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214 N Homan Avenue, Chicago, IL 60624
$675,000 Contingent
214 N Homan Avenue, Chicago, IL 60624View this property at 214 N Homan Avenue, Chicago, IL 60624
214 N Homan AvenueChicagoIL60624
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Property Description & Video
214 N Homan Avenue, Chicago, ILVideo Tour of 214 N Homan Avenue, Chicago, IL.
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.
Full Property Details
Full Property Details for 214 N Homan Ave.
General
- Price: $675,000
- HOA FEE: $10,500
- Taxes: $7,842 (2022)
- Status: Contingent
- Type: Commercial
- MLS ID: 11976912
- Updated: 3/29/2024
- Added to Site: 66 day(s) ago
Location
- Area: CHI - East Garfield Park
- County: Cook
- Township: West Chicago
- Driving Directions: Lake Street (200N) to Homan Ave (3400W), North on Homan Ave one block to Walnut. Building is located on the southwest corner of Homan & Walnut.
- Location Details: Central Business District
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas, Separate per Unit, Individual Furnaces
Utilities
- Onsite: Storm Sewer Available, Municipal Water
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 2
- Square Feet: 7,087
- Current Bldg. Use: Multi-Family
- Year Built: 1901
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 4
- Units w/Range/Oven: 4
- # Dryers: 1
Lot Features
- Lot Dimensions: 50 x 90
- Frontage: City Street
- Zoning: COMMR
Financial Considerations
- Maint. Fee: $10,500
- Insurance Fee: $7,000
- Operating Expenses: $34,740
- Assessment Year: 1901
- Tax Amount: $7,842.4
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
- Pays Electric: 340
Disclosures and Reports
- Documents Avail.: Rent Roll, Existing Survey, Tax Bill, Operating Statement
- Property ID: 16114100240000
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Schools
Schools serving 214 N Homan Ave.
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
3151 W Walnut St, Chicago, IL 60612 | PK-8 | 0.3 mi | |
3250 W Adams St, Chicago, IL 60624 | 9-12 | 0.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 214 N Homan Ave.
Date
Details
Price
Change
Source
2/22/2024
Listed
$675,000
150%
MLS
9/01/2017
Sold
$270,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 214 N Homan Ave.
Year
Property Taxes
Change
Tax Assessment
Change
2022
$7,842
2%
$37,999
—
2021
$7,666
178%
$37,999
208%
2020
$2,755
-2%
$12,327
-12%
2019
$2,824
2%
$14,009
—
2018
$2,776
-16%
$14,009
-25%
2017
$3,324
2%
$18,765
—
2016
$3,258
10%
$18,765
—
2015
$2,958
—
$18,765
2%
2014
$2,948
2%
$18,455
—
2013
$2,878
—
$18,455
—
2012
$2,864
—
$18,455
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 214 N Homan Ave.
214 N Homan Avenue, Chicago, IL 60624 (MLS# 11976912) is a Commercial property. 214 N Homan Avenue is currently listed for $675,000 and was received on February 22, 2024. Want to learn more about 214 N Homan Avenue? Do you have questions about finding other Commercial real estate for sale in East Garfield Park? You can browse all East Garfield Park real estate or contact a Coldwell Banker agent to request more information.