D
Seller's Agent in 2023
Danny Logarakis
Kiser Group Realty Inc
827 N Marshfield Ave Chicago, IL 60622
East Village Neighborhood
9
Beds
7
Baths
5,002
Sq Ft
1900
Built
About This Home
As of June 2023827 N. Marshfield is located in the West Town neighborhood of Chicago and consists of 5 nicely updated apartments. The property consists of two structures. The front building is made up of two 2-bedroom units and one 3bedroom unit. The rear building is made up of two 1-bedroom units. The units have all be updated to a consistent level of finish. 827 Marshfield is conveniently located near the intersection of Chicago Avenue and Ashland Avenue. This location offers tenants proximity to a variety of shopping, dining and transportation options that make this a desirable rental location. This offer presents a new owner with an opportunity to acquire a well maintained building in a highly sought after and convenient location. Due to the below market rents, the buyer will have the opportunity to increase cash flow and generate a high return by implementing a more aggressive leasing and management strategy.
Last Agent to Sell the Property
Danny Logarakis
Kiser Group Realty Inc License #475165250 Listed on: 12/07/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,444
Year Built
- Built in 1900
Bedrooms and Bathrooms
- 9 Bedrooms
- 7 Bathrooms
Additional Features
- 3-Story Property
- Lot Dimensions are 25' x 130'
- Floor Furnace
Listing and Financial Details
- Tenant pays for electricity, heat, hot water
Community Details
Overview
- 5 Units
Building Details
- Electric Expense $600
- Insurance Expense $4,204
- Maintenance Expense $2,125
- Manager Expense $4,172
- Other Expense $2,843
- Water Sewer Expense $1,236
- Operating Expense $37,388
- Gross Income $109,800
- Net Operating Income $66,922
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/28/2023 06/28/23 | Sold | $1,180,000 | -1.7% | $236 / Sq Ft |
| 04/30/2023 04/30/23 | Pending | -- | -- | -- |
| 04/20/2023 04/20/23 | Price Changed | $1,200,000 | -5.9% | $240 / Sq Ft |
| 03/22/2023 03/22/23 | For Sale | $1,275,000 | -- | $255 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $15,573 | $110,920 | $28,275 | $82,645 |
| 2024 | $15,573 | $110,920 | $28,275 | $82,645 |
| 2023 | $15,136 | $73,589 | $22,750 | $50,839 |
| 2022 | $15,136 | $73,589 | $22,750 | $50,839 |
| 2021 | $21,444 | $106,640 | $22,750 | $83,890 |
| 2020 | $17,484 | $78,487 | $11,050 | $67,437 |
| 2019 | $17,521 | $87,209 | $11,050 | $76,159 |
| 2018 | $18,600 | $94,161 | $11,050 | $83,111 |
| 2017 | $19,061 | $88,543 | $9,750 | $78,793 |
| 2016 | $17,734 | $88,543 | $9,750 | $78,793 |
| 2015 | $16,225 | $88,543 | $9,750 | $78,793 |
| 2014 | $6,716 | $36,195 | $8,125 | $28,070 |
| 2013 | $9,257 | $50,897 | $8,125 | $42,772 |
Source: Public Records
Agents Affiliated with this Home
-
-
Young Kang
Buyer's Agent in 2023
Young Kang
Partners 4U Realty Inc
(847) 738-9121
1 in this area
11 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11742525
APN: 17064400060000
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