Seller's Agent in 2025
Giancarlo Iannotta
MO2 Brokerage LLC
(773) 661-2772
2 in this area
24 Total Sales
919 S Loomis St Chicago, IL 60607
Little Italy Neighborhood
--
Bed
--
Bath
--
Sq Ft
5,009
Sq Ft Lot
Highlights
- Corner Lot
- Forced Air Heating System
- 1-minute walk to Taylor ST Farms
About This Home
As of April 2025919-927 S Loomis St, 15-unit Trophy Asset located in one of Chicago's most historic neighborhoods, Little Italy. 9.94 GRM / 7.12 CAP. Value-add opportunity with below average rents for 10 residential units comprised of (8) 2 bed/1 bath and (2) 3 bed/1 bath. Coin laundry in basement. Additionally, 5 ground level retail with high 12 ft ceilings, central a/c, duplex down storage rooms and bathrooms. Roof tear off, new sewers, and new deck over the past decade. Short walk to the Pink and Blue Line trains and many boutiques, restaurants and nightlife on Taylor Street. The location is attractive to tenants because of the close proximity to Chicago's trendiest areas, walking distance to UIC with over 30,000 students enrolled, Illinois Medical District and Pilsen neighborhoods. This building represents a unique opportunity to acquire solid real estate in a prime location with a good unit mix in an area that has constant rental demand and very few transactions. Offering Memorandum and Floor Plans under "Additional Documents" and check out the exclusive Drone video. Successful 2024 Tax Appeal from 256,900 proposed assessed value to revised 228,300 (18,000 savings).
Last Agent to Sell the Property
MO2 Brokerage LLC License #475195344 Listed on: 11/19/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $32,526
Year Built
- Built in 1889
Lot Details
- Lot Dimensions are 50x150
- Corner Lot
Home Design
- Flat Roof Shape
- Brick Exterior Construction
Interior Spaces
- 3-Story Property
Utilities
- Forced Air Heating System
- 200+ Amp Service
Listing and Financial Details
- Tenant pays for electricity, heat
Community Details
Overview
- 15 Units
Building Details
- Electric Expense $1,998
- Fuel Expense $1,748
- Insurance Expense $11,168
- Maintenance Expense $15,100
- Other Expense $1,190
- Trash Expense $3,154
- Water Sewer Expense $5,853
- Operating Expense $87,857
- Gross Income $301,200
- Net Operating Income $213,343
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 20, 2021
Sold by
Pistilli Rose Mary and The Rose Mary Pistilli Trust
Bought by
919 927 South Loomis Stereet Llc
Current Estimated Value
Purchase Details
Closed on
Jul 1, 2013
Sold by
Chicago Title Land Trust Company
Bought by
919 & 927 South Loomis Street Llc
Purchase Details
Closed on
May 18, 2007
Sold by
Robert L Pistilli Trust
Bought by
Chicago Title Land Trust Co and Trust #8002348063
Purchase Details
Closed on
Jan 10, 1997
Sold by
Pistilli Robert L and Pistilli Rose Mary
Bought by
Pistilli Robert L and Pistilli Rose Mary
Purchase Details
Closed on
Oct 28, 1996
Sold by
Mid Town Bank & Trust Company Of Chicago
Bought by
Pistilli Robert L and Pistilli Rose Mary
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
8.26%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Available | |
| Deed | -- | Chicago Title Land Trust Co | |
| Warranty Deed | -- | Cti | |
| Interfamily Deed Transfer | -- | -- | |
| Trustee Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $475,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/18/2025 04/18/25 | Sold | $2,950,000 | -1.5% | -- |
| 12/26/2024 12/26/24 | Pending | -- | -- | -- |
| 11/20/2024 11/20/24 | Price Changed | $2,995,000 | -0.2% | -- |
| 11/19/2024 11/19/24 | For Sale | $2,999,500 | -- | -- |
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 | $32,527 | $195,395 | $28,000 | $167,395 |
| 2024 | $32,527 | $195,395 | $28,000 | $167,395 |
| 2023 | $31,708 | $153,636 | $17,000 | $136,636 |
| 2022 | $31,708 | $153,636 | $17,000 | $136,636 |
| 2021 | $30,996 | $153,636 | $17,000 | $136,636 |
| 2020 | $28,129 | $125,851 | $17,000 | $108,851 |
| 2019 | $25,369 | $125,851 | $17,000 | $108,851 |
| 2018 | $24,940 | $125,851 | $17,000 | $108,851 |
| 2017 | $23,605 | $109,275 | $17,000 | $92,275 |
| 2016 | $21,887 | $109,275 | $17,000 | $92,275 |
| 2015 | $20,024 | $109,275 | $17,000 | $92,275 |
| 2014 | $18,680 | $100,682 | $17,000 | $83,682 |
| 2013 | $18,312 | $100,682 | $17,000 | $83,682 |
Source: Public Records
Agents Affiliated with this Home
-
Giancarlo Iannotta
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12212892
APN: 17-17-322-010-0000
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