Seller's Agent in 2024
Denise Raines
Keller Williams Preferred Rlty
(312) 944-8900
1 in this area
62 Total Sales
1123 Grant Ave Chicago Heights, IL 60411
East Side-Chicago Heights Neighborhood
5
Beds
3
Baths
1,507
Sq Ft
3,049
Sq Ft Lot
About This Home
As of January 2024Rents have increased to provide a buyer with a 10.3% CAP Rate on this ideal investment opportunity. This meticulously maintained, 3-unit apartment building is fully occupied, with 2 long-term tenants, and bringing in over $20K per year in NOI. The two 1st floor units feature spacious living rooms and hardwood floors throughout living room and both bedrooms; units offer a large eat-in kitchen with ceramic tile floors. The 2nd floor unit has private entrance, large living room and extra large bedroom with eat in kitchen and newer carpeting. Property has central heat and A/C. Both A/C units are approx. 10 years old and function as intended. Tenants pay their own electric and gas - all separately metered. Sale includes 3 refrigerators, 3 stoves and washer/dryer. PROPERTY IS NOT APPROVED FOR FHA FINANCING -- ONLY CASH OR CONVENTIONAL FINANCING. Property is in great condition, but will be sold "AS-IS". Property has already passed village inspection. Previous deals fell through due to buyers financing.
Last Agent to Sell the Property
Keller Williams Preferred Rlty Brokerage Phone: (312) 953-5780 License #471018566 Listed on: 01/18/2023
Last Buyer's Agent
Keller Williams Preferred Rlty Brokerage Phone: (312) 953-5780 License #471018566 Listed on: 01/18/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1949
Lot Details
- 3,049 Sq Ft Lot
- Lot Dimensions are 41x87
- Additional Parcels
Home Design
- Bungalow
- Brick Exterior Construction
- Asphalt Roof
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- 3 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
Parking
- 2 Parking Spaces
- Uncovered Parking
- Off-Street Parking
- Parking Included in Price
Schools
- Roosevelt Elementary School
- Chicago Heights Middle School
- Bloom High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Community Details
Overview
- 3 Units
Building Details
- Electric Expense $380
- Insurance Expense $2,143
- Professional Management Expense $600
- Trash Expense $1,020
- Water Sewer Expense $1,280
- Gross Income $39,108
- Net Operating Income $20,381
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/24/2024 01/24/24 | Sold | $200,000 | -7.0% | $133 / Sq Ft |
| 12/06/2023 12/06/23 | Pending | -- | -- | -- |
| 07/28/2023 07/28/23 | For Sale | $215,000 | 0.0% | $143 / Sq Ft |
| 07/14/2023 07/14/23 | For Sale | $215,000 | 0.0% | $143 / Sq Ft |
| 07/07/2023 07/07/23 | Pending | -- | -- | -- |
| 06/26/2023 06/26/23 | For Sale | $215,000 | 0.0% | $143 / Sq Ft |
| 05/01/2023 05/01/23 | Pending | -- | -- | -- |
| 02/28/2023 02/28/23 | For Sale | $215,000 | 0.0% | $143 / Sq Ft |
| 02/20/2023 02/20/23 | Pending | -- | -- | -- |
| 01/18/2023 01/18/23 | For Sale | $215,000 | -- | $143 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Denise Raines
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11703236
APN: 32-20-204-009
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