Income-producing 4-unit brick building for sale in the Belmont Cragin neighborhood being Sold AS-IS. The building consists of 4 two bedrooms / one-bathroom units with updated kitchens and baths. Recent improvements to the building include newer siding, a newer roof, newer basement windows, tuckpointing, new electrical, plumbing, and new furnace/ac in 2 units. Storage and laundry are located in the basement. Detached 2-car garage with a spacious yard. Currently, management has maintained a solid base of tenants. With low rents, new ownership has the opportunity for rental growth in an area with a strong interest.
Closed
$547,500
5205 W Palmer St, Chicago, IL 60639
8beds
--sqft
Multi Family
Built in 1910
-- sqft lot
$659,900 Zestimate®
$--/sqft
$2,048 Estimated rent
Home value
$659,900
$620,000 - $706,000
$2,048/mo
Zestimate® history
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$3,851/mo
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List your homeWhat's special
Newer sidingNewer roofBelmont cragin neighborhoodSpacious yardUpdated kitchensNew electrical
Zillow last checked:
Listing updated:
Listing courtesy of:
Dhereck Gomez 773-587-4304,
33 Realty
Bought with:
Elias Villanueva
RE/MAX Premier
Source: MRED as distributed by MLS GRID,MLS#: 11841623
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas
Features
- Basement: Unfinished,Partial
Property
Parking
- Total spaces: 2
- Parking features: On Site, Garage Owned, Detached, Garage
- Garage spaces: 2
Lot
- Size: 4,791 sqft
Details
- Parcel number: 13331120210000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Block
Condition
- New construction: No
- Year built: 1910
- Major remodel year: 2016
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Chicago
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 12/6/2023 | Sold | $547,500-0.5% |
Source:  MRED as distributed by MLS GRID #11841623 Report a problem | ||
| 11/27/2023 | Contingent | $550,000 |
Source: MRED as distributed by MLS GRID #11841623 Report a problem | ||
| 11/20/2023 | Listed for sale | $550,000 |
Source: MRED as distributed by MLS GRID #11841623 Report a problem | ||
| 9/25/2023 | Contingent | $550,000 |
Source: MRED as distributed by MLS GRID #11841623 Report a problem | ||
| 9/1/2023 | Price change | $550,000-7.6% |
Source: MRED as distributed by MLS GRID #11841623 Report a problem | ||
| 7/25/2023 | Price change | $595,000-5.6% |
Source: MRED as distributed by MLS GRID #11841623 Report a problem | ||
| 3/22/2023 | Listed for sale | $630,000+55.6% |
Source: MRED as distributed by MLS GRID #11742350 Report a problem | ||
| 5/7/2019 | Sold | $405,000-9.8% |
Source: MRED as distributed by MLS GRID #10295637 Report a problem | ||
| 3/25/2019 | Pending sale | $449,000 |
Source: Real Property Management #10295637 Report a problem | ||
| 3/3/2019 | Listed for sale | $449,000 |
Source: Real Property Management #10295637 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $51,000 +75.9% |
| 2023 | $6,122 +2.6% | $28,999 |
| 2022 | $5,968 +2.3% | $28,999 |
| 2021 | $5,835 -3.4% | $28,999 +7% |
| 2020 | $6,039 -4.6% | $27,091 -14% |
| 2019 | $6,333 +1.7% | $31,502 |
| 2018 | $6,226 -15.1% | $31,502 -7.5% |
| 2017 | $7,331 +7.5% | $34,038 |
| 2016 | $6,821 +9.3% | $34,038 |
| 2015 | $6,241 -2.4% | $34,038 -1.2% |
| 2014 | $6,396 +2% | $34,445 |
| 2013 | $6,269 +1.3% | $34,445 |
| 2012 | $6,186 +2.7% | $34,445 -7.3% |
| 2011 | $6,024 -0.4% | $37,148 |
| 2010 | $6,050 +4.3% | $37,148 |
| 2009 | $5,798 -9.3% | $37,148 -16.6% |
| 2008 | $6,393 +1% | $44,527 |
| 2007 | $6,329 -1.1% | $44,527 |
| 2006 | $6,397 +22.8% | $44,527 +39.8% |
| 2005 | $5,208 +1% | $31,845 |
| 2004 | $5,155 +2.2% | $31,845 |
| 2003 | $5,044 +32% | $31,845 +49.8% |
| 2002 | $3,822 +3.7% | $21,253 |
| 2001 | $3,687 +4.4% | $21,253 |
| 2000 | $3,532 +0% | $21,253 +15.8% |
| 1999 | $3,532 | $18,350 |
Find assessor info on the county website
Neighborhood: Hanson Park
Nearby schools
GreatSchools rating
- 5/10Hanson Park Elementary SchoolGrades: PK-8Distance: 0.4 mi
- 1/10Foreman High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$659,900
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$659,900
- Illinois
- Cook County
- Chicago
- 60639
- Hanson Park
- 5205 W Palmer St
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