2032 West Pierce Avenue

Chicago, IL 60622

$8,500,000
Price
$8,500,000
Price
Beds
Sq. Ft.
/ Sq. Ft.

Property Details

StatusActive
MLS #10378849
Year Built1998
DOM10
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Lot Size0.37 AC / 16,117 SF
Taxes$49,378 / year
Condo/Co-op Fees-
HOA Fees-
CountyCook County

Listed By

Contact Agent(s)

Property Details

Area
CHI - West Town

Description

These are a pair of eight unit buildings in a truly unbeatable Wicker Park location. Located in the Historic District, all 16 units are 3 bed 2 bath of approximately 1600 square feet. The all-brick buildings were built in 1999 and are still owned by the original builder. Carefully maintained and professionally managed, both buildings had new roofs installed in 2017, and more than half of the HVAC systems and water heaters are new within the last 3 years. Newer rear deck system with steel frame. Large...

Listed By

Building Information

Stories-Residences-Year Built1998Building Size-Lot Size0.37 AC / 16,117 SF

Payment Calculator

$38,368 per month

30 year fixed, 4.45% Interest

Principal and Interest

$34,253

Property Taxes

$4,115

HOA Dues

$0

Property Information for 2032 West Pierce Avenue

Interior Features
    Basement Information
  • Basement Description: Finished
Property/Lot Information
    General Information
  • Property Type: Multi Family 5+
  • Type Multi 2 4: Other
    Parking Information
  • Outdoor Parking: 19-30 Spaces
    Structure Information
  • Exterior Building Type: Brick, Limestone
  • Num Of Units: 16
  • Approx Year Built: 1998
  • Approximate Age: 16-25 Years
  • Built Before 1978: No
  • Roof Coverings: Shingle Composition
    Location Information
  • Directions: Division to Hoyne, North to Pierce, East to 2032
  • Township: WEST CHICAGO
    Lot Information
  • Acreage: 0
  • Foundation: Concrete
  • Lot Dimensions: 100X162
  • Zoning Type: MULTI
Lot/Land Information
    Lot/Land Information
  • Construction: Brick
  • Current Use: Residential-Multi-Family
  • Tenant Pays: Electric, Heat
Multi-Unit 5+ Information
    Building Features
  • Num Of Dishwashers: 16
  • Num Of Disposals: 16
  • Num Of Dryers: 16
  • Num Of Fireplaces: 16
  • Num Of Ranges: 16
  • Num Of Refrigs: 16
  • Num Of Washers: 16
  • Heat Ventilation: Forced Air, Gas
  • Washer/Dryer Leased: No
    Unit 1 Information
  • Num Of Bdrms: 3
  • Num Of Full Bthrms: 2
  • Num Of Rooms: 6
  • Num Of Units: 4
  • Monthly Income: 2700
  • Monthly Income Max: $2,800
    Unit 2 Information
  • Num Of Bdrms: 3
  • Num Of Full Bthrms: 2
  • Num Of Rooms: 6
  • Num Of Units: 4
  • Monthly Income: 3200
  • Monthly Income Max: $3,300
    Unit 3 Information
  • Num Of Bdrms: 3
  • Num Of Full Bthrms: 2
  • Num Of Rooms: 6
  • Num Of Units: 4
  • Monthly Income: 3100
  • Monthly Income Max: $3,250
    Unit 4 Information
  • Num Of Bdrms: 3
  • Num Of Full Bthrms: 2
  • Num Of Rooms: 6
  • Num Of Units: 4
  • Monthly Income: 3500
  • Monthly Income Max: $3,500
    Income / Expense Information
  • Num Of Bdrms: 0
  • Cap Rate Percent: 5
  • Num Of Rooms: 0
  • Electric Expense Source: Actual
  • Monthly Income: 0
  • Expense Year: 2018
  • Fuel Expense: 0
  • Fuel Expense Source: Actual
  • Gross Rent Multiplier: 14
  • Gross Rental Income: 610200
  • Insurance Expense Source: Broker Projection
  • Janitor Expense Source: Actual
  • Manager Expense: 31833
  • Net Operating Income: 46317
  • Net Operating Income Year: 2018
  • Other Expense Source: Actual
  • Other Expenses: 0
  • Repairs Decor Expense: 5290
  • Repairs Decor Expense Source: Actual
  • Scavenger Expense: 2350
  • Scavenger Expense Source: Broker Projection
  • Total Annual Expenses: 128722
  • Total Annual Income: 610200
  • Total Monthly Income: 50850
  • Water Expense: 1514
  • Water Expense Source: Actual
    Unit 6 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Monthly Income: 0
    Unit 7 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Monthly Income: 0

Property History for 2032 West Pierce Avenue

DateEvent & SourcePriceAppreciation
May 14, 2019Listed (Active)

MRED #10378849

$8,500,000
DateEvent & SourcePrice
05/14/2019
Listed (Active)

MRED #10378849

$8,500,000

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

Public Records

Taxable ValueLand$21,481Additions$93,209Total$114,690
Tax Record2016$22,971
Home Facts
Stories3Lot Size8,494 SqFtStyleMulti-Family Res (5+ Units)Year Built1998CountyCookAPN17061050330000

Schools in Chicago, IL

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Pritzker Elementary SchoolPublicPK-80.2 mi
7
Sabin Elementary Magnet SchoolPublicK-80.3 mi
3
Josephinum AcademyPrivate9-120.3 mi
NR
Drummond Elementary SchoolPublicPK-80.5 mi
9

Pritzker Elementary School

PK-8, 0.2 mi, Public

7

Sabin Elementary Magnet School

K-8, 0.3 mi, Public

3

Josephinum Academy

9-12, 0.3 mi, Private

NR

Drummond Elementary School

PK-8, 0.5 mi, Public

9

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.

Wicker Park
One of the hippest destinations in the city attracts a diverse crowd.
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