NOT LISTED FOR SALE

Estimated Value: $482,000 - $559,000

4 Beds
2 Baths
-- Sq Ft
0.32 Acres

Last Sold April 27, 2022

Last sale price $467,500

Est. 11% increase in value since last sale

Current estimated payment $3,523/month

4 Days on Market

Highlights

  • Queen Anne Architecture
  • Corner Lot
  • Ceiling Fan
  • Park View Elementary School Rated A-
  • 2 Car Attached Garage
  • Heating System Uses Steam

About This Home

As of April 2022

Excellent investment, legal non-conforming two flat (owner has letter from Village of Lombard) building fully leased with a net yearly income of approximately $31,000. Terrific money maker, easy to rent, ample parking. Picture perfect Craftsman house with front porch on large 100' wide lot with 2017 rehabbed first floor 2BR/1BA unit and a 2019 rehabbed second floor 2BR/1BA unit with separate entrance and in-unit washer/dryer. Plus two car detached garage and full basement and large yard. Stellar location in downtown Lombard two blocks to train & shops. Newer windows, hardwood flooring, tile, carpet appliances, cabinets, granite counters, paint, washer/dryer, lights, etc. Dry full basement with newer hot water heater and boiler. Outstanding armchair investment with great tenants and low maintenance. Owner is an IL Licensed Realtor.

Last Agent to Sell the Property

Craig Ross

Ross Property Group, Inc. License #471007296 Listed on: 03/12/2022

Ross Property Group, Inc.

Last Buyer's Agent

Debikay Bednarowicz

Platinum Partners Realtors License #475122105

Platinum Partners Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,518

Year Built

  • Built in 1925 | Remodeled in 2019

Lot Details

  • Lot Dimensions are 100x138
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 2 Car Attached Garage
  • Parking Space is Owned

Home Design

  • Queen Anne Architecture
  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • Ceiling Fan
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Schools

  • Park View Elementary School
  • Glenn Westlake Middle School
  • Glenbard East High School

Utilities

  • Radiator
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 2 Units

Building Details

  • Fuel Expense $900
  • Insurance Expense $1,500
  • Maintenance Expense $500
  • Trash Expense $200
  • Water Sewer Expense $1,050
  • Gross Income $43,800
  • Net Operating Income $31,132

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,518

Year Built

Built in 1925 | Remodeled in 2019

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Queen Anne
  • New Construction: No
  • Year Built: 1925
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2019
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2019

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Other Equipment: CO Detectors, Ceiling Fan(s), Sump Pump
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Disposal,Window Air Conditioner,Garage/Space,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Garage/Space

Exterior Features

  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Steam, Radiator(s)
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Trash Expense: 200
  • Water Sewer Expenses: 1050
  • Other Expenses $: 0
  • Trash Expense Year: 2022

Schools

  • Elementary School: Park View Elementary School
  • High School: Glenbard East High School
  • Middle/Junior School: Glenn Westlake Middle School

Lot Info

  • Lot Dimensions: 100X138
  • Zoning: SINGL
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • Net Operating Income: 31132
  • Fuel Expense: 900
  • Insurance Expense: 1500
  • GrossIncome: 43800
  • Maintenance Expense: 500
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 8518.46
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2023
Sold by
Bednarowicz Michael P and Bednarowicz Debra K
Bought by
Debra K Bednarowicz 2023 Living Trust and Bednarowicz
Current Estimated Value
$518,052

Purchase Details

Closed on
Nov 30, 2012
Sold by
Ross Craig S
Bought by
Rental Mental Llc

Purchase Details

Listed on
Mar 8, 2012
Closed on
Apr 18, 2012
Sold by
Gay Isadore Ernest V and Gay Isadore
Bought by
Ross Craig
Seller's Agent
Nicholas Kud
Baird & Warner
Buyer's Agent
Craig Ross
Ross Property Group, Inc.
List Price
$200,000
Sold Price
$180,000
Premium/Discount to List
-$20,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.13%

Purchase Details

Closed on
Dec 6, 2011
Sold by
Isadore Ernest V and Estate Of Marie A Isadore
Bought by
Gay Isadore Ernest V and Gay Isadore
Source: Public Records

Range of Values:

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Average Value
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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
Debra K Bednarowicz 2023 Living Trust -- None Listed On Document
Rental Mental Llc -- None Available
Ross Craig $180,000 Premier Title
Gay Isadore Ernest V -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/27/2022 04/27/22 Sold $467,500 -4.4% --
03/17/2022 03/17/22 Pending -- -- --
03/12/2022 03/12/22 For Sale $489,000 +171.7% --
04/20/2012 04/20/12 Sold $180,000 -10.0% -- View Prior Sale
03/19/2012 03/19/12 Pending -- -- --
03/08/2012 03/08/12 For Sale $200,000 -- --
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 $9,738 $133,337 $34,432 $98,905
2023 $9,272 $123,300 $31,840 $91,460
2022 $8,979 $118,520 $30,610 $87,910
2021 $8,699 $115,570 $29,850 $85,720
2020 $8,518 $113,040 $29,200 $83,840
2019 $8,095 $107,470 $27,760 $79,710
2018 $7,544 $96,890 $25,030 $71,860
2017 $5,979 $76,400 $34,620 $41,780
2016 $5,811 $71,970 $32,610 $39,360
2015 $5,485 $67,050 $30,380 $36,670
2014 $4,582 $55,520 $37,170 $18,350
2013 $4,514 $56,300 $37,690 $18,610
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11345926

Midwest Real Estate Data (MRED)

APN: 06-06-425-030