NOT LISTED FOR SALE

10531 Crown Rd Franklin Park, IL 60131

10 Beds
10 Baths
-- Sq Ft
1965 Built

Last Sold May 29, 2024

Last sale price $775,000

2 Days on Market

About This Home

As of May 2024

GREAT INVESTMENT OPPORTUNITY. FULLY RENTED 10 UNITS (ALL 1 BED 1 BATH). CONVENIENT PARKING ON A SIDE (15 PARKING SPACES). LONG TIME TENANTS PAYING $700-$850. NEWER ROOF AND METAL STAIRS. ALL APARTMENTS HAVE BEEN REMODELED. BASEMENT WITH A LAUNDRY ROOM AND STORAGE FOR TENANTS. THE BUILDING IS LOCATED IN FLOOD ZONE. BUILDING PASSED VILLAGE OF FRANKLIN PARK INSPECTION. BUILDING IS IN GREAT CONDITION BUT BEYING SOLD AS IS. CASH INVESTORS ONLY.

Last Agent to Sell the Property

Nancy Sliwa

Coldwell Banker Realty License #475121736 Listed on: 03/07/2024

Coldwell Banker Realty

Co-Listed By

Ewa Kobrzak

Coldwell Banker Realty License #475135930

Last Buyer's Agent

Nancy Sliwa

Coldwell Banker Realty License #475121736 Listed on: 03/07/2024

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,943

Year Built

  • Built in 1965

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 10 Units

Building Details

  • Electric Expense $414
  • Fuel Expense $5,188
  • Insurance Expense $3,426
  • Maintenance Expense $1,000
  • Other Expense $500
  • Trash Expense $2,514
  • Water Sewer Expense $4,957
  • Gross Income $96,000
  • Net Operating Income $61,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,943

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1965
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 10
  • Total Bedrooms: 10
  • Refrigerators: 10
  • Ranges: 10
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 765000

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Gas,Hot Water,Baseboard

Fee Information

  • Trash Expense: 2514
  • Water Sewer Expenses: 4957
  • Janitor Expense: 1200

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 70/156
  • Zoning: MULTI
  • Alternate Phone Number: (708) 557-0285

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 61000
  • Fuel Expense: 5188
  • Insurance Expense: 3426
  • ElectricExpense: 414
  • GrossIncome: 96000
  • Maintenance Expense: 1000
  • NumberOfUnitsTotal: 10
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 17943
  • Tax Year: 2022

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
05/29/2024 05/29/24 Sold $775,000 +1.3% --
03/11/2024 03/11/24 Pending -- -- --
03/08/2024 03/08/24 For Sale $765,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11992836

Midwest Real Estate Data (MRED)