A
Seller's Agent in 2020
Aaron Sklar
Kiser Group Realty Inc
7220 S Yates Blvd Chicago, IL 60649
South Shore Neighborhood
12
Beds
6
Baths
--
Sq Ft
1915
Built
About This Home
As of February 2020Property is an oversized, gut-renovated six (6) unit center entranced walk-up located in Chicago's South Shore neighborhood. The subject site sits roughly one (1) block away from the historic South Shore Cultural Center and is conveniently located less than one (1) block away from the South Shore Metra train station. Additionally, the asset is just blocks away from the lake and the renowned South Shore Golf Course. Property is comprised of six incredibly spacious (6) 2b/1ba units spanning over 1,200 square feet of living space. The building underwent a complete gut-renovation down to the studs during the end of 2016. All the units feature updated kitchens and baths and are spacious with a mixture of drywall and exposed brick and separate living and dining rooms. Additionally, each unit boasts an additional sun room in both the front and the rear. Recent capital improvements to the building consist of, but not limited to: a new 400 amp electric service with in unit breaker boxes (2016), new windows, updated copper plumbing (2016), code compliant porch (2012), as well as a complete renovation to the units (2016). Additionally, there is also a laundry facility on site featuring both a washing and drying machine. Currently, the building is 100% occupied and all the tenants are subsidized through Chicago Housing. Furthermore, there are (5) parking spots in the rear, which provide tenants an additional amenity.
Last Agent to Sell the Property
Aaron Sklar
Kiser Group Realty Inc License #475161507 Listed on: 09/10/2019
Co-Listed By
Noah Birk
Kiser Group Realty Inc License #475125864
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,591
Year Built
- Built in 1915
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Bathrooms
Additional Features
- 3-Story Property
- Lot Dimensions are 50' x 124'
- Radiator
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $424
- Fuel Expense $8,157
- Insurance Expense $1,655
- Maintenance Expense $1,350
- Manager Expense $3,736
- Other Expense $1,800
- Trash Expense $1,629
- Water Sewer Expense $1,930
- Operating Expense $27,072
- Gross Income $78,660
- Net Operating Income $48,655
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
Sep 10, 2019
Closed on
Jan 27, 2020
Sold by
Bought by
Seller's Agent
Aaron Sklar
Kiser Group Realty Inc
Buyer's Agent
Matthew Neistat
Jameson Sotheby's Intl Realty
List Price
$540,000
Sold Price
$500,000
Premium/Discount to List
-$40,000
-7.41%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$347,419
Interest Rate
3.72%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 7, 2016
Sold by
Bought by
Purchase Details
Closed on
Apr 21, 1998
Sold by
Bought by
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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 |
|---|---|---|---|
| $500,000 | Greater Illinois Title | ||
| $34,000 | Attorney | ||
| -- | -- |
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 |
|---|---|---|---|
| Open | $400,000 |
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 |
|---|---|---|---|---|
| 05/07/2020 05/07/20 | Off Market | $500,000 | -- | -- |
| 02/07/2020 02/07/20 | Sold | $500,000 | -7.4% | -- |
| 10/30/2019 10/30/19 | Pending | -- | -- | -- |
| 09/10/2019 09/10/19 | For Sale | $540,000 | -- | -- |
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 | $6,515 | $46,900 | $5,625 | $41,275 |
| 2024 | $6,515 | $46,900 | $5,625 | $41,275 |
| 2023 | $6,329 | $30,771 | $7,813 | $22,958 |
| 2022 | $6,329 | $30,771 | $7,813 | $22,958 |
| 2021 | $6,188 | $30,770 | $7,812 | $22,958 |
| 2020 | $4,608 | $20,685 | $7,812 | $12,873 |
| 2019 | $4,670 | $23,242 | $7,812 | $15,430 |
| 2018 | $4,591 | $23,242 | $7,812 | $15,430 |
| 2017 | $5,362 | $24,906 | $6,875 | $18,031 |
| 2016 | $1,374 | $8,895 | $6,875 | $2,020 |
| 2015 | $4,481 | $27,078 | $6,875 | $20,203 |
| 2014 | $4,571 | $27,207 | $5,625 | $21,582 |
| 2013 | $4,470 | $27,207 | $5,625 | $21,582 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Seller Co-Listing Agent in 2020
Noah Birk
Kiser Group Realty Inc
-
Matthew Neistat
Buyer's Agent in 2020
Matthew Neistat
Jameson Sotheby's Intl Realty
(847) 714-2913
4 in this area
45 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10548245
APN: 20-25-213-017-0000
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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