NOT LISTED FOR SALE
15 Beds
7 Baths
-- Sq Ft
1927 Built

Sale Details

Date Sold: August 30, 2018

Last sale price $225,000 $0 Per Sq Ft

239 Days on Market

About This Home

As of August 2018

Stabilized 8-unit building in super-hot Chatham. This solid performer is running as a fully-burdened 15% Cap, has professional management in-place and is ready for a new investor to ride her into the sunset! Cash flow analysis is available in the "Additional Information" Tab. Property is being sold 'as-is.' Please note: A building permit has been issued for porch replacement, a contractor has been engaged to complete the work and a substantial deposit for this work has been made. The new buyer has the option to assume responsibility for the payment of the remaining balance owing.

Last Agent to Sell the Property

Scott Siegel

Chicago Real Estate Authority License #471011328 Listed on: 11/08/2017

Last Buyer's Agent

Mike Frank

Keller Williams Preferred Realty License #475129769

Keller Williams Preferred Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1927

Home Design

  • Brick Exterior Construction

Additional Features

  • Finished Basement

Community Details

  • Fuel Expense $1,811
  • Insurance Expense $2,200

Listing and Financial Details

  • Tenant pays for electric, heat

Property Details

Home Type

Multi-Family

Year Built

1927

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Utilities To Site: Sanitary Sewer to Site, Water-Municipal, Water to Site
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2016
  • Net Oper Income: 41493
  • Scavenger Expense: 1500
  • Total Annual Exp: 21207
  • Total Annual Income: 66000
  • Total Monthly Income: 5500
  • Number Of Stories: 3
  • Estimated Year Built: 1927
  • Type Multi Family: Corridor-Exterior Entrance, Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1927

Interior Features

  • Basement: Finished, Unfinished

Exterior Features

  • Exterior Building Type: Brick

Utilities

  • Heatventilation: Forced Air, Gas, Separate Per Unit
  • Water Expense: 2018

Condo/Co-op/Association

  • Units in Building: 8

Fee Information

  • Electricity Expense: 478
  • Janitor Expense: 3600

Lot Info

  • Lot Dimensions: 38X124
  • Lot Sq Ft: 4712
  • Parcel Identification Number: 20342310030000

Rental Info

  • Gross Rental Income: 66000
  • Tenant Pays: Electric, Heat

Multi Family

  • Expense Year: 2012
  • Fuel Expense: 1811
  • Insurance Expense: 2200
  • Other Expenses: 3762

Tax Info

  • Taxes: 5838

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
Nov 8, 2017
Closed on
Aug 24, 2018
Sold by
Bought by
Seller's Agent
Scott Siegel
Chicago Real Estate Authority
Buyer's Agent
Mike Frank
Keller Williams Preferred Realty
List Price
$279,000
Sold Price
$225,000
Premium/Discount to List
-$54,000
-19.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,500
Interest Rate
4.5%
Mortgage Type
Construction

Purchase Details

Listed on
Feb 7, 2015
Closed on
Jan 27, 2016
Sold by
Bought by
Seller's Agent
Gary Weglarz
Applebrook Realty Inc
Buyer's Agent
Scott Siegel
Chicago Real Estate Authority
List Price
$319,900
Sold Price
$185,000
Premium/Discount to List
-$134,900
-42.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.88%

Purchase Details

Closed on
Mar 27, 1998
Sold by
Bought by

Purchase Details

Closed on
Oct 9, 1997
Sold by
Bought by

Purchase Details

Closed on
Jun 28, 1994
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
$235,000 First American Title
$185,000 Git
-- --
$52,000 --
-- --
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
Open $322,000
Closed $286,500
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 Prior Sale
08/30/2018 08/30/18 Sold $225,000 -19.4% --
07/05/2018 07/05/18 Pending -- -- --
05/04/2018 05/04/18 For Sale $279,000 0.0% --
04/19/2018 04/19/18 Pending -- -- --
04/06/2018 04/06/18 For Sale $279,000 0.0% --
12/30/2017 12/30/17 Pending -- -- --
11/29/2017 11/29/17 For Sale $279,000 0.0% --
11/16/2017 11/16/17 Pending -- -- --
11/08/2017 11/08/17 For Sale $279,000 +50.8% --
02/02/2016 02/02/16 Sold $185,000 -42.2% $29 / Sq Ft View Prior Sale
11/20/2015 11/20/15 Pending -- -- --
02/07/2015 02/07/15 For Sale $319,900 -- $50 / 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 $5,652 $38,300 $7,304 $30,996
2024 $5,652 $38,300 $7,304 $30,996
2023 $5,510 $26,788 $4,241 $22,547
2022 $5,510 $26,788 $4,241 $22,547
2021 $5,387 $26,787 $4,240 $22,547
2020 $7,580 $34,024 $4,240 $29,784
2019 $6,836 $34,024 $4,240 $29,784
2018 $6,721 $34,024 $4,240 $29,784
2017 $6,859 $31,861 $3,534 $28,327
2016 $6,381 $31,861 $3,534 $28,327
2015 $5,838 $31,861 $3,534 $28,327
2014 $5,819 $31,363 $3,534 $27,829
2013 $5,704 $31,363 $3,534 $27,829
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09796355

Midwest Real Estate Data (MRED)

APN: 20342310030000

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