NOT LISTED FOR SALE
10 Beds
3 Baths
-- Sq Ft
1905 Built

Last Sold September 30, 2022

Last sale price $450,000

35 Days on Market

Highlights

  • Greystone Architecture
  • 2 Car Detached Garage
  • Laundry Room
  • Fenced Yard
  • Living Room
  • Forced Air Heating System

About This Home

As of September 2022

Serious cash flow in Humboldt Park! Cap rate is around 8%. Multi-unit building always fully occupied and flowing cash. Beautiful Greystone and neighboring lot on a great street. Units 1 and 2 feature Hardwood flooring and updated appliances. Great opportunity to own a cash-flowing building and vacant lot.

Last Agent to Sell the Property

Al Schwartz

Fulton Grace Realty License #475169644 Listed on: 06/07/2022

Fulton Grace Realty

Last Buyer's Agent

Evelyn Fred

Baird & Warner License #475134289

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,015

Year Built

  • Built in 1905

Lot Details

  • Lot Dimensions are 125 x 50
  • Fenced Yard

Parking

  • 2 Car Detached Garage
  • Off Alley Parking
  • Parking Included in Price
  • Unassigned Parking

Home Design

  • Greystone Architecture
  • Masonite

Interior Spaces

  • Family Room
  • Living Room
  • Dining Room
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Potential Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating System
  • Lake Michigan Water

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $2,783
  • Professional Management Expense $1,200
  • Water Sewer Expense $1,164
  • Gross Income $47,040
  • Net Operating Income $37,878

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,015

Year Built

Built in 1905

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Greystone
  • New Construction: No
  • Professional Management Expense: 1200
  • Year Built: 1905
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 0000
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 10
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors

Exterior Features

  • List Price: 474999
  • Lot Features: Fenced Yard
  • Waterfront: No
  • Exterior Building Type: Masonite

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Unassigned, Off Alley
  • ParkingTotal: 6
  • Number of Cars: 8
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Water Source: Lake Michigan

Fee Information

  • Water Sewer Expenses: 1164

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 125 X 50
  • Zoning: MULTI
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 37878
  • Insurance Expense: 2783
  • GrossIncome: 47040
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 4014.53
  • Tax Year: 2020
  • Tax Exemptions: None

Range of Values:

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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
09/30/2022 09/30/22 Sold $450,000 -5.3% --
07/13/2022 07/13/22 Pending -- -- --
06/07/2022 06/07/22 For Sale $474,999 +46.6% --
01/06/2017 01/06/17 Sold $324,000 -4.7% --
10/26/2016 10/26/16 Pending -- -- --
10/05/2016 10/05/16 For Sale $339,900 -- --
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: 11427296

Midwest Real Estate Data (MRED)