George Ayling
Select a Fee RE System
(708) 859-7153
202 Total Sales
1 in South Chicago
$75,000 Price
8956 S Escanaba Ave Chicago, IL 60617
South Chicago Neighborhood
17
Beds
11
Baths
--
Sq Ft
1964
Built
About This Home
As of March 2019$55k PRICE REDUCTION. Offered at a 13.69% CAP rate. The asset presents an opportunity for an investor who is looking for a stabilized asset consisting of (6) 2 Bedrooms 1 Bath & (5) 1 Bedroom 1 Bath. This mid-1960's building comes fully rehabbed within the last year. There is upside potential with increasing rents and additional untapped income available through parking and adding washer and dryers. Each unit has separate electric. The exterior was tuckpointed and lentils were replaced approximately two years ago. The roof was silver coated within the last year. The property is fully equipped with an HD security system. The building is walking distance to the South Shore train line and the stop is 87th. This property and 2748 E. 83rd St. can be purchased as a package deal; both in South Chicago. An investor could own a total of 19 units within a five minute drive of each building.
Last Agent to Sell the Property
Triton Realty Group LLC License #475177887 Listed on: 10/25/2018
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,438
Year Built
- Built in 1964
Parking
- 6 to 12 Parking Spaces
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 17 Bedrooms
- 11 Bathrooms
Utilities
- Cooling System Mounted In Outer Wall Opening
- Window Unit Cooling System
- Central Heating
- Heating System Uses Gas
Additional Features
- 3-Story Property
- Lot Dimensions are 30 x 125
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 11 Units
Building Details
- Electric Expense $2,112
- Insurance Expense $3,000
- Maintenance Expense $600
- Other Expense $1,200
- Trash Expense $600
- Water Sewer Expense $1,335
- Operating Expense $29,985
- Gross Income $91,620
- Net Operating Income $61,634
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Chicago, IL
-
George Ayling
-
Jennifer Valentino
Jennifer Valentino
Better Homes & Gardens Real Estate
(224) 571-9264
35 Total Sales
1 in South Chicago
$200,000 Price
-
Kara Moll
Kara Moll
Keller Williams ONEChicago
(708) 401-6516
143 Total Sales
1 in South Chicago
$205,000 Price
-
Angela Walker
Angela Walker
Angela Walker Homes Real Estate Group
(708) 300-9563
151 Total Sales
1 in South Chicago
$215,000 Price
-
Maikol Akintonde
Maikol Akintonde
Coldwell Banker Realty
(855) 287-8462
72 Total Sales
1 in South Chicago
$144,000 Price
-
Bill Eliopoulos
Bill Eliopoulos
Cosmos Realty Investors, Inc.
(877) 845-2014
54 Total Sales
5 in South Chicago
$45K - $435K Price Range
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 |
|---|---|---|---|
| $695,000 | -- | ||
| Escanaba Apartments Llc | $350,000 | Chicago Title | |
| Escanaba Manor Llc | -- | Presision Title | |
| Malicad Michael K | $100,000 | Chicago Title Insurance Co | |
| Stewart James Benjamin | $200,000 | None Available | |
| Snell Jean Hermione | -- | None Available | |
| Jean Hermione Snell Trust 2007 | -- | None Available | |
| Jean Hermione Snell 2007 Declaration Of | -- | None Available | |
| Snell Jean Hermione | -- | None Available |
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 |
|---|---|---|---|
| Previous Owner | $262,500 |
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 |
|---|---|---|---|---|---|
| 03/11/2019 03/11/19 | Sold | $350,000 | -6.7% | -- | |
| 12/28/2018 12/28/18 | Pending | -- | -- | -- | |
| 12/03/2018 12/03/18 | Price Changed | $375,000 | -6.2% | -- | |
| 11/08/2018 11/08/18 | Price Changed | $399,999 | -7.0% | -- | |
| 10/25/2018 10/25/18 | For Sale | $429,999 | 0.0% | -- | |
| 05/18/2018 05/18/18 | Rented | $650 | 0.0% | -- | |
| 04/12/2018 04/12/18 | For Rent | $650 | 0.0% | -- | |
| 04/10/2018 04/10/18 | Rented | $650 | 0.0% | -- | |
| 04/07/2018 04/07/18 | Price Changed | $650 | -13.3% | $1 / Sq Ft | |
| 01/29/2018 01/29/18 | For Rent | $750 | 0.0% | -- | |
| 02/19/2016 02/19/16 | Sold | $105,000 | -25.0% | -- | View Prior Sale |
| 01/08/2016 01/08/16 | Pending | -- | -- | -- | |
| 08/06/2015 08/06/15 | For Sale | $140,000 | -- | -- |
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 | $11,321 | $56,200 | $9,556 | $46,644 |
| 2024 | $8,042 | $56,200 | $9,556 | $46,644 |
| 2023 | $7,844 | $38,025 | $4,205 | $33,820 |
| 2022 | $7,844 | $38,025 | $4,205 | $33,820 |
| 2021 | $7,668 | $38,024 | $4,204 | $33,820 |
| 2020 | $13,030 | $58,347 | $4,204 | $54,143 |
| 2019 | $11,753 | $58,347 | $4,204 | $54,143 |
| 2018 | $8,863 | $44,757 | $4,204 | $40,553 |
| 2017 | $2,157 | $10,000 | $3,440 | $6,560 |
| 2016 | $11,438 | $56,974 | $3,440 | $53,534 |
| 2015 | $10,466 | $56,974 | $3,440 | $53,534 |
| 2014 | $10,597 | $56,974 | $3,440 | $53,534 |
| 2013 | $10,386 | $56,974 | $3,440 | $53,534 |
Source: Public Records
Agents Affiliated with this Home
-
Harrison Cohen
Seller's Agent in 2019
Harrison Cohen
Triton Realty Group LLC
19 Total Sales
-
Pratap Chudasama
Buyer's Agent in 2019
Pratap Chudasama
Provident Realty, Inc.
(224) 707-0747
9 Total Sales
-
SW
Seller's Agent in 2018
Sparkle Wilson
TMT Realty and Management Services LLC
-
Maurice Hampton
Seller's Agent in 2016
Maurice Hampton
Centered International Realty
(312) 576-4485
19 Total Sales
-
Brande Guilmette-Hampton
Seller Co-Listing Agent in 2016
Brande Guilmette-Hampton
Centered International Realty
(312) 806-3026
2 in this area
79 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10121287
APN: 26062140460000
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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