Seller's Agent in 2023
Michael Scanlon
eXp Realty
(773) 630-9205
10 in this area
771 Total Sales
712 N Willard Ct Chicago, IL 60642
West Town Neighborhood
11
Beds
9
Baths
684
Sq Ft
2,614
Sq Ft Lot
About This Home
As of June 2023Cash cow alert! This HUGE 3 unit investment property is fully occupied and generates over $10,500/mo (6.5% CAP rate). The property underwent complete interior and exterior renovations in 2019. The subject property consists of an extra wide 3 level building in front and a duplex coach house in the rear. The front building contains a 4 bd/3 ba duplex down on lower floor and a 3bd/2 ba simplex on top floor. The coach house is a stand alone 4 bd/3 ba duplex unit. The apartments feature hardwood floors, quartz countertops, stainless steel appliances, and in-unit laundry. Five-minute walk to the (CTA) Chicago Blue Line L Station and 1 mi to hot Fulton Market = very high rental demand. This is perfect for anyone that appreciates the amazing location and wants a stable/turn key addition to their portfolio. Ask listing agent about 15% down investment financing with preferred lender.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,546
Year Built
- Built in 1889 | Remodeled in 2019
Lot Details
- 2,614
Home Design
- Brick Foundation
- Asphalt Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 11 Bedrooms
- 11 Potential Bedrooms
- 9 Bathrooms
Schools
- Lincoln Elementary School
- Lincoln Elementary High School
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 24x100
Community Details
Overview
- 3 Units
Building Details
- Electric Expense $300
- Insurance Expense $2,881
- Maintenance Expense $1,500
- Professional Management Expense $700
- Trash Expense $1,020
- Water Sewer Expense $1,020
- Gross Income $126,624
- Net Operating Income $91,844
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/02/2023 06/02/23 | Sold | $1,325,000 | -1.0% | $1,937 / Sq Ft |
| 04/27/2023 04/27/23 | Pending | -- | -- | -- |
| 04/20/2023 04/20/23 | Price Changed | $1,339,000 | -3.7% | $1,958 / Sq Ft |
| 04/13/2023 04/13/23 | For Sale | $1,390,000 | -- | $2,032 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Michael Scanlon
-
Jake Fugman
Seller Co-Listing Agent in 2023
Jake Fugman
eXp Realty
(630) 379-7464
6 in this area
225 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11757818
APN: 17-08-106-037
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