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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.
Enjoy the satisfaction of knowing you found an incredible investment opportunity with this beautifully rehabbed 3-flat that is located on a quiet tree-lined street in the...
HUGE price reduction! Seller says bring all reasonable offers! Beautifully redone 3 flat bordering Wrightwood Park in wonderful West Lincoln Park. All units have newer ap...
HOT HUMBOLDT PARK/LOGAN SQUARE 3 FLAT PLUS COACH HOUSE!! FINISHED BASEMENT, 2 CAR GARGAE. HUGE 2 & 3 BEDROOM UNITS WITH CENTRAL AIR. APARTMENTS HAVE SEPARATE LIVING & DI...
Large Multi Unit on oversized 30' lot located on beautiful tree lined street in prime Logan Square! This property has been well maintained and features two 3bd/1ba units ...
Recently updated, bright, quiet, 4-flat fully rented. Perfectly located in highly sought-after, Logan Square. Amazing potential for multiple uses including an armchair in...
Great Location. DePaul /Lincoln Pk. Brick 3 flat with a 2 bedroom Duplex apartment. Ideal for an owner-user or investment property. All units have been remodeled and ...
Welcoming brick 2-flat in fantastic location in Logan Square. First floor features 2 bedrooms and 1 full bathroom, second floor has 3 bedrooms and 1 full bathroom. Both u...
Brick 3-flat on a larger corner lot with a 3-car garage and fenced yard in highly desirable niche of Logan Square. Granite countertops in kitchens and bathrooms. Each uni...
Come see this beautiful 2 unit building with a single family feel. This newly-renovated 4 bed/2 bath is perfect for the owner occupant to live in one and rent out the oth...
Brick two-flat with related-living in the basement. The backyard has parking for 4 cars plus a two car garage. The 1st floor has two bedrooms, living-room, dining-room, k...
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than our company are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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