NOT LISTED FOR SALE
11 Beds
5 Baths
4,000 Sq Ft
2,528 Sq Ft Lot

Sale Details

Date Sold: December 16, 2022

Last sale price $510,000 $128 Per Sq Ft

25 Days on Market

About This Home

As of December 2022

Property Consists of Two Brick Buildings On One Lot with 5 Apts: 3 Apts In Front Bldg and 2 Apts In Rear Bldg: One 3 Bedrm and Four 2 Bedrm with One Bathroom in each Apt. Near Public Transportation, School, Shops and Churches. Ideal for Owner Occupied and/or Cashflow Investment. Seller is retiring: Come & Tour the Property and Make An Offer To Own This Income 5-Unit.

Last Agent to Sell the Property

Kam Liu

Century 21 Realty Associates License #471013822 Listed on: 08/22/2022

Century 21 Realty Associates

Last Buyer's Agent

Qizhong Guan

Century 21 S.G.R., Inc. License #475154447

Century 21 S.G.R., Inc.
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,335

Year Built

  • Built in 1902

Lot Details

  • 2,528 Sq Ft Lot
  • Lot Dimensions are 25x101

Parking

  • On-Street Parking

Home Design

  • Mixed Use
  • Brick Exterior Construction
  • Pitched Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,000 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 5 Bathrooms

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Radiator
  • Space Heater
  • Heating System Mounted To A Wall or Window
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat, hot water

Community Details

Overview

  • 5 Units

Building Details

  • Insurance Expense $4,505
  • Water Sewer Expense $1,504
  • Operating Expense $14,616
  • Gross Income $44,800
  • Net Operating Income $30,183

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,335

Year Built

Built in 1902

Lot Details

2,528 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1902
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Bedrooms: 11
  • Basement Description: Unfinished
  • Fire Protection: None
  • Fireplaces: 0
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 5
  • Ranges: 5
  • Number of Washers: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Roof: Composition
  • Exterior Building Type: Brick
  • Roof Structure: Pitched
  • Misc Outside: Other

Garage/Parking

  • Outdoor Parking: Parking-Street

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers, Service - 0 to 100 Amps
  • Utilities: Water-Municipal
  • Heat/Ventilation: Forced Air,Radiators,Wall Unit,Space Heaters

Condo/Co-op/Association

  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Association Fee Includes: None
  • Water Sewer Expenses: 1504

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.06
  • Lot Dimensions: 25X101
  • Lot Size Sq Ft: 2528
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks
  • Alternate Phone Number: (312) 225-0200

Green Features

  • Green Building Verification Type: Other

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
  • Board Number: 8
  • Tenancy Type: Leases,Month To Month,Owner Occupied,1 or More Vacant

Building Info

  • BuildingAreaTotal: 4000
  • Building Unit Info: No Units Furnished,Smoke/Alarm Detector

Multi Family

  • Net Operating Income: 30183
  • Insurance Expense: 4505
  • GrossIncome: 44800
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 14616
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 8335.29
  • Tax Year: 2020

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

Listed on
Aug 22, 2022
Closed on
Dec 13, 2022
Sold by
Bought by
Seller's Agent
Kam Liu
Century 21 Realty Associates
Buyer's Agent
Qizhong Guan
Century 21 S.G.R., Inc.
List Price
$589,000
Sold Price
$510,000
Premium/Discount to List
-$79,000
-13.41%
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Outstanding Balance
$273,076
Interest Rate
6.29%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$510,000 None Listed On Document
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
Open $380,000
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
12/16/2022 12/16/22 Sold $510,000 -13.4% $128 / Sq Ft
09/18/2022 09/18/22 Pending -- -- --
08/23/2022 08/23/22 For Sale $589,000 -- $147 / Sq Ft
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 $12,034 $63,000 $12,514 $50,486
2024 $12,034 $63,000 $12,514 $50,486
2023 $11,028 $57,039 $10,112 $46,927
2022 $11,028 $57,039 $10,112 $46,927
2021 $10,800 $57,038 $10,112 $46,926
2020 $8,335 $40,519 $8,089 $32,430
2019 $8,141 $46,575 $8,089 $38,486
2018 $7,494 $46,575 $8,089 $38,486
2017 $6,903 $35,441 $6,320 $29,121
2016 $6,598 $35,441 $6,320 $29,121
2015 $6,014 $35,441 $6,320 $29,121
2014 $5,736 $33,751 $5,056 $28,695
2013 $5,660 $33,751 $5,056 $28,695
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11611206

Midwest Real Estate Data (MRED)

APN: 17322120350000

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