NOT LISTED FOR SALE
15 Beds
12 Baths
-- Sq Ft
1925 Built

Last Sold November 08, 2019

Last sale price $462,500

62 Days on Market

About This Home

As of November 2019

**FULLY OCCUPIED** 47% CASH ON CASH ROI!! Great Investment opportunity on this well maintained 12 unit building in heart of Greater Grand Crossing Neighborhood. Recently updated mechanicals include 12 new furnaces and new 100 gallon hot water tank. Heat & electricity is paid by tenants. New back doors on most units. Several of the units have been updated within the past months. Porch in back was replaced in 2013. Bring your investors for a turn key deal!

Last Agent to Sell the Property

Jimish Desai

Exit Strategy Realty License #475152569 Listed on: 07/16/2019

Exit Strategy Realty

Last Buyer's Agent

Kiran Adimulam

Charles Rutenberg Realty of IL License #475167149

Charles Rutenberg Realty of IL

Property Details

Home Type

  • Multi-Family

Year Built

  • 1925

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Community Details

  • Fuel Expense $1,200
  • Insurance Expense $4,200

Listing and Financial Details

  • Tenant pays for electric, heat
  • $12,500 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1925

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Ownership Type: Limited Liability Corp
  • Utilities To Site: Water-Municipal
  • Zoning Type: COMMR
  • Estimated Age: Older
  • Net Oper Income: 68085
  • Repairs Decor Expense: 4560
  • Roof Structure: Flat
  • Scavenger Expense: 1200
  • Total Annual Exp: 34611
  • Total Annual Income: 102696
  • Total Monthly Income: 8558
  • Number Of Refrigs: 12
  • Number Of Stories: 3
  • Estimated Year Built: 1925
  • Type Multi Family: Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1925

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick
  • Frontage Access: City Street

Utilities

  • Heatventilation: Central Heat/Indiv Controls
  • Water Expense: 650

Condo/Co-op/Association

  • Units in Building: 12
  • Assessment Includes: Water, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Fee Information

  • Electricity Expense: 600
  • Electrical Service: Fuses
  • Janitor Expense: 2500

Lot Info

  • Lot Dimensions: 37 X 125
  • Lot Sq Ft: 4620
  • Parcel Identification Number: 20351030190000

Rental Info

  • Gross Rental Income: 102696
  • Tenant Pays: Electric, Heat

Multi Family

  • Expense Year: 2017
  • Fuel Expense: 1200
  • Gross Rent Multiplier: 10
  • Insurance Expense: 4200

Tax Info

  • Taxes: 11644.2
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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 Prior Sale
11/08/2019 11/08/19 Sold $462,500 -7.5% --
09/16/2019 09/16/19 Pending -- -- --
07/16/2019 07/16/19 For Sale $499,900 +33.3% --
12/21/2017 12/21/17 Sold $375,000 -6.0% -- View Prior Sale
08/12/2017 08/12/17 Pending -- -- --
06/02/2017 06/02/17 For Sale $399,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $10,978 $75,200 $7,226 $67,974
2024 $10,978 $75,200 $7,226 $67,974
2023 $10,702 $52,035 $4,196 $47,839
2022 $10,702 $52,035 $4,196 $47,839
2021 $10,463 $52,033 $4,195 $47,838
2020 $10,025 $45,000 $4,195 $40,805
2019 $9,041 $45,000 $4,195 $40,805
2018 $11,644 $58,948 $4,195 $54,753
2017 $5,910 $27,455 $3,496 $23,959
2016 $5,499 $27,455 $3,496 $23,959
2015 $9,982 $54,473 $3,496 $50,977
2014 $10,107 $54,473 $3,496 $50,977
2013 $9,907 $54,473 $3,496 $50,977
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10452241

Midwest Real Estate Data (MRED)

APN: 20351030190000

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