NOT LISTED FOR SALE

1015 W Webster Ave Chicago, IL 60614

Old Town Neighborhood

Estimated Value: $2,853,250

6 Beds
9 Baths
-- Sq Ft
3,006 Sq Ft Lot

Last Sold May 21, 2021

Last sale price $2,500,000

Est. 14% increase in value since last sale

Current estimated payment $19,343/month

116 Days on Market

Highlights

  • Deck
  • Balcony
  • Attached Garage
  • Mayer Elementary School Rated A-
  • Porch
  • 4-minute walk to Trebes Park

About This Home

As of May 2021

1015 W Webster, a boutique 3-flat investment opportunity in the heart of Lincoln Park, offers a stunning duplex up top-floor Penthouse on the third and fourth floors with a 1500 sq. ft. private panoramic rooftop deck, a beautiful 3 bed 3 bath rental apartment below, and an A+ prime storefront retail investment space. Top floor penthouse is now rented for $10,000/month, second floor rented for $3900/month.

Last Listed By

Michael Horwitz

Cross Street Real Estate License #471019951 Listed on: 10/05/2020

Cross Street Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $41,375

Year Built

  • 2007

Lot Details

  • 3,006

Parking

  • Attached Garage
  • Parking Available
  • Garage Door Opener
  • Off Alley Parking
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Porch

Utilities

  • Heating System Uses Gas
  • Lake Michigan Water

Community Details

  • Net Operating Income $165,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$41,375

Year Built

2007

Lot Details

0

Parking

2

Listing Details

  • Property Type: Two to Four Units
  • Age: 11-15 Years
  • Full Bathrooms: 7
  • Half Bathrooms: 2
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 7.2
  • Estimated Year Built: 2007
  • Other Addl Income: Parking Space/s
  • Type Multi: 3 Flat
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 2007

Interior Features

  • Number Of Rooms: 21
  • Bedrooms All Levels: 6
  • Above Grade Bedrooms: 6

Exterior Features

  • Lot Size: Standard Chicago Lot
  • Exterior Building Type: Brick
  • Roof Type: Flat Roof
  • Exterior Property Features: Balcony, Deck, Patio, Porch

Garage/Parking

  • Number of Cars: 5
  • Parking: Garage, Space/s
  • Parking Details: Off Alley
  • Number Parking Spaces: 3
  • Parking On Site: Yes
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Parking Included In Price: Yes
  • Parking Ownership: Owned
  • Garage Ownership: Owned

Utilities

  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas

Schools

  • School District: 299
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: 25X125
  • Parcel Identification Number: 14322160520000

Rental Info

  • Gross Rental Income: 220000

Multi Family

  • Total Number Unitsin Building: 3
  • Three Bedroom Number of Units: Yes
  • Full Baths In Building: 7
  • Half Bathsin Building: 2
  • Net Operating Income: 165000

Tax Info

  • Taxes: 27399

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 11, 2021
Sold by
1015 Webster Properties Llc
Bought by
Ark Realty Llc
Total Days on Market
116
Current Estimated Value
$2,853,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,750,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 8, 2013
Sold by
Doyle William
Bought by
1015 Webster Properties Llc

Purchase Details

Closed on
May 29, 2013
Sold by
1015 W Webster Llc
Bought by
Doyle William

Purchase Details

Closed on
Nov 9, 2009
Sold by
1015 Webster Llc
Bought by
William J Doyle Revocable Trust

Purchase Details

Closed on
May 8, 2007
Sold by
Chicago Title Land Trust Co
Bought by
1015 W Webster Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
8.25%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 25, 2006
Sold by
Acciam Brothers Joint Venture
Bought by
Melrose Partners Llc

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ark Realty Llc $2,500,000 Chicago Title
1015 Webster Properties Llc -- None Available
Doyle William $725,500 None Available
William J Doyle Revocable Trust $1,600,000 Freedom Title Corp
1015 W Webster Llc $1,000,000 Cti
Melrose Partners Llc $1,000,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ark Realty Llc $1,750,000
Previous Owner 1015 W Webster Llc $2,000,000
Closed Melrose Partners Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2021 05/21/21 Sold $2,500,000 -15.7% --
01/29/2021 01/29/21 Pending -- -- --
10/05/2020 10/05/20 For Sale $2,965,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $41,375 $272,001 $46,547 $225,454
2023 $41,375 $201,161 $37,538 $163,623
2022 $41,375 $201,161 $37,538 $163,623
2021 $40,821 $202,999 $37,537 $165,462
2020 $27,809 $124,834 $33,033 $91,801
2019 $27,868 $138,705 $33,033 $105,672
2018 $27,399 $138,705 $33,033 $105,672
2017 $28,963 $134,543 $27,027 $107,516
2016 $26,947 $134,543 $27,027 $107,516
2015 $24,654 $134,543 $27,027 $107,516
2014 $18,564 $100,052 $21,021 $79,031
Source: Public Records

Agents Affiliated with this Home

  • Michael Horwitz

    Seller's Agent in 2021

    Michael Horwitz

    Cross Street Real Estate

    (847) 899-8098

    9 in this area

    222 Total Sales

    Michael Horwitz
    Section Image
  • Shane Rachman

    Seller Co-Listing Agent in 2021

    Shane Rachman

    Cross Street Real Estate

    (847) 609-1989

    1 in this area

    4 Total Sales

    Shane Rachman
    Section Image
  • Al Zoubi

    Buyer's Agent in 2021

    Al Zoubi

    Zoubi Realty LTD

    (773) 750-5098

    6 in this area

    69 Total Sales

    Al Zoubi
    Section Image
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Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10892039

Midwest Real Estate Data (MRED)

APN: 14-32-216-058-0000

Illinois Cook County Chicago 60614 Old Town

1015 W Webster Ave, Chicago, IL

Homes for Sale in Chicago, IL

This home is located at 1015 W Webster Ave, Chicago, IL 60614 since 05 October 2020 and is currently estimated at $2,853,250. This property was built in 2007. 1015 W Webster Ave is a home located in Cook County with nearby schools including Mayer Elementary School, Lincoln Park High School, and St. James Lutheran School.

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