NOT LISTED FOR SALE

10081 Linda Ln Des Plaines, IL 60016

Estimated Value: $228,000 - $858,000

9 Beds
6 Baths
-- Sq Ft
33.27 Acres

Last Sold September 27, 2018

Last sale price $450,000

Est. 25% increase in value since last sale

Current estimated payment $4,166/month

4 Days on Market

About This Home

As of September 2018

Great investment opportunity! This free standing brick 6 unit in a courtyard complex is an income producing property, fully rented and ready for a new owner. Complex is also zoned for condos. A perfect location in North East Des Plaines with convenience to everything you would need: Highways, Pace bus, schools, Oakton Community Collage, shopping and parks. Building offers laundry in the same building, playground and ample convenient parking.

Last Agent to Sell the Property

Anthony Mehrabian

Baird & Warner License #471007231 Listed on: 07/12/2018

Baird & Warner

Last Buyer's Agent

Colleen Colombo

Keep It Realty, Ltd License #471002445

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,359

Year Built

  • 1975

Lot Details

  • 33.27

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Utilities

  • Window Unit Cooling System

Community Details

  • Fuel Expense $1,800
  • Insurance Expense $1,900

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,359

Year Built

1975

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Individual
  • Potential Use: Condominium, Residential-Multi-Family
  • Utilities To Site: Sanitary Sewer to Site, Water-Municipal
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2017
  • Net Oper Income: 38727
  • Outdoor Parking: 6-12 Spaces
  • Owners Assoc: Yes
  • Roof Coverings: Shingle Composition
  • Roof Structure: Pitched
  • Total Annual Exp: 20073
  • Total Annual Income: 58800
  • Total Monthly Income: 4900
  • Unincorporated: Yes
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Window A C: 6
  • Number Of Stories: 3
  • Estimated Year Built: 1975
  • Type Multi Family: Corridor-Interior Entrance, Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1975

Interior Features

  • Basement: Slab

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Air Conditioner: Window Unit/s
  • Heatventilation: Hot Water, Baseboard, Zoned
  • Water Expense: 2400

Condo/Co-op/Association

  • Units in Building: 6
  • Assessment Includes: Lawn Care, Scavenger, Snow Removal

Fee Information

  • Electricity Expense: 466
  • Electrical Service: Circuit Breakers

Lot Info

  • Lot Dimensions: 50 X 50
  • Parcel Identification Number: 09094030681119

Rental Info

  • Gross Rental Income: 58800
  • Tenant Pays: Electric

Multi Family

  • Fuel Expense: 1800
  • Insurance Expense: 1900
  • Other Expenses: 6420
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 7087

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 12, 2019
Sold by
10081 Linda Lane Llc
Bought by
Heritage Village Owner Llc
Current Estimated Value
$561,550

Purchase Details

Listed on
Jul 12, 2018
Closed on
Sep 27, 2018
Sold by
Bonshahi Khodarahm and Bonshahi Shirin
Bought by
10081 Linda Lane Llc
Seller's Agent
Anthony Mehrabian
Baird & Warner
Buyer's Agent
Colleen Colombo
Keep It Realty, Ltd
List Price
$449,900
Sold Price
$450,000
Premium/Discount to List
$100
0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.18%
Original Mortgage
$360,000
Interest Rate
6.25%
Mortgage Type
Commercial

Purchase Details

Closed on
May 17, 2004
Sold by
Parkway Bank & Trust Co
Bought by
Bonshahi Khodarahm and Bonshahi Shirin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Heritage Village Owner Llc $641,000 First American Title
10081 Linda Lane Llc $450,000 Fidelity National Title
Bonshahi Khodarahm $505,000 Near North Natl Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 10081 Linda Lane Llc $360,000
Previous Owner Bonshahi Khodarahm $404,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2018 09/27/18 Sold $450,000 0.0% --
07/16/2018 07/16/18 Pending -- -- --
07/12/2018 07/12/18 For Sale $449,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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
2024 $14,359 $53,934 $4,705 $49,229
2023 $13,819 $53,934 $4,705 $49,229
2022 $13,819 $53,934 $4,705 $49,229
2021 $8,744 $28,267 $7,998 $20,269
2020 $8,585 $28,267 $7,998 $20,269
2019 $8,494 $31,711 $7,998 $23,713
2018 $7,649 $25,219 $7,057 $18,162
2017 $7,551 $25,219 $7,057 $18,162
2016 $7,087 $25,219 $7,057 $18,162
2015 $5,776 $18,891 $6,116 $12,775
2014 $5,610 $18,891 $6,116 $12,775
2013 $6,725 $23,237 $6,116 $17,121
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10015791

Midwest Real Estate Data (MRED)

APN: 09-09-403-068-1154