NOT LISTED FOR SALE

7836 S Ada St Chicago, IL 60620

Auburn Gresham Neighborhood
26 Beds
13 Baths
-- Sq Ft
6,970 Sq Ft Lot Lot

Sale Details

Date Sold: December 20, 2019

Last sale price $550,000 $0 Per Sq Ft

52 Days on Market

About This Home

As of December 2019

Turnkey investment! This 13 unit vintage building in Auburn Gresham has been well maintained with recent updates to the apartments including kitchens, baths and hardwood floors. A new boiler was installed winter 2018, rehabbed porches and lentils. The roof was re-coated 2 years ago. 12 of the 13 units are occupied. Margin to increase some rents that are as low as $700 for longer term tenants. More recent rentals have been at $850-$950.

Last Agent to Sell the Property

Jennifer Knight

MetroPro Realty LLC License #475154820 Listed on: 06/04/2019

Last Buyer's Agent

Zakia Clayton

Middleton Realty Group Inc License #475148174

Property Details

Home Type

  • Multi-Family

Year Built

  • 1926

Lot Details

  • 6,970

Home Design

  • Brick Exterior Construction

Community Details

  • Fuel Expense $10,243
  • Insurance Expense $10,937

Listing and Financial Details

  • Tenant pays for electric
  • $27,500 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1926

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2018
  • Net Oper Income: 65554
  • Repairs Decor Expense: 3450
  • Scavenger Expense: 1944
  • Total Annual Exp: 54446
  • Total Annual Income: 120000
  • Total Monthly Income: 10000
  • Number of Ranges: 13
  • Number Of Refrigs: 13
  • Number Of Stories: 3
  • Estimated Year Built: 1926
  • Type Multi Family: Courtyard
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1926

Exterior Features

  • Exterior Building Type: Brick
  • Acreage: 0.16
  • Construction: Brick

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Heatventilation: Central Bldg Heat, Radiators
  • Water Expense: 11822

Condo/Co-op/Association

  • Units in Building: 13

Fee Information

  • Electricity Expense: 752
  • Janitor Expense: 4200

Lot Info

  • Lot Dimensions: 7306
  • Parcel Identification Number: 20293200250000

Rental Info

  • Gross Rental Income: 120000
  • Tenant Pays: Electric

Multi Family

  • Fuel Expense: 10243
  • Insurance Expense: 10937
  • Other Expenses: 800

Tax Info

  • Taxes: 10298
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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
12/20/2019 12/20/19 Sold $550,000 -10.6% --
07/26/2019 07/26/19 Pending -- -- --
06/04/2019 06/04/19 For Sale $615,000 -- --
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 $19,347 $92,500 $5,845 $86,655
2024 $19,347 $92,500 $5,845 $86,655
2023 $18,861 $91,699 $4,566 $87,133
2022 $18,861 $91,699 $4,566 $87,133
2021 $18,440 $91,698 $4,566 $87,132
2020 $11,039 $49,553 $4,566 $44,987
2019 $9,956 $49,553 $4,566 $44,987
2018 $9,788 $49,553 $4,566 $44,987
2017 $10,299 $47,840 $4,200 $43,640
2016 $9,582 $47,840 $4,200 $43,640
2015 $8,766 $47,840 $4,200 $43,640
2014 $7,340 $39,563 $4,200 $35,363
2013 $7,196 $39,563 $4,200 $35,363
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Knight

    Seller's Agent in 2019

    Jennifer Knight

    MetroPro Realty LLC

    (312) 622-6441

    6 Total Sales

    Jennifer Knight
    Section Image

  • Z

    Buyer's Agent in 2019

    Zakia Clayton

    Middleton Realty Group Inc

    (847) 863-0405

    6 Total Sales

    Zakia Clayton
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10404727

Midwest Real Estate Data (MRED)

APN: 20293200250000

Illinois Cook County Chicago 60620 Auburn Gresham

7836 S Ada St, Chicago, IL

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) 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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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