NOT LISTED FOR SALE
8 Beds
4 Baths
3,356 Sq Ft
1910 Built

Last Sold May 11, 2023

Last sale price $360,000 $107 Per Sq Ft

7 Days on Market

About This Home

As of May 2023

Great opportunity to own your own 4-unit brick building. House Hack or add to your existing portfolio. If you're looking for a solid income-producing investment, look no further... This well-maintained building was gut-rehabbed in 2019, with new kitchen cabinets and countertops, new tile baths, new doors, new windows, new roof, new furnace units, new hot water tanks, a new back porch, and decking all units were remodeled and turn-key. The unfinished basement offers additional potential and the building is located in an ADU zone for added value. Each unit has separate utility meters, tenants pay for their own electricity and gas huge cost savings to the new owner. The property is close to I-94 Dan Ryan expressway, buses and trains.

Last Agent to Sell the Property

Shlomo Sahadeo

GenStone Realty License #475192107 Listed on: 03/05/2023

Last Buyer's Agent

Zully Morales

Baird & Warner License #475205997

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,619

Year Built

  • Built in 1910 | Remodeled in 2019

Parking

  • 2 Car Detached Garage
  • No Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $175
  • Insurance Expense $3,600
  • Maintenance Expense $3,600
  • Manager Expense $3,510
  • Professional Management Expense $300
  • Water Sewer Expense $1,590
  • Gross Income $52,308
  • Net Operating Income $35,914

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,619

Year Built

Built in 1910 | Remodeled in 2019

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: 300
  • Year Built: 1910
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2019
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2019

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Other Equipment: Water Heater-Gas
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors
  • AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: None/NA
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Manager Expense: 3510
  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 1590
  • Other Expenses $: 0
  • Trash Expense Year: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 6250
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 35914
  • Insurance Expense: 3600
  • ElectricExpense: 175
  • GrossIncome: 52308
  • Maintenance Expense: 3600
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 3619.46
  • Tax Year: 2021
  • Tax Exemptions: None
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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
05/11/2023 05/11/23 Sold $360,000 -7.5% $107 / Sq Ft
03/13/2023 03/13/23 Pending -- -- --
03/05/2023 03/05/23 For Sale $389,000 -- $116 / 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 $3,798 $19,000 $1,875 $17,125
2024 $3,798 $19,000 $1,875 $17,125
2023 $3,702 $18,001 $4,063 $13,938
2022 $3,702 $18,001 $4,063 $13,938
2021 $3,619 $17,999 $4,062 $13,937
2020 $1,908 $8,567 $4,687 $3,880
2019 $1,956 $9,736 $4,687 $5,049
2018 $1,923 $9,736 $4,687 $5,049
2017 $4,046 $18,794 $4,062 $14,732
2016 $3,764 $18,794 $4,062 $14,732
2015 $3,444 $18,794 $4,062 $14,732
2014 $3,195 $17,220 $3,750 $13,470
2013 $3,132 $17,220 $3,750 $13,470
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11730896

Midwest Real Estate Data (MRED)

APN: 20292100240000