NOT LISTED FOR SALE
12 Beds
6 Baths
11,373 Sq Ft
1923 Built

Last Sold November 29, 2021

Last sale price $555,000 $49 Per Sq Ft

29 Days on Market

Highlights

  • 9,480 Sq Ft lot
  • 6 Fireplaces
  • Heating System Uses Steam
  • Property is near public transit
  • Central Heating

About This Home

As of November 2021

Great investment opportunity in South Shore Neighborhood, close to the lake, Jackson Park, and soon to be presidential Library. This very well maintained building features 6 huge apartments-1260sq. each with spacious living room, dining room, open kitchen, 2 big bedrooms and 1 bathroom. Fully rented and turn key ready generates a nice profit every month. Each unit features a spacious floorplan, hardwood floors, updated kitchen & bath, decorative fireplace, formal dining room, tons of closet space, enclosed back porches. Brick 6 Car garage with a parking spot for each unit. Plenty of additional parking on Yates Boulevard. Newer rubber roof-2017, Hot Water Tanks -2016, Double pane vinyl windows. Low taxes. Nothing to do just collect rent.

Last Agent to Sell the Property

Mark Gajos

arhome realty License #471010736 Listed on: 09/07/2021

arhome realty

Last Buyer's Agent

Elias Masud

Compass License #475163294

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,674

Year Built

  • Built in 1923

Lot Details

  • 9,480 Sq Ft Lot
  • Lot Dimensions are 60x160

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 11,373 Sq Ft Home
  • 3-Story Property
  • 6 Fireplaces
  • Unfinished Basement

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Location

  • Property is near public transit

Utilities

  • No Cooling
  • Central Heating
  • Radiator
  • Heating System Uses Steam
  • Heating System Uses Gas
  • 200+ Amp Service

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $780
  • Fuel Expense $7,600
  • Insurance Expense $4,200
  • Maintenance Expense $600
  • Trash Expense $1,600
  • Water Sewer Expense $3,450
  • Operating Expense $21,305
  • Gross Income $80,316
  • Net Operating Income $59,011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,674

Year Built

Built in 1923

Lot Details

9,480 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1923
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • 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
  • Fireplaces: 6
  • Possible Use: Condominium, Multi-Family
  • Basement Description: Unfinished
  • Refrigerators: 6
  • Ranges: 6
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Frontage Type: City Street
  • Roof: Rubber
  • Exterior Building Type: Brick
  • Roof Structure: Flat
  • Misc Outside: Enclosed Porch,Enclosed Stairs

Garage/Parking

  • Indoor Parking: 6-12 Spaces,Detached

Utilities

  • Cooling: None
  • Electric: Circuit Breakers, Service - 201 to 600 Amps
  • Utilities: Sanitary Sewer, Water-Municipal
  • Heat/Ventilation: Central Bldg Heat,Gas,Radiators,Steam

Condo/Co-op/Association

  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1600
  • Water Sewer Expenses: 3450

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 60X160
  • Lot Size Sq Ft: 9480
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Sidewalks

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 11373

Multi Family

  • Net Operating Income: 59011
  • Fuel Expense: 7600
  • Insurance Expense: 4200
  • ElectricExpense: 780
  • GrossIncome: 80316
  • Maintenance Expense: 600
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 21305
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 3674.37
  • Tax Year: 2020
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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
11/29/2021 11/29/21 Sold $555,000 -11.1% $49 / Sq Ft
10/07/2021 10/07/21 Pending -- -- --
09/07/2021 09/07/21 For Sale $624,500 -- $55 / Sq Ft
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 $4,198 $46,107 $5,580 $40,527
2024 $4,198 $46,107 $5,580 $40,527
2023 $4,078 $19,826 $9,300 $10,526
2022 $4,078 $19,826 $9,300 $10,526
2021 $3,987 $19,826 $9,300 $10,526
2020 $3,674 $16,494 $6,696 $9,798
2019 $3,766 $18,744 $6,696 $12,048
2018 $3,703 $18,744 $6,696 $12,048
2017 $6,955 $32,308 $5,952 $26,356
2016 $6,471 $32,308 $5,952 $26,356
2015 $5,920 $32,308 $5,952 $26,356
2014 $5,539 $29,856 $5,208 $24,648
2013 $5,430 $29,856 $5,208 $24,648
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11211397

Midwest Real Estate Data (MRED)

APN: 21303070060000

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