NOT LISTED FOR SALE

1122 Circle Ave Forest Park, IL 60130

7 Beds
5 Baths
-- Sq Ft
4,356 Sq Ft Lot

Last Sold June 23, 2021

Last sale price $541,000

9 Days on Market

Highlights

  • First Floor Utility Room
  • Ceiling Fan
  • Paved or Partially Paved Lot
  • Forced Air Heating System

About This Home

As of June 2021

Wonderful brick 4 flat w/large rooms generates $4790 per month! Tenant heated units feature updated HVAC w/central air. Recent upgrades include new kitchen and bath and fresh paint in Unit 1, freshly painted rear common stair well, regrading of back and side yard to allow for proper drainage of rain water and installation of underground drainage system for rear downspouts, rewired building doorbell /door opening system. Unit 2-4 have hvac systems in unit. Unit 1 has radiant heat in floor and 2 wall mounted a/c units. Large 3Bed/2Bath Owners unit for a savvy owner occupant. Rents are under market so potential for increased NOI!! Close to 290, Blue Line, Loyola, Shopping. 4 car park and coin laundry. Great opportunity for building income to help pay the mortgage. FHA, conventional mortgage ok! Showings to start 4/26/21

Last Agent to Sell the Property

Frank Paganis, CCIM

Coldwell Banker Real Estate Group License #475161105 Listed on: 04/23/2021

Coldwell Banker Real Estate Group

Last Buyer's Agent

John Gillespie

RE/MAX Action License #475079704

RE/MAX Action

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,214

Year Built

  • Built in 1972

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 37x133
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • Ceiling Fan
  • First Floor Utility Room
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 5 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Partial Basement

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $289
  • Fuel Expense $798
  • Insurance Expense $2,167
  • Professional Management Expense $980
  • Trash Expense $1,500
  • Water Sewer Expense $1,500
  • Gross Income $56,745
  • Net Operating Income $35,032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,214

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Professional Management Expense: 980
  • Year Built: 1972
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Walkout
  • Total Bathrooms: 5
  • Total Bedrooms: 7
  • Other Equipment: CO Detectors, Ceiling Fan(s)
  • Room Type: Utility Room-1st Floor
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher

Exterior Features

  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Alley
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Radiant
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Trash Expense: 1500
  • Water Sewer Expenses: 1500
  • Trash Expense Year: 2020

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.1
  • Lot Dimensions: 37X133
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 35032
  • Fuel Expense: 798
  • Insurance Expense: 2167
  • ElectricExpense: 289
  • GrossIncome: 56745
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 15214.5
  • Tax Year: 2019
  • Tax Exemptions: None
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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 List to Sale Price per Sq Ft Prior Sale
06/23/2021 06/23/21 Sold $541,000 -1.6% --
05/04/2021 05/04/21 For Sale -- -- --
05/02/2021 05/02/21 Pending -- -- --
04/23/2021 04/23/21 For Sale $550,000 +31.0% --
03/26/2019 03/26/19 Sold $420,000 -3.4% -- View Prior Sale
02/11/2019 02/11/19 Pending -- -- --
02/08/2019 02/08/19 For Sale $435,000 +13.3% --
09/04/2013 09/04/13 Sold $384,000 -8.5% -- View Prior Sale
07/08/2013 07/08/13 Pending -- -- --
05/22/2013 05/22/13 For Sale $419,900 -- --
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
2025 $14,623 $52,001 $3,488 $48,513
2024 $14,623 $52,001 $3,488 $48,513
2023 $14,195 $52,001 $3,488 $48,513
2022 $14,195 $43,026 $2,674 $40,352
2021 $14,648 $43,025 $2,673 $40,352
2020 $14,274 $43,025 $2,673 $40,352
2019 $15,215 $43,210 $2,441 $40,769
2018 $14,901 $43,210 $2,441 $40,769
2017 $13,435 $43,210 $2,441 $40,769
2016 $10,784 $32,589 $2,208 $30,381
2015 $11,435 $35,041 $2,208 $32,833
2014 $12,127 $35,041 $2,208 $32,833
2013 $9,705 $30,008 $2,208 $27,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11064522

Midwest Real Estate Data (MRED)