Sold
Last Sold Price
11 beds

7616 W Addison St, Chicago, IL 60634

Multi FamilyProperty Type
0.13 acresLot Size
1969Year Built
5 carsParking Spaces

Description

Solid investment opportunity in Belmont Heights! All brick construction 6-unit building with five large 2BR's and one 1BR unit. First floor units on ground level, no garden units. Newer roof, boiler, water heater and gangway. Energy efficient boiler with zero maintenance pumps and electronic relay box. Building includes laundry room, storage closets and five parking spaces. Units currently rented below market value. Close to public transportation.Solid investment opportunity in Belmont Heights! All brick construction 6-unit building with five large 2BR's and one 1BR unit. First floor units on ground level, no garden units. Newer roof, boiler, water heater and gangway. Energy efficient boiler with zero maintenance pumps and electronic relay box. Building includes laundry room, storage closets and five parking spaces. Units currently rented below market value. Close to public transportation.

    Sold By Chicagoland Brokers, Inc.

    Listing closed: 11/22/2021 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 11238319
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    $4,708 per month

    30 year fixed, 7.03% Interest

    Principal and Interest

    $3,964

    Property Taxes

    $744

    HOA Dues

    $0

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    Property Information for 7616 West Addison Street

    Property Details

    • Taxes: $8,931 / year
    • MLS Type: Multi Family 5+ / Multi Family 5+-Other
    • County: Cook County
    • Area: CHI - Dunning
    • Township: Jefferson
    • Zoning: MULTI

    Building Information

    • Stories: 3
    • Residences: 6
    • Year Built: 1969
    • Lot Size: 0.13 AC / 5,500 SF

    General Information

    Addtl Parking Information
    • Outdoor Parking: 1-5 Spaces
    Location and General Information
    • Information: None
    Taxes and HOA Information
    • Additional Parcels: No

    Property Information

    Interior Features
    • Heat/Ventilation: Gas,Hot Water
    • Num of Baths: 0.0
    Exterior Features
    • Misc Outside: Enclosed Stairs,Storms and Screens (as exist)
    Utilities / Equipment
    • Utilities: Water-Municipal
    Property/Lot Information
    • Tenant Pays: Electricity
    • Built Before 1978: Yes
    • Approximate Age: Older
    • Multi-Family Type: Other
    • Lot Dimensions: 44X125
    • Lot Size Square Feet: 5500.0
    • Stories: 3
    • Exterior Building Type: Brick
    • Construction: Brick
    • Roof Type: Composition
    • Foundation Details: Concrete Perimeter
    • Building Area Total: 4320
    Property and Assessments
    • Public Document Count: 0
    • Photos Count: 14
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No

    Multi Family

    Multi-Family Information
    • Number Of Units Total: 6
    Income & Expenses
    • Electric Expense: $343.00
    • Fuel Expense: $3,451.00
    • Gross Income: $84,600.00
    • Gross Scheduled Income: $84,600.00
    • Insurance Expense: $2,922.00
    • Maintenance Expense: $1,000.00
    • Electric Expense Source: Actual
    • Expense Year: 2020
    • Total Annual Expense Source: Combination
    • Fuel Expense Source: Actual
    • Insurance Expense Source: Actual
    • Janitor Expense: 0
    • Repairs-Decor Expense Source: Broker Projection
    • Trash Expense Source: Actual
    • Total Monthly Income: 7050
    • Water Expense Source: Actual
    • Net Operating Income: $65,837.00
    • Operating Expense: $11,034.00
    • Other Expense: $.00
    • Trash Expense: $883.00
    • Water Sewer Expense: $2,434.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 5
    • # Of Rooms - Unit 1: 5
    • # Of Full Bthrms - Type 1: 1
    • Monthly Income - 1: 1100
    Unit 2
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 1
    • # Of Rooms - Unit 2: 4
    • # Of Full Bthrms - Type 2: 1
    • 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 7616 West Addison Street

    DateEvent & SourcePriceAppreciation
    Nov 22, 2021

    Sold

    MRED #11238319

    $742,500—
    Nov 12, 2021

    Sold (Public Record)

    Public Record #1478469146

    $742,500—
    Nov 8, 2021

    Pending

    MRED #11238319

    —
    DateEvent & SourcePrice
    11/22/2021

    Sold

    MRED #11238319

    $742,500
    11/12/2021

    Sold (Public Record)

    Public Record #1478469146

    $742,500
    11/08/2021

    Pending

    MRED #11238319

    —

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

    Public Records for 7616 West Addison Street

    Taxable Value

    Land

    $13,750

    Additions

    $51,250
    Total$65,000

    Tax Record

    2023

    $10,557 ($880 / month)

    Home Facts

    Baths

    3

    Total Finished SqFt

    4,320 SqFt

    Above Grade Finished SqFt

    4,320 SqFt

    Stories

    2

    Lot Size

    5,500 SqFt

    Style

    Multi-Family Res (5+ Units)

    Year Built

    1967

    County

    COOK

    APN

    12-24-109-030

    Schools near 7616 West Addison 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 - PK to 8
    Rating
    School
    Distance
    Dever Elementary School
    PublicPK to 8

    Steinmetz Academic Centre High School
    Public9 to 12

    Chicago Academy Elementary School
    PublicPK 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.

    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 11/23/2021 09:14 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.