Seller's Agent in 2025
Ralph Milito
@ Properties
(847) 980-8093
2 in this area
184 Total Sales
7125 W Addison St Chicago, IL 60634
Schorsch Village Neighborhood
--
Bed
--
Bath
--
Sq Ft
1974
Built
About This Home
As of February 2025Original owners decided it's time to sell. All units are above grade. No garden units! This beautiful yellow brick building is being offered for sale for the first time in 50 years! This high visibility prime corner location offers more parking for tenants as well as more sunlight and an overall open and more comfortable feel! There are 6 parking spaces in the rear off the alley that are sizable and easy to access. The unit mix is comprised of 6 units in total with 5 being 2 bedrooms and 1 bath and 1 unit having 1 bedroom and 1 bath. As you can imagine these rents are very low due to the long time owners and long time tenants. Do your own math and you will be impressed at how much the NOI will change with only a modest rent increase. All tenants are on a month to month lease. Building was newly tuckpointed 3 years ago! Market rents for the 2 bedroom units $1500-$1800 and for the 1 bedroom unit $1150-$1400. See pro forma under additional information using the low end of market rents. This quality 6 unit building is a huge win for your portfolio!
Last Agent to Sell the Property
@properties Christie's International Real Estate License #471005750 Listed on: 08/30/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,753
Year Built
- Built in 1974
Parking
- 6 to 12 Parking Spaces
Home Design
- Brick Exterior Construction
- Concrete Block And Stucco Construction
- Concrete Perimeter Foundation
Interior Spaces
- 3-Story Property
- Exterior Basement Entry
Lot Details
- Lot Dimensions are 40 x 125
Utilities
- Cooling System Mounted In Outer Wall Opening
- Baseboard Heating
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $491
- Fuel Expense $5,710
- Insurance Expense $3,552
- Trash Expense $1,200
- Water Sewer Expense $3,176
- Operating Expense $14,129
- Gross Income $83,700
- Net Operating Income $55,818
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 30, 2024
Closed on
Feb 4, 2025
Sold by
Bought by
Seller's Agent
Ralph Milito
@properties Christie's International Real Estate
Buyer's Agent
Katarzyna Ziarek
In Business Real Estate
List Price
$1,050,000
Sold Price
$970,000
Premium/Discount to List
-$80,000
-7.62%
Views
98
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
0.0689%
Mortgage Type
New Conventional
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $970,000 | None Listed On Document |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $365,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/05/2025 02/05/25 | Sold | $970,000 | -7.6% | -- |
| 12/16/2024 12/16/24 | Pending | -- | -- | -- |
| 08/30/2024 08/30/24 | For Sale | $1,050,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $14,109 | $80,001 | $18,568 | $61,433 |
| 2024 | $14,109 | $80,001 | $18,568 | $61,433 |
| 2023 | $13,754 | $66,832 | $14,854 | $51,978 |
| 2022 | $13,754 | $66,832 | $14,854 | $51,978 |
| 2021 | $14,688 | $73,000 | $14,854 | $58,146 |
| 2020 | $12,509 | $56,120 | $7,692 | $48,428 |
| 2019 | $12,968 | $64,506 | $7,692 | $56,814 |
| 2018 | $12,750 | $64,506 | $7,692 | $56,814 |
| 2017 | $11,757 | $54,584 | $6,896 | $47,688 |
| 2016 | $10,939 | $54,584 | $6,896 | $47,688 |
| 2015 | $10,008 | $54,584 | $6,896 | $47,688 |
| 2014 | $9,777 | $52,654 | $6,366 | $46,288 |
| 2013 | $9,583 | $52,654 | $6,366 | $46,288 |
Source: Public Records
Agents Affiliated with this Home
-
Ralph Milito
-
Katarzyna Ziarek
Buyer's Agent in 2025
Katarzyna Ziarek
In Business Real Estate
(773) 837-2797
1 in this area
5 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12151750
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.
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.
Based on information submitted to the MLS GRID
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