NOT LISTED FOR SALE

10650 Central Ave Chicago Ridge, IL 60415

10 Beds
5 Baths
-- Sq Ft
6,098 Sq Ft Lot

Last Sold September 19, 2019

Last sale price $450,000

2 Days on Market

About This Home

As of September 2019

Great investment opportunity with this well maintained 5-unit building. Roof is less than 10 years old. Newer windows & Doors. Coin-op washer and dryer on site. Building occupied with longtime tenants. Each unit has a storage locker. The building is all electric and tenants pay their own utilities.

Last Agent to Sell the Property

Matthew Ward

United Real Estate - Chicago License #475174428 Listed on: 06/30/2019

United Real Estate - Chicago

Last Buyer's Agent

Ernani Szinavel

Charles Rutenberg Realty of IL License #475154979

Charles Rutenberg Realty of IL

Property Details

Home Type

  • Multi-Family

Year Built

  • 1974

Lot Details

  • 6,098

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Utilities

  • Window Unit Cooling System

Community Details

  • Insurance Expense $1,500

Listing and Financial Details

  • Tenant pays for air conditioning, electric
  • $24,000 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1974

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Individual
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2018
  • Net Oper Income: 36381
  • Outdoor Parking: 1-5 Spaces
  • Roof Coverings: Shingle Composition
  • Roof Structure: Gable
  • Total Annual Exp: 19419
  • Total Annual Income: 55800
  • Total Monthly Income: 4650
  • Number of Ranges: 5
  • Number Of Refrigs: 5
  • Number Of Window A C: 5
  • Number Of Stories: 3
  • Estimated Year Built: 1974
  • Type Multi Family: Corridor-Interior Entrance, Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1974

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Acreage: 0.14
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Indoor Parking: 1-5 Spaces
  • Number Of Parking Spaces: 8

Utilities

  • Air Conditioner: Window Unit/s
  • Fire Protection: Fire Extinguisher/s, Smoke or Fire Protectors
  • Heatventilation: Electric

Condo/Co-op/Association

  • Units in Building: 5

Fee Information

  • Electrical Service: Circuit Breakers, Over 600 Amps

Lot Info

  • Lot Dimensions: 49 X 126
  • Lot Sq Ft: 6196
  • Land Amenities: Curbs and Gutters, Sidewalks
  • Parcel Identification Number: 24172090170000

Rental Info

  • Gross Rental Income: 55800
  • Tenant Pays: Air Conditioning, Electric

Multi Family

  • Expense Year: 2018
  • Insurance Expense: 1500
  • Other Expenses: 3780
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 14139
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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 Prior Sale
09/19/2019 09/19/19 Sold $450,000 0.0% --
07/02/2019 07/02/19 Pending -- -- --
06/30/2019 06/30/19 For Sale $450,000 +12.5% --
08/26/2015 08/26/15 Sold $400,000 -11.1% -- View Prior Sale
07/13/2015 07/13/15 Pending -- -- --
03/03/2015 03/03/15 For Sale $450,000 -- --
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 $17,180 $49,958 $5,731 $44,227
2024 $17,180 $49,958 $5,731 $44,227
2023 $14,898 $52,969 $5,731 $47,238
2022 $14,898 $38,024 $4,957 $33,067
2021 $14,256 $38,023 $4,956 $33,067
2020 $14,080 $38,023 $4,956 $33,067
2019 $14,845 $38,017 $4,492 $33,525
2018 $14,116 $38,017 $4,492 $33,525
2017 $14,140 $38,017 $4,492 $33,525
2016 $11,309 $28,348 $3,717 $24,631
2015 $11,094 $28,348 $3,717 $24,631
2014 $10,864 $28,348 $3,717 $24,631
2013 $9,655 $27,699 $3,717 $23,982
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10435210

Midwest Real Estate Data (MRED)
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