$345,000 Price Analysis    ♡   Chicago, IL 60617 Unknown bed 7 bath unknown SqFt ($0/SqFt) 3,475SqFt lot. Built 1888 Listed 2024-04-19, Taxes $3,454 | Ⓧ USDA Ineligible due to location near Chicago |
((Motivated Sellers Dropped the price!))
Really Decent looking property with some Good Value Add, (still needs a bit of work). ((8 unit / But its a Legal 6 unit and There's 2 Buildings on the property)). The property is located in South Chicgo directly across the street from Bessemer Park with a extraordinary swimming pool and tennis courts and right around the corner from Baker College Prep. Several units have been renovated being unit 1B, 2B, 3A, 3B and the coach house units.
All the decks have been updated and are to code. The building has some newer windows that have been installed over the past few years. The property does not have any violations and will pass all inspections. All utilities are separate and paid for by the tenants. The building is sitting at a decent cap rate of 7.14% now and that's with 4 of the 8 units rented and occupied. If all units are rented and occupied the cap rate would be at least a solid 14% conservatively. ((48 HOURS NOTICE IS REQUIRED FOR ALL SHOWINGS PER ILLINOIS TENANTS RIGHTS))
Presented by David Mishel (TAN) Top Agent Network (CNE) Certified Negotiations Expert at
COMPASS.
Property MLS #12034374 from MRED
Lot Size Dimensions: 25X125
Lot Size Square Feet: 3475
Calculated Total Monthly Association Fees: 0
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Full Bathrooms in Unit-5: 1
Full Bathrooms in Unit-6: 1
Full Bathrooms in Unit-7: 1
Total Rooms in Unit-1: 4
Total Rooms in Unit-2: 3
Total Rooms in Unit-3: 4
Total Rooms in Unit-4: 3
Total Rooms in Unit-5: 4
Source Listing Status: Active
County: Cook
Current Use: Multi-Family
Directions: SOUTH CHICAGO TO MUSKEGON THEN NORTH TO PROPERTY WHICH WILL BE ON THE RIGHT SIDE ACROSS FROM PARK
Tax Year: 2021
Source Property Type: Multi-Family
Possible Use: Multi-Family
Parcel Number: 26062140120000
Township: Lake
Zoning: MULTI
Property Subtype: Multi Family 5+
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2020 | $11,995 + $3,475 $15,470 | $3,454 |
| 2019 | $14,306 + $3,475 $17,781 | $3,581 |
| 2018 | $14,306 + $3,475 $17,781 | $3,521 |
| 2017 | $16,835 + $3,127 $19,962 | $4,306 |
| 2016 | $16,835 + $3,127 $19,962 | $4,007 |
| 2015 | $16,835 + $3,127 $19,962 | $3,667 |
| 2014 | $12,678 + $2,432 $15,110 | $2,810 |
| 2013 | $12,678 + $2,432 $15,110 | $2,754 |
| 2012 | $12,678 + $2,432 $15,110 | $2,717 |
| 2011 | $13,400 + $3,127 $16,527 | $2,684 |
| 2010 | $13,400 + $3,127 $16,527 | $2,694 |
| 2009 | $13,400 + $3,127 $16,527 | $2,582 |
| 2007 | $14,576 + $3,196 $17,772 | $2,527 |
| 2006 | $14,576 + $3,196 $17,772 | $2,554 |
$0
MRED
Listed 2024-04-19
$345,000
MRED
Listed 2024-03-21
$349,888
MRED
Sold 2022-06-09
$369,000
Public Record
Sold 2021-01-13
$115,000
Public Record
Sold 2020-12-11
$115,000
MRED
Price Changed 2020-08-25
$148,000
MRED
Listed 2020-07-02
$175,000
MRED
Listing removed 2020-02-29
$199,500
MRED
Price Changed 2019-11-26
$199,500
MRED
Price Changed 2019-11-05
$149,500
MRED
Price Changed 2019-10-15
$150,000
MRED
Price Changed 2019-10-09
$168,000
MRED
Price Changed 2019-10-03
$168,500
MRED
Price Changed 2019-09-26
$169,000
MRED
Price Changed 2019-09-04
$169,900
MRED
Price Changed 2019-08-27
$178,100
MRED
Price Changed 2019-08-20
$179,500
MRED
Listed 2019-08-09
$199,500
MRED
Sold 2017-06-20
$60,000
Public Record
Listing removed 2016-08-26
$58,900
MRED
Price Changed 2016-04-24
$58,900
MRED
Price Changed 2016-04-04
$59,400
MRED
Listed 2016-03-21
$59,900
MRED
Listing removed 2016-03-01
$61,900
MRED
Price Changed 2015-11-16
$61,900
MRED
Price Changed 2015-07-06
$63,900
MRED
Price Changed 2015-05-18
$64,400
MRED
Listed 2015-03-10
$64,900
MRED
Listing removed 2015-03-07
$77,500
MRED
Price Changed 2014-10-13
$77,500
MRED
Listed 2014-05-29
$88,500
MRED
Sold 2002-06-18
$95,000
Public Record
Water-Municipal
Water to Site
Construction Materials: Wood Frame
Foundation Details: Concrete Perimeter
Property Age: 136
Roof: Fiberglass
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.