NOT LISTED FOR SALE
-- Bed
5 Baths
2,000 Sq Ft
5,537 Sq Ft Lot

Last Sold August 06, 2021

Last sale price $480,000 $240 Per Sq Ft

3 Days on Market

About This Home

As of August 2021

AWESOME OPPORTUNITY! Rarely available 5 unit (all studios), 1 block south of Wheaton College. Fully occupied (3 tenants have been there 15+ years) Smallest unit is leasing at $850/month, the other 4 at $700/month, which lends to a value add opportunity. Roof is 5 years old, hot water heater approximately 4 years, asphalt drive installed in 2020 (5 parking spaces). This will not last long!

Last Agent to Sell the Property

Lance Kammes

RE/MAX Suburban License #475090263 Listed on: 05/19/2021

RE/MAX Suburban

Last Buyer's Agent

Lance Kammes

RE/MAX Suburban License #475090263 Listed on: 05/19/2021

RE/MAX Suburban

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,647

Year Built

  • Built in 1963

Lot Details

  • 5,537 Sq Ft Lot
  • Lot Dimensions are 12 x 170 x 55 x 164

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation
  • Concrete Perimeter Foundation

Interior Spaces

  • 5 Bathrooms
  • 2,000 Sq Ft Home
  • 1-Story Property

Utilities

  • Window Unit Cooling System
  • Radiant Heating System
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, varies by tenant

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $207
  • Fuel Expense $1,083
  • Insurance Expense $2,694
  • Maintenance Expense $289
  • Water Sewer Expense $2,652
  • Operating Expense $18,159
  • Gross Income $43,800
  • Net Operating Income $25,641

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,647

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 1
  • Year Built: 1963
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Refrigerators: 5
  • Ranges: 5
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Block
  • Foundation Details: Block, Brick/Mortar, Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 489000
  • Exterior Building Type: Brick,Block

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Service - 0 to 100 Amps
  • Utilities: Water-Community, Water-Municipal
  • Heat/Ventilation: Radiant
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Water Sewer Expenses: 2652
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 12 X 170 X 55 X 164
  • Lot Size Sq Ft: 5537
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Varies by Tenant
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 2000

Multi Family

  • Net Operating Income: 25641
  • Fuel Expense: 1083
  • Insurance Expense: 2694
  • ElectricExpense: 207
  • GrossIncome: 43800
  • Maintenance Expense: 289
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 18159
  • Expense Year: 2020
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 9647
  • Tax Year: 2020

Range of Values:

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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
08/06/2021 08/06/21 Sold $480,000 -1.8% $240 / Sq Ft
05/24/2021 05/24/21 For Sale -- -- --
05/22/2021 05/22/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $489,000 +28.7% $245 / Sq Ft
09/05/2019 09/05/19 Sold $380,000 +1.3% $190 / Sq Ft
07/12/2019 07/12/19 Pending -- -- --
07/08/2019 07/08/19 For Sale $375,000 -- $188 / Sq Ft
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: 11092715

Midwest Real Estate Data (MRED)