NOT LISTED FOR SALE
12 Beds
4 Baths
2,056 Sq Ft
1898 Built

Last Sold November 18, 2024

Last sale price $795,000 $387 Per Sq Ft

12 Days on Market

About This Home

As of November 2024

Amazing Investment Opportunity in the Heart of Woodlawn! Everything is new in this completely renovated 4-unit building that offers the perfect blend of modern luxury and smart investment potential. Each unit features 3 bedrooms and 1 bathroom with functional, open floor plans that maximize space and flow. Large windows flood the units with natural light, complementing the tall ceilings to create a bright and airy atmosphere. The kitchens are outfitted with quartz countertops, sleek shaker cabinets, and brand-new stainless steel appliances, all tied together with modern finishes for a contemporary look. Enjoy the convenience of dedicated parking spaces for each unit, and the added bonus of in-building laundry facilities for extra revenue. Located in the super-hot Woodlawn neighborhood, this property is just steps away from the Green Line El stop and a short distance to the University of Chicago, making it a prime spot for students, professionals, and families alike. Whether you're looking for a lucrative investment property or a stylish place to call home, this newly renovated building is a fantastic opportunity to live in one unit and rent out the other three units while taking advantage of as little as 5% down payment. Units rents projected to average around $1750/month producing great cash flow!

Last Agent to Sell the Property

Tim Lorimer

Compass Listed on: 09/25/2024

Compass

Last Buyer's Agent

Josephine Hood

Neighborhood Assistance Corp. License #471021061

Neighborhood Assistance Corp.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,658

Year Built

  • Built in 1898 | Remodeled in 2024

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • Uncovered Parking

Lot Details

  • Lot Dimensions are 123x44

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,658

Year Built

Built in 1898 | Remodeled in 2024

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1898
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2024
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2024

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 12
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 6
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Lot Info

  • Lot Dimensions: 123X44
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas,Heat

Tax Info

  • Tax Annual Amount: 4658.34
  • Tax Year: 2023

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat
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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
11/18/2024 11/18/24 Sold $795,000 +6.0% $387 / Sq Ft
10/07/2024 10/07/24 Pending -- -- --
09/25/2024 09/25/24 For Sale $750,000 -- $365 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $2,329 $16,678 $3,355 $13,323
2024 $2,329 $16,678 $3,355 $13,323
2023 $2,263 $11,000 $3,355 $7,645
2022 $2,263 $11,000 $3,355 $7,645
2021 $1,542 $11,000 $3,355 $7,645
2020 $1,114 $5,622 $3,355 $2,267
2019 $2,263 $14,691 $3,355 $11,336
2018 $2,223 $14,691 $3,355 $11,336
2017 $2,944 $17,050 $2,952 $14,098
2016 $2,915 $17,050 $2,952 $14,098
2015 $2,644 $17,050 $2,952 $14,098
2014 $2,220 $14,534 $2,415 $12,119
2013 $2,165 $14,534 $2,415 $12,119
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12172355

Midwest Real Estate Data (MRED)

APN: 20222200390000

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