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

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
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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
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

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

Agents Affiliated with this Home

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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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