R
Seller's Agent in 2022
Robert Drafke
Concentric Realty, Inc
(630) 641-9434
1 in this area
18 Total Sales
10 N Lake St Aurora, IL 60506
Near West Galena NeighborhoodEstimated Value: $550,000 - $807,794
64
Beds
64
Baths
650
Sq Ft
$1,044/Sq Ft
Est. Value
Highlights
- 4 Fireplaces
- Laundry Room
- Storage Room
About This Home
As of May 2022Amazing investment opportunity and chance to own a historic building in downtown aurora! Property is centrally located and walking distance that all downtown has to offer Hollywood Casino, Ballydoyle Irish Pub, Two Brothers Brewery, Endiro coffee cafe, train station and so much more! Building has been completely rehabbed, 8 large units all rented on year leases all with living rooms, oversized bedrooms and nook/office area. 4 units have decorative fireplaces with mantels. Assigned parking for all tenants. Tenants pay gas and electric. Owner pays water and trash. Add coin operated Washer and dryer and increase rents and income!. Rent roll and expense sheet uploaded under additional docs! Lot next door can possibly be purchased from city. Agent is a business partner with seller.
Last Agent to Sell the Property
Concentric Realty, Inc License #475166517 Listed on: 03/22/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,969
Year Built
- Built in 1900
Lot Details
- 6,970 Sq Ft Lot
- Lot Dimensions are 80x100
Home Design
- Brick Exterior Construction
Interior Spaces
- 3-Story Property
- 4 Fireplaces
- Storage Room
- Laundry Room
- Fire Suppression System
Bedrooms and Bathrooms
- 64 Bedrooms
- 64 Bathrooms
Unfinished Basement
- Exterior Basement Entry
- Rough-In Basement Bathroom
Utilities
- Window Unit Cooling System
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for air conditioning, electricity, heat
Community Details
Overview
- 8 Units
Building Details
- Electric Expense $1,080
- Fuel Expense $817
- Insurance Expense $3,014
- Maintenance Expense $2,400
- Trash Expense $1,697
- Water Sewer Expense $7,483
- Operating Expense $33,060
- Gross Income $90,084
- Net Operating Income $57,024
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 22, 2022
Closed on
May 11, 2022
Sold by
10 N Lake Llc
Bought by
Ramsu Properties Llc
Seller's Agent
Robert Drafke
Concentric Realty, Inc
Buyer's Agent
Venkat Chatakondu
Charles Rutenberg Realty of IL
List Price
$739,000
Sold Price
$710,795
Premium/Discount to List
-$28,205
-3.82%
Total Days on Market
0
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,898
Avg. Annual Appreciation
-1.48%
Original Mortgage
$1,036,000
Outstanding Balance
$427,485
Interest Rate
2.1%
Mortgage Type
New Conventional
Estimated Equity
$251,412
Purchase Details
Listed on
May 11, 2017
Closed on
Jul 7, 2017
Sold by
Pro Active Investments Llc
Bought by
10 N Lake Llc
Seller's Agent
Robert Drafke
Concentric Realty, Inc
Buyer's Agent
Brett Horton
HomeSmart Realty Group of IL
Sold Price
$925
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$862,400
Interest Rate
3.92%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 21, 2016
Sold by
T & S Felten Llc
Bought by
Pro Active Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
3.64%
Mortgage Type
Commercial
Purchase Details
Listed on
Sep 4, 2015
Closed on
Nov 9, 2015
Sold by
Hammer Industrial Services Inc
Bought by
T & S Felten Llc
Seller's Agent
Doug VanDeMark
Karen Douglas Realty
Buyer's Agent
Edward Kirch
Kirch Property Management
