NOT LISTED FOR SALE

Estimated Value: $1,628,000

33 Beds
18 Baths
-- Sq Ft
7,928 Sq Ft Lot

Last Sold July 20, 2023

Last sale price $1,315,000

Est. 24% increase in value since last sale

Current estimated payment $9,454/month

11 Days on Market

Highlights

  • Laundry Room
  • Baseboard Heating
  • 2-minute walk to Boak Park

About This Home

As of July 2023

GREAT RENTAL INVESTEMENT OPORTUNITY IN CITY OF NORTH CHICAGO! TOTAL 18 UNITS IN THREE ALL BRICK 6 UNIT BUILDINGS. FIVE-2 BEDROOMS, ONE -1 BEDROOM IN EACH BUILDING. 20 PARKING SPACES WITH NEWLY REPAVED PARKING LOT AND DRIVEWAY. VERY WELL MAINTAINED PROPERTY. GREAT INCOME.

Last Agent to Sell the Property

Mark Gajos

arhome realty License #471010736 Listed on: 04/19/2023

arhome realty

Last Buyer's Agent

Babu Joseph

Century 21 Universal

Century 21 Universal

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,888

Year Built

  • Built in 1967

Lot Details

  • Lot Dimensions are 120x200
  • Additional Parcels

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 33 Bedrooms
  • 18 Bathrooms

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 18 Units

Building Details

  • Electric Expense $1,498
  • Fuel Expense $13,045
  • Insurance Expense $9,026
  • Other Expense $2,770
  • Trash Expense $10,800
  • Water Sewer Expense $11,040
  • Operating Expense $73,440
  • Gross Income $193,000
  • Net Operating Income $119,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,888

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1967
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 18
  • Total Bedrooms: 33
  • Misc Inside: Laundry Room
  • Fireplaces: 3
  • Refrigerators: 18
  • Ranges: 18
  • Number of Washers: 3
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 1385000
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: 19-30 Spaces,Paved,Parking On-Site

Utilities

  • Heat/Ventilation: Gas,Hot Water,Baseboard
  • Leased Washer Dryer YN: No

Fee Information

  • Trash Expense: 10800
  • Water Sewer Expenses: 11040
  • Janitor Expense: 3365

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 120X200
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 119560
  • Fuel Expense: 13045
  • Insurance Expense: 9026
  • ElectricExpense: 1498
  • GrossIncome: 193000
  • NumberOfUnitsTotal: 18
  • OperatingExpense: 73440
  • Expense Year: 2022
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 21888
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2021
Closed on
Oct 18, 2021
Sold by
Clear Capital Llc
Bought by
Gcg Properties 4 Inc
Seller's Agent
George Toscas
ACO Commercial
Buyer's Agent
Mark Gajos
arhome realty
List Price
$1,195,000
Sold Price
$1,120,000
Premium/Discount to List
-$75,000
-6.28%
Current Estimated Value
$1,628,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$508,000
Original Mortgage
$784,000
Outstanding Balance
$234,385
Interest Rate
3.05%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 30, 2020
Sold by
Sico Chicago One Llc
Bought by
Clear Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$693,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 14, 2018
Closed on
Apr 5, 2018
Sold by
A And J Construction Real Estate Llc
Bought by
Sico Chicago One Llc
Seller's Agent
Sam Elddine
Coldwell Banker Realty
Buyer's Agent
Sam Elddine
Coldwell Banker Realty
List Price
$1,400,000
Sold Price
$1,125,000
Premium/Discount to List
-$275,000
-19.64%

Purchase Details

Closed on
Jul 25, 2016
Sold by
Quality Real Estate Ii Llc
Bought by
A & J Construction Real Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
3.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 22, 2015
Sold by
Mt Homes Llc Broadway
Bought by
Quality Real Estate Ii Llc Broadway

Purchase Details

Closed on
Mar 15, 2013
Sold by
Mt Homes Llc 1111 Broadway
Bought by
Mt Homes Llc Broadway

Purchase Details

Closed on
Jul 24, 2008
Sold by
N R Management Llc
Bought by
Mt Homes Llc 1111 Broadway

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 16, 2004
Sold by
Ballenger Lawrence C and Ballenger Johnnie M
Bought by
N R Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$610,000
Interest Rate
4%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Gcg Properties 4 Inc $1,120,000 Chicago Title
Clear Capital Llc $787,500 Fidelity National Title
Sico Chicago One Llc $1,125,000 Citywide Title Corporation
A & J Construction Real Estate Llc $525,000 Attorney
Quality Real Estate Ii Llc Broadway -- None Available
Mt Homes Llc Broadway -- Greater Illinois Title Compa
Mt Homes Llc 1111 Broadway $435,000 None Available
N R Management Llc $762,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gcg Properties 4 Inc $784,000
Previous Owner Clear Capital Llc $693,000
Previous Owner A&J Construction Real Estate Llc $632,426
Previous Owner A & J Construction Real Estate Llc $420,000
Previous Owner Mt Homes Llc $760,000
Previous Owner Mt Homes Llc 1111 Broadway $348,000
Previous Owner N R Management Llc $610,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2023 07/20/23 Sold $1,315,000 -5.1% --
05/01/2023 05/01/23 Pending -- -- --
04/19/2023 04/19/23 For Sale $1,385,000 +23.7% --
10/29/2021 10/29/21 Sold $1,120,000 -6.3% --
08/04/2021 08/04/21 Pending -- -- --
06/30/2021 06/30/21 For Sale $1,195,000 +6.2% --
04/06/2018 04/06/18 Sold $1,125,000 -19.6% --
03/08/2018 03/08/18 Pending -- -- --
02/14/2018 02/14/18 For Sale $1,400,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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
2024 $9,362 $75,923 $8,121 $67,802
2023 $7,415 $69,988 $7,486 $62,502
2022 $7,415 $53,346 $5,706 $47,640
2021 $7,107 $52,886 $5,657 $47,229
2020 $7,203 $53,178 $5,688 $47,490
2019 $7,173 $52,202 $5,584 $46,618
2018 $8,434 $50,398 $5,392 $45,006
2017 $8,365 $49,556 $5,302 $44,254
2016 $8,136 $47,170 $5,047 $42,123
2015 $7,984 $44,416 $4,752 $39,664
2014 $6,649 $44,416 $4,740 $39,676
2012 $5,543 $44,801 $4,781 $40,020
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11762834

Midwest Real Estate Data (MRED)

APN: 12-04-110-004