$1,525,000 Price Analysis    ♡   Chicago, IL 60616 Unknown bed 1 bath unknown SqFt ($0/SqFt) 4,960SqFt lot. Built 1903 Listed 2024-03-06, Taxes $14,986 | Ⓧ USDA Ineligible due to price & location near Chicago |
This multifamily real estate opportunity is in the Groveland Park neighborhood of Chicago.
The subject property of 623 East Groveland Park is located 6.3 miles south of Chicago's downtown Loop area. The property is in an exclusive gated community along the shores of Lake Michigan. The unit mix for this property includes six three-bedrooms / one-bathroom units that measure 1, 100-1, 200 square feet. The units have open floor plns and are newly renovated with modern finishes.
The units feature stainless steel appliances, dark hardwood floors and fresh paint. The building has been well maintained through the current ownership. Recent capital improvements include new plumbing, electric, HVAC, roof and other quality fin ishes around the property. There is also on-site laundry for additional income for the new owner. Parking and storage are currently included in the rent for the tenants.
Presented by Stephen Rachman at
Marcus & Millichap Chicago Apartment Brokers.
Property MLS #11997584 from MRED
Lot Size Dimensions: +/- 40 X 124
Lot Size Square Feet: 4960
Calculated Total Monthly Association Fees: 0
Bedrooms in Unit-1: 3
Total Bathrooms in Unit-1: 1
Full Bathrooms in Unit-1: 1
Total Rooms in Unit-1: 6
Source Listing Status: Active
County: Cook
Directions: Located east of MLK between East 33rd Place and East 35th Street or exit Dusable Lakeshore Drive at 31st Street from the north or Oakwood Blvd from the south.
Tax Year: 2022
Source Property Type: Multi-Family
Parcel Number: 17342190350000
Zoning: MULTI
Property Subtype: Multi Family 5+
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2020 | $42,590 + $24,684 $67,274 | $14,986 |
| 2019 | $50,905 + $24,684 $75,589 | $15,186 |
| 2018 | $50,905 + $24,684 $75,589 | $14,931 |
| 2017 | $13,506 + $10,890 $24,396 | $5,251 |
| 2016 | $23,579 + $10,890 $34,469 | $6,903 |
| 2015 | $56,143 + $10,890 $67,033 | $12,283 |
| 2014 | $54,667 + $8,712 $63,379 | $11,759 |
| 2013 | $54,667 + $8,712 $63,379 | $11,527 |
| 2012 | $54,667 + $8,712 $63,379 | $11,373 |
| 2011 | $54,666 + $8,712 $63,378 | $10,270 |
| 2010 | $71,067 + $11,325 $82,392 | $13,407 |
| 2009 | $87,467 + $13,939 $101,406 | $15,812 |
| 2007 | $60,273 + $12,777 $73,050 | $10,374 |
| 2006 | $65,752 + $13,939 $79,691 | $11,440 |
$1,525,000
MRED
Listed 2024-03-06
$1,550,000
MRED
Listing removed 2023-04-08
$0
AppfolioUnits
Listing removed 2023-03-11
$0
Zumper
Listed for rent 2023-03-08
$2,000
Zumper
Listed for rent 2023-03-08
$2,000
AppfolioUnits
Listing removed 2023-02-17
$0
AppfolioUnits
Listed for rent 2023-01-29
$1,950
AppfolioUnits
Listing removed 2022-11-19
$0
Zumper
Listing removed 2022-11-18
$0
Zumper
Listing removed 2022-11-17
$0
Zumper
Listing removed 2022-11-16
$0
Zumper
Listing removed 2020-12-13
$0
AppfolioUnits
Listing removed 2020-11-28
$0
AppfolioUnits
Price Changed for rent 2020-11-14
$1,795
AppfolioUnits
Listing removed 2020-11-07
$0
AppfolioUnits
Listed for rent 2020-10-29
$1,700
AppfolioUnits
Listed for rent 2020-10-18
$1,895
AppfolioUnits
Listing removed 2020-09-29
$0
AppfolioUnits
Price Changed for rent 2020-09-16
$1,700
AppfolioUnits
Listed for rent 2020-09-08
$1,895
AppfolioUnits
Listing removed 2020-09-03
$0
AppfolioUnits
Listed for rent 2020-08-30
$1,895
AppfolioUnits
Listing removed 2020-08-17
$0
AppfolioUnits
Listed for rent 2020-08-09
$1,895
AppfolioUnits
Listed for rent 2020-07-17
$1,895
AppfolioUnits
Listing removed 2017-12-12
$1,795
Reallyo
Listed for rent 2017-11-22
$1,795
Reallyo
Listing removed 2017-11-22
$1,795
Reallyo
Listed for rent 2017-11-10
$1,795
Reallyo
Sold 2016-06-20
$460,000
MRED
Relisted 2016-03-21
$495,000
MRED
Listing removed 2016-03-19
$495,000
MRED
Listed 2016-03-09
$495,000
MRED
Sold 1995-04-20
$100,000
Public Record
Property Age: 121
Levels or Stories: 3
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.