NOT LISTED FOR SALE

107 W Michael Ln Addison, IL 60101

8 Beds
4 Baths
-- Sq Ft
9,148 Sq Ft Lot

Last Sold February 20, 2018

Last sale price $351,000

29 Days on Market

Highlights

  • Recreation Room
  • Forced Air Heating System
  • Paved or Partially Paved Lot
  • Lower Floor Utility Room

About This Home

As of February 2018

Tremendous investment opportunity! Solid, all-brick, 4-unit, bi-level building with excellent cash flow. Each unit features 2 bedrooms, full bath, large kitchen with eating area & vaulted ceiling in huge family room. Roomy walk-out lower level (units A & C are finished). Tear off roof & new gutters in 2012. Separate gas & electric meters. Plenty of parking space available with 7 assigned spaces + off street. Individual hot water tanks & furnaces. Potential to increase monthly rents. Near restaurants, shopping, parks, schools. Convenient to expressways & Metra. Fully leased. Loyal tenants (2, 3 & 6 years).

Last Listed By

Joe Patyk

Coldwell Banker Realty License #471004584 Listed on: 12/05/2017

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,875

Year Built

  • Built in 1962

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 60 x 150
  • Paved or Partially Paved Lot

Home Design

  • Bi-Level Home
  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • Recreation Room
  • Lower Floor Utility Room
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Partial Basement
  • Exterior Basement Entry
  • Sump Pump

Parking

  • 7 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price
  • Assigned Parking

Schools

  • Lincoln Elementary School
  • Indian Trail Junior High School
  • Addison Trail High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $4,044
  • Net Operating Income $26,869

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,875

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Bi-Level
  • New Construction: No
  • Year Built: 1962
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Walkout
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Other Equipment: CO Detectors, Sump Pump
  • Room Type: Recreation Room, Utility Room-Lower Level
  • Basement Description: Finished,Unfinished,Exterior Access
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Range Hood,Cathedral Ceilings,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Range Hood,Cathedral Ceilings,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Range Hood,Cathedral Ceilings,Hardwood Floors
  • AppliancesAndFeatures: Stove,Refrigerator,Range Hood,Cathedral Ceilings,Hardwood Floors
  • Room: 5

Exterior Features

  • List Price: 335000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 7
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Fee Information

  • Other Expenses $: 13571

Schools

  • Elementary School: LINCOLN ELEMENTARY SCHOOL
  • High School: ADDISON TRAIL HIGH SCHOOL
  • Middle/Junior School: INDIAN TRAIL JUNIOR HIGH SCHOOL
  • Middle/Junior School District: 4

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.21
  • Lot Dimensions: 60 X 150
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 26869
  • GrossIncome: 4044
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat,1 Story Unit/s

Tax Info

  • Tax Annual Amount: 7875
  • Tax Year: 2016
  • Tax Exemptions: None

Range of Values:

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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
02/20/2018 02/20/18 Sold $351,000 0.0% --
01/03/2018 01/03/18 Pending -- -- --
12/30/2017 12/30/17 Off Market $351,000 -- --
12/28/2017 12/28/17 Pending -- -- --
12/25/2017 12/25/17 For Sale $335,000 0.0% --
12/07/2017 12/07/17 Pending -- -- --
12/05/2017 12/05/17 For Sale $335,000 -- --
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: 09812425

Midwest Real Estate Data (MRED)