216 North May Street

Closed 12/20/11

Sold

Last Sold Price

$2,500,000

216 N May St, Chicago, IL 60607

Multi FamilyProperty Type

0.34 acresLot Size

1920Year Built

18 carsParking Spaces

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.

Sold By Goldberg & Perl, Inc.

Listed by: William 708.636.9700 bgroebe@groebeaction.com • Wm C Groebe & Co.

Listing closed: 12/20/2011 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 07116014

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$15,555 per month

30 year fixed, 7.03% Interest

Principal and Interest

$13,346

Property Taxes

$2,208

HOA Dues

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Property Information for 216 North May Street

Property Details

Taxes: $26,498 / year
MLS Type: Multi Family 5+ / Corridor-Interior Entrance
County: Cook County
Area: CHI - Near West Side
Air Conditioning Type: Central Individual
Zoning: PUD

Building Information

Stories: 4
Residences: 16
Year Built: 1920
Lot Size: 0.34 AC / 15,000 SF

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

Date	Event & Source	Price	Appreciation
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	—

Date	Event & Source	Price
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 Value

Land

$112,031

Additions

$295,598

Total$407,629

Tax Record

2024

$82,198 ($6,850 / month)

Home Facts

Total Finished SqFt

22,950 SqFt

Above Grade Finished SqFt

22,950 SqFt

Stories

Lot Size

6,629 SqFt

Style

Multi-Family Res (5+ Units)

Year Built

2019

Year Renovated

2019

Zoning

C1-3

County

COOK

APN

17-08-419-005-0000

Schools near 216 North May Street

This home is within Chicago Public Schools.


Rating	School	Type	Grades	Distance
8/10	Skinner Elementary School	Public - Serves this home	PK to 8	0.5 mi
1/10	Wells Community Academy High School	Public - Serves this home	9 to 12	1.1 mi
6/10	Rauner College Prep	Charter - Choice school	9 to 12	0.5 mi
5/10	Ogden Int High School	Public - Nearby school	9 to 12	0.5 mi
8/10	Young Magnet High School	Public - Choice school	7 to 12	0.7 mi
NR	Rudolph Elementary Learning Center	Public - Choice school	PK to 8	0.7 mi
NR	Montessori Academy of Chicago	Private - Nearby school	PK to 8	0.3 mi
NR	Intercultural Montessori Language School	Private - Nearby school	PK to 8	0.5 mi
NR	The Chicago Academy For The Arts	Private - Nearby school	9 to 12	0.7 mi


Rating	School	Distance
8/10	Skinner Elementary School PublicPK to 8 Serves this home	0.5 mi
1/10	Wells Community Academy High School Public9 to 12 Serves this home	1.1 mi
6/10	Rauner College Prep Charter9 to 12 Choice school	0.5 mi
5/10	Ogden Int High School Public9 to 12 Nearby school	0.5 mi
8/10	Young Magnet High School Public7 to 12 Choice school	0.7 mi
NR	Rudolph Elementary Learning Center PublicPK to 8 Choice school	0.7 mi
NR	Montessori Academy of Chicago PrivatePK to 8 Nearby school	0.3 mi
NR	Intercultural Montessori Language School PrivatePK to 8 Nearby school	0.5 mi
NR	The Chicago Academy For The Arts Private9 to 12 Nearby school	0.7 mi

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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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 216 North May Street, Chicago, IL 60607	$2,500,000	–	–	–	15,000
214 North May Street, Chicago, IL 60607	–	–	–	–	–
219 North Racine Avenue, Chicago, IL 60607	–	–	–	–	–
213 North Racine Avenue, Chicago, IL 60607	–	–	–	19,320	–
1135 West Fulton Market, Chicago, IL 60607	–	–	–	–	1,792
201 North May Street, Chicago, IL 60607	–	–	–	7,600	–
1150 West Lake Street, Chicago, IL 60607	$322,000	–	–	–	–
213 North May Street, Chicago, IL 60607	$13,000,000	–	–	23,100	–
1133 West Fulton Market, Chicago, IL 60607	–	–	–	–	1,824
1137 West Fulton Market, Unit 2, Chicago, IL 60607	–	–	–	–	1,801
215 North May Street, Chicago, IL 60607	$13,000,000	–	–	23,100	–
221 North May Street, Chicago, IL 60607	$13,000,000	–	–	23,100	–
211 North May Street, Chicago, IL 60607	–	–	–	13,000	–
1152 West Lake Street, Chicago, IL 60607	$322,000	–	–	–	–
1110 West Lake Street, Chicago, IL 60607	–	–	–	4,400	–
1155 West Fulton Street, Chicago, IL 60607	$3,000,000	–	–	32,200	–

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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.