$1,580,000
SOLD MAY 12, 2025
-- Bed
-- Bath
4,600 Sq Ft
2,415 Sq Ft Lot

Recently Sold

$343 Per Sq Ft

3% Below List Price

23 Days on Market

About This Home

As of May 2025

Turn-key 5-unit apartment building located in Chicago's highly desirable Little Italy neighborhood. Two buildings on a single lot - 2 units in front and 3 units in rear. This property underwent a full interior renovation in recent years and boasts bright, sun-filled units with generous floor plans. The buildings offer a well balanced unit mix of 5 bed, 3 bed, and 2 bedroom apartments. Located only blocks from UIC where enrollment grew in 2024 and continues to draw high quality and consistent tenants to the area. Vacancy is never a concern in this centrally located neighborhood with proximity to schools, downtown, restaurants and public transportation. New owner has the opportunity to leverage a turn key asset with rental upside in a booming location.

Last Agent to Sell the Property

Michael Scanlon

eXp Realty License #475188240 Listed on: 02/12/2025

eXp Realty

Co-Listed By

Jake Fugman

eXp Realty License #475181407

Last Buyer's Agent

Michael Scanlon

eXp Realty License #475188240 Listed on: 02/12/2025

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,162

Year Built

  • Built in 1925

Lot Details

  • 2,415 Sq Ft Lot
  • Lot Dimensions are 25x125

Home Design

  • Brick Exterior Construction
  • Pitched Roof

Interior Spaces

  • 4,600 Sq Ft Home
  • 2-Story Property

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 5 Units

Building Details

  • Insurance Expense $4,000
  • Maintenance Expense $3,000
  • Manager Expense $7,852
  • Trash Expense $1,588
  • Water Sewer Expense $2,821
  • Operating Expense $40,623
  • Gross Income $159,840
  • Net Operating Income $116,562

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,162

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1925
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 5
  • Dishwashers: 5
  • Refrigerators: 5
  • Ranges: 5
  • Number of Washers: 5
  • Room: 5
  • Room: 5
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Wood, Aluminum Siding
  • List Price: 1625000
  • Roof Structure: Pitched
  • Misc Outside: Courtyard

Utilities

  • Cooling: Central Air
  • Heat/Ventilation: Forced Air,Gas

Condo/Co-op/Association

  • Manager Expense: 7852
  • Unincorporated (Y/N): No

Fee Information

  • Trash Expense: 1588
  • Water Sewer Expenses: 2821
  • Janitor Expense: 1200

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X125
  • Lot Size Sq Ft: 2415
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 4600

Multi Family

  • Net Operating Income: 116562
  • Insurance Expense: 4000
  • GrossIncome: 159840
  • Maintenance Expense: 3000
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 40623
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 20162
  • Tax Year: 2023

Range of Values:

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List Price
Sold Price
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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
05/12/2025 05/12/25 Sold $1,580,000 -2.8% $343 / Sq Ft
03/08/2025 03/08/25 Pending -- -- --
02/12/2025 02/12/25 For Sale $1,625,000 -- $353 / Sq Ft
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: 12284509

Midwest Real Estate Data (MRED)

APN: 17174200280000