NOT LISTED FOR SALE
11 Beds
5 Baths
4,050 Sq Ft
3,750 Sq Ft Lot

Last Sold July 18, 2022

Last sale price $850,000 $210 Per Sq Ft

4 Days on Market

About This Home

As of July 2022

Fantastic Investment Opportunity with this 5-unit apartment building on an extra-wide lot just 3 blocks north of West Town's hidden gem-Smith Park! Located on a quiet, tree-lined street and on the market for the first time in 37 years, this building has been well cared for by its longterm, live-in owners. Projected rents fully rented would be around $7,050 per month and could easily be more with further cosmetic updates. This building is comprised of four 2BR/1BTH units and one 3BR/1BTH owner's unit with walk-out front balcony. Recent updates include a new roof (2020), newer sidewalks, a remodeled kitchen in the garden unit and updated kitchen in the owner's unit as well. Building has RT-4 zoning and a backyard patio next to a 2-car garage. 3 units are rented out currently and the owner lives in one unit themselves. Building is huge with over 4,000 sq ft of living space according to county records and has tons of storage in the basement as well. All this in a convenient location close to shopping, restaurants and public transportation (Just half a block to the Chicago Ave. bus stop, just 8 blocks to the Western Metra Station and easy access to the 90/94 and 290 expressways as well.

Last Agent to Sell the Property

Michael Hall

Baird & Warner License #475148426 Listed on: 05/16/2022

Baird & Warner

Last Buyer's Agent

Ben Lalez

Compass License #475124644

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,649

Year Built

  • Built in 1910

Lot Details

  • 3,750 Sq Ft Lot
  • Lot Dimensions are 30 x 125

Home Design

  • Quadruplex
  • Brick Exterior Construction

Interior Spaces

  • 4,050 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 5 Bathrooms

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Radiator
  • Hot Water Heating System
  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 5 Units

Building Details

  • Fuel Expense $200
  • Insurance Expense $3,000
  • Water Sewer Expense $100
  • Operating Expense $6,600
  • Gross Income $39,600
  • Net Operating Income $23,351

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,649

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Four Plus One
  • Stories: 2
  • Year Built: 1910
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Bedrooms: 11
  • Possible Use: Condominium
  • Basement Description: Partially Finished
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Refrigerators: 5
  • Ranges: 5
  • Number of Windows: 0
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Frontage Type: City Street
  • List Price: 885000

Garage/Parking

  • Outdoor Parking: None On Site
  • Indoor Parking: 1-5 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Utilities: Sanitary Sewer, Water-Municipal
  • Heat/Ventilation: Forced Air,Gas,Hot Water,Radiators,Wall Unit
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 100
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 30 X 125
  • Lot Size Sq Ft: 3750
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8
  • Tenancy Type: Leases,Month To Month

Building Info

  • BuildingAreaTotal: 4050

Multi Family

  • Net Operating Income: 23351
  • Fuel Expense: 200
  • Insurance Expense: 3000
  • GrossIncome: 39600
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 6600
  • Expense Year: 2021
  • Type Multi-Family: Four Plus One

Tax Info

  • Tax Annual Amount: 9648.52
  • Tax Year: 2020

Range of Values:

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Sold Price
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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 Change Sq Ft Price
07/18/2022 07/18/22 Sold $850,000 -4.0% $210 / Sq Ft
05/21/2022 05/21/22 Pending -- -- --
05/16/2022 05/16/22 For Sale $885,000 -- $219 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11405532

Midwest Real Estate Data (MRED)