NOT LISTED FOR SALE
12 Beds
9 Baths
-- Sq Ft
1925 Built

Last Sold March 01, 2020

Last sale price $325,000

248 Days on Market

About This Home

As of March 2020

A Perfect investment on a quiet street in the Chatham community. Renovations taking place now! Good cash flow that will increase! This stunning nine unit multi family building is well maintained. Conveniently across the street from Metra, easy access to downtown Chicago on a beautifully landscaped park like street! This property is walking distance to Chicago State University and to the 87th and Cottage Grove shopping district. Tenants are walking distance to Banking, Nike Outlet, restaurants and more. Tenants pay their own cooking gas and electricity. 6 parking spaces. A Great source of additional income! This multi family is perfect for your special touches to create an income generator for years to come. Contact for current occupancy and financials. Continuous upgrades and improved professional tenant selection adds value to this quiet street with easy access to Metra, CTA and Advocate Health. Let's make a deal. Qualified buyers only!

Last Agent to Sell the Property

Lauren Lowery

Finders Plus Real Estate License #471004471 Listed on: 05/27/2019

Last Buyer's Agent

David Arquilla

David L Arquilla License #471006918

Property Details

Home Type

  • Multi-Family

Year Built

  • 1925

Home Design

  • Brick Exterior Construction
  • Brick Foundation

Additional Features

  • Unfinished Basement

Community Details

  • Fuel Expense $11,169
  • Insurance Expense $2,232

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1925

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Potential Use: Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2016
  • Net Oper Income: 20000
  • Outdoor Parking: 6-12 Spaces
  • Repairs Decor Expense: 5000
  • Roof Coverings: Tar and Gravel
  • Roof Structure: Flat
  • Scavenger Expense: 1440
  • Total Annual Exp: 50000
  • Total Annual Income: 40000
  • Total Monthly Income: 7500
  • Leased Washer Dryer: Yes
  • Number Of Stories: 3
  • Estimated Year Built: 1925
  • Type Multi Family: Corridor-Exterior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1925

Interior Features

  • Basement: Unfinished

Exterior Features

  • Foundation: Brick
  • Exterior Building Type: Brick
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Heatventilation: Central Bldg Heat
  • Water Expense: 864

Condo/Co-op/Association

  • Units in Building: 9

Fee Information

  • Electricity Expense: 1800
  • Electrical Service: Circuit Breakers

Lot Info

  • Lot Dimensions: 44 X 150
  • Lot Sq Ft: 6600
  • Land Amenities: Curbs and Gutters, Lighting/Exterior, Sidewalks
  • Parcel Identification Number: 25021120190000

Rental Info

  • Gross Rental Income: 90000
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2017
  • Fuel Expense: 11169
  • Insurance Expense: 2232
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 6964

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
03/01/2020 03/01/20 Sold $325,000 -9.4% --
01/30/2020 01/30/20 Pending -- -- --
01/01/2020 01/01/20 Price Changed $358,900 -0.1% --
12/11/2019 12/11/19 Price Changed $359,400 0.0% --
11/01/2019 11/01/19 Price Changed $359,500 -0.1% --
10/09/2019 10/09/19 Price Changed $359,900 -9.8% --
09/05/2019 09/05/19 Price Changed $398,900 0.0% --
08/12/2019 08/12/19 Price Changed $399,000 -0.1% --
08/01/2019 08/01/19 Price Changed $399,500 -0.1% --
07/08/2019 07/08/19 Price Changed $399,800 0.0% --
05/27/2019 05/27/19 For Sale $399,900 -- --
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: MRD10393764

Midwest Real Estate Data (MRED)