NOT LISTED FOR SALE
11 Beds
7 Baths
-- Sq Ft
1923 Built

Last Sold November 11, 2022

Last sale price $890,000

13 Days on Market

Highlights

  • 3 Car Detached Garage
  • Forced Air Heating System
  • Paved or Partially Paved Lot
  • Patio

About This Home

As of November 2022

Beautiful and sunny 3 story vintage yellow brick building on tree-lined street with 4 legal apartments located in the undervalued West Ridge neighborhood conveniently close to transportation, shopping, and Loyola. Three very large (2,000 sf+) 3 bedroom 2 bath apartments with deck space plus a spacious 2 bedroom garden unit. All units have newer separate gas forced air furnaces. 1st floor remodeled 2016. 2nd floor remodeled 2022. 3rd floor remodeled 2020. Garden $1300 leased to 8/23. First floor $1800 MTM. Second floor vacant, current market rent $2000. Third floor $1850 MTM. Shared coin laundry yields approximately $200/month. Three car brick garage is currently included in rent for units 1 and 3 but can be rented separately for additional income. Yearly gross income $85,800 (assuming unit 2 is rented) with room to increase rents immediately or value add and increase even further.

Last Agent to Sell the Property

Kevin Hinton

Keller Williams ONEChicago License #475170825 Listed on: 10/03/2022

Keller Williams ONEChicago

Co-Listed By

Ben Cline

Keller Williams ONEChicago License #475186656

Last Buyer's Agent

Brant Sichko

Baird & Warner License #475187138

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,302

Year Built

  • Built in 1923

Lot Details

  • Lot Dimensions are 33x126
  • Paved or Partially Paved Lot

Parking

  • 3 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 11 Potential Bedrooms
  • 7 Bathrooms

Finished Basement

  • English Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Patio

Utilities

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

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $85,800
  • Net Operating Income $65,292

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,302

Year Built

Built in 1923

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1923
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, English
  • Total Bathrooms: 7
  • Total Bedrooms: 11
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 7
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Fireplace-Artificial,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Hardwood Floors
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 4

Exterior Features

  • ExteriorFeatures: Patio
  • List Price: 910000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • Number of Cars: 3
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

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

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 33X126
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: None

Multi Family

  • Net Operating Income: 65292
  • GrossIncome: 85800
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 10301.95
  • Tax Year: 2020
  • Tax Exemptions: None

Range of Values:

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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 Prior Sale
11/11/2022 11/11/22 Sold $890,000 -2.2% --
10/17/2022 10/17/22 Pending -- -- --
10/03/2022 10/03/22 For Sale $910,000 +56.9% --
02/26/2016 02/26/16 Sold $580,000 -4.9% -- View Prior Sale
12/15/2015 12/15/15 Pending -- -- --
12/01/2015 12/01/15 For Sale $610,000 +5.2% --
11/25/2015 11/25/15 Off Market $580,000 -- --
11/04/2015 11/04/15 Price Changed $610,000 0.0% --
11/04/2015 11/04/15 For Sale $610,000 -3.9% --
10/03/2015 10/03/15 Pending -- -- --
09/15/2015 09/15/15 Price Changed $635,000 -1.6% --
09/02/2015 09/02/15 For Sale $645,000 -- --
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: 11643998

Midwest Real Estate Data (MRED)