NOT LISTED FOR SALE
14 Beds
7 Baths
-- Sq Ft
5,663 Sq Ft Lot

Sale Details

Date Sold: June 6, 2019

Last sale price $960,000 $0 Per Sq Ft

11 Days on Market

About This Home

As of June 2019

Beautiful 7 unit brick building in Bridgeport. 1 3bd/1ba, 5 2bd/1ba, and 1 1bd/1ba, total 14 bedrooms and 7 baths. All apartments feature hardwood floors. Second story apartments all have central air conditioning. Central heating in all units. All apartments have their own large storage units in basement. Rents are well below market. Building is located in Chicago's Bridgeport neighborhood, nestled between Morgan Street and Halsted Street retail corridors which are both easily walkable from subject property. Morgan Street recently underwent a $3.5 million streetscape improvement that beautified the stretch between 31st St & 35 St. It included decorative pavers, street lights, bike racks, sidewalks and street paving. Morgan and Halsted have numerous cafes, restaurants, coffee shops and many retailers. Property has easy access to public transportation and I-55, I-90 expressways.

Last Agent to Sell the Property

Dalius Balciunas

Smothers Realty Group Listed on: 02/22/2019

Last Buyer's Agent

Michael Ramstedt

Art of Real Estate LLC License #471016470

Property Details

Home Type

  • Multi-Family

Year Built

  • 1909

Lot Details

  • 5,663

Home Design

  • Brick Exterior Construction

Utilities

  • Central Air

Community Details

  • Insurance Expense $3,382

Listing and Financial Details

  • Tenant pays for electric, heat
  • $5,000 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1909

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Oper Income: 62756
  • Scavenger Expense: 114
  • Total Annual Exp: 17388
  • Total Annual Income: 77905
  • Total Monthly Income: 6335
  • Number Of Stories: 2
  • Estimated Year Built: 1909
  • Type Multi Family: Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1909

Exterior Features

  • Exterior Building Type: Brick
  • Acreage: 0.13
  • Construction: Brick

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Air Conditioner: Central Air
  • Heatventilation: Central Bldg Heat
  • Water Expense: 2005

Condo/Co-op/Association

  • Units in Building: 7

Fee Information

  • Electricity Expense: 388

Lot Info

  • Lot Dimensions: 5960 SQ FT
  • Parcel Identification Number: 17322180380000

Rental Info

  • Gross Rental Income: 77905
  • Tenant Pays: Electric, Heat

Multi Family

  • Insurance Expense: 3382

Tax Info

  • Taxes: 9449

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

Closed on
Sep 21, 2022
Sold by
Bought by

Purchase Details

Listed on
Feb 22, 2019
Closed on
Jun 6, 2019
Sold by
Bought by
Seller's Agent
Dalius Balciunas
Smothers Realty Group
Buyer's Agent
Michael Ramstedt
Art of Real Estate LLC
List Price
$899,000
Sold Price
$960,000
Premium/Discount to List
$61,000
6.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$606,800
Interest Rate
0.042%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 22, 2019
Closed on
May 1, 2019
Sold by
Bought by
Seller's Agent
Dalius Balciunas
Smothers Realty Group
Buyer's Agent
Michael Ramstedt
Art of Real Estate LLC
List Price
$899,000
Sold Price
$960,000
Premium/Discount to List
$61,000
6.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$606,800
Interest Rate
0.042%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 2, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,000
Interest Rate
0.0575%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 19, 2010
Sold by
Bought by

Purchase Details

Closed on
Jun 17, 1999
Sold by
Bought by

Purchase Details

Closed on
Oct 6, 1993
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
$1,070,000 None Listed On Document
$960,000 Chicago Title
-- Attorney
$370,000 None Available
-- 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 $606,800
Previous Owner $259,000
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
06/06/2019 06/06/19 Sold $960,000 +6.8% --
03/05/2019 03/05/19 Pending -- -- --
02/22/2019 02/22/19 For Sale $899,000 -- --
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 $14,136 $96,717 $29,502 $67,215
2024 $14,136 $96,717 $29,502 $67,215
2023 $13,781 $67,000 $23,840 $43,160
2022 $13,781 $67,000 $23,840 $43,160
2021 $13,473 $67,000 $23,840 $43,160
2020 $12,672 $56,884 $19,072 $37,812
2019 $13,136 $65,384 $19,072 $46,312
2018 $12,916 $65,384 $19,072 $46,312
2017 $9,242 $42,931 $14,900 $28,031
2016 $8,599 $42,931 $14,900 $28,031
2015 $7,867 $42,931 $14,900 $28,031
2014 $7,201 $38,813 $11,920 $26,893
2013 $7,059 $38,813 $11,920 $26,893
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10280461

Midwest Real Estate Data (MRED)

APN: 17322180380000

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