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

Sale Details

Date Sold: June 27, 2018

Last sale price $365,000 $0 Per Sq Ft

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

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
Apr 19, 2018
Closed on
Jul 26, 2018
Sold by
Bought by
Seller's Agent
Jerome Harper
Keller Williams ONEChicago
Buyer's Agent
Beverly Johnson
Vylla Home
List Price
$384,999
Sold Price
$365,000
Premium/Discount to List
-$19,999
-5.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,875
Interest Rate
5.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 23, 2012
Sold by
Bought by

Purchase Details

Closed on
Aug 3, 2006
Sold by
Bought by

Purchase Details

Closed on
Feb 23, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 27, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
5.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 14, 1999
Sold by
Bought by

Purchase Details

Closed on
Oct 19, 1998
Sold by
Bought by

Purchase Details

Closed on
Oct 22, 1996
Sold by
Bought by

Purchase Details

Closed on
Jul 2, 1996
Sold by
Bought by

Purchase Details

Closed on
Feb 3, 1994
Sold by
Bought by

Purchase Details

Closed on
Sep 7, 1986
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$365,000 Fidelity National Title
$50,000 Old Republic National Title
-- Pntn
$600,000 Atg
$415,000 Pntn
$50,000 --
-- --
$225,000 --
-- --
$18,333 --
-- --
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
Closed $282,875
Previous Owner $450,000
Previous Owner $332,000
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
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

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 $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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