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9211 S Laflin Street, Chicago, IL 60620
$1,425,000
9211 S Laflin Street, Chicago, IL 60620View this property at 9211 S Laflin Street, Chicago, IL 60620
9211 S Laflin StreetChicagoIL60620
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Property Description
Discover the perfect investment with this 15-unit brick property, currently bringing in $15,680/month in gross rents. This property features a desirable mix of two-bedroom, one-bedroom, and studio apartments, plus an adjacent parking lot for tenant use. Located on a desirable block, this property boasts spacious living spaces that cater to a wide range of tenants. Meticulously maintained, it demonstrates the owners' commitment to quality, with a gas forced air system for efficient heating and separate utilities to minimize landlord expenses. Situated in a safe, quiet area just 20 minutes from the loop, tenants enjoy proximity to amenities, including shopping, dining, parks, and public transport. Offering a mix of rehabbed, updated, and vintage units, this property presents a significant value-add opportunity through potential rent increases, further renovations, and additional income streams like paid parking. An exceptional chance for both seasoned investors and newcomers, this property promises stability and significant growth potential. May be purchased as a portfolio with 6221-6235 W Wabansia, Chicago, MLS#11984243.
Full Property Details
Full Property Details for 9211 S Laflin St
General
- Price: $1,425,000
- HOA FEE: $17,682
- Taxes: $17,682 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 11987588
- Updated: 3/10/2024
- Added to Site: 58 day(s) ago
Interior
- Interior Features: Skylight(s), Laundry Room, Workshop Area (Interior)
Additional Information
- Security/Safety: Fire Extinguisher(s)
Parking
- Parking Features: 6 to 12 Spaces
Location
- Area: CHI - Washington Heights
- County: Cook
- Driving Directions: 93rd to Laflin, North on Laflin to property.
- Location Details: In City Limits
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air, Gas
Utilities
- Trash: 3473
- Onsite: Municipal Water, Cable Available
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Stories/Levels: 4
- Current Bldg. Use: Multi-Family
- Year Built: 1931
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 15
- Units w/Range/Oven: 15
- # Dryers: 2
Lot Features
- Lot Dimensions: 90 x 125
- Frontage: City Street, Alley Access
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $17,682
- Insurance Fee: $5,477
- Operating Expenses: $77,283
- Other Fee: $6,824
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1931
- Tax Amount: $17,682
- Tax Year: 2022
- Tenant Pays: Electricity, Heat
- Pays Electric: 1605
- Pays Trash: 3473
Disclosures and Reports
- Property ID: 25053100050000
Listed by Landmark Property Management, Inc.
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Schools
Schools serving 9211 S Laflin St
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
9025 S Throop St, Chicago, IL 60620 | PK-8 | 0.4 mi | |
821 E 103rd St, Chicago, IL 60628 | 9-12 | 3.2 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 9211 S Laflin St
Date
Details
Price
Change
Source
2/21/2024
Listed
$1,425,000
137.5%
MLS
11/18/2021
Sold
$600,000
—
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 9211 S Laflin St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$14,709
2%
$71,301
—
2021
$14,379
-4%
$71,301
6%
2020
$14,984
11%
$67,097
—
2019
$13,516
2%
$67,097
—
2018
$13,287
-3%
$67,097
5%
2017
$13,762
7%
$63,788
—
2016
$12,806
9%
$63,788
—
2015
$11,718
31%
$63,788
33%
2014
$8,914
2%
$47,926
—
2013
$8,737
1%
$47,926
—
2012
$8,619
—
$47,926
—
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 9211 S Laflin St
9211 S Laflin Street, Chicago, IL 60620 (MLS# 11987588) is a Commercial property. 9211 S Laflin Street is currently listed for $1,425,000 and was received on March 04, 2024. Want to learn more about 9211 S Laflin Street? Do you have questions about finding other Commercial real estate for sale in Washington Heights? You can browse all Washington Heights real estate or contact a Coldwell Banker agent to request more information.