NOT LISTED FOR SALE
3 Beds
15 Baths
-- Sq Ft
1924 Built

Last Sold June 27, 2018

Last sale price $365,000

11 Days on Market

About This Home

As of June 2018

Urban Villas Real Estate is pleased to present 7359 South Lowe Avenue in Chicago's Englewood community. This 15-unit building has an excellent cap rate of 12.7 percent and a 95% occupancy rate. Each unit has individual heating which is paid for by each tenant lowering expenses significantly and adds to the attractiveness of this property. Kitchens and bathrooms are updated. Other updates include a silver roof, tuckpointing, and newer windows. The building consists of twelve studio units and three one bedroom plus den units. The building is near Hamilton Park, multiple bus lines, and the CTA Red Line.

Last Agent to Sell the Property

Jerome Harper

Keller Williams ONEChicago License #475177533 Listed on: 04/19/2018

Keller Williams ONEChicago

Co-Listed By

Beverly Johnson

Vylla Home License #471016546

Vylla Home

Last Buyer's Agent

Beverly Johnson

Vylla Home License #471016546

Vylla Home

Property Details

Home Type

  • Multi-Family

Year Built

  • 1924

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Community Details

  • Insurance Expense $4,551

Listing and Financial Details

  • Tenant pays for electric, heat

Property Details

Home Type

Multi-Family

Year Built

1924

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Limited Liability Corp
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2016
  • Net Oper Income: 51846
  • Repairs Decor Expense: 1581
  • Roof Coverings: Rubber
  • Roof Structure: Flat
  • Scavenger Expense: 2640
  • Total Annual Exp: 26596
  • Total Annual Income: 78542
  • Total Monthly Income: 6545
  • Number of Ranges: 15
  • Number Of Refrigs: 15
  • Number Of Stories: 3
  • Estimated Year Built: 1924
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1924

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick, Concrete

Utilities

  • Heatventilation: Central Heat/Indiv Controls, Forced Air, Gas, Separate Per Unit
  • Water Expense: 7374

Condo/Co-op/Association

  • Units in Building: 15

Fee Information

  • Electricity Expense: 705

Lot Info

  • Lot Dimensions: 38X125
  • Lot Sq Ft: 4825
  • Parcel Identification Number: 20281160130000

Rental Info

  • Gross Rental Income: 78542
  • Tenant Pays: Electric, Heat

Multi Family

  • Expense Year: 2016
  • Insurance Expense: 4551

Tax Info

  • Taxes: 6994
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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
06/27/2018 06/27/18 Sold $365,000 -5.2% --
04/30/2018 04/30/18 Pending -- -- --
04/19/2018 04/19/18 For Sale $384,999 -- --
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 $11,681 $71,400 $3,860 $67,540
2024 $11,681 $71,400 $3,860 $67,540
2023 $11,387 $55,364 $3,016 $52,348
2022 $11,387 $55,364 $3,016 $52,348
2021 $11,133 $55,363 $3,015 $52,348
2020 $11,757 $52,778 $3,015 $49,763
2019 $10,604 $52,778 $3,015 $49,763
2018 $10,425 $52,778 $3,015 $49,763
2017 $6,496 $30,177 $2,774 $27,403
2016 $6,150 $30,704 $2,774 $27,930
2015 $6,994 $38,165 $2,774 $35,391
2014 $5,436 $29,301 $2,774 $26,527
2013 $4,555 $25,043 $2,774 $22,269
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09921795

Midwest Real Estate Data (MRED)

APN: 20281160130000

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