NOT LISTED FOR SALE
9 Beds
3 Baths
-- Sq Ft
1882 Built

Sale Details

Date Sold: October 8, 2024

Last sale price $280,000

4 Days on Market

Highlights

  • Paved or Partially Paved Lot
  • 3-minute walk to South Chicago (93Rd Street) Station
  • 5-minute walk to South Chicago Peoples Park

About This Home

As of October 2024

Turnkey cash flowing 3 flat with solid rents and low expenses! The top floor unit has been fully renovated with all new flooring, cabinets, granite countertops, stainless steel appliances, dishwasher, washer/dryer, and more. This reno has proved a huge upside (38% increase in rent over lowest current rent) and will allow a new owner to add value and increase rents for the remaining two units. Units are individually metered & heated with tenants paying their own gas (heat and cooking) & electric to keep expenses very low. All new siding and new rear porches were also recently installed. Building is professionally managed by Landmark Property Management. Cash or Conventional Offers considered, No FHA.

Last Agent to Sell the Property

Jason Marcordes

Landmark Property Management, Inc. License #471018434 Listed on: 07/15/2024

Last Buyer's Agent

Jose Salinas

You Properties LLC License #475189300

You Properties LLC
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,586

Year Built

  • Built in 1882 | Remodeled in 2023

Home Design

  • Frame Construction
  • Asphalt Roof

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking

Lot Details

  • Paved or Partially Paved Lot

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,586

Year Built

Built in 1882 | Remodeled in 2023

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1882
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2023
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2023

Interior Features

  • Basement: None
  • Total Bathrooms: 3
  • Total Bedrooms: 9
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Range Hood

Exterior Features

  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Parking Features: Off Street
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Lot Info

  • Lot Dimensions: 3250
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 1586.25
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

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
Jul 15, 2024
Closed on
Oct 8, 2024
Sold by
Bought by
Seller's Agent
Jason Marcordes
Landmark Property Management, Inc.
Buyer's Agent
Jose Salinas
You Properties LLC
List Price
$279,000
Sold Price
$280,000
Premium/Discount to List
$1,000
0.36%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Outstanding Balance
$254,741
Interest Rate
6.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2021
Sold by
Bought by

Purchase Details

Closed on
Nov 15, 2005
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
$172,000
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 7, 2000
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
$50,850
Interest Rate
8.14%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$280,000 Old Republic Title
$150,000 Fidelity National Title
$140,000 Chicago Title Insurance Comp
-- Ticor Title Insurance
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 $266,000
Previous Owner $172,000
Previous Owner $50,850
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
10/08/2024 10/08/24 Sold $280,000 +0.4% --
07/21/2024 07/21/24 Pending -- -- --
07/16/2024 07/16/24 For Sale $279,000 -- --
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 $1,586 $10,272 $2,438 $7,834
2024 $1,586 $10,272 $2,438 $7,834
2023 $1,547 $7,500 $3,250 $4,250
2022 $1,547 $7,500 $3,250 $4,250
2021 $841 $7,500 $3,250 $4,250
2020 $1,678 $10,616 $2,112 $8,504
2019 $1,767 $12,203 $2,112 $10,091
2018 $1,736 $12,203 $2,112 $10,091
2017 $2,154 $13,361 $1,950 $11,411
2016 $2,181 $13,361 $1,950 $11,411
2015 $1,973 $13,361 $1,950 $11,411
2014 $1,662 $11,505 $1,625 $9,880
2013 $1,618 $11,505 $1,625 $9,880
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12112017

Midwest Real Estate Data (MRED)
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