NOT LISTED FOR SALE

3249 N Damen Ave Chicago, IL 60618

Roscoe Village Neighborhood
19 Beds
8 Baths
-- Sq Ft
4,792 Sq Ft Lot

Last Sold April 21, 2023

Last sale price $1,600,000

76 Days on Market

About This Home

As of April 2023

Fantastic Roscoe Village 6-unit walk-up building, located in the heart of the neighborhood. The property consists of (5) five 3 bedroom /1 bathroom apartments and (1) one 4 bedroom / 3 bathroom duplex down apartment. All units feature granite countertops, stainless steel appliances, dark cherry cabinets, along with hardwoods floors throughout, and remodeled bathrooms. Each apartment has in-unit laundry and full HVAC. The property includes a small backyard and two (2) parking spaces in the rear of the building. The building was fully rehabbed in 2017. There is an opportunity to add a unit in the other basement via the ADU pilot program or duplex down the first floor unit.

Last Agent to Sell the Property

Davis Edgerly

33 Realty License #475159923 Listed on: 12/08/2022

Last Buyer's Agent

Mitir Patel

Dream Town Real Estate License #475157343

Dream Town Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,538

Year Built

  • Built in 1923

Lot Details

  • 4,792

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 8 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Separate Meters

Additional Features

  • 4-Story Property
  • Lot Dimensions are 50x120

Listing and Financial Details

  • Tenant pays for air conditioning, common area maintenance, electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $988
  • Fuel Expense $2,830
  • Insurance Expense $2,472
  • Maintenance Expense $6,000
  • Manager Expense $6,507
  • Trash Expense $3,031
  • Water Sewer Expense $1,909
  • Operating Expense $46,629
  • Gross Income $165,200
  • Net Operating Income $118,571

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,538

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 4
  • Year Built: 1923
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required,No Sign on Property
  • Estimated Age: New Rehab
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 19
  • Fireplaces: 6
  • Dishwashers: 6
  • Refrigerators: 6
  • Number of Washers: 6
  • Room: 6
  • Room: 6
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 1750000
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Utilities

  • Cooling: Central Air
  • Electric: Separate Meters
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Manager Expense: 6507

Fee Information

  • Trash Expense: 3031
  • Water Sewer Expenses: 1909
  • Janitor Expense: 4642

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50X120
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat
  • Board Number: 8

Multi Family

  • Net Operating Income: 118571
  • Fuel Expense: 2830
  • Insurance Expense: 2472
  • ElectricExpense: 988
  • GrossIncome: 165200
  • Maintenance Expense: 6000
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 46629
  • Expense Year: 2022
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 18538
  • Tax Year: 2021

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2023 04/21/23 Sold $1,600,000 -8.6% --
02/23/2023 02/23/23 Pending -- -- --
01/11/2023 01/11/23 Price Changed $1,750,000 -5.4% --
12/08/2022 12/08/22 For Sale $1,850,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Davis Edgerly

    Seller's Agent in 2023

    Davis Edgerly

    33 Realty

    (773) 849-7084

    1 in this area

    17 Total Sales

    Davis Edgerly
    Section Image
  • Mitir Patel

    Buyer's Agent in 2023

    Mitir Patel

    Dream Town Real Estate

    (773) 209-4785

    4 in this area

    113 Total Sales

    Mitir Patel
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11684889

Midwest Real Estate Data (MRED)

Illinois Cook County Chicago 60618 Roscoe Village

3249 N Damen Ave, Chicago, IL

This home is located at 3249 N Damen Ave, Chicago, IL 60618 since 08 December 2022. This property was built in 1923. 3249 N Damen Ave is a home located in Cook County with nearby schools including Jahn School of Fine Arts, Lake View High School, and Saint Luke Academy.

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