NOT LISTED FOR SALE
16 Beds
8 Baths
-- Sq Ft
7,500 Sq Ft Lot

Last Sold July 21, 2021

Last sale price $250,000

28 Days on Market

About This Home

As of July 2021

Cash flow potential awaits an investor looking for amazing returns with this solid 8 unit building located off of bustling Cottage Grove Ave. This building offers 8 total units, each unit features 2 bedrooms/1 bath, hardwd floors with great space. The building has front and rear staircases, gated parking lot and a security fence surrounding the perimeter of the building! There are two vacant units with 6 being currently occupied, occupants desire to remain in the units! The cash flow potential on this asset is HUGE and these buildings rarely come available. Located just blocks from 87th St, Metra train station and minutes from Dan Ryan this location is hard to beat. Some minor updates are needed in the units, at this price point there is tons of value add for an investor with vision and experience in this market. This building will not last long, do not wait to get inside and take a look!

Last Agent to Sell the Property

Ryan Smith

RE/MAX Premier License #475150650 Listed on: 02/18/2021

RE/MAX Premier

Last Buyer's Agent

Rosa Weatherly

Coldwell Banker Realty License #475170545

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,138

Year Built

  • Built in 1963

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 50 x 150

Home Design

  • Brick Exterior Construction
  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Utilities

  • No Cooling
  • Central Heating
  • Hot Water Heating System
  • Separate Meters

Community Details

  • 8 Units

Listing and Financial Details

  • Tenant pays for electricity

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,138

Year Built

Built in 1963

Lot Details

7,500 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1963
  • Built Before 1978 (Y/N): Yes
  • Information: Exceptions-Call List Office,Other-See Remarks,REO/Lender Owned
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 16
  • Possible Use: Condominium
  • Basement Description: Unfinished
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Concrete
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Exterior Building Type: Brick
  • Misc Outside: Enclosed Stairs

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: None
  • Electric: Circuit Breakers, Separate Meters
  • Utilities: Sanitary Sewer, Water-Municipal
  • Heat/Ventilation: Central Bldg Heat,Hot Water

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.17
  • Lot Dimensions: 50 X 150
  • Lot Size Sq Ft: 7500
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • NumberOfUnitsTotal: 8
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 11137.8
  • Tax Year: 2019
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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
07/21/2021 07/21/21 Sold $250,000 -10.7% --
03/18/2021 03/18/21 Pending -- -- --
03/10/2021 03/10/21 For Sale $279,900 0.0% --
02/24/2021 02/24/21 Pending -- -- --
02/18/2021 02/18/21 For Sale $279,900 0.0% --
04/01/2018 04/01/18 Rented $850 0.0% --
03/26/2018 03/26/18 Under Contract -- -- --
03/17/2018 03/17/18 Price Changed $850 +0.6% $1 / Sq Ft
03/13/2018 03/13/18 Price Changed $845 -0.7% $1 / Sq Ft
03/08/2018 03/08/18 Price Changed $851 +0.1% $1 / Sq Ft
02/28/2018 02/28/18 For Rent $850 -- --
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 $10,176 $45,300 $11,250 $34,050
2024 $10,176 $45,300 $11,250 $34,050
2023 $9,842 $38,929 $6,750 $32,179
2022 $9,842 $38,929 $6,750 $32,179
2021 $6,225 $25,000 $6,750 $18,250
2020 $12,376 $45,914 $6,750 $39,164
2019 $11,138 $45,914 $6,750 $39,164
2018 $10,990 $45,914 $6,750 $39,164
2017 $11,272 $43,996 $5,625 $38,371
2016 $8,418 $35,171 $5,625 $29,546
2015 $9,746 $43,996 $5,625 $38,371
2014 $8,542 $38,016 $5,625 $32,391
2013 $8,372 $38,016 $5,625 $32,391
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10998121

Midwest Real Estate Data (MRED)

APN: 25021060440000

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