$421,932*
●
Multifamily -
Off Market
1114 South Albany Avenue
Chicago, IL 60612
3 Beds
0 Bath
$337,000 - $411,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
About This Property
***Motivated Seller*** Rare value-add opportunity to own a 2005 new
construction building in Chicago's Hot East Garfield Park
neighborhood. May be sold as part of a package
($1,125,000 / $375K/Building), or individually. Existing rents
drastically below market and haven't been increased since 2006.
Addresses Include: 3018 W Lexington St, 2949 W
Arthington St, 1114 S Albany Ave, Chicago, IL 60612
Perfect for an owner occupant, or an investor. Both can take
advantage of less deferred maintenance than older buildings. Condo
quality construction that features 1,300 SF units: 3 bedroom/ 2
bathroom / 2 car parking. Each unit boasts hardwood flooring,
fridge, stove, laundry W/D hookup, master bathroom with balcony,
central AC. Buildings located just minutes from public
transportation & Kedzie-Homan Blue Line Train Station (0.7 miles),
& Interstate I-290. Nearby amenities include the United Center (
Home of the Chicago Bulls & Blackhawks ), University of Illinois
and Illinois Medical District (IMD). The Illinois Medical District
(IMD) is one of the largest urban medical districts in the U.S. and
is strategically located west of Chicago's downtown core, "The
Loop." This special-use zoning district consists of 560 acres of
medical research facilities, laboratories, a biotech business
incubator, raw development land, universities, and more than 40
healthcare-related facilities. SCB was commissioned by the Illinois
Medical District leadership to develop a new master plan to guide
the district development and support economic growth.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Multifamily
Property Taxes
$4,542
HOA Dues
-
Year Built
2008
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Oct 6, 2021 | No longer available | - | |
No longer available | |||
Nov 19, 2020 | Sold to John Hannah | $370,000 | |
Sold to John Hannah | |||
Aug 25, 2020 | In contract | - | |
In contract | |||
Aug 3, 2020 | Listed | $374,900 | |
Listed |
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
House
4
Beds
2
Baths
-
$400,000
Sep 8, 2020
$400,000
Oct 30, 2020
$366/mo
In Contract
House
2
Beds
3.5
Baths
1,800 ft²
$216/ft²
$389,000
Jun 16, 2023
-
$398/mo
In Contract
Commercial
Loft
-
3,500 ft²
$87/ft²
$305,000
Jun 26, 2023
-
$202/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
08/03/2020
|
|
3 Bed
|
-
|
-
|
$374,900
3 Bed
-
|
$370,000
-1.31%
11/19/2020
|
Jonathan Gil
|