NOT LISTED FOR SALE

7556 S Calumet Ave Chicago, IL 60619

Park Manor Neighborhood
33 Beds
18 Baths
-- Sq Ft
9,148 Sq Ft Lot

Last Sold November 29, 2016

Last sale price $787,500

24 Days on Market

About This Home

As of November 2016

A fully occupied 18-unit investment property in the heart of highly desirable Park Manor. A good mix of 15-2bdrm and 3-1bdrm apartments. Landlord pays heat, water and common electric. Fully improved with new boiler, porches, windows, hot water heater, copper plumbing, 600 amp electric service, tuck-pointing and entry doors. All apartments upgraded to moderate rental market condition. Investment is a 10.3% cap rate at List Price. Well-suited to active or passive investor. Turn-key opportunity.

Last Agent to Sell the Property

Rob Thompson

Realty Asset Advisors LLC License #471021162 Listed on: 08/06/2016

Last Buyer's Agent

Eric Green

WPD Management LLC License #471018624

Property Details

Home Type

  • Multi-Family

Year Built

  • 1916

Lot Details

  • 9,148

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Additional Features

  • Unfinished Basement

Community Details

  • Fuel Expense $11,821
  • Insurance Expense $6,789

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1916

Lot Details

9,148 Sq Ft Lot

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Individual
  • Potential Use: Residential-Multi-Family
  • Utilities To Site: Water-Municipal
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Oper Income: 87582
  • Repairs Decor Expense: 10735
  • Roof Structure: Flat
  • Scavenger Expense: 3089
  • Total Annual Exp: 65617
  • Total Annual Income: 160860
  • Total Monthly Income: 13405
  • Number of Ranges: 18
  • Number Of Refrigs: 18
  • Number Of Stories: 3
  • Estimated Year Built: 1916
  • Type Multi Family: Garden Complex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1916

Interior Features

  • Basement: Unfinished

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Acreage: 0.21
  • Construction: Brick
  • Frontage Access: City Street

Utilities

  • Fire Protection: Smoke or Fire Protectors
  • Heatventilation: Central Bldg Heat
  • Water Expense: 15446

Condo/Co-op/Association

  • Units in Building: 18

Fee Information

  • Electricity Expense: 638
  • Electrical Service: Circuit Breakers
  • Janitor Expense: 4858

Lot Info

  • Lot Dimensions: 9552 SF
  • Parcel Identification Number: 20273040400000

Rental Info

  • Gross Rental Income: 160860
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2015
  • Fuel Expense: 11821
  • Insurance Expense: 6789
  • Other Expenses: 11532

Tax Info

  • Taxes: 13224.06
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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
11/29/2016 11/29/16 Sold $787,500 -7.4% --
08/30/2016 08/30/16 Pending -- -- --
08/06/2016 08/06/16 For Sale $850,000 -- --
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 $12,717 $86,100 $12,611 $73,489
2024 $12,717 $86,100 $12,611 $73,489
2023 $12,397 $60,273 $5,549 $54,724
2022 $12,397 $60,273 $5,549 $54,724
2021 $12,120 $60,272 $5,548 $54,724
2020 $20,400 $91,575 $5,548 $86,027
2019 $18,399 $91,575 $5,548 $86,027
2018 $18,089 $91,575 $5,548 $86,027
2017 $15,343 $71,274 $4,540 $66,734
2016 $14,275 $71,274 $4,540 $66,734
2015 $12,922 $71,274 $4,540 $66,734
2014 $13,224 $71,274 $4,540 $66,734
2013 $12,963 $71,274 $4,540 $66,734
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Rob Thompson

    Realty Asset Advisors LLC

    (773) 672-7335

    4 in this area

    11 Total Sales

    Rob Thompson
    Section Image

  • E

    Buyer's Agent in 2016

    Eric Green

    WPD Management LLC

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09309256

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60619 Park Manor

7556 S Calumet Ave, Chicago, IL

Not Listed for Sale

MultiFamily

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.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID

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