NOT LISTED FOR SALE

Chicago, IL 60651

Austin Neighborhood
18 Beds
9 Baths
-- Sq Ft
5,663 Sq Ft Lot

Sale Details

Date Sold: October 3, 2016

Last sale price $240,000

2 Days on Market

About This Home

As of October 2016

ATTENTION INVESTORS!! 9-UNIT Brick Building on a corner lot! Great source of income security. FULLY OCCUPIED! Hardly ever a vacancy. Easy to rent. Rents are BELOW MARKET VALUE. Each unit is 2 bedrooms. Additional "maintenance quarters" and building "office" in the basement. Well maintained building by private owner/landlord! May need some cosmetics. DO NOT DISTURB TENANTS!!

Last Agent to Sell the Property

Jonie Montalbano

@properties Christie's International Real Estate License #471016795 Listed on: 08/30/2016

@properties Christie's International Real Estate

Last Buyer's Agent

Jonie Montalbano

@properties Christie's International Real Estate License #471016795 Listed on: 08/30/2016

@properties Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,113

Year Built

  • Built in 1919

Lot Details

  • 5,816 Sq Ft Lot
  • Lot Dimensions are 46 x 126

Home Design

  • Brick Exterior Construction
  • Stone Siding

Interior Spaces

  • 3-Story Property
  • Partially Finished Basement
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 9 Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat, hot water

Community Details

Overview

  • 9 Units

Building Details

  • Electric Expense $1,200
  • Insurance Expense $3,000
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • Operating Expense $15,000
  • Gross Income $86,400
  • Net Operating Income $71,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,113

Year Built

Built in 1919

Lot Details

5,816 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 3
  • Year Built: 1919
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 9
  • Total Bedrooms: 18
  • Possible Use: Multi-Family
  • Basement Description: Partially Finished,Exterior Access
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Stone
  • Exterior Building Type: Brick,Stone,Limestone

Utilities

  • Cooling: None
  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas

Fee Information

  • Trash Expense: 1200
  • Water Sewer Expenses: 1200

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 46 X 126
  • Lot Size Sq Ft: 5816
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
  • Board Number: 8

Multi Family

  • Net Operating Income: 71400
  • Insurance Expense: 3000
  • ElectricExpense: 1200
  • GrossIncome: 86400
  • NumberOfUnitsTotal: 9
  • OperatingExpense: 15000
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 8113
  • Tax Year: 2014
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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
10/03/2016 10/03/16 Sold $240,000 0.0% --
09/01/2016 09/01/16 Pending -- -- --
08/30/2016 08/30/16 For Sale $240,000 -- --
Source: Midwest Real Estate Data (MRED)

Agents Affiliated with this Home

  • Jonie Montalbano

    Seller's Agent in 2016

    Jonie Montalbano

    @ Properties

    (773) 842-2753

    3 in this area

    41 Total Sales

    Jonie Montalbano
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Source: Midwest Real Estate Data (MRED)

MLS Number: 09329235

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60651

Austin

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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