Izzy Corona
Responds Quickly
Premiere Realty Group Inc
(331) 258-8080
88 Total Sales
1 in Addison
$280,000 Price
107 W Michael Ln Addison, IL 60101
Addison Area
8
Beds
4
Baths
--
Sq Ft
9,148
Sq Ft Lot
Highlights
- Recreation Room
- Lower Floor Utility Room
- Paved or Partially Paved Lot
- Addison Trail High School Rated 9+
- Forced Air Heating System
About This Home
As of February 2018Tremendous 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 Agent to Sell the Property
Coldwell Banker Realty License #471004584 Listed on: 12/05/2017
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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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 5, 2017
Closed on
Feb 20, 2018
Sold by
Bought by
Seller's Agent
Joe Patyk
Coldwell Banker Realty
Buyer's Agent
Jayesh Parekh
Kale Realty
List Price
$335,000
Sold Price
$351,000
Premium/Discount to List
$16,000
4.78%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.15%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 3, 2017
Sold by
Bought by
Purchase Details
Closed on
May 7, 2013
Sold by
Bought by
Purchase Details
Closed on
Dec 17, 2010
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
4.53%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 17, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
6.37%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Sep 22, 2000
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,600
Interest Rate
8.03%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 8, 2000
Sold by
Bought by
Purchase Details
Closed on
Jan 3, 2000
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,100
Interest Rate
7.84%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 29, 1997
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Addison, IL
-
Izzy Corona
-
Dawn Larsen
Dawn Larsen
Baird & Warner
(386) 888-4346
142 Total Sales
1 in Addison
$335,000 Price
-
Deb Ritter
Deb Ritter
Keller Williams Premiere Properties
(708) 905-9826
75 Total Sales
1 in Addison
$263,000 Price
-
Michael Sorensen
Michael Sorensen
Chicagoland Brokers, Inc.
(888) 604-7961
82 Total Sales
1 in Addison
$359,000 Price
-
Elizabeth Goodchild
Elizabeth Goodchild
Realty of America
(224) 479-1826
485 Total Sales
5 in Addison
$40K - $550K Price Range
-
Marla Schneider
Marla Schneider
Coldwell Banker Realty
(224) 258-0591
259 Total Sales
1 in Addison
$251,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $351,000 | First American Title | ||
| -- | None Available | ||
| -- | None Available | ||
| $195,000 | Pntn | ||
| $450,000 | Ctic | ||
| $248,000 | -- | ||
| -- | -- | ||
| $238,000 | -- | ||
| $170,000 | First American Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $910,000 | ||
| Closed | -- | ||
| Closed | $245,000 | ||
| Previous Owner | $145,000 | ||
| Previous Owner | $67,500 | ||
| Previous Owner | $360,000 | ||
| Previous Owner | $239,957 | ||
| Previous Owner | $240,000 | ||
| Previous Owner | $235,600 | ||
| Previous Owner | $226,100 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $10,732 | $152,270 | $60,906 | $91,364 |
| 2023 | $10,305 | $139,980 | $55,990 | $83,990 |
| 2022 | $9,460 | $128,450 | $51,380 | $77,070 |
| 2021 | $9,087 | $123,030 | $49,210 | $73,820 |
| 2020 | $8,864 | $117,850 | $47,140 | $70,710 |
| 2019 | $8,824 | $113,320 | $45,330 | $67,990 |
| 2018 | $8,231 | $101,400 | $40,560 | $60,840 |
| 2017 | $8,044 | $96,910 | $38,760 | $58,150 |
| 2016 | $7,875 | $89,480 | $35,790 | $53,690 |
| 2015 | $7,727 | $82,660 | $33,060 | $49,600 |
| 2014 | $5,277 | $56,090 | $14,020 | $42,070 |
| 2013 | $5,162 | $57,240 | $14,310 | $42,930 |
Source: Public Records
Agents Affiliated with this Home
-
Joe Patyk
J
Seller's Agent in 2018
Joe Patyk
Coldwell Banker Realty
(630) 917-4661
3 Total Sales
-
Jayesh Parekh
J
Buyer's Agent in 2018
Jayesh Parekh
Kale Realty
(847) 962-0239
60 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 09812425
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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