NOT LISTED FOR SALE
12 Beds
6 Baths
4,956 Sq Ft
3,125 Acres

Last Sold March 21, 2024

Last sale price $600,000 $121 Per Sq Ft

9 Days on Market

Highlights

  • Brick or Stone Mason
  • Forced Air Heating System
  • 3-minute walk to Park No. 432

About This Home

As of March 2024

Heavy attention to detail was paid when this classic Chicago greystone was gutted to the bricks and rehabbed. Tremendous floor plans, all featuring in-unit laundry, individual mechanicals and utilities, nice use of light throughout each apartment, and spacious common areas are just some examples of the benefits to an investor-owner buyer. Fully occupied building with great long-term tenants. Tear-off roof 5 years old, complete masonry overhaul 7 years old, and the rest of the gut-rehab project was done 10 years ago. New water service to the street. Convenient central Chicago location is a commuter's dream whether you work downtown or in any of the suburbs, by public transportation, car, or bicycle. 4 blocks to Kedzie Ave Metra stop (UP-W Line), 6 blocks to Kedzie Ave CTA el stop (Green Line). 4 blocks to The Hatchery Chicago, a non-profit food and beverage incubator dedicated to helping local entrepreneurs build & grow successful businesses. Some of Chicago's iconic parks are nearby, including Garfield Park and its famous Conservatory, sprawling and beautiful Humboldt Park, and the famed Chicago Boulevard system linking you to other historic neighborhoods of Chicago. Rentometer Average 2 BR/1BA Rents within 1 Mile Radius are $1,000-$1,150. ProForma NOI is $66,064 (11.5% Cap Rate).

Last Agent to Sell the Property

Matt Shrake

Coldwell Banker Real Estate Group License #475143004 Listed on: 12/12/2023

Coldwell Banker Real Estate Group

Co-Listed By

Sergio Hernandez

Keller Williams Premiere Properties License #475172552

Last Buyer's Agent

Patrick Dodd

Keller Williams ONEChicago License #475182708

Keller Williams ONEChicago

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,136

Year Built

  • Built in 1905

Lot Details

  • Lot Dimensions are 31x125

Home Design

  • Brick or Stone Mason

Interior Spaces

  • 4,956 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity, heat, hot water

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $300
  • Insurance Expense $2,900
  • Trash Expense $3,600
  • Operating Expense $11,936
  • Gross Income $56,400
  • Net Operating Income $44,464

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,136

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1905
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 12
  • Room: 0

Exterior Features

  • Exterior Building Type: Brick,Stone

Utilities

  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas

Fee Information

  • Trash Expense: 3600

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 31X125

Rental Info

  • Tenant Pays: Electricity, Heat, Hot Water
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 4956

Multi Family

  • Net Operating Income: 44464
  • Insurance Expense: 2900
  • ElectricExpense: 300
  • GrossIncome: 56400
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 11936
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 5136
  • Tax Year: 2022

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
03/21/2024 03/21/24 Sold $600,000 +4.3% $121 / Sq Ft
12/22/2023 12/22/23 Pending -- -- --
12/12/2023 12/12/23 For Sale $575,000 -- $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 $5,284 $49,000 $5,619 $43,381
2024 $5,284 $49,000 $5,619 $43,381
2023 $5,136 $24,972 $4,553 $20,419
2022 $5,136 $24,972 $4,553 $20,419
2021 $5,729 $28,490 $4,553 $23,937
2020 $3,531 $15,851 $4,553 $11,298
2019 $3,784 $18,836 $4,553 $14,283
2018 $3,721 $18,836 $4,553 $14,283
2017 $4,194 $19,481 $4,068 $15,413
2016 $3,902 $19,481 $4,068 $15,413
2015 $3,570 $19,481 $4,068 $15,413
2014 $3,340 $18,004 $3,875 $14,129
2013 $1,576 $8,664 $3,875 $4,789
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11945528

Midwest Real Estate Data (MRED)