D
Seller's Agent in 2023
Dan Shepherd
Essex 312, LLC
645 W 18th St Chicago, IL 60616
East Pilsen NeighborhoodEstimated Value: $589,000
1
Bed
4
Baths
3,242
Sq Ft
$182/Sq Ft
Est. Value
Highlights
- 2 Car Detached Garage
- 5-minute walk to Halsted Station
- 3-minute walk to Thomas Jefferson Park
About This Home
As of July 2023The building's unit mix comprises one multi-level one-bedroom/one-bathroom apartment and two multi-level loft-style units. Upon entry, these units greet you with abundant natural light from the wall of west-facing windows. All three units have unique elements, such as sculpturesque spiral staircases that lead to another level or the sleeping loft platforms. The front three-level unit allows the tenant to use either of the lower two levels as a workspace while maintaining a spacious private living area on the third floor. Heat is provided to the apartments through two separate furnaces while domestic hot water is provided by two Richmond Hot Water Heaters. The two first-level units have their own basement space, each housing a washer and dryer. The Subject Property presents an investor with the opportunity to acquire a well-located asset featuring spacious, loft-style units that have materially below market rents. The building is currently well-positioned for a new owner to increase rents significantly, by making only light cosmetic updates to the kitchens and bathrooms, and installing laundry in the rear second-floor unit. Additionally, an investor has the option to purchase the adjacent vacant lot, 643 W. 18th St.
Last Agent to Sell the Property
Dan Shepherd
Essex 312, LLC License #471021722 Listed on: 11/01/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,122
Year Built
- Built in 1883
Lot Details
- 2,570
Parking
- 2 Car Detached Garage
- Parking Space is Owned
Home Design
- Vinyl Siding
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Potential Bedroom
- 4 Bathrooms
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 25x101.5
- Heating System Uses Natural Gas
Community Details
- 3 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 1, 2022
Closed on
Jul 20, 2023
Sold by
Elizabeth Park Limited Partnership
Bought by
Rosales Giraldo and Flowers Sarah
Seller's Agent
Dan Shepherd
Essex 312, LLC
Buyer's Agent
Danny Lewis
Baird & Warner
List Price
$675,000
Sold Price
$655,000
Premium/Discount to List
-$20,000
-2.96%
Views
62
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$66,000
Avg. Annual Appreciation
-4.59%
Original Mortgage
$669,082
Outstanding Balance
$653,002
Interest Rate
6.75%
Mortgage Type
VA
Estimated Equity
-$64,002
Purchase Details
Closed on
Jun 24, 2002
Sold by
Podmajersky John and Podmajersky Annelies
Bought by
Elizabeth Park Ltd Partnership
Purchase Details
Closed on
Apr 19, 2000
Sold by
Podmajersky John and Padmajerski John
Bought by
Podmajersky John and Podmajersky Annelies
Purchase Details
Closed on
Apr 17, 2000
Sold by
Banco Popular North America
Bought by
Padmajerski John
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
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rosales Giraldo | $655,000 | Chicago Title | |
| Elizabeth Park Ltd Partnership | -- | Chicago Title Insurance Co | |
| Podmajersky John | -- | -- | |
| Padmajerski John | $129,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rosales Giraldo | $669,082 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/24/2023 07/24/23 | Sold | $655,000 | 0.0% | $202 / Sq Ft |
| 07/01/2023 07/01/23 | Off Market | $655,000 | -- | -- |
| 06/12/2023 06/12/23 | For Sale | $675,000 | 0.0% | $208 / Sq Ft |
| 04/28/2023 04/28/23 | Pending | -- | -- | -- |
| 04/28/2023 04/28/23 | For Sale | $675,000 | 0.0% | $208 / Sq Ft |
| 04/17/2023 04/17/23 | For Sale | $675,000 | +3.1% | $208 / Sq Ft |
| 04/06/2023 04/06/23 | Pending | -- | -- | -- |
| 03/29/2023 03/29/23 | Off Market | $655,000 | -- | -- |
| 11/01/2022 11/01/22 | For Sale | $675,000 | -- | $208 / 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 |
|---|---|---|---|---|
| 2024 | $8,523 | $50,835 | $9,435 | $41,400 |
| 2023 | $8,308 | $40,394 | $7,650 | $32,744 |
| 2022 | $8,308 | $40,394 | $7,650 | $32,744 |
| 2021 | $8,123 | $40,394 | $7,650 | $32,744 |
| 2020 | $5,914 | $26,547 | $5,992 | $20,555 |
| 2019 | $6,131 | $30,514 | $5,992 | $24,522 |
| 2018 | $6,028 | $30,514 | $5,992 | $24,522 |
| 2017 | $5,485 | $25,480 | $5,227 | $20,253 |
| 2016 | $5,103 | $25,480 | $5,227 | $20,253 |
| 2015 | $4,669 | $25,480 | $5,227 | $20,253 |
| 2014 | $3,973 | $21,411 | $4,590 | $16,821 |
| 2013 | $3,894 | $21,411 | $4,590 | $16,821 |
Source: Public Records
Agents Affiliated with this Home
-
-
Danny Lewis
Buyer's Agent in 2023
Danny Lewis
Baird & Warner
(773) 988-9092
1 in this area
223 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11664672
APN: 17-21-317-001-0000
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
- 1816 S Jefferson St
- 1735 S Desplaines St
- 1707 S Jefferson St Unit 1
- 1728 S Halsted St
- 718 W 17th St Unit 1W
- 1828 S Peoria St
- 1830 S Peoria St
- 1610 S Halsted St Unit 504
- 743 W 15th St
- 2136 S Halsted St
- 811 W 15th Place Unit 709
- 811 W 15th Place Unit 708
- 811 W 15th Place Unit 513
- 811 W 15th Place Unit 806E
- 1512 S Halsted St
- 833 W 15th Place Unit 606W
- 833 W 15th Place Unit 514E
- 947 W 18th St
- 1920 S Shelby Ct
- 1525 S Sangamon St Unit 315P
- 643 W 18th St
- 639 W 18th St
- 639 W 18th St Unit 2R
- 639 W 18th St Unit 1
- 639 W 18th St Unit 4R
- 639 W 18th St Unit 4F
- 645 W 18th St Unit 1R
- 645 W 18th St Unit 2R
- 645 W 18th St Unit 1F
- 1813 S Ruble St
- 1815 S Ruble St
- 1815 S Ruble St Unit 1
- 1815 S Ruble St Unit 2
- 629 W 18th St
- 629 W 18th St
- 629 W 18th St Unit 1
- 1817 S Ruble St
- 627 W 18th St
- 1812 S Desplaines St
- 1812 S Desplaines St