214 North Homan Avenue

Chicago, IL 60624

$675,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Outstanding, turnkey, fully remodeled and fully rented East Garfield Park 6-unit investment property with 9.5% cap rate! Complete gut rehab down to the studs over the past five (5) years including new individual gas forced air furnaces & central air conditioning, new individual water heaters, new tear-off roof in 2017, mew back porches in 2019, 400-amp electrical service with separate in-unit circuit breaker boxes, mew copper plumbing throughout, double pane windows throughout. All apartments have...Outstanding, turnkey, fully remodeled and fully rented East Garfield Park 6-unit investment property with 9.5% cap rate! Complete gut rehab down to the studs over the past five (5) years including new individual gas forced air furnaces & central air conditioning, new individual water heaters, new tear-off roof in 2017, mew back porches in 2019, 400-amp electrical service with separate in-unit circuit breaker boxes, mew copper plumbing throughout, double pane windows throughout. All apartments have been completely remodeled with modern kitchens with ceramic tile floors, new wood cabinetry and stainless-steel appliances, remodeled bathrooms with ceramic tile floors and shower surround & dark stained hardwood floors throughout living area and bedrooms. Easy street parking. Great location is close to Kedzie CTA Green line station, I-290, Garfield Park ponds, gardens, athletic facilities, and Garfield Park Conservatory. Tenants are responsible for all utilities except water and garbage removal. Coin laundry on site. B3-3 zoning.
  1. Listed by Michael Frank • Keller Williams Preferred Realty
  2. Listed by James Frank • Keller Williams Preferred Realty

Property Details for 214 North Homan Avenue

Area
CHI - East Garfield Park
Township
West Chicago
Num of Interior Fireplaces
0
Zoning
COMMR

Location

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LISTING UPDATED: 04/04/2024 04:10 PM

Property Details for 214 North Homan Avenue

StatusContingent
MLS #11978544
Days on Market55
Taxes$7,842 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1901
Lot Size0.10 AC / 4,492 SF
CountyCook County

Location

Listing Courtesy of Keller Williams Preferred Realty
Add your commute

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Building Information for 214 North Homan Avenue

Stories-Residences6Year Built1901Lot Size0.10 AC / 4,492 SF

Payment Calculator

$4,337 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,684

Property Taxes

$654

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 214 North Homan Avenue

General Information
Addtl Parking Information
  • Open Parking Spaces: 0.0
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Chicago West
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers, Service - 201 to 600 Amps
  • # Of Washers: 1
  • Heat/Ventilation: Forced Air,Gas
  • # Of Window/Ac: 0
  • # Of Refrigerators: 4
  • Washer/Dryer Lsd: Yes
  • Misc Inside: Basement,Laundry Room
  • # Of Dryers: 1
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 4
Utilities / Equipment
  • Utilities: Electric to Site, Gas to Site, Sewer-Storm Available, Water-Municipal
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 50 X 90
  • Lot Size Square Feet: 4492.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Fire Protection: Other
  • Building Area Total: 7087
  • # Of Offices: 0
  • Office SqFt: 3500
  • # Of Ranges: 4
  • # Of Stores: 2
  • Property Sub Type: Mixed Use
  • MRD_UNC: No
Property and Assessments
  • Buyer Financing: Conventional
  • Documents Available: Rent Roll,Existing Survey,Operating Statement
  • Public Document Count: 0
  • Document Date: 2024-03-21T17:19:05
  • Photos Count: 7
Miscellaneous
  • Location: Central Business District
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: $340.00
  • Fuel Expense: $1,050.00
  • Gross Income: $103,860.00
  • Gross Scheduled Income: $104,210.00
  • Insurance Expense: $7,000.00
  • Electric Expense Source: Owner Projection
  • Expense Year: 2024
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Net Operating Income Year: 2024
  • Other Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 8684
  • Water Expense Source: Owner Projection
  • Net Operating Income: $64,270.00
  • Operating Expense: $34,740.00
  • Other Expense: $10,500.00
  • Trash Expense: $.00
  • Water Sewer Expense: $2,800.00

Property History for 214 North Homan Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 214 North Homan Avenue

Taxable ValueLand$5,278Additions$32,721Total$37,999
Tax Record2022$7,842 ($654 / month)
Home Facts
Baths2.5Total Finished SqFt7,087 SqFtAbove Grade Finished SqFt7,087 SqFtStories2Lot Size4,492 SqFtStyleMulti-Family Res (5+ Units)Year Built1903CountyCOOKAPN16-11-410-024

Schools near 214 North Homan Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Beidler Elementary School
PublicPK to 8

Marshall Metropolitan High School
Public9 to 12

Raby High School
Public9 to 12

Westinghouse 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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Preferred 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. Based on information submitted to the MLS GRID as of 04/04/2024 04:10 PM. 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.