NOT LISTED FOR SALE
11 Beds
6 Baths
5,292 Sq Ft
6,000 Sq Ft Lot

Sale Details

Date Sold: October 11, 2024

Last sale price $850,000 $161 Per Sq Ft

82 Days on Market

Highlights

  • Laundry Room
  • Heating Available
  • 2-minute walk to Dunne Park Recreation Center
  • East Leyden High School Rated A-

About This Home

As of October 2024

Nestled in the heart of the coveted Rosemont neighborhood, this property presents a rare opportunity to own a six-unit brick flat, with full occupancy and a steady stream of rental income. Despite its prime location, rental rates are low, offering the potential for significant upside in income generation. Moreover, with tenants responsible for their own heat expenses, operational costs are minimized, maximizing profitability. Convenience is key with an on-site laundry room, providing added value and convenience for tenants. Additionally, the presence of six dedicated parking spaces ensures hassle-free parking for residents. Whether you're a seasoned investor seeking to expand your portfolio or a newcomer looking to capitalize on the thriving rental market, this offering is not to be missed.

Last Agent to Sell the Property

Peter Losacco

New Concept Realty License #471014490 Listed on: 05/01/2024

Last Buyer's Agent

Non Member

NON MEMBER

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,812

Year Built

  • Built in 1967

Lot Details

  • 6,000 Sq Ft Lot
  • Lot Dimensions are 50 x 120

Home Design

  • Cluster Home
  • Brick Exterior Construction
  • Pitched Roof
  • Membrane Roofing
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,292 Sq Ft Home
  • 3-Story Property
  • Monitored
  • Laundry Room
  • Finished Basement

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, heat, hot water

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $418
  • Insurance Expense $2,859
  • Maintenance Expense $500
  • Trash Expense $1,003
  • Water Sewer Expense $1,819
  • Operating Expense $24,511
  • Gross Income $77,040
  • Net Operating Income $53,529

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,812

Year Built

Built in 1967

Lot Details

6,000 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Cluster
  • Stories: 3
  • Year Built: 1967
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Possible Use: Condominium, Multi-Family
  • Basement Description: Finished
  • Fire Protection: Alarm Monitored
  • Misc Inside: Laundry Room
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: Frontage Road
  • Roof: Membrane
  • Exterior Building Type: Brick
  • Roof Structure: Pitched

Utilities

  • Cooling: Wall Sleeve
  • Electric: Circuit Breakers
  • Utilities: Sanitary Sewer
  • Heat/Ventilation: Electric

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1003
  • Water Sewer Expenses: 1819

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.13
  • Lot Dimensions: 50 X 120
  • Lot Size Sq Ft: 6000
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat, Hot Water
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 5292

Multi Family

  • Net Operating Income: 53529
  • Insurance Expense: 2859
  • ElectricExpense: 418
  • GrossIncome: 77040
  • Maintenance Expense: 500
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 24511
  • Type Multi-Family: Cluster

Tax Info

  • Tax Annual Amount: 17812
  • Tax Year: 2022

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
May 1, 2024
Closed on
Oct 10, 2024
Sold by
Elena Priami Living Trust and Lisa Priami
Bought by
Seller's Agent
Peter Losacco
New Concept Realty
Buyer's Agent
Non Member
NON MEMBER
List Price
$879,000
Sold Price
$850,000
Premium/Discount to List
-$29,000
-3.3%
Views
233

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$881,512
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2017
Sold by
Priami Elena
Bought by
Priami Elena and Elena Priami Living Trust
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
$850,000 Citywide Title
Priami Elena -- First American Title Company
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 -- $900,000
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
10/11/2024 10/11/24 Sold $850,000 -3.3% $161 / Sq Ft
07/23/2024 07/23/24 Pending -- -- --
07/23/2024 07/23/24 For Sale $879,000 +3.4% $166 / Sq Ft
07/22/2024 07/22/24 Off Market $850,000 -- --
07/08/2024 07/08/24 Price Changed $879,000 -0.7% $166 / Sq Ft
06/18/2024 06/18/24 Price Changed $885,000 -0.4% $167 / Sq Ft
06/10/2024 06/10/24 Price Changed $889,000 -0.7% $168 / Sq Ft
05/28/2024 05/28/24 Price Changed $895,000 -2.2% $169 / Sq Ft
05/20/2024 05/20/24 Price Changed $915,000 -1.1% $173 / Sq Ft
05/01/2024 05/01/24 For Sale $925,000 -- $175 / 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 $17,273 $82,000 $8,400 $73,600
2024 $17,273 $67,000 $7,200 $59,800
2023 $17,812 $67,000 $7,200 $59,800
2022 $17,812 $67,000 $7,200 $59,800
2021 $16,569 $54,753 $5,100 $49,653
2020 $16,454 $54,753 $5,100 $49,653
2019 $15,459 $62,575 $5,100 $57,475
2018 $15,739 $57,921 $4,500 $53,421
2017 $16,064 $57,921 $4,500 $53,421
2016 $14,824 $57,921 $4,500 $53,421
2015 $12,943 $48,870 $3,900 $44,970
2014 $12,927 $48,870 $3,900 $44,970
2013 $12,383 $48,870 $3,900 $44,970
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12042011

Midwest Real Estate Data (MRED)
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