NOT LISTED FOR SALE

Chicago, IL 60634

Portage Park Neighborhood
5 Beds
3 Baths
-- Sq Ft
1928 Built

Last Sold June 09, 2023

Last sale price $472,000

10 Days on Market

Highlights

  • Fenced Yard
  • 2 Car Detached Garage
  • Ceiling Fan
  • Balcony
  • Patio
  • Baseboard Heating

About This Home

As of June 2023

You don't want to miss this opportunity the buy this legal 3 unit maintained by the same owner for the past 39 years. Great property, easy to manage and rent too. This is the definition of a hands free investment, everything has been (and continues to) be done by this owner. Fantastic long-term tenants that also take care of the property like it is there own. Owner pays heat, water bill, property taxes and landscaping. 1st floor tenant has use of the garage in the rent. Extra income from owned washer and dryer.

Last Agent to Sell the Property

Mark Chereso

Gateway Realty LLC License #471009791 Listed on: 04/12/2023

Last Buyer's Agent

Mark Lojo

Habloft LLC License #475200382

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,641

Year Built

  • Built in 1928

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Storm Screens

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Balcony
  • Patio

Lot Details

  • Lot Dimensions are 30 x 125
  • Fenced Yard
  • Chain Link Fence
  • Paved or Partially Paved Lot

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Lake Michigan Water

Community Details

Overview

  • 3 Units
  • 3 Unit

Building Details

  • Fuel Expense $2,196
  • Insurance Expense $1,635
  • Water Sewer Expense $1,222
  • Gross Income $38,940
  • Net Operating Income $26,246

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,641

Year Built

Built in 1928

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Other
  • New Construction: No
  • Year Built: 1928
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Other Equipment: Ceiling Fan(s)
  • Basement Description: Partially Finished,Exterior Access
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Garage/Space,Range Hood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Skylights/Windows,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer

Exterior Features

  • ExteriorFeatures: Balcony, Patio, Storms/Screens, Other
  • Foundation Details: Concrete Perimeter
  • Lot Features: Fenced Yard, Chain Link Fence, Sidewalks, Streetlights
  • OtherStructures: Garage(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Block

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Baseboard, Radiant
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved, Other
  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 1222
  • Trash Expense Year: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 30 X 125
  • Zoning: OTHER
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 26246
  • Fuel Expense: 2196
  • Insurance Expense: 1635
  • GrossIncome: 38940
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 7641.48
  • Tax Year: 2021
  • Tax Exemptions: None
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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
06/09/2023 06/09/23 Sold $472,000 -1.6% --
04/23/2023 04/23/23 Pending -- -- --
04/12/2023 04/12/23 For Sale $479,900 -- --
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 $6,937 $47,200 $13,125 $34,075
2024 $6,937 $47,200 $13,125 $34,075
2023 $6,763 $32,880 $10,500 $22,380
2022 $6,763 $32,880 $10,500 $22,380
2021 $7,641 $38,000 $10,500 $27,500
2020 $6,099 $27,376 $4,687 $22,689
2019 $6,322 $31,467 $4,687 $26,780
2018 $6,216 $31,467 $4,687 $26,780
2017 $6,854 $31,837 $4,125 $27,712
2016 $7,413 $37,012 $4,125 $32,887
2015 $6,782 $37,012 $4,125 $32,887
2014 $4,447 $26,538 $3,750 $22,788
2013 $4,348 $26,538 $3,750 $22,788
Source: Public Records

Agents Affiliated with this Home

  • Mark Chereso

    Seller's Agent in 2023

    Mark Chereso

    Gateway Realty LLC

    (773) 719-7732

    6 in this area

    68 Total Sales

    Mark Chereso
    Section Image
  • Mark Lojo

    Buyer's Agent in 2023

    Mark Lojo

    Habloft LLC

    (847) 420-4104

    1 in this area

    15 Total Sales

    Mark Lojo
    Section Image
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Source: Midwest Real Estate Data (MRED)

MLS Number: 11757608

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60634

Portage Park

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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