Seller's Agent in 2022
Mark Ruda
Coldwell Banker Realty
(708) 524-1100
1 in this area
12 Total Sales
1002 Eastern Ave Bellwood, IL 60104
Estimated Value: $223,000 - $530,334
8
Beds
4
Baths
--
Sq Ft
7,144
Sq Ft Lot
Highlights
- Rowhouse Architecture
- Porch
- Ceiling Fan
- Corner Lot
- Forced Air Heating System
About This Home
As of July 2022Looking for an armchair investment with a generous return? Check out this four-unit, townhouse style brick building on corner lot. Generating an 8% cap rate as long-time owner passes utility expenses through to tenants. Two units recently renovated and vacant, making for easy first showing. Two occupied units are on month-to-month leases. Not much to do in terms of value-add, just a good, solid cash machine. Possible exit strategy: divide property into four PINs, sell units as fee simple townhouses, which most recently command up to $200,000 in Bellwood. Plenty of on-street parking available on Jackson and Eastern. Highest and best due 4 pm Friday, March 25.
Last Agent to Sell the Property
Coldwell Banker Realty License #471002441 Listed on: 03/22/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,080
Year Built
- Built in 1953
Lot Details
- Lot Dimensions are 119.4 x 59
- Corner Lot
- Paved or Partially Paved Lot
- Level Lot
Home Design
- Rowhouse Architecture
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- Ceiling Fan
- Partially Finished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Potential Bedrooms
- 4 Bathrooms
Outdoor Features
- Porch
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Community Details
Overview
- 4 Units
Building Details
- Insurance Expense $2,500
- Gross Income $57,804
- Net Operating Income $39,224
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 13, 2023
Sold by
Harper Carmella
Bought by
Olym Properties Llc
Current Estimated Value
Purchase Details
Closed on
Jul 14, 2011
Sold by
Chicago Title Land Trust Company
Bought by
Sobotka Barry R and Barry R Sobotka Living Trust
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Olym Properties Llc | -- | None Listed On Document | |
| Sobotka Barry R | -- | Chicago Title Land Trust Co |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/08/2022 07/08/22 | Sold | $455,000 | -5.2% | -- |
| 03/25/2022 03/25/22 | Pending | -- | -- | -- |
| 03/22/2022 03/22/22 | For Sale | $480,000 | -- | -- |
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 |
|---|---|---|---|---|
| 2025 | $26,639 | $45,500 | $5,340 | $40,160 |
| 2024 | $26,639 | $45,500 | $5,340 | $40,160 |
| 2023 | $16,710 | $59,000 | $5,340 | $53,660 |
| 2022 | $16,710 | $31,884 | $3,916 | $27,968 |
| 2021 | $16,478 | $31,884 | $3,916 | $27,968 |
| 2020 | $16,080 | $31,884 | $3,916 | $27,968 |
| 2019 | $17,748 | $31,180 | $3,560 | $27,620 |
| 2018 | $17,437 | $31,180 | $3,560 | $27,620 |
| 2017 | $16,411 | $31,180 | $3,560 | $27,620 |
| 2016 | $14,284 | $25,932 | $3,204 | $22,728 |
| 2015 | $13,602 | $25,932 | $3,204 | $22,728 |
| 2014 | $13,499 | $25,932 | $3,204 | $22,728 |
| 2013 | $4,960 | $10,622 | $3,204 | $7,418 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Ruda
-
Angela Walker
Buyer's Agent in 2022
Angela Walker
Angela Walker Homes Real Estate Group
(708) 983-8178
28 in this area
159 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11353384
APN: 15-16-120-055-0000
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