$570,000
SOLD AUG 6, 2024
8 Beds
4 Baths
-- Sq Ft
1925 Built

Recently Sold

4% Below List Price

14 Days on Market

About This Home

As of August 2024

I am delighted to present this exceptional investment opportunity in one of Chicago's most vibrant neighborhoods; Marquette Park. This 4-Unit residential building offers an ideal combination of style, comfort and convenience, perfect for both new and seasoned investors or..... an owner occupant looking to live in one unit while reaping the benefits of tenant income Details: **Configuration per unit- 2 bedrooms, 1 bath, central air, gas fireplaces, hardwood flooring throughout** **2 units have a formal dining room** Flooring- The beautiful hardwood enhances the aesthetic appeal and are coupled with the practicality of easy maintenance. Climate Control- Each unit with it's own central air system ensures that tenants can manage their comfort independently. Gas Fireplaces- Elegant fireplaces in each unit not only serve as charming focal points but also offer an extra layer of warmth during Chicago's colder months. Parking- A detached 4 car garage provides convenient parking, an invaluable feature in the city that adds considerable attractiveness to potential renters; this can also be additional income for the new owner with leased parking. Investment Highlights: *Self managed utilities *Desirable Amenities- hardwood floors, gas fireplaces, and individual climate control all enhances tenant satisfaction *Location- Situated in a bustling area of Chicago, the building benefits from proximity to local entertainment, dining & public transportation options, making it a highly attractive location for prospective tenants. In conclusion, this property represents a rare opportunity to acquire a well-maintained and strategically located multi-family residence in Chicago. With it's thoughtful amenities and appealing unit configuration, it offers strong potential for steady rental income and long term appreciation. Whether you are looking to expand your portfolio or stepping into real estate investment, this multi-unit will be a valuable addition. Contact me today for your private tour.

Last Agent to Sell the Property

Camille Harris

Coldwell Banker Realty License #475188683 Listed on: 06/12/2024

Coldwell Banker Realty

Last Buyer's Agent

Danica Matos

Smart Home Realty License #475170672

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,137

Year Built

  • Built in 1925

Lot Details

  • Lot Dimensions are 125.5 x 38.7 x 125.4 x 38.7

Parking

  • 4 Car Detached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Lower Floor Utility Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Schools

  • Marquette Elementary School
  • Gage Park High School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $300
  • Fuel Expense $2,167
  • Water Sewer Expense $1,707
  • Gross Income $63,000
  • Net Operating Income $58,829

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,137

Year Built

Built in 1925

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1925
  • 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
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Room Type: Utility Room-Lower Level
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0

Exterior Features

  • List Price: 590999
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 4
  • ParkingTotal: 4
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Fee Information

  • Water Sewer Expenses: 1707

Schools

  • Elementary School: Marquette Elementary School
  • High School: Gage Park High School
  • Middle/Junior School: Marquette Elementary School
  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 125.5 X 38.7 X 125.4 X 38.7
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 58829
  • Fuel Expense: 2167
  • ElectricExpense: 300
  • GrossIncome: 63000
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 4137.04
  • Tax Year: 2022
  • Tax Exemptions: None

Range of Values:

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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 Change Sq Ft Price
08/06/2024 08/06/24 Sold $570,000 -3.6% --
06/27/2024 06/27/24 Pending -- -- --
06/12/2024 06/12/24 For Sale $590,999 +37.4% --
04/29/2022 04/29/22 Sold $430,000 0.0% --
04/25/2022 04/25/22 Pending -- -- --
04/25/2022 04/25/22 For Sale $430,000 -- --
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: 12082753

Midwest Real Estate Data (MRED)