List Price
$280,000
Sold Price
$220,000
Premium/Discount to List
-$60,000
-21.43%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.50%
Purchase Details
Closed on
Jul 31, 1996
Sold by
Garrow V Pauline
Bought by
Hammer Industrial Services Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
8.33%
Mortgage Type
Seller Take Back
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ramsu Properties Llc | $711,000 | Pro Title Group | |
| 10 N Lake Llc | -- | Attorney | |
| Pro Active Investments Llc | -- | None Available | |
| T & S Felten Llc | $220,000 | Chicago Title Insurance Co | |
| Hammer Industrial Services Inc | $130,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ramsu Properties Llc | $1,036,000 | |
| Previous Owner | 10 N Lake Llc | $487,500 | |
| Previous Owner | 10 N Lake Llc | $862,400 | |
| Previous Owner | Pro Active Investments Llc | $0 | |
| Previous Owner | Hammer Industrial Services Inc | $384,000 | |
| Previous Owner | Hammer Industrial Services Inc | $324,000 | |
| Previous Owner | Hammer Industrial Services Inc | $230,000 | |
| Previous Owner | Hammer Industrial Services Inc | $117,000 | |
| Closed | Pro Active Investments Llc | $0 | |
| Closed | Ramsu Properties Llc | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/12/2022 05/12/22 | Sold | $710,795 | -3.8% | $1,094 / Sq Ft |
| 03/23/2022 03/23/22 | Pending | -- | -- | -- |
| 03/23/2022 03/23/22 | For Sale | $739,000 | 0.0% | $1,137 / Sq Ft |
| 05/25/2017 05/25/17 | Rented | $925 | 0.0% | -- |
| 05/11/2017 05/11/17 | For Rent | $925 | 0.0% | -- |
| 04/04/2017 04/04/17 | Rented | $925 | -2.6% | -- |
| 03/11/2017 03/11/17 | For Rent | $950 | +5.6% | -- |
| 12/01/2016 12/01/16 | Rented | $900 | 0.0% | -- |
| 11/08/2016 11/08/16 | Under Contract | -- | -- | -- |
| 10/24/2016 10/24/16 | For Rent | $900 | 0.0% | -- |
| 09/19/2016 09/19/16 | Rented | $900 | 0.0% | -- |
| 09/15/2016 09/15/16 | For Rent | $900 | 0.0% | -- |
| 11/18/2015 11/18/15 | Sold | $220,000 | -21.4% | -- |
| 11/16/2015 11/16/15 | Pending | -- | -- | -- |
| 09/04/2015 09/04/15 | For Sale | $280,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $18,464 | $193,033 | $17,284 | $175,749 |
| 2022 | $16,459 | $167,059 | $15,770 | $151,289 |
| 2021 | $15,765 | $155,534 | $14,682 | $140,852 |
| 2020 | $14,969 | $144,467 | $13,637 | $130,830 |
| 2019 | $19,394 | $179,930 | $12,635 | $167,295 |
| 2018 | $16,605 | $151,185 | $11,687 | $139,498 |
| 2017 | $7,979 | $70,659 | $10,768 | $59,891 |
| 2016 | $9,053 | $77,885 | $9,230 | $68,655 |
| 2015 | -- | $63,798 | $7,937 | $55,861 |
| 2014 | -- | $61,019 | $7,294 | $53,725 |
| 2013 | -- | $60,599 | $7,639 | $52,960 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Drafke
-
Venkat Chatakondu
Buyer's Agent in 2022
Venkat Chatakondu
Charles Rutenberg Realty of IL
(630) 446-0346
1 in this area
59 Total Sales
-
Brett Horton
Buyer's Agent in 2017
Brett Horton
HomeSmart Realty Group of IL
(630) 816-8089
6 Total Sales
-
Timothy Winfrey
Buyer's Agent in 2016
Timothy Winfrey
RE/MAX Suburban
(630) 674-8371
199 Total Sales
-
Jeff Asquith
Buyer's Agent in 2016
Jeff Asquith
Jeffrey S. Asquith
(847) 363-5993
60 Total Sales
-
Doug VanDeMark
D
Seller's Agent in 2015
Doug VanDeMark
Karen Douglas Realty
(630) 251-4652
44 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11354532
APN: 15-22-163-022
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