NOT LISTED FOR SALE
11 Beds
6 Baths
-- Sq Ft
1979 Built

Last Sold November 02, 2022

Last sale price $751,000

6 Days on Market

About This Home

As of November 2022

Rare opportunity to own a 6-unit building in Schaumburg with solid cash flow. Attractive unit mix with 5 two-bedroom units and 1 one-bedroom unit. All six units have a balcony or patio. Long-term tenants in the building with minimal rent increases implemented throughout the years. Month-to-month leases with rent growth potential present an upside opportunity for the buyer! Possibility to install coin laundry for additional income. The monthly assessment is $340 and it takes care of the landscaping, trash, and snow removal. Recent upgrades include new roof (2017), new boiler (2015), 4 out of 6 fridges are newer, and all units have ceramic tile/wood laminate flooring. This building presents a rare instance to acquire an investment property in a highly desired area with great schools and strong home values.

Last Agent to Sell the Property

DS Property Expe Dave & Shelly

eXp Realty Brokerage Phone: (773) 230-8055 License #475164746 Listed on: 09/06/2022

eXp Realty

Last Buyer's Agent

DS Property Expe Dave & Shelly

eXp Realty Brokerage Phone: (773) 230-8055 License #475164746 Listed on: 09/06/2022

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,270

Year Built

  • Built in 1979

Home Design

  • Garden Apartment
  • Brick Exterior Construction
  • Pitched Roof

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System

Additional Features

  • 3-Story Property
  • Lot Dimensions are 51x43

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $540
  • Fuel Expense $2,720
  • Insurance Expense $2,400
  • Other Expense $4,080
  • Water Sewer Expense $2,844
  • Operating Expense $26,853
  • Gross Income $84,540
  • Net Operating Income $57,687

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,270

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Garden Complex
  • Stories: 3
  • Year Built: 1979
  • Built Before 1978 (Y/N): No
  • Information: List Broker Must Accompany
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • AttributionContact: (773) 230-8055
  • Attribution Contact: (773) 230-8055
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Refrigerators: 6
  • Ranges: 6
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 699000
  • Exterior Building Type: Brick
  • Roof Structure: Pitched

Utilities

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

Fee Information

  • Water Sewer Expenses: 2844
  • Janitor Expense: 0
  • Operating Expense Includes: Association,Insurance,Trash,Water/Sewer,Gas,Real Estate Tax,Hot Water

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 51X43
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 57687
  • Fuel Expense: 2720
  • Insurance Expense: 2400
  • ElectricExpense: 540
  • GrossIncome: 84540
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 26853
  • Type Multi-Family: Garden Complex

Tax Info

  • Tax Annual Amount: 14270
  • Tax Year: 2020

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
11/02/2022 11/02/22 Sold $751,000 +7.4% --
09/13/2022 09/13/22 Pending -- -- --
09/06/2022 09/06/22 For Sale $699,000 -- --
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: 11622635

Midwest Real Estate Data (MRED)