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Wondering what your home or multi-family property is worth? The simple answer to your question is that it’s worth whatever someone will pay for it. But how is that determined?
Say you’re getting ready to sell your three-flat. If you are looking to sell a home, you can help determine a good selling price by looking at similar, recently sold properties in your neighborhood. This gives you an idea of a good listing price for your property that will generate interest from buyers.
Googling “My property’s value” will generate a lot of search features from all over the country. Our Advanced Search feature provides a filter that allows you to view sold properties in any neighborhood in Chicago to provide an accurate picture of local property values.
If you’re a motivated seller with a selling agent already in place, they will use a database to help determine a good listing price. You can conduct your own search on sold homes or condos in the area with these easy step-by-step instructions.
Find the Advanced Search button on the top toolbar on our website or linked throughout our web pages.
To get an accurate picture of your property’s value, search for homes that are similar to it.
Your narrowed search results will show the selling prices of properties like yours. If a number is in red, the property sold at or below the asking price. If it’s green, it sold for over the asking price.
A potential buyer for your residential multi-family will most likely compare your property’s current rental income with properties nearby. To see rental income of properties that have sold, you can select a home and look under the section “Additional Information.” The listing agent will usually list either the gross rental income or the separate rent for each unit.
If you own a residential multi-family, your property’s proximity to amenities like public transportation or shopping impacts its value for generating rental income, so it’s good to look at properties with similar accessibility to predict a good selling price. To get a better idea of where properties are situated, use the map view and click and drag.
Although our Advanced Search feature is a great start to determining your property’s value, it only takes into account the final numbers in an ever-changing market. A professional opinion from a licensed agent can give a more in-depth look into the many factors that determine your property’s value, such as shifting market demands, fluctuations in price, and home valuation. If you want a concrete, accurate home value estimate, we would be happy to help. Contact us to get in touch with one of our seasoned real estate agents and get started.
Great 2 unit Brick property with lots of living space. Duplex up to the third floor. Main floor can be duplex down to the garden unit. A total of 5 baths Lots of Hard...
RARELY AVAILABLE LINCOLN PARK 2-FLAT IN TOP RANKED LINCOLN ELEMENTARY SCHOOL DISTRICT. 3 BEDROOM (ALL ON THE SAME LEVEL) 2 BATH OWNER'S DUPLEX FEATURES HARDWOOD FLOORS TH...
CLASSIC BRICK OCTAGON TWO UNIT WITH EXTENDED FAMILY OPTION ON A NICE RESIDENTIAL STREET. IT'S JUST A SHORT WALK TO CHOPIN PARK (1 BLOCK) OR PORTAGE PARK (5 BLOCKS). BOTH ...
Welcome to 3046 West George, a charming 2-flat nestled minutes away from Logan Square Blue line, Kennedy Expressway, and notable restaurants such as Longman & Eagle & Lul...
Welcome to your dream investment property in highly coveted Logan Square! This stunning 2005 brick 2-flat with 2-car garage parking consists of two spacious and completel...
Classic Chicago 3 flat Greystone in Logan Square on oversized lot on Humboldt Boulevard. Steps to Armitage and fantastic eateries/night life. 1st floor has 2 bedrooms. 2n...
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Large brick two flat with many updates and great back yard. Both units are 6 room two bedrooms with decorative fireplaces. Finished basement with 3rd bath. Hardwood flo...
Fantastic Investment Or Owner-Occupied Opportunity- This refurbished 2 flat is located in the hot Logan Square neighborhood, less than a mile from the Logan Square Blue L...
Magazine ready 2-flat masterpiece hits the market in hot Logan Square! First time on the market since the major renovation of the Architect-owner's duplex up with first ...
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