NOT LISTED FOR SALE
7 Beds
5 Baths
-- Sq Ft
4,356 Sq Ft Lot

Sale Details

Date 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
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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

4,356 Sq Ft Lot

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

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

Listed on
Apr 23, 2021
Closed on
Jun 23, 2021
Sold by
Mckerns Evan and Mckerns Amy
Bought by
Seller's Agent
Frank Paganis, CCIM
Coldwell Banker Real Estate Group
Buyer's Agent
John Gillespie
RE/MAX Action
Sold Price
$541,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,944
Interest Rate
3%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 8, 2019
Closed on
Mar 20, 2019
Sold by
Poole Matthew V
Bought by
Mckerns Evan and Mckerns Amy
Seller's Agent
Pat Cesario
Compass
Buyer's Agent
Frank Paganis, CCIM
Coldwell Banker Real Estate Group
List Price
$435,000
Sold Price
$420,000
Premium/Discount to List
-$15,000
-3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.91%
Original Mortgage
$315,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2016
Sold by
Poole Matthew Vaughan and Poole Andrea M
Bought by
Poole Matthew V and The Matthew V Poole Trust

Purchase Details

Listed on
May 22, 2013
Closed on
Sep 3, 2013
Sold by
Kinetic Cooperative Holdings Llc
Bought by
Poole Mattheew Vaughan
Seller's Agent
Wayne Beals
Exit Strategy Realty / EMA Management
Buyer's Agent
Becky Eichstaedt
Coldwell Banker Realty
List Price
$419,900
Sold Price
$384,000
Premium/Discount to List
-$35,900
-8.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
4.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 5, 2008
Sold by
Hsbc Bank Usa Na
Bought by
Kinetic Cooperative Holdings Llc Series

Purchase Details

Closed on
Dec 11, 2007
Sold by
Sinha Shome
Bought by
Hsbc Bank Usa Na and The Filedstone Mortgage Investment Trust

Purchase Details

Closed on
Jan 31, 2005
Sold by
Sego Zdravko and Sego Luca
Bought by
Sinha Shome

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
8.13%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Forest Park, IL

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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
$541,000 Heritage Title Company
Mckerns Evan $420,000 Prairie Title
Poole Matthew V -- None Available
Poole Mattheew Vaughan $384,000 Prairie Title Services
Kinetic Cooperative Holdings Llc Series $364,000 First American
Hsbc Bank Usa Na -- None Available
Sinha Shome $505,000 M G R Title
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 $522,944
Closed Mckerns Evan $315,000
Closed Poole Mattheew Vaughan $384,000
Closed Sinha Shome $404,000
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
06/23/2021 06/23/21 Sold $541,000 -1.6% --
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 -- --
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
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)
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