3550 West 13th Place

Chicago, IL 60623

$165,000
Last Sold Price
45
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Attention investors: 6 unit building with a ton of potential; with a opportunity to add 2 more units in the lower level!. Building features 3 - 3 Bedroom / 1 Bath units and 3 - 2 Bedroom / 1 Bath units all with in-unit laundry. Bring your ideas; architectural plans already done and permits already pulled. Next step is yours to take with the construction and building the interior of the masterpiece for maximum rents. Also, the lot is fully fenced for the privacy of the building once it is renovated!...Attention investors: 6 unit building with a ton of potential; with a opportunity to add 2 more units in the lower level!. Building features 3 - 3 Bedroom / 1 Bath units and 3 - 2 Bedroom / 1 Bath units all with in-unit laundry. Bring your ideas; architectural plans already done and permits already pulled. Next step is yours to take with the construction and building the interior of the masterpiece for maximum rents. Also, the lot is fully fenced for the privacy of the building once it is renovated! Please schedule your private showings today; this will simply NOT last LONG!
  1. Listed by Vadie Reese • Compass

Property Details for 3550 West 13th Place

Area
CHI - North Lawndale
Num Of Parking Spaces
2.0
Num of Interior Fireplaces
0
Zoning
MULTI

Location

Listing Courtesy of Compass

Sold By Re/Max Cityview

Add your commute
LISTING UPDATED: 05/05/2021 08:43 AM

Property Details for 3550 West 13th Place

StatusClosed
MLS #10610489
Days on Market211
Taxes$4,279 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1920
Lot Size0.09 AC / 3,874 SF
CountyCook County

Location

Listing Courtesy of Compass

Sold By Re/Max Cityview

Add your commute

Building Information for 3550 West 13th Place

Stories-Residences6Year Built1920Building Size-Lot Size0.09 AC / 3,874 SF

Payment Calculator

$1,257 per month

30 year fixed, 7.25% Interest

Principal and Interest

$900

Property Taxes

$357

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3550 West 13th Place

General Information
Addtl Parking Information
  • Outdoor Parking: None On Site
Location and General Information
  • Frontage Type: City Street
  • Information: List Broker Must Accompany,No Sign on Property
  • Postal Code Plus 4: 0
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Circuit Breakers, Separate Meters, 101-200 Amps
  • # Of Washers: 0
  • Basement Description: Unfinished, Exterior Access
  • Heat/Ventilation: Forced Air,Gas,Separate Per Unit
  • # Of Window/Ac: 0
  • # Of Refrigerators: 0
  • Washer/Dryer Lsd: Yes
  • # Of Dryers: 0
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 0.0
Exterior Features
  • Misc Outside: Storms and Screens (as exist)
Utilities / Equipment
  • Utilities: Sanitary Sewer, Water-Municipal
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older,New Rehab
  • Multi-Family Type: Corridor-Exterior Entrance
  • Lot Dimensions: 26X149
  • Lot Size Square Feet: 3874.0
  • Stories: 3
  • Exterior Building Type: Brick, Stone
  • Construction: Brick, Stone
  • Roof Type: Rubber
  • Fire Protection: Fire Extinguisher/s,Smoke or Fire Protectors
  • Roof Structure: Flat
  • Foundation Details: Brick/Mortar
  • Building Area Total: 6219
  • # Of Ranges: 0
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Condominium, Multi-Family
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 1
  • Document Date: 2020-05-01T21:13:11
  • Photos Count: 33
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks
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: $380.00
  • Fuel Expense: $300.00
  • Gross Income: $59,856.00
  • Gross Scheduled Income: $60,432.00
  • Insurance Expense: $3,800.00
  • Maintenance Expense: $2,500.00
  • Electric Expense Source: Owner Projection
  • Known Encumbrances: First Mortgage
  • Expense Year: 2009
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Net Operating Income Year: 2009
  • Other Expense Source: Owner Projection
  • Repairs-Decor Expense Source: Owner Projection
  • Trash Expense Source: Actual
  • Total Monthly Income: 4988
  • Water Expense Source: Actual
  • Net Operating Income: $47,462.00
  • Operating Expense: $12,970.00
  • Other Expense: $740.00
  • Trash Expense: $.00
  • Water Sewer Expense: $1,950.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 3
  • # Of Rooms - Unit 1: 6
  • # Of Full Bthrms - Type 1: 1
  • Monthly Income - 1: 1050
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: 6
  • # Of Full Bthrms - Type 2: 1
  • Monthly Income - 2: 1050
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 3
  • # Of Rooms - Unit 3: 6
  • # Of Full Bthrms - Type 3: 1
  • Monthly Income - 3: 1050
  • Monthly Income Max - 3: 1050
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 3
  • # Of Rooms - Unit 4: 7
  • # Of Full Bthrms - Type 4: 1
  • Monthly Income - 4: 1350
  • Monthly Income Max - 4: 1350
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 3
  • # Of Rooms - Unit 5: 7
  • # Of Full Bthrms - Type 5: 1
  • Monthly Income - 5: 1350
  • Monthly Income Max - 5: 1350
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 3
  • # Of Full Bthrms - Type 6: 1
  • Monthly Income - 6: 1350
  • Monthly Income Max - 6: 1350
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 7: 0
  • # Of Full Bthrms - Type 7: 0
  • Monthly Income - 7: 0

Property History for 3550 West 13th Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3550 West 13th Place

Taxable ValueLand$4,551Additions$22,448Total$26,999
Tax Record2022$5,572 ($464 / month)
Home Facts
Baths6Total Finished SqFt6,219 SqFtAbove Grade Finished SqFt6,219 SqFtStories3Lot Size3,874 SqFtStyleMulti-Family Res (5+ Units)Year Built1903CountyCOOKAPN16-23-202-021

Schools near 3550 West 13th Place

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

Manley Career Academy High School
Public9 to 12

LEARN Chtr - Butler
CharterK 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.

Similar Homes

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Similar Sold Homes

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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 Compass

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.