NOT LISTED FOR SALE
6 Beds
3 Baths
2,268 Sq Ft
1885 Built

Sale Details

Date Sold: May 26, 2023

Last sale price $480,000 $212 Per Sq Ft

40 Days on Market

About This Home

As of May 2023

Don't miss out on this well maintained Brick, Legal 3 flat building with immediate cash flow. Each unit features 2 bedrooms, 1 bath, spacious kitchen, living room, an enclosed porch and private balcony. Exterior features a beautiful front yard and a 2 car parking slab in the rear for additional income. Recent updates includes: 1st flr unit Kitchen, bath and flooring, new fence in the rear, spot tuck pointed, 2 new motors for furnaces, drain piper behind kitchen wall replaced from top to bottom. Individual gas-forced air furnaces units, individual A/C, and newer appliances. Newer front and rear porches. Full walk-in attic perfect for storage or converting the third floor into a duplex-up unit. Tenant pays utilities. Oversized 25x150 lot. Great location for IIT, UIC students and Loop commuters. Owner has never had a problem getting high quality tenants. This property is ideal for live in-owner or investor looking for a turnkey property with immediate cash-flow.

Last Agent to Sell the Property

Johnny Phan

Baird & Warner License #475167191 Listed on: 03/15/2023

Baird & Warner

Last Buyer's Agent

Wing Ho

Chi Real Estate Group LLC License #471017833

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,771

Year Built

  • Built in 1885 | Remodeled in 2021

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Lot Details

  • Lot Dimensions are 25x150

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $3,442
  • Water Sewer Expense $1,200
  • Gross Income $30,000
  • Net Operating Income $25,358

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,771

Year Built

Built in 1885 | Remodeled in 2021

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1885
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2021
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2021

Interior Features

  • Basement: None
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • ParkingTotal: 2
  • Number of Cars: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Fee Information

  • Water Sewer Expenses: 1200

Lot Info

  • Lot Dimensions: 25X150
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 25358
  • Insurance Expense: 3442
  • GrossIncome: 30000
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 6770.67
  • Tax Year: 2021
  • Tax Exemptions: Homeowner
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 Prior Sale
05/26/2023 05/26/23 Sold $480,000 -1.0% $212 / Sq Ft
04/25/2023 04/25/23 Pending -- -- --
03/31/2023 03/31/23 Price Changed $485,000 -2.0% $214 / Sq Ft
03/15/2023 03/15/23 For Sale $495,000 +26.9% $218 / Sq Ft
10/20/2016 10/20/16 Sold $390,000 +2.9% $172 / Sq Ft View Prior Sale
09/01/2016 09/01/16 Pending -- -- --
08/28/2016 08/28/16 Price Changed $379,000 -5.0% $167 / Sq Ft
07/22/2016 07/22/16 For Sale $399,000 -- $176 / Sq Ft
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 $7,107 $45,001 $18,068 $26,933
2024 $7,107 $45,001 $18,068 $26,933
2023 $6,907 $37,000 $14,600 $22,400
2022 $6,907 $37,000 $14,600 $22,400
2021 $6,771 $37,000 $14,600 $22,400
2020 $5,137 $26,161 $11,680 $14,481
2019 $5,353 $30,071 $11,680 $18,391
2018 $5,261 $30,071 $11,680 $18,391
2017 $5,890 $27,360 $9,125 $18,235
2016 $5,480 $27,360 $9,125 $18,235
2015 $5,014 $27,360 $9,125 $18,235
2014 $4,035 $21,747 $7,300 $14,447
2013 $3,955 $21,747 $7,300 $14,447
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11738157

Midwest Real Estate Data (MRED)

APN: 17322260170000

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