Sold
Last Sold Price
8 beds
700 S Loomis St, Chicago, IL 60607
Multi FamilyProperty Type
0.06 acresLot Size
1890Year Built

Description

Sold before processing! Estate Sale ! Located in the Tri-Taylor area, A Prime location for this Brick 5 Unit Building, 4352 Square Foot,with 2 Units in the Front, plus a Full English Basement with ingress and egress from the street,and 3 In the Rear, attached by a staircase between the 2 buildings . The basement is connected to both sections. The Rear 3 units in the Building has it,s own address: 1407 W. Flournoy St. A total renovation will be needed to Create a Desired revenue stream! Each Apartment...Sold before processing! Estate Sale ! Located in the Tri-Taylor area, A Prime location for this Brick 5 Unit Building, 4352 Square Foot,with 2 Units in the Front, plus a Full English Basement with ingress and egress from the street,and 3 In the Rear, attached by a staircase between the 2 buildings . The basement is connected to both sections. The Rear 3 units in the Building has it,s own address: 1407 W. Flournoy St. A total renovation will be needed to Create a Desired revenue stream! Each Apartment has been set up to its own Gas FA Furnace, and Hot water heater. Tenants will pay their own Gas and Electric. There is and always will be a Strong Rental Demand in this area thus if Retained by Buyer and plus Value Added Potential. There is a different floor plan from the Front 2 Apartments versus the rear 3 Apartments. Expenses are unknown with the exception of Insurance and Taxes. Two Tenant,s are Month to Month in the Rear Apartments. Property is being Sold As-Is! Great Location! An Opportunity to Invest today for tomorrow's future!
  • Listed by: Edward Hall 630.205.4700 realtored1@gmail.com • Coldwell Banker Realty
Listing closed: 09/08/2020 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 10841586

Recent comparable sales

Median sold price

$677,500

Avg days on market

108

Sale-to-list ratio

102.9%

Chicago, IL

9 comparable properties found

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a front view of a house with a road
1/36
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Location

Listing Courtesy of Coldwell Banker Realty
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Property Information for 700 South Loomis Street

Property Details
  • Taxes: $17,371 / year
  • MLS Type: Multi Family 5+ / Flats
  • County: Cook County
  • Area: CHI - Near West Side
  • Township: West Chicago
  • Num Of Parking Spaces: 0.0
  • Air Conditioning Type: None
  • Num of Interior Fireplaces: 0
  • Zoning: MULTI
Building Information
  • Stories: 2
  • Residences: 5
  • Year Built: 1890
  • Lot Size: 0.06 AC / 2,520 SF
General Information
Location and General Information
  • Frontage Type: City Street
  • Information: Exceptions-Call List Office,List Broker Must Accompany,48-Hr Notice Required,No Sign on Property
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Circuit Breakers
  • # Of Washers: 0
  • Basement Description: Unfinished
  • Heat/Ventilation: Forced Air
  • # Of Window/Ac: 0
  • # Of Refrigerators: 2
  • # Of Dryers: 0
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 0.0
Exterior Features
  • Building Unit Info: No Units Furnished
Utilities / Equipment
  • Utilities: Sanitary Sewer, Water-Municipal
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 2520 SQ. FT
  • Lot Size Square Feet: 2520.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Fire Protection: None
  • Roof Structure: Flat
  • Foundation Details: Brick/Mortar, Stone
  • Building Area Total: 4352
  • Lot Size Source: Other
  • # Of Ranges: 2
  • Conversion: N
  • MRD_UNC: No
Property and Assessments
  • Buyer Financing: Conventional
  • Public Document Count: 0
  • Photos Count: 10
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
  • Location: Corner,Free Standing/Urban
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $5,467.00
  • Maintenance Expense: $.00
  • Manager Expense: $.00
  • Electric Expense Source: Broker Projection
  • Known Encumbrances: First Mortgage
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Broker Projection
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Manager Expense Source: BP
  • Net Operating Income Year: 2019
  • Other Expense Source: Broker Projection
  • Repairs-Decor Expense Source: Broker Projection
  • Trash Expense Source: Broker Projection
  • Total Monthly Income: 0
  • Water Expense Source: Broker Projection
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 2
  • # Of Rooms - Unit 1: 4
  • # Of Full Bthrms - Type 1: 1
  • Monthly Income - 1: 1800
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 3
  • # Of Rooms - Unit 2: 4
  • # Of Full Bthrms - Type 2: 1
  • Monthly Income - 2: 1600
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 3: 0
  • # Of Full Bthrms - Type 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 700 South Loomis Street

DateEvent & SourcePriceAppreciation
Sep 8, 2020

Sold

MRED #10841586

$710,000
Sep 1, 2020

Pending

MRED #10841586

Sep 1, 2020

Listed (Active)

MRED #10841586

$725,000
DateEvent & SourcePrice
09/08/2020

Sold

MRED #10841586

$710,000
09/01/2020

Pending

MRED #10841586

09/01/2020

Listed (Active)

MRED #10841586

$725,000

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

Schools near 700 South Loomis Street

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

Wells Community Academy High School
Public9 to 12

Chicago World Language Academy
PublicK to 8

STEM Magnet Academy Elementary
PublicK to 8

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 Coldwell Banker Realty

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 09:53 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.