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

Sale Details

Date 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 License #475175866 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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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