NOT LISTED FOR SALE

Estimated Value: $935,774

8 Beds
6 Baths
5,040 Sq Ft
$186/Sq Ft Est. Value

Last Sold October 05, 2022

Last sale price $759,245 $151 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $6,541/month

Highlights

  • Laundry Room
  • Ardmore Elementary School Rated A-
  • Baseboard Heating

About This Home

As of October 2022

Attention Investors, a full masonry 6-flat in Lombard. Each layout offers a large floorplan with eat-in kitchens, oversized bedrooms, and Hardwood floors. Four of the units have had kitchen and bath updates, so options to renovate the remaining two apartments exist. Separate gas meters & hot water heaters - tenants pay for their hot water & cooking gas. Unit mix offers Two 2bed/1bath and four 1bed/1bath apartments. Great location backing up to Prairie Path ** Garage and laundry draw additional income.

Last Agent to Sell the Property

Jason Rowland

Compass License #475149840 Listed on: 10/05/2022

Compass

Last Buyer's Agent

Samuel Meyer

Dwelle Realty LLC License #471021043

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,167

Year Built

  • Built in 1965

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 85 x 168

Home Design

  • Brick Exterior Construction
  • Pitched Roof
  • Composition Roof

Interior Spaces

  • 5,040 Sq Ft Home
  • 3-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Hot Water Heating System
  • Separate Meters

Listing and Financial Details

  • Tenant pays for hot water

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $720
  • Fuel Expense $1,800
  • Insurance Expense $2,200
  • Trash Expense $1,620
  • Water Sewer Expense $2,700
  • Operating Expense $27,407
  • Gross Income $79,800
  • Net Operating Income $42,807

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,167

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1965
  • Built Before 1978 (Y/N): Yes
  • Information: Other-See Remarks
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 8
  • Misc Inside: Laundry Room
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Roof: Composition
  • Exterior Building Type: Brick
  • Roof Structure: Pitched

Garage/Parking

  • Outdoor Parking: 6-12 Spaces,Paved,Private Lot
  • Indoor Parking: 1-5 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Heat/Ventilation: Hot Water,Baseboard,Separate Per Unit
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1620
  • Water Sewer Expenses: 2700

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.33
  • Lot Dimensions: 85 X 168
  • Lot Size Sq Ft: 14229
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Other, Hot Water
  • Board Number: 8
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 5040

Multi Family

  • Net Operating Income: 42807
  • Fuel Expense: 1800
  • Insurance Expense: 2200
  • ElectricExpense: 720
  • GrossIncome: 79800
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 27407
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 15167
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2022
Closed on
Sep 28, 2022
Sold by
R & M Realty Management Llc
Bought by
1016 East Division Llc
Seller's Agent
Jason Rowland
Compass
Buyer's Agent
Samuel Meyer
Dwelle Realty LLC
List Price
$796,000
Sold Price
$759,245
Premium/Discount to List
-$36,755
-4.62%
Current Estimated Value
$935,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,529
Avg. Annual Appreciation
6.52%

Purchase Details

Closed on
Nov 7, 2017
Sold by
Wackrow Thomas F and Wackrow Christine
Bought by
R & M Realty Management Llc

Purchase Details

Closed on
Apr 8, 2016
Sold by
Wackrow Thomas F and Wackrow Christine
Bought by
Wackrow Thomas F and The Thomas F Wackrow Trust

Purchase Details

Closed on
May 8, 2007
Sold by
Wackrow Marie T
Bought by
Wackrow Thomas F and Wackrow Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 25, 1994
Sold by
Wackrow Marie T
Bought by
Wackrow Marie T and Marie T Wackrow Trust
Source: Public Records
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1016 East Division Llc $759,500 Altima Title
R & M Realty Management Llc $557,000 Chicago Title Insurance Comp
Wackrow Thomas F -- Attorney
Wackrow Thomas F $600,000 First American Title
Wackrow Marie T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wackrow Thomas F $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2022 10/05/22 Sold $759,245 -4.6% $151 / Sq Ft
10/05/2022 10/05/22 Pending -- -- --
10/05/2022 10/05/22 For Sale $796,000 -- $158 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $20,067 $272,502 $45,776 $226,726
2023 $19,239 $251,990 $42,330 $209,660
2022 $15,679 $207,640 $44,320 $163,320
2021 $15,167 $202,480 $43,220 $159,260
2020 $14,873 $198,040 $42,270 $155,770
2019 $14,046 $188,290 $40,190 $148,100
2018 $13,974 $178,230 $38,040 $140,190
2017 $13,674 $169,840 $36,250 $133,590
2016 $13,555 $160,000 $34,150 $125,850
2015 $12,988 $149,050 $31,810 $117,240
2014 $12,319 $140,610 $30,010 $110,600
2013 $12,118 $142,590 $30,430 $112,160
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11619253

Midwest Real Estate Data (MRED)

APN: 06-09-304-003