4811 South Wolcott Avenue

Chicago, IL 60609

$352,000
Last Sold Price
42
Beds
21
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Solid, Brick 6 unit building. Potential Cash Cow with extremely low taxes! Each unit is a 2 bed/1 bath unit. Tenants are responsible for the heat and electric. 4 of the 6 units are occupied, so we do require 48 hour showing request notice and will only be showing the 2 vacant units, common area and basements. Please note - property sold AS-IS/WHERE-IS, Seller will make no repairs, no survey delivered, taxes paid through 2021 1st installment - with no tax prorations for the 2021 2nd installment tax...Solid, Brick 6 unit building. Potential Cash Cow with extremely low taxes! Each unit is a 2 bed/1 bath unit. Tenants are responsible for the heat and electric. 4 of the 6 units are occupied, so we do require 48 hour showing request notice and will only be showing the 2 vacant units, common area and basements. Please note - property sold AS-IS/WHERE-IS, Seller will make no repairs, no survey delivered, taxes paid through 2021 1st installment - with no tax prorations for the 2021 2nd installment tax year or years thereafter, inspections waived. Seller rider is attached and is required to be signed by all parties. A $10,000 non-refundable earnest money deposit is required. Financials are pro forma broker estimates for information purposes only cannot be relied on as actual figures.
  1. Listed by Laura McNellis • McSully Properties LLC

Sold By Realmart Realty Inc

Property Details for 4811 South Wolcott Avenue

Area
CHI - New City
Township
Lake
Num Of Parking Spaces
2.0
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 09/22/2022 03:13 PM

Property Details for 4811 South Wolcott Avenue

StatusClosed
MLS #11464219
Days on Market70
Taxes$2,122 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1910
Lot Size0.07 AC / 3,125 SF
CountyCook County

Location

Add your commute

Building Information for 4811 South Wolcott Avenue

Stories-Residences6Year Built1910Building Size-Lot Size0.07 AC / 3,125 SF

Payment Calculator

$2,098 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,921

Property Taxes

$177

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4811 South Wolcott Avenue

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces,Detached
  • Outdoor Parking: None On Site
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Circuit Breakers, Service - 0 to 100 Amps
  • Heat/Ventilation: Separate Per Unit
  • Num of Baths: 21.0
Utilities / Equipment
  • Utilities: Sewer-Storm Available, Water-Municipal
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 25X125
  • Lot Size Square Feet: 3125.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Other
  • Roof Structure: Pitched
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 4467
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 4
  • Document Date: 2022-07-18T20:00:49
  • Photos Count: 14
Miscellaneous
  • Current Use: Multi-Family
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: $.00
  • Fuel Expense: $.00
  • Gross Income: $64,800.00
  • Gross Scheduled Income: $44,923.00
  • Insurance Expense: $3,000.00
  • Maintenance Expense: $.00
  • Manager Expense: $4,536.00
  • Electric Expense Source: Actual
  • Expense Year: 2020
  • Total Annual Expense Source: Broker Projection
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Broker Projection
  • Janitor Expense: 3888
  • Manager Expense Source: BP
  • Net Operating Income Year: 2020
  • Repairs-Decor Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 5400
  • Water Expense Source: Broker Projection
  • Net Operating Income: $44,923.00
  • Operating Expense: $16,636.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $3,000.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 3
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 4
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 5
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 6
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 4811 South Wolcott 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 4811 South Wolcott Avenue

Taxable ValueLand$2,400Additions$8,600Total$11,000
Tax Record2022$1,568 ($131 / month)
Home Facts
Baths3Total Finished SqFt4,467 SqFtAbove Grade Finished SqFt4,467 SqFtStories2Lot Size3,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1910CountyCOOKAPN20-07-210-005

Schools near 4811 South Wolcott 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 - 10 to 12
Public - 9 to 12
Rating
School
Distance
Hedges Elementary School
PublicPK to 8

Richards Career Academy High School
Public9 to 12

BACK OF THE YARDS IB HS
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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 McSully Properties LLC

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.