Seller's Agent in 2025
Jason Marcordes
Landmark Property Management, Inc.
(312) 313-8553
1 in this area
26 Total Sales
9211 S Laflin St Chicago, IL 60620
Brainerd Neighborhood
--
Bed
--
Bath
--
Sq Ft
1931
Built
Highlights
- Skylights
- Laundry Room
- Forced Air Heating System
About This Home
As of February 2025Discover the perfect investment with this 15-unit brick property, currently bringing in 16,305/month in rents. This property features a desirable mix of two-bedroom, one-bedroom, and studio apartments, plus an adjacent parking lot for tenant use. Located on a desirable block, this property boasts spacious living spaces that cater to a wide range of tenants. Meticulously maintained, it demonstrates the owners' commitment to quality, with a gas forced air system for efficient heating and separate utilities to minimize landlord expenses. Situated in a safe, quiet area just 20 minutes from the loop, tenants enjoy proximity to amenities, including shopping, dining, parks, and public transport. Offering a mix of rehabbed, updated, and vintage units, this property presents a significant value-add opportunity through potential rent increases, further renovations, and additional income streams like paid parking. An exceptional chance for both seasoned investors and newcomers, this property promises stability and significant growth potential. May be purchased as a portfolio with 6221-6235 W Wabansia, Chicago, MLS#11984243.
Last Agent to Sell the Property
Landmark Property Management, Inc. License #471018434 Listed on: 03/04/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,682
Year Built
- Built in 1931
Lot Details
- Lot Dimensions are 90x125
- Property fronts an alley
- Additional Parcels
Parking
- 6 to 12 Parking Spaces
Home Design
- Garden Apartment
- Flat Roof Shape
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- 4-Story Property
- Skylights
- Laundry Room
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, heat
Community Details
Building Details
- Electric Expense $1,605
- Fuel Expense $4,156
- Insurance Expense $5,477
- Maintenance Expense $17,682
- Manager Expense $14,650
- Other Expense $6,824
- Trash Expense $3,473
- Water Sewer Expense $4,271
- Operating Expense $77,283
- Gross Income $195,660
- Net Operating Income $88,694
Additional Features
- 15 Units
- Workshop Area
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/14/2025 02/14/25 | Sold | $1,225,000 | 0.0% | -- |
| 10/01/2024 10/01/24 | Pending | -- | -- | -- |
| 09/30/2024 09/30/24 | Off Market | $1,225,000 | -- | -- |
| 07/30/2024 07/30/24 | For Sale | $1,299,000 | 0.0% | -- |
| 07/15/2024 07/15/24 | Pending | -- | -- | -- |
| 06/28/2024 06/28/24 | Price Changed | $1,299,000 | -8.8% | -- |
| 03/04/2024 03/04/24 | For Sale | $1,425,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Jason Marcordes
-
Eric Hu
E
Buyer's Agent in 2025
Eric Hu
Kale Realty
1 in this area
10 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11987588
APN: 25053100050000
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