $7,320 | $20,680 |
| 2020 | $4,513 | $20,258 | $7,320 | $12,938 |
| 2019 | $4,625 | $23,021 | $7,320 | $15,701 |
| 2018 | $4,547 | $23,021 | $7,320 | $15,701 |
| 2017 | $5,178 | $24,052 | $6,441 | $17,611 |
| 2016 | $5,160 | $25,765 | $6,441 | $19,324 |
| 2015 | $4,721 | $25,765 | $6,441 | $19,324 |
| 2014 | $5,744 | $30,956 | $5,270 | $25,686 |
| 2013 | $5,630 | $30,956 | $5,270 | $25,686 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Seller Co-Listing Agent in 2021
Noah Birk
Kiser Group Realty Inc
-
Anthony Disano
A
Seller's Agent in 2015
Anthony Disano
Parkvue Realty Corporation
(888) 998-4758
4 in this area
734 Total Sales
-
Bill Volpe
Seller Co-Listing Agent in 2015
Bill Volpe
Parkvue Realty Corporation
(312) 493-4548
4 in this area
598 Total Sales
-
Luis Regalado
L
Buyer's Agent in 2015
Luis Regalado
Parkvue Realty Corporation
(708) 828-7507
13 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10548247
APN: 20222060180000
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