NOT LISTED FOR SALE
18 Beds
6 Baths
-- Sq Ft
6,098 Sq Ft Lot

Last Sold March 14, 2016

Last sale price $330,000

163 Days on Market

About This Home

As of March 2016

ANY REASONABLE OFFERS ACCEPTED!!!! Great Jackson Park 6 Flat with Garage. Huge 3 Bed/1 Bath units with brand new individual Forced Air and new Water Tanks. First Winter with the furnaces in place. Onsite laundry, no violations, new Tenants with leases. 2 Freshly remodeled units. Building has huge upside with minor unit work needed and completing the finishing touches. Currently 6 units occupied. Current income is at $5,450 and average rents are $900. Expenses reflect old Boiler System. Market rent is $1200. Building could be a great condo conversion and rents can be maximized with some renos. Price is ver reflective of the condition and Seller will not give the building away. Purchased a year ago for 302K and Seller has put in the furnaces and new water heater so the price point is spot on. Recent sales in the area for similar buildings are between the 500K-600K price range and this building could be the same with some unit renovations.

Last Agent to Sell the Property

Jim Samuelson

ANTON AGENCY OF ILLINOIS LLC License #475156331 Listed on: 08/13/2015

ANTON AGENCY OF ILLINOIS LLC

Last Buyer's Agent

Jim Samuelson

ANTON AGENCY OF ILLINOIS LLC License #475156331 Listed on: 08/13/2015

ANTON AGENCY OF ILLINOIS LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • 1914

Lot Details

  • 6,098

Home Design

  • Brick Exterior Construction

Additional Features

  • Exterior Basement Entry
  • Window Unit Cooling System

Community Details

  • Fuel Expense $16,163
  • Insurance Expense $4,965

Listing and Financial Details

  • Tenant pays for air conditioning, electric, heat
  • $15,000 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1914

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Ownership Type: Limited Partnership
  • Zoning Type: COMMR
  • Estimated Age: Older
  • Net Operating Income Year: 2014
  • Net Oper Income: 42106
  • Repairs Decor Expense: 380
  • Scavenger Expense: 1087
  • Total Annual Exp: 44294
  • Total Annual Income: 65400
  • Total Monthly Income: 5450
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Stories: 3
  • Estimated Year Built: 1914
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1914

Interior Features

  • Basement: Partially Finished, Exterior Access

Exterior Features

  • Exterior Building Type: Brick
  • Acreage: 0.14
  • Construction: Brick

Utilities

  • Air Conditioner: Window Unit/s
  • Heatventilation: Forced Air, Gas
  • Water Expense: 1474

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 720
  • Electrical Service: Circuit Breakers
  • Janitor Expense: 1260

Lot Info

  • Lot Dimensions: 45X125
  • Parcel Identification Number: 20243080130000

Rental Info

  • Gross Rental Income: 65400
  • Tenant Pays: Air Conditioning, Electric, Heat

Multi Family

  • Expense Year: 2014
  • Fuel Expense: 16163
  • Insurance Expense: 4965
  • Other Expenses: 6826
  • Number Of Dryers: 2
  • Number Of Washers: 2

Tax Info

  • Taxes: 7467.17

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 List to Sale Price per Sq Ft
03/14/2016 03/14/16 Sold $330,000 -12.0% --
01/23/2016 01/23/16 Pending -- -- --
08/13/2015 08/13/15 For Sale $375,000 -- --
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: MRD09010984

Midwest Real Estate Data (MRED)

APN: 20-24-308-013-0000