1213 W ERIE Street
Chicago, IL 60642

Status: Sold
Multi Family 5+
0 beds
0 baths
0 sq.ft
Listing Price: $795,000

About this home

Legal 5 Unit comprised of 2 buildings. Front Building 4 units set up: 1st floor 2 bedroom 2 bath, dishwasher, and wine cooler GFA no central air and washer dryer in unit - (rented 1950 in past currently vacant). 2F 1 bedroom Baseboard Electric, Window A/C and includes 1 outdoor parking space -Uses coin laundry basement (rented $1000 long term tenant). 2R 1 bedroom Baseboard Electric, Window A/C Uses coin laundry basement (rented $895.00 long term tenant). 3rd 2 bedroom + loft 2 bath Duplex, dishwasher, GFA. Central Air and washer dryer in unit (rented $2300). Rear Building: Coach house (rented in past $1850.00 currently vacant). Private Freestanding Coach house 2 bedroom 2 bath duplex plus attached 1 car garage, uses coin laundry basement front building. Property appraised in 2018 1.1M Price $795, 000 subject to release of lien holder approval with IRS - would recommend allowing 30-60 days period. HIGHEST AND BEST DUE DEC 8 5pm. See 3 set times to view listed in agent remarks. These are the only times the building can be show. Must RSVP to attend.

Property details

Property / Lot Details
Approximate Age Older
Land Amenities Lighting/Exterior, Sidewalks, Other
Property Type Multi Family 5+
CurrentUse Multi-Family
Lot Dimensions 21 X 128.6
FrontageType City Street
Lot Size Source Survey
Number Of Ranges 5
Type Multi-Family Flats
NumberOfUnitsTotal 5
School / Neighborhood, Utilities, Financing, Location Details
Air Conditioning Central Air, Partial
Area Major CHI - West Town
Zoning Type MULTI
Directions NOBLE TO ERIE, EAST TO 1213
Electricity Circuit Breakers
Township West Chicago
Unincorporated No
Interior Features
Basement Description Unfinished
Number Of Dryers 3
Number Of Dishwashers 3
Heat/Ventilation Electric, Forced Air, Gas, Baseboard
Misc Inside Storage Inside
Number Of Refrigs 5
Stories 4
Utilities Sanitary Sewer, Water-Municipal
Washer/Dryer Lsd No
Number Of Washers 3
Units
unit 1
Beds Total 1
Baths Total 1
Number Of Rooms - Unit 1 3
UnitTypeUnitsTotal 2
Number Of Full Bthrms - Type 1 1
Monthly Income - 1 895
Monthly Income Max - 1 1000
unit 2
Beds Total 2
Baths Total 2
Number Of Rooms - Unit 2 4
UnitTypeUnitsTotal 2
Number Of Full Bthrms - Type 2 2
Monthly Income - 2 1950
Monthly Income Max - 2 2300
unit 3
Beds Total 2
Baths Total 2
Number Of Rooms - Unit 3 5
UnitTypeUnitsTotal 1
Number Of Full Bthrms - Type 3 2
Monthly Income - 3 1895
Monthly Income Max - 3 1895
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Approx Year Built 1898
ConstructionMaterials Brick, Wood Frame, Other
Exterior Building Type Aluminum Siding, Brick, Other
Foundation Other
Misc Outside Balcony/ies, Security Gate, Other
Indoor Parking 1-5 Spaces, Attached
Outdoor Parking 1-5 Spaces, Fee Parking
Parking Total 3
Roof Type Composition, Rubber
Roof Structure Flat,Pitched
MRD Virtual Tour None
Virtual Tour Date 12/04/2020 12:35 am

Financials

Investment Profile Commercial Sale
CapRate 9.7
ElectricExpense 340
Electric Expense Source Actual
Known Encumbrances Tax Lien,Other
Expense Year 2020
Total Annual Expense Source Actual
Financing Conventional
Fuel Expense Source Actual
Gross Rental Income $96,960
Gross Rent Multiplier 8.2
Insurance Expense $2,400
Insurance Expense Source Actual
Net Oper Income $77,098
Net Operating Income Year 2020
Total Monthly Income 8080
OperatingExpense 19862
Water Expense $2,000

Tax/Assessments/Liens

Assessment Includes None
PIN 17081200160000
Taxes $15,122
Tax Year 2019
$795,000 Listing Price:
MLS # 10946547
Investment Profile Commercial Sale
Listing Market Time 447 days
Basement
List Date 12/03/2020
Year Built 1898
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