NOT LISTED FOR SALE
10 Beds
5 Baths
-- Sq Ft
1885 Built

Last Sold February 05, 2016

Last sale price $830,000

22 Days on Market

About This Home

As of February 2016

Location! Location! Little Italy/Tri-Taylor right near University Village! Great investment opportunity! This All Brick 5 unit building can be utilized as an investment in so many ways! Keep it as an income producing 5 unit. With three 5-room 2 bed/1ba and 2 four room 2bd/1ba, all with individually controlled heat and hot water, there is never a vacancy! OR, convert one building to a single family for yourself, and keep the other as income. OR, convert to condos as a great project. So many opportunities! Owner's unit has 5 skylights, vaulted ceiling, curved wall, french doors, room for dining table, extra large white kitchen w dishwasher, hardwood floors, closet organizers. A great unit. All units are in good condition. Common Laundry. Newer Windows thru-out, dry basements,newer copper. Great Rents! Never a vacancy. Great owners unit. Don't miss this super opportunity in this great UIC area of booming commercial.

Last Agent to Sell the Property

Connie Abels

RE/MAX Premier License #471003976 Listed on: 10/02/2015

RE/MAX Premier

Last Buyer's Agent

Jenny Luu

Real Value Realty Company License #471005088

Property Details

Home Type

  • Multi-Family

Year Built

  • 1885

Home Design

  • Brick Exterior Construction

Community Details

  • Fuel Expense $600
  • Insurance Expense $4,146

Listing and Financial Details

  • Tenant pays for electric, heat, hot water

Property Details

Home Type

Multi-Family

Year Built

1885

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Potential Use: Condominium, Residential-Multi-Family, Residential-Single Family
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2014
  • Net Oper Income: 84000
  • Total Annual Income: 84000
  • Total Monthly Income: 7000
  • Number of Ranges: 5
  • Number Of Refrigs: 5
  • Number Of Stories: 3
  • Estimated Year Built: 1885
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1885

Exterior Features

  • Exterior Building Type: Brick
  • Construction: Brick

Utilities

  • Heatventilation: Central Heat/Indiv Controls, Forced Air
  • Water Expense: 1200

Condo/Co-op/Association

  • Units in Building: 5

Fee Information

  • Electricity Expense: 600
  • Electrical Service: Circuit Breakers

Lot Info

  • Lot Dimensions: 25'X99'
  • Lot Sq Ft: 2400
  • Parcel Identification Number: 17174200290000

Rental Info

  • Gross Rental Income: 84000
  • Tenant Pays: Electric, Heat, Hot Water

Multi Family

  • Fuel Expense: 600
  • Insurance Expense: 4146
  • Number Of Dishwashers: 1
  • Number Of Dryers: 2
  • Number Of Washers: 2

Tax Info

  • Taxes: 11595

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
02/05/2016 02/05/16 Sold $830,000 +0.6% --
10/24/2015 10/24/15 Pending -- -- --
10/02/2015 10/02/15 For Sale $825,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $19,066 $95,162 $13,440 $81,722
2024 $19,066 $107,000 $13,440 $93,560
2023 $20,050 $90,057 $10,800 $79,257
2022 $20,050 $97,149 $10,800 $86,349
2021 $22,596 $112,000 $10,800 $101,200
2020 $11,855 $53,039 $8,160 $44,879
2019 $12,013 $59,595 $8,160 $51,435
2018 $11,810 $59,595 $8,160 $51,435
2017 $11,663 $53,994 $7,200 $46,794
2016 $12,163 $60,728 $7,200 $53,528
2015 $11,128 $60,728 $7,200 $53,528
2014 $11,595 $62,493 $6,000 $56,493
2013 $11,366 $62,493 $6,000 $56,493
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09053849

Midwest Real Estate Data (MRED)

APN: 17174200290000