Jertheus Butts
Coldwell Banker Realty
(833) 569-4890
50 Total Sales
2 in Brainerd
$365K - $380K Price Range
9211 S Laflin St Chicago, IL 60620
Brainerd Neighborhood
--
Beds
--
Baths
--
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
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,682
Year Built
- Built in 1931
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
- Fire Suppression System
- Laundry Room
Lot Details
- Lot Dimensions are 90x125
- Property fronts an alley
- Additional Parcels
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
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
Mar 4, 2024
Closed on
Feb 14, 2025
Sold by
Bought by
Seller's Agent
Jason Marcordes
Landmark Property Management, Inc.
Buyer's Agent
Eric Hu
Kale Realty
List Price
$1,299,000
Sold Price
$1,225,000
Premium/Discount to List
-$74,000
-5.7%
Views
89
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Outstanding Balance
$751,270
Interest Rate
7.03%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 18, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$461,250
Interest Rate
3.09%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 26, 1995
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Brainerd, IL
-
Jertheus Butts
-
Shanara Carter
Shanara Carter
eXp Realty
(877) 850-0972
112 Total Sales
1 in Brainerd
$325,000 Price
-
Jennifer Upshaw
Jennifer Upshaw
L. Upshaw Realty
(224) 287-9910
52 Total Sales
1 in Brainerd
$147,000 Price
-
Lonzetta McKennie
Lonzetta McKennie
@properties Christie's International Real Estate
(331) 241-6916
33 Total Sales
1 in Brainerd
$125,000 Price
-
Darren Allen
Darren Allen
Real Broker LLC
(224) 507-1815
292 Total Sales
1 in Brainerd
$215,000 Price
-
Dana Bulliner
Dana Bulliner
Baird & Warner
(844) 998-4929
57 Total Sales
1 in Brainerd
$275,000 Price
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 |
|---|---|---|---|
| $1,225,000 | Chicago Title | ||
| $600,000 | Old Republic National Title | ||
| -- | -- |
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 | $980,000 | ||
| Previous Owner | $461,250 |
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 |
|---|---|---|---|---|
| 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
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 | $15,080 | $77,001 | $5,938 | $71,063 |
| 2024 | $15,080 | $77,001 | $5,938 | $71,063 |
| 2023 | $14,709 | $71,301 | $5,625 | $65,676 |
| 2022 | $14,709 | $71,301 | $5,625 | $65,676 |
| 2021 | $14,379 | $71,301 | $5,625 | $65,676 |
| 2020 | $14,984 | $67,097 | $5,625 | $61,472 |
| 2019 | $13,516 | $67,097 | $5,625 | $61,472 |
| 2018 | $13,287 | $67,097 | $5,625 | $61,472 |
| 2017 | $13,762 | $63,788 | $5,156 | $58,632 |
| 2016 | $12,806 | $63,788 | $5,156 | $58,632 |
| 2015 | $11,718 | $63,788 | $5,156 | $58,632 |
| 2014 | $8,914 | $47,926 | $3,593 | $44,333 |
| 2013 | $8,737 | $47,926 | $3,593 | $44,333 |
Source: Public Records
Agents Affiliated with this Home
-
Jason Marcordes
Seller's Agent in 2025
Jason Marcordes
Landmark Property Management, Inc.
(312) 313-8553
1 in this area
25 Total Sales
-
Eric Hu
EH
Buyer's Agent in 2025
Eric Hu
Kale Realty
1 in this area
12 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11987588
APN: 25053100050000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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