Richard Lomax
Fulton Grace Realty
(312) 376-3268
81 Total Sales
3 in Auburn Gresham
$260K - $440K Price Range
8100 S May St Chicago, IL 60620
Auburn Gresham Neighborhood
8
Beds
6
Baths
5,344
Sq Ft
4,356
Sq Ft Lot
About This Home
As of October 2021This 6-Unit Auburn-Gresham property sits on a wide 35' x 125' parcel and is being sold As-Is. The building is solid, has some updates. GOOD NEWS! Each unit is separately metered for gas and electric and are served by central water heaters. GREAT NEWS! Each Individual unit has its own gas forced air furnace heating system. The furnaces are in goof condition, the roof is does not leak and the exterior porches are built to meet city requirements. This building is highlighted by a rare multiple brick floor to joist supporting walls. The attractive two-story property features 2, 2-bedroom, 1-bath, and 4, 1-bedroom, 1-bath rental units. Four units have similar finishes as they have each been updated over the past few years. One unit's rehab is 80% complete. One unit needs extensive bathroom and some kitchen repairs. The three remaining units need painting and minor repairs. With a projected Gross Income of $61,200 the projected NOI is $48,000 to $52,000 annually. This is based on an $850 and $950 monthly rent collected per unit. Extra income can be generated from pay washers and dryers and/or higher rents and storage. Area Cap Rates are 9.5% to 11%.
Last Agent to Sell the Property
Coldwell Banker Realty License #471011521 Listed on: 05/20/2021
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,500
Year Built
- Built in 1933
Lot Details
- 4,356 Sq Ft Lot
- Lot Dimensions are 35 x 125
- Corner Lot
Interior Spaces
- 5,344 Sq Ft Home
- 2-Story Property
- Unfinished Basement
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Bathrooms
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- 100 Amp Service
Listing and Financial Details
- Tenant pays for air conditioning, electricity, heat
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $750
- Insurance Expense $1,130
- Water Sewer Expense $1,800
- Operating Expense $11,483
- Gross Income $7,800
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
May 20, 2021
Closed on
Oct 27, 2021
Sold by
Bought by
Seller's Agent
Michael LaFargue
Coldwell Banker Realty
Buyer's Agent
Matthew Neistat
Jameson Sotheby's Intl Realty
Sold Price
$275,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,750
Interest Rate
2.88%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 18, 1998
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Auburn Gresham, IL
-
Richard Lomax
-
Otis Lazich
Otis Lazich
Capital Investment Realty Group Inc
(630) 895-7685
167 Total Sales
6 in Auburn Gresham
$80K - $176K Price Range
-
Subica Rauf
Subica Rauf
Divine Realty
(888) 719-4287
97 Total Sales
4 in Auburn Gresham
$82K - $265K Price Range
-
Thomas Wolfe
Thomas Wolfe
Responds QuicklyRE/MAX Premier
(224) 231-5375
69 Total Sales
3 in Auburn Gresham
$165K - $420K Price Range
-
Reginald Patterson
Reginald Patterson
eXp Realty
(773) 830-6144
101 Total Sales
7 in Auburn Gresham
$110K - $257K Price Range
-
Jertheus Butts
Jertheus Butts
Coldwell Banker Realty
(833) 569-4890
52 Total Sales
1 in Auburn Gresham
$77,500 Price
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 |
|---|---|---|---|
| $275,000 | Attorneys Ttl Guaranty Fund | ||
| -- | -- | ||
| $115,000 | -- |
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 | $211,750 |
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 |
|---|---|---|---|---|
| 10/27/2021 10/27/21 | Sold | $275,000 | -19.6% | $51 / Sq Ft |
| 09/25/2021 09/25/21 | Pending | -- | -- | -- |
| 08/31/2021 08/31/21 | For Sale | -- | -- | -- |
| 07/15/2021 07/15/21 | Pending | -- | -- | -- |
| 05/20/2021 05/20/21 | For Sale | $342,000 | -- | $64 / Sq Ft |
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 | $4,220 | $27,001 | $2,188 | $24,813 |
| 2024 | $4,220 | $27,001 | $2,188 | $24,813 |
| 2023 | $4,113 | $20,000 | $2,844 | $17,156 |
| 2022 | $4,113 | $20,000 | $2,844 | $17,156 |
| 2021 | $4,022 | $19,999 | $2,843 | $17,156 |
| 2020 | $3,247 | $14,574 | $2,843 | $11,731 |
| 2019 | $3,328 | $16,562 | $2,843 | $13,719 |
| 2018 | $3,272 | $16,562 | $2,843 | $13,719 |
| 2017 | $4,633 | $21,520 | $2,625 | $18,895 |
| 2016 | $4,310 | $21,520 | $2,625 | $18,895 |
| 2015 | $3,943 | $21,520 | $2,625 | $18,895 |
| 2014 | $3,555 | $19,161 | $2,406 | $16,755 |
| 2013 | $3,485 | $19,161 | $2,406 | $16,755 |
Source: Public Records
Agents Affiliated with this Home
-
Michael LaFargue
Seller's Agent in 2021
Michael LaFargue
Coldwell Banker Realty
(773) 451-1200
2 in this area
36 Total Sales
-
Stewart Morales
Seller Co-Listing Agent in 2021
Stewart Morales
Coldwell Banker Realty
(312) 771-1915
2 in this area
25 Total Sales
-
Matthew Neistat
Buyer's Agent in 2021
Matthew Neistat
Jameson Sotheby's Intl Realty
(847) 714-2913
2 in this area
45 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11095578
APN: 20322160210000
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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