NOT LISTED FOR SALE
7 Beds
3 Baths
2,906 Sq Ft
4,356 Sq Ft Lot

Last Sold January 27, 2021

Last sale price $560,000 $193 Per Sq Ft

26 Days on Market

Highlights

  • Property is near park
  • 2 Car Detached Garage
  • Heating System Uses Steam
  • Fenced Yard
  • Enclosed Patio or Porch
  • 3-minute walk to Pleasant Point Park

About This Home

As of January 2021

Legal three flat in Norwood Park! Built in 1955, this building boasts two 3 bedroom/1 bath units + one 1 bedroom/1 bath unit. Many updates: Unit 2 (2019): kitchen, light fixtures, door hardware, floor refinishing, paint, bathroom: glazing, floor, & vanity. Unit 1 (2018): floor refinishing, appliances, light fixtures, paint, door hardware, bathroom: glazing, floor, & vanity. Unit G (2020): flooring, kitchen, bathroom vanity. Park's Double Guard Flood Control system just installed ($9300 value) to protect against sewer backup - transferable warranty. Fully occupied with well-qualified tenants and staggered leases. Coin washer (2019) and coin dryer (2017) + tenant storage in rear of building. Enclosed porch. Mostly vinyl double-pane windows with most having transferable warranty. Roof (2002). Boiler (2002). Three water heaters (2013). 2.5 car BRICK garage with full second floor loft that could be rented as storage for additional income. Shingled roof & unfinished attic. This one is a winner! See 3D tour.

Last Agent to Sell the Property

Rita Vera

REimagine Chicago Realty License #471017877 Listed on: 09/21/2020

Last Buyer's Agent

Mario Zelaya

eXp Realty License #475166070

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,102

Year Built

  • Built in 1955 | Remodeled in 2018

Lot Details

  • Lot Dimensions are 34 x 125
  • Fenced Yard

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 3 Bathrooms

Finished Basement

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

Schools

  • Onahan Elementary School
  • Taft High School

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Multiple Water Heaters

Additional Features

  • Enclosed Patio or Porch
  • Property is near park

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $420
  • Fuel Expense $1,728
  • Insurance Expense $1,943
  • Maintenance Expense $2,300
  • Manager Expense $3,000
  • Professional Management Expense $420
  • Water Sewer Expense $1,410
  • Gross Income $48,540
  • Net Operating Income $51,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,102

Year Built

Built in 1955 | Remodeled in 2018

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Professional Management Expense: 420
  • Year Built: 1955
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2018
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2018

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 3
  • Total Bedrooms: 7
  • Other Equipment: CO Detectors, Multiple Water Heaters
  • Room Type: Enclosed Porch
  • Basement Description: Finished,Exterior Access
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Garage/Space,Range Hood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Range Hood,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Window Air Conditioner,Hardwood Floors

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Manager Expense: 3000
  • Community Features: Park
  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 1410

Schools

  • Elementary School: Onahan Elementary School
  • High School: Taft High School
  • Middle/Junior School: Onahan Elementary School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 34 X 125
  • Zoning: MULTI
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

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

Multi Family

  • Net Operating Income: 51340
  • Fuel Expense: 1728
  • Insurance Expense: 1943
  • ElectricExpense: 420
  • GrossIncome: 48540
  • Maintenance Expense: 2300
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 10101.7
  • Tax Year: 2019
  • Tax Exemptions: None

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2021 01/27/21 Sold $560,000 +1.8% $193 / Sq Ft
01/18/2021 01/18/21 For Sale $550,000 0.0% $189 / Sq Ft
10/17/2020 10/17/20 Pending -- -- --
10/08/2020 10/08/20 For Sale $550,000 0.0% $189 / Sq Ft
09/26/2020 09/26/20 Pending -- -- --
09/21/2020 09/21/20 For Sale $550,000 -- $189 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $8,787 $61,000 $12,961 $48,039
2024 $8,787 $61,000 $12,961 $48,039
2023 $9,787 $51,001 $10,453 $40,548
2022 $9,787 $51,001 $10,453 $40,548
2021 $10,256 $51,003 $10,456 $40,547
2020 $9,585 $43,027 $6,689 $36,338
2019 $10,102 $50,279 $6,689 $43,590
2018 $13,516 $68,425 $6,689 $61,736
2017 $8,172 $37,962 $5,853 $32,109
2016 $7,603 $37,962 $5,853 $32,109
2015 $7,322 $39,960 $5,853 $34,107
2014 $6,395 $34,469 $5,017 $29,452
2013 $5,791 $34,469 $5,017 $29,452
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10877278

Midwest Real Estate Data (MRED)

APN: 13-06-200-046