Seller's Agent in 2022
Danny Lewis
Baird & Warner
(773) 988-9092
1 in this area
206 Total Sales
7956 S Normal Ave Chicago, IL 60620
Auburn Gresham Neighborhood
13
Beds
14
Baths
800
Sq Ft
7,200
Sq Ft Lot Lot
About This Home
As of April 2022VALUE ADD OPPORTUNITY with this 6 figure producing 13 unit in West Chatham. 11 one-bedrooms, 2 studios, and 1 non-conforming two-bedroom. Improvements include Newer Roof, newer windows, new rear porches/ stairs. Rents are below market, but can easily be moved up to a higher rate with some cosmetic updates. High income producing building and perfect opportunity to pick up a hot investment at over 11% cap rate. Steps from Westcott Elementary, Simeon High School, and in the middle of three parks!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,814
Year Built
- Built in 1927
Lot Details
- 7,200 Sq Ft Lot
- Lot Dimensions are 25x125
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 13 Bedrooms
- 14 Bathrooms
Additional Features
- 3-Story Property
- Radiator
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 13 Units
Building Details
- Electric Expense $738
- Fuel Expense $13,019
- Insurance Expense $3,353
- Trash Expense $1,831
- Water Sewer Expense $5,321
- Operating Expense $34,318
- Gross Income $104,676
- Net Operating Income $61,544
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Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/11/2022 04/11/22 | Sold | $460,000 | -12.4% | $575 / Sq Ft | |
| 02/11/2022 02/11/22 | Pending | -- | -- | -- | |
| 11/16/2021 11/16/21 | For Sale | $525,000 | +9.4% | $656 / Sq Ft | |
| 11/12/2019 11/12/19 | Sold | $480,000 | -8.6% | -- | View Prior Sale |
| 09/02/2019 09/02/19 | Pending | -- | -- | -- | |
| 08/19/2019 08/19/19 | For Sale | $525,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $9,706 | $30,940 | $4,446 | $26,494 |
| 2024 | $9,706 | $30,940 | $4,446 | $26,494 |
| 2023 | $9,461 | $46,001 | $4,500 | $41,501 |
| 2022 | $9,461 | $46,001 | $4,500 | $41,501 |
| 2021 | $13,317 | $66,226 | $4,500 | $61,726 |
| 2020 | $13,918 | $62,479 | $4,500 | $57,979 |
| 2019 | $12,553 | $62,479 | $4,500 | $57,979 |
| 2018 | $10,429 | $52,797 | $4,500 | $48,297 |
| 2017 | $8,814 | $40,943 | $4,140 | $36,803 |
| 2016 | $10,215 | $51,003 | $4,140 | $46,863 |
| 2015 | $12,209 | $66,624 | $4,140 | $62,484 |
| 2014 | $12,361 | $66,624 | $4,140 | $62,484 |
| 2013 | -- | $66,624 | $4,140 | $62,484 |
Source: Public Records
Agents Affiliated with this Home
-
Danny Lewis
-
Michael Tolliver
Buyer's Agent in 2022
Michael Tolliver
Atlas Asset Management Realty LLC
(312) 617-8095
2 in this area
21 Total Sales
-
Moses Hall
Seller's Agent in 2019
Moses Hall
MoHall Commercial & Urban Development
(312) 826-9925
1 in this area
46 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11271236
APN: 20331050350000
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.
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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