NOT LISTED FOR SALE

10348 Austin Ave Chicago Ridge, IL 60415

8 Beds
5 Baths
-- Sq Ft
6,970 Sq Ft Lot Lot

Sale Details

Date Sold: February 11, 2022

Last sale price $515,000

12 Days on Market

Highlights

  • Multiple Garages
  • 2 Car Detached Garage
  • Heating System Uses Natural Gas

About This Home

As of February 2022

3 flat Building Located in Chicago Ridge, IL. Priced at 6% Cap rate on return of investment, it is a great investment opportunity With a longterm Tenants. Each Floor has its own Heat/Gas unit. Only the 3rd unit will be available for showing, 1st & 2nd will be shown at the time of inspection after an accepted offer. Garage is currently being use as a storage for the seller, will be cleaned out.

Last Agent to Sell the Property

Ala Alnahhas

Re/Max Millennium License #475188378 Listed on: 12/07/2021

Re/Max Millennium

Last Buyer's Agent

Paulina Bachleda-Kubanska

Re/Max Millennium License #475176028

Re/Max Millennium

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,006

Year Built

  • Built in 1975

Lot Details

  • 6,970

Parking

  • 2 Car Detached Garage
  • Multiple Garages
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 5 Bathrooms

Schools

  • Ridge Central Elementary School
  • Elden D Finley Junior High Schoo

Additional Features

  • Basement Fills Entire Space Under The House
  • 6,970 Sq Ft Lot
  • Heating System Uses Natural Gas

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $48,000
  • Net Operating Income $31,364

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,006

Year Built

Built in 1975

Lot Details

6,970 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1975
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 5
  • Total Bedrooms: 8
  • Basement Description: Other
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher

Exterior Features

  • Foundation Details: Brick/Mortar
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 10
  • Garage Details: Multiple Garages
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Electric
  • Water Source: Public

Schools

  • Elementary School: Ridge Central Elementary School
  • Middle/Junior School: Elden D Finley Junior High Schoo
  • Elementary School #2: Ridge Lawn Elementary School

Lot Info

  • Lot Size Acres: 0.16
  • Lot Dimensions: 7049
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 31364
  • GrossIncome: 48000
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 10006.39
  • Tax Year: 2020
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2022 02/11/22 Sold $515,000 -1.9% --
12/20/2021 12/20/21 Pending -- -- --
12/07/2021 12/07/21 For Sale $525,000 -- --
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
2025 $15,568 $48,000 $6,520 $41,480
2024 $15,568 $48,000 $6,520 $41,480
2023 $10,587 $48,000 $6,520 $41,480
2022 $10,587 $27,022 $5,639 $21,383
2021 $10,131 $27,022 $5,639 $21,383
2020 $10,006 $27,022 $5,639 $21,383
2019 $10,384 $26,593 $5,110 $21,483
2018 $9,874 $26,593 $5,110 $21,483
2017 $9,891 $26,593 $5,110 $21,483
2016 $8,877 $22,253 $4,229 $18,024
2015 $8,708 $22,253 $4,229 $18,024
2014 $7,544 $22,253 $4,229 $18,024
2013 $7,003 $22,721 $4,229 $18,492
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11256924

Midwest Real Estate Data (MRED)
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