216 N May St

Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Solid, long-term investment with conversion potential in hot value near west side. Close to loop and easy access to all regional expressways. Upgrades to building and all units. Fully leased, ready to go. Security and parking on-site. Elevator to large loft units.Solid, long-term investment with conversion potential in hot value near west side. Close to loop and easy access to all regional expressways. Upgrades to building and all units. Fully leased, ready to go. Security and parking on-site. Elevator to large loft units.
  1. Listed by William • Wm C Groebe & Co.
    P: (708)-636-9700 C: (708)-921-2799 bgroebe@groebeaction.com

Sold By Goldberg & Perl, Inc.

Property Details for 216 North May Street

Area
CHI - Near West Side
Num Of Parking Spaces
18.0
Air Conditioning Type
Central Individual
Zoning
PUD
LISTING CLOSED: 12/20/2011 12:00 AM

Property Details for 216 North May Street

StatusClosed
MLS #07116014
Days on Market1056
Taxes$26,498 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1920
Lot Size0.34 AC / 15,000 SF
CountyCook County
Add your commute

Building Information for 216 North May Street

Stories4Residences16Year Built1920Building Size-Lot Size0.34 AC / 15,000 SF

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$14,915 per month

30 year fixed, 6.55% Interest

Principal and Interest

$12,707

Property Taxes

$2,208

HOA Dues

$0

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Property Information for 216 North May Street

General Information
Addtl Parking Information
  • Num Of Garages: 0
  • Outdoor Parking: 13-18 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: Short Notice OK,Show-Call Listing Office
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Individual
  • Electric: Circuit Breakers, Service - 0 to 100 Amps
  • Heat/Ventilation: Central Heat/Indiv Controls,Electric,Gas
  • # Of Refrigerators: 16
  • Misc Inside: Elevator/s Passenger,Handicapped Access
  • Num of Baths: 0.0
Exterior Features
  • Misc Outside: Balcony/ies,Handicapped Access,Security Gate,Security Lighting,Security System
Utilities / Equipment
  • Utilities: Sanitary Sewer, Water to Site
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Interior Entrance,Hi-Rise
  • Lot Dimensions: 100X150
  • Lot Size Square Feet: 15000.0
  • Stories: 4
  • Exterior Building Type: Brick, Concrete
  • Construction: Brick, Concrete
  • Roof Type: Membrane
  • Fire Protection: Fire Extinguisher/s
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 24000
  • # Of Ranges: 16
Property and Assessments
  • Possible Use: Condominium
  • Photos Count: 1
Miscellaneous
  • Land Amenities: Curbs and Gutters,Security Entrance,Sidewalks,Cable Ready
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 16
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $25,000.00
  • Gross Scheduled Income: $250,000.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Known Encumbrances: None Known
  • Expense Year: 2008
  • Janitor Expense: 0
  • Laundry Income (Annual): 0
  • Annual Misc Income: 0
  • Net Operating Income Year: 2008
  • Total Monthly Income: 0
  • Net Operating Income: $.00
  • Operating Expense: $88,000.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
  • Annual Parking Income: 0
Unit 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 1: 0
  • Monthly Income - 1: 0
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 2: 0
  • Monthly Income - 2: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 3: 0
  • Monthly Income - 3: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 4: 0
  • Monthly Income - 4: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 5: 0
  • Monthly Income - 5: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
  • Monthly Income - 6: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 7: 0
  • Monthly Income - 7: 0

Property History for 216 North May Street

DateEvent & SourcePriceAppreciation
Dec 20, 2011

Sold

MRED #07116014

$2,500,000
Dec 13, 2011

Pending

MRED #07116014

May 24, 2011

Listed (Active)

MRED #07116014

$3,200,000
DateEvent & SourcePrice
12/20/2011

Sold

MRED #07116014

$2,500,000
12/13/2011

Pending

MRED #07116014

05/24/2011

Listed (Active)

MRED #07116014

$3,200,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 216 North May Street

Taxable ValueLand$112,031Additions$295,598Total$407,629
Tax Record2023$63,212 ($5,268 / month)
Home Facts
Total Finished SqFt20,900 SqFtAbove Grade Finished SqFt20,900 SqFtStories4Lot Size6,629 SqFtStyleMulti-Family Res (5+ Units)Year Built1911CountyCOOKAPN17-08-419-005

Schools near 216 North May Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 9 to 12
Public - 9 to 12
Rating
School
Distance
Skinner Elementary School
PublicPK to 8

Wells Community Academy High School
Public9 to 12

Rauner College Prep
Charter9 to 12

Ogden Int High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Wm C Groebe & Co.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 05/05/2021 04:32 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.