NOT LISTED FOR SALE

802 E 89th Place Chicago, IL 60619

Chatham Neighborhood
16 Beds
8 Baths
-- Sq Ft
7,500 Sq Ft Lot

Sale Details

Date 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

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2021
Closed on
Jul 20, 2021
Sold by
Bought by
Seller's Agent
Ryan Smith
RE/MAX Premier
Buyer's Agent
Rosa Weatherly
Coldwell Banker Realty
List Price
$279,900
Sold Price
$250,000
Premium/Discount to List
-$29,900
-10.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
0.0325%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,556,000
Interest Rate
0.04%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 28, 2017
Sold by
Bought by

Purchase Details

Closed on
Oct 26, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
0.0644%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 7, 1997
Sold by
Bought by

Purchase Details

Closed on
Jan 10, 1995
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase 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 Buyer Sale Price Title Company
$250,000 First American Title
$261,000 Prairie Title
-- Greater Illinois Title
$227,500 Stewart Title Of Illinois
-- --
$167,500 --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Closed $187,500
Previous Owner $1,556,000
Previous Owner $420,000
Source: Public Records

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
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

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 $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

  • Ryan Smith

    Seller's Agent in 2021

    Ryan Smith

    RE/MAX Premier

    (312) 810-9680

    10 in this area

    764 Total Sales

    Ryan Smith
    Section Image
  • Rosa Weatherly

    Buyer's Agent in 2021

    Rosa Weatherly

    Coldwell Banker Realty

    (773) 908-6402

    1 in this area

    20 Total Sales

    Rosa Weatherly
    Section Image
  • Ola Sanni

    Seller's Agent in 2018

    Ola Sanni

    Century 21 S.G.R., Inc.

    (773) 614-7944

    7 in this area

    144 Total Sales

    Ola Sanni
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10998121

Midwest Real Estate Data (MRED)

APN: 25021060440000

Illinois Cook County Chicago 60619 Chatham

802 E 89th Place, 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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