NOT LISTED FOR SALE
16 Beds
4 Baths
-- Sq Ft
1905 Built

Last Sold December 21, 2021

Last sale price $360,000

7 Days on Market

Highlights

  • Gated Community
  • Two Heating Systems
  • Paved or Partially Paved Lot
  • Property is near park

About This Home

As of December 2021

****HIGHEST AND BEST CALLED BY 11/15 ---12PM****This West Woodlawn 4-Unit Brick Multi-Family w/a 5th Owner's Unit in the Basement is ready for its new Owner! This 16 Bedroom Beauty has 4beds/1bath in all of the 4 units. Live in one and rent 3 or add this to your Investor Portfolio for an estimated monthly income of $4400 in rental income with all 4 rented at $1100/Month. There is nothing even close to this in this area on the Market Right Now and it might be quite some time before there is. Two units are rented out and all but one Tenant is M2M with rents under Market! Fourth unit has been lived in recently but needs some work before the unit can be Rent Ready! Note: All units have separate Heat, Electric and Tenants pay their own Cooking Gas. Let's talk Location...this property is less than a 10-minute drive to the site for the Obama Presidential Center, 63rd Street Beach and the Museum of Science and Industry. Minutes to Lake Shore Drive and I90/94, a quick walk to the Newly improved Green Line Train (63rd/Cottage Grove) + half a block away from New Construction and all that has made Woodlawn one of the most fastest growing Communities for Business and Community. PROPERTY IS BEING SOLD AS-IS, WHERE-IS --- NO EXCEPTIONS! PRE-APPROVALS MUST BE EMAILED PRIOR TO APPT CONFIRMATION. Offers must include the PROPERTY ADDRESS in the SUBJECT LINE of the email to be sent. OFFERS SUBMITTED AFTER 5PM ON FRIDAYS WILL BE PRESENTED BY 12:30PM ON MONDAY. ------------------------------------------------------------------------------ Earnest money can be a personal or cashier check made payable to EXIT Strategy Realty located 2235 W. North Ave. Chicago, IL. 60647 or EXIT Strategy Realty/EMA Management located 7300 S Cottage Grove Ave. Both locations have after hours Drop Box and are open M-F 9-5P. PROPERTY DOES NEED SOME WORK, BUT THIS BUILDING HAS BEEN MAINTAINED WITH A PROPERTY MANAGEMENT COMPANY! WON'T PASS FHA, BUT SELLER IS OPEN TO CONVENTIONAL, FHA203K, CASH, HARD MONEY, ETC. ------------------------------------------------------------------------------ WON'T PASS FHA BUT SELLER IS OPEN TO CONVENTIONAL, FHA203K, CASH, HARD MONEY, ETC. FIRST SHOWING WILL BE OF ONE OF THE VACANT UNITs + THE BASEMENT UNIT. ------------------------------------------------------------------------------ Note: Pictures are of the 1N - Unit which was occupied until the Summer of 2021! UPON OFFER A FULL TOUR WILL BE PROVIDED!

Last Agent to Sell the Property

Cassandra Sneed

EXIT Strategy Realty License #475179113 Listed on: 11/08/2021

EXIT Strategy Realty

Last Buyer's Agent

Tokela Brown

Heart My Home Chicago Inc License #471020461

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,778

Year Built

  • Built in 1905

Lot Details

  • Lot Dimensions are 50x125
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Potential Bedrooms
  • 4 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Location

  • Property is near park

Utilities

  • Two Heating Systems
  • Forced Air Heating System
  • Lake Michigan Water

Community Details

  • 4 Units
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,778

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1905
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 4
  • Total Bedrooms: 16
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • AppliancesAndFeatures: None

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air, Sep Heating Systems - 2+
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

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

Lot Info

  • Lot Dimensions: 50X125
  • Zoning: MULTI
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: All

Tax Info

  • Tax Annual Amount: 3778.34
  • Tax Year: 2019
  • Tax Exemptions: None

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 Prior Sale
12/21/2021 12/21/21 Sold $360,000 -14.3% --
11/16/2021 11/16/21 Pending -- -- --
11/08/2021 11/08/21 For Sale $420,000 +663.6% --
06/28/2012 06/28/12 Sold $55,000 +46.7% -- View Prior Sale
05/29/2012 05/29/12 Pending -- -- --
05/18/2012 05/18/12 For Sale $37,500 -- --
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 $4,533 $35,342 $7,566 $27,776
2024 $4,533 $35,342 $7,566 $27,776
2023 $4,403 $21,408 $7,566 $13,842
2022 $4,403 $21,408 $7,566 $13,842
2021 $5,228 $25,999 $7,566 $18,433
2020 $3,687 $16,549 $7,566 $8,983
2019 $3,778 $18,806 $7,566 $11,240
2018 $4,515 $22,857 $7,566 $15,291
2017 $5,267 $24,468 $6,658 $17,810
2016 $4,901 $24,468 $6,658 $17,810
2015 $4,484 $24,468 $6,658 $17,810
2014 $4,360 $23,499 $5,447 $18,052
2013 $4,274 $23,499 $5,447 $18,052
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11265666

Midwest Real Estate Data (MRED)