NOT LISTED FOR SALE

6941 S Hermitage Ave Chicago, IL 60636

Englewood Neighborhood
8 Beds
4 Baths
-- Sq Ft
3,049 Sq Ft Lot

Sale Details

Date Sold: September 2, 2016

Last sale price $72,500

50 Days on Market

About This Home

As of September 2016

Money Maker! Well maintained 4-unit building on a double lot. The property is fully occupied with long-term tenants. Tenants pays own heat/gas. Newer mechanicals. Great investment property. 18.7% cap rate and rents are low for the area! Directly across the street from Betty Shabazz International Charter School.

Last Agent to Sell the Property

Dona Crane

EXIT Strategy Realty License #475108288 Listed on: 06/29/2016

EXIT Strategy Realty

Last Buyer's Agent

Max Kustner

Century 21 Circle License #475156609

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,554

Year Built

  • Built in 1890

Lot Details

  • Lot Dimensions are 25 x 125
  • Additional Parcels

Home Design

  • Frame Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $23,880
  • Net Operating Income $15,824

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,554

Year Built

Built in 1890

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1890
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove
  • MRD_AppliancesAndFeatures: Stove
  • MRD_AppliancesAndFeatures: Stove
  • AppliancesAndFeatures: Stove

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Parking: None

Utilities

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

Fee Information

  • Other Expenses $: 8056

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 25 X 125
  • Zoning: MULTI
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 15824
  • GrossIncome: 23880
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 2554.29
  • Tax Year: 2014
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
09/02/2016 09/02/16 Sold $72,500 -14.2% --
08/18/2016 08/18/16 Pending -- -- --
06/29/2016 06/29/16 For Sale $84,500 -- --
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 $1,266 $19,001 $938 $18,063
2024 $1,266 $19,001 $938 $18,063
2023 $1,234 $6,000 $2,031 $3,969
2022 $1,234 $6,000 $2,031 $3,969
2021 $1,206 $5,999 $2,031 $3,968
2020 $1,577 $7,078 $2,031 $5,047
2019 $1,616 $8,044 $2,031 $6,013
2018 $1,589 $8,044 $2,031 $6,013
2017 $2,648 $12,302 $1,875 $10,427
2016 $2,464 $12,302 $1,875 $10,427
2015 $2,254 $12,302 $1,875 $10,427
2014 $2,554 $13,767 $1,718 $12,049
2013 $2,504 $13,767 $1,718 $12,049
Source: Public Records

Agents Affiliated with this Home

  • Dona Crane

    Seller's Agent in 2016

    Dona Crane

    EXIT Strategy Realty

    (773) 418-0202

    17 Total Sales

    Dona Crane
    Section Image

  • M

    Buyer's Agent in 2016

    Max Kustner

    Century 21 Circle

See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09272840

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60636 Englewood

6941 S Hermitage Ave, Chicago, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.