Seller's Agent in 2022
Brandy Bell
Baird Warner
(312) 981-2389
2 in this area
67 Total Sales
18
Beds
6
Baths
8,436
Sq Ft
6,300
Sq Ft Lot Lot
About This Home
As of July 2022Incredibly rare value add opportunity in hot Woodlawn with new construction multi's on both sides!! Offered for the very first time in over 40 years, this 6 flat features all 3 bedroom 1 bathroom units with spacious layouts featuring eat in kitchens and massive living rooms, well kept rear porch and 2 detached two car garages plus two garden units, a one bedroom unit and a two bedroom units for a total of 8 dwelling units on the property. Seller nor agent can confirm legality of basement units. All units could use a little re-imagination to bring to current finishes and tap into market rents which average about 1,500/month. ARV for similar offerings average around 880k but can go well over that. Great East Woodlawn location near public transit, easy access to highway and lake shore drive with close proximity to University of Chicago, Jackson Park and Barack Obama Library.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,603
Year Built
- Built in 1907
Lot Details
- 6,300
Interior Spaces
- 8,436 Sq Ft Home
- 3-Story Property
- Fire Suppression System
Bedrooms and Bathrooms
- 18 Bedrooms
- 6 Bathrooms
Additional Features
- 6,300 Sq Ft Lot
- Radiant Heating System
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $900
- Fuel Expense $3,000
- Insurance Expense $2,500
- Maintenance Expense $3,000
- Water Sewer Expense $2,750
- Operating Expense $12,150
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/18/2022 07/18/22 | Sold | $525,000 | +5.0% | $62 / Sq Ft |
| 04/29/2022 04/29/22 | Pending | -- | -- | -- |
| 04/24/2022 04/24/22 | For Sale | $499,990 | -- | $59 / Sq Ft |
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 | $8,893 | $60,000 | $7,875 | $52,125 |
| 2024 | $8,893 | $60,000 | $7,875 | $52,125 |
| 2023 | $7,232 | $42,000 | $7,875 | $34,125 |
| 2022 | $7,232 | $42,000 | $7,875 | $34,125 |
| 2021 | $629 | $42,000 | $7,875 | $34,125 |
| 2020 | $3,603 | $27,099 | $6,930 | $20,169 |
| 2019 | $3,592 | $30,449 | $6,930 | $23,519 |
| 2018 | $3,538 | $30,449 | $6,930 | $23,519 |
| 2017 | $5,823 | $27,048 | $6,300 | $20,748 |
| 2016 | $5,417 | $27,048 | $6,300 | $20,748 |
| 2015 | $4,956 | $27,048 | $6,300 | $20,748 |
| 2014 | $5,027 | $27,096 | $5,040 | $22,056 |
| 2013 | $4,108 | $27,096 | $5,040 | $22,056 |
Source: Public Records
Agents Affiliated with this Home
-
Brandy Bell
-
David Thomas
Buyer's Agent in 2022
David Thomas
Blue Door Dave Inc
(773) 301-7966
5 in this area
142 Total Sales
Source: Midwest Real Estate Data (MRED)
MLS Number: 11384065
APN: 20231250170000
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.
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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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