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

Sale Details

Date Sold: August 6, 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
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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

5,537 Sq Ft Lot

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
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Construction Materials: Brick, Block
  • Foundation Details: Block, Brick/Mortar, Concrete Perimeter
  • Frontage Type: City Street
  • 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

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
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 9647
  • Tax Year: 2020

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

Closed on
May 17, 2024
Sold by
Bought by

Purchase Details

Listed on
May 19, 2021
Closed on
Jul 28, 2021
Sold by
Bought by
Seller's Agent
Lance Kammes
RE/MAX Suburban
Buyer's Agent
Lance Kammes
RE/MAX Suburban
Sold Price
$480,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 8, 2019
Closed on
Aug 29, 2019
Sold by
Bought by
Seller's Agent
Barry Kadish
Jameson Commercial
Buyer's Agent
Lance Kammes
RE/MAX Suburban
List Price
$375,000
Sold Price
$380,000
Premium/Discount to List
$5,000
1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.94%
Original Mortgage
$250,000
Interest Rate
5.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 26, 2007
Sold by
Bought by

Purchase Details

Closed on
Jun 1, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$500,000 None Listed On Document
$480,000 North American Title Company
$380,000 Chicago Title
-- None Available
-- --
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
Previous Owner $720,000
Previous Owner $250,000
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 Prior Sale
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 View Prior Sale
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

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 $7,185 $111,475 $18,045 $93,430
2023 $6,934 $102,610 $16,610 $86,000
2022 $9,696 $140,010 $40,510 $99,500
2021 $9,674 $136,690 $39,550 $97,140
2020 $9,648 $135,410 $39,180 $96,230
2019 $9,439 $131,840 $38,150 $93,690
2018 $9,343 $129,000 $37,330 $91,670
2017 $9,221 $124,240 $35,950 $88,290
2016 $9,116 $119,270 $34,510 $84,760
2015 $9,068 $113,780 $32,920 $80,860
2014 $8,725 $107,610 $31,130 $76,480
2013 $8,499 $107,930 $31,220 $76,710
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11092715

Midwest Real Estate Data (MRED)
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