Amazing Turnkey Rehabbed Brick Investment 4-Unit in Prime East Pilsen Location. $94,000 Annual Income, NOI $80,000. Listed at 7.5 CAP. Can comes with Property Management if desired. Cash on Cash Return w/25% Down Owners loan is 14% at Asking Price. Meticulously maintained individual units and building. Easy Turn key Long Term Hold
Multi-familyProperty Type
1890Year Built
3,049 sq ftLot Size
2 spacesParking
Listed by Lawrence Dunning• Main Street Real Estate Group
Bought with Jon Dimetros• Main Street Real Estate Group
SOLD BEFORE PRINT. Brand newly rehabbed 4 unit. Two 2bed/1 bath first floor units Middle unit is a 3bed/2 bath unit. Top unit is a 5bed/3bath Duplex.
MRED as Distributed by MLS Grid #09040548
Oct 1, 2015
Listing Removed
—
Sep 16, 2015
Listed (New)
*
MRED as Distributed by MLS Grid #09039439
Oct 16, 2015
Sold (MLS) (Closed Sale)
$276,000
Oct 12, 2015
Pending
—
Sep 21, 2015
Contingent
—
Sep 15, 2015
Listed (New)
$249,900
VERY RARE PILSEN DOUBLE LOT! 50X125 WITH 3-FLAT. NEEDS SOME TLC! BRING YOUR CONTRACTORS! REHAB, RENT, AND CASH FLOW. GREAT INVESTMENT! DO NOT MISS THIS OPPORTUNITY!
MRED as Distributed by MLS Grid #08213772
Nov 20, 2012
Listing Removed
—
Nov 3, 2012
Listed (New)
*
MRED as Distributed by MLS Grid #07843180
Nov 7, 2011
Listing Removed
—
Oct 14, 2011
Contingent
—
Sep 8, 2011
Price Changed (Auction)
—
Sep 8, 2011
Relisted (Auction)
—
Aug 26, 2011
Listing Removed
—
Jun 27, 2011
Listed (New)
*
MRED as Distributed by MLS Grid #07449564
Jan 1, 2011
Listing Removed
—
Feb 22, 2010
Listed (New)
*
Public Records
Dec 5, 1984
Sold
$34,500
Year
Property tax
Land + Additions
Assessment*
2017
$6,285 (+17.5%)
$12,812 + $16,385
$29,197
2016
$5,348 (+9.8%)
$12,812 + $16,385
$29,197
2015
$4,869 (+12.5%)
$12,812 + $16,385
$29,197
2014
$4,327 (+2.3%)
$11,250 + $14,640
$25,890
2013
$4,230 (+0.8%)
$11,250 + $14,640
$25,890
2012
$4,198 (−1.7%)
$11,250 + $14,640
$25,890
2011
$4,271 (+2.7%)
$15,000 + $15,394
$30,394
2010
$4,157 (+9.0%)
$15,000 + $15,394
$30,394
2009
$3,814 (+57.1%)
$15,000 + $15,394
$30,394
2008
$2,428 (−33.5%)
$10,749 + $24,110
$34,859
2007
$3,652
$10,749 + $24,110
$34,859
Tax history for 1630 W Cermak Rd
Year
Property tax
Land + Additions
Assessment*
2017
$6,285 (+17.5%)
$12,812 + $16,385
$29,197
2016
$5,348 (+9.8%)
$12,812 + $16,385
$29,197
2015
$4,869 (+12.5%)
$12,812 + $16,385
$29,197
2014
$4,327 (+2.3%)
$11,250 + $14,640
$25,890
2013
$4,230 (+0.8%)
$11,250 + $14,640
$25,890
2012
$4,198 (−1.7%)
$11,250 + $14,640
$25,890
2011
$4,271 (+2.7%)
$15,000 + $15,394
$30,394
2010
$4,157 (+9.0%)
$15,000 + $15,394
$30,394
2009
$3,814 (+57.1%)
$15,000 + $15,394
$30,394
2008
$2,428 (−33.5%)
$10,749 + $24,110
$34,859
2007
$3,652
$10,749 + $24,110
$34,859
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
9
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
6,250 Sq. Ft.
Year renovated
—
Sq. Ft.
3,432
Year built
1885
Style
Multi-Family (5+ Unit)
County
Cook County
APN
17194290250000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jan 26, 2023.
RT-4
Residential Two-Flat, Townhouse and Multi-Unit District
The primary purpose of the RT districts is to accommodate detached houses, two-flats, townhouses and low-density, multi-unit residential buildings at a density and building scale that is compatible with RS districts. The districts are intended to be applied in areas characterized by a mix of housing types. The districts are also intended to provide a gradual transition between RS districts and higher density RM districts. The RT districts are differentiated primarily on the basis of allowed density (minimum lot area per unit) and floor area ratios.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Hospital / medical center
Housing-Group
Housing-Multiple units
Housing-Senior
Infrastructure
Bed & breakfast
Office
Public service
Property details
Parking
Parking Information
# Of Cars: 2
# of Parking (Total): 2
Parking On-Site: Yes
Parking: Space/s
Parking Ownership: Owned
Interior
Bathroom Information
# of Baths (Full): 7
Bedroom Information
# of Bedrooms: 12
# of Bedrooms Possible: 12
Additional Rooms Information
Basement Description: None
Interior Features
# of Rooms: 23
Multi-Unit Information
3 Br Unit(s) In Bldg: Yes
Exterior
Building Information
# Of Units in Building: 4
Exterior Building Type: Brick
Age: 100+ Years
Built Before 1978 (Y/N): Yes
Property Information
Property Type: Two to Four Units
Ownership: Fee Simple
Rebuilt (Y/N): No
Rehab (Y/N): Yes
Rehab Year: 2016
Parcel Number: 17194290400000
Lot Information
Dimensions: 25X125
Lot Size: Less Than .25 Acre
Financial
Tax Information
Tax Annual Amount: $6,477
Tax Year: 2019
Financial Information
Finance Code: Conventional
Special Service Area: N
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Heating & Cooling
Heating: Natural Gas
Location
School Information
Elementary School District: 299
Middle Or Junior School District: 299
High School District: 299
Location Information
Township: West Chicago
Corporate Limits: Chicago
Directions: ASHLAND AVE TO CERMAK RD (2200S) WEST TO BUILDING
Public facts
Beds: 9
Baths: 3.0
Sq. Ft.: 3,432
Stories: 3.0
Lot Size: 6,250 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1885
Year Renovated: —
County: Cook County
APN: 17194290250000
Home facts updated by county records on Jan 26, 2023
Other
Listing Information
Holds Earnest Money: Yes
Possession: Closing
Around this home
Schools
Cooper Elementary Dual Language Academy
Public PreK-8 • Assigned • 0.3mi
4/10
Juarez Community Academy High School
Public 9-12 • Assigned • 0.2mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 101° expected this year, 14 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Chicago, IL • 60608
Average low and high temperatures (°F)
31
17
39
25
55
36
62
45
68
53
81
66
85
72
82
69
79
64
68
53
52
40
38
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.3 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.