NOT LISTED FOR SALE

8550 W Catalpa Ave Chicago, IL 60656

O'Hare Neighborhood
8 Beds
5 Baths
-- Sq Ft
5,227 Sq Ft Lot Lot

Sale Details

Date Sold: March 28, 2018

Last sale price $591,000 $0 Per Sq Ft

10 Days on Market

About This Home

As of March 2018

Opportunity is knocking!! Long time owner selling this fabulous 5 unit building!! Located in great area of other multi-family buildings. Walk to Blue line/CTA. Easy access to I-90 and O'Hare. 1 block from park. Rents can be higher -- long term tenants. All month to month but will stay! Note: 2 units currently vacant -- perfect for an owner who wants to occupy! If not, the units rent very quickly due to the convenience of the building and the well-maintained units. Hardwood floors throughout! 2 car attached garage off alley with additional parking spots. Basement with coin laundry and storage unit for each tenant. What a great investment!! Won't last long!!

Last Agent to Sell the Property

Donna Mundzic

Keller Williams ONEChicago License #475107489 Listed on: 02/18/2018

Keller Williams ONEChicago

Last Buyer's Agent

Magdalena Mietus

M&J Real Estate Group License #471014845

Property Details

Home Type

  • Multi-Family

Year Built

  • 1968

Lot Details

  • 5,227

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Utilities

  • Window Unit Cooling System

Community Details

  • Fuel Expense $4,100
  • Insurance Expense $4,335

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1968

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Individual
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Oper Income: 29614
  • Outdoor Parking: 1-5 Spaces
  • Scavenger Expense: 600
  • Total Annual Exp: 18746
  • Total Annual Income: 48360
  • Total Monthly Income: 4000
  • Number of Ranges: 5
  • Number Of Refrigs: 5
  • Number Of Window A C: 10
  • Number Of Stories: 2
  • Estimated Year Built: 1968
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1968

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Acreage: 0.12
  • Construction: Brick

Garage/Parking

  • Indoor Parking: 1-5 Spaces
  • Number Of Parking Spaces: 4

Utilities

  • Air Conditioner: Window Unit/s
  • Heatventilation: Gas, Hot Water
  • Water Expense: 3500

Condo/Co-op/Association

  • Units in Building: 5

Fee Information

  • Electricity Expense: 461
  • Janitor Expense: 240

Lot Info

  • Lot Dimensions: 40X132
  • Lot Sq Ft: 5280
  • Parcel Identification Number: 12111030030000

Rental Info

  • Gross Rental Income: 48000
  • Tenant Pays: Electric

Multi Family

  • Fuel Expense: 4100
  • Insurance Expense: 4335
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 9624
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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 List to Sale Price per Sq Ft
03/28/2018 03/28/18 Sold $591,000 +0.3% --
02/28/2018 02/28/18 Pending -- -- --
02/18/2018 02/18/18 For Sale $589,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $13,081 $68,887 $13,200 $55,687
2024 $13,081 $68,887 $13,200 $55,687
2023 $12,752 $62,000 $10,560 $51,440
2022 $12,752 $62,000 $10,560 $51,440
2021 $12,468 $62,000 $10,560 $51,440
2020 $9,786 $43,927 $6,600 $37,327
2019 $10,029 $49,917 $6,600 $43,317
2018 $10,898 $55,170 $6,600 $48,570
2017 $10,741 $49,896 $5,808 $44,088
2016 $9,994 $49,896 $5,808 $44,088
2015 $9,625 $52,523 $5,808 $46,715
2014 $9,080 $48,938 $5,280 $43,658
2013 $8,901 $48,938 $5,280 $43,658
Source: Public Records

Agents Affiliated with this Home

  • Donna Mundzic

    Seller's Agent in 2018

    Donna Mundzic

    Keller Williams ONEChicago

    (847) 219-0891

    5 in this area

    127 Total Sales

    Donna Mundzic
    Section Image

  • M

    Buyer's Agent in 2018

    Magdalena Mietus

    M&J Real Estate Group

    (847) 529-9516

    3 in this area

    7 Total Sales

    Magdalena Mietus
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09860202

Midwest Real Estate Data (MRED)

APN: 12111030030000

Illinois Cook County Chicago 60656 O'Hare

8550 W Catalpa Ave, 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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