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

0

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

Range of Values:

Collateral Analytics

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Average Value
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List Price
Sold Price
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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 Compared to Growth

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

    14 Total Sales

    Rob Thompson
    Section Image
  • Eric Green

    Buyer's Agent in 2016

    Eric Green

    WPD Management LLC

    (312) 254-8270

    3 Total Sales

    Eric Green
    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

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