NOT LISTED FOR SALE
14 Beds
14 Baths
-- Sq Ft
0.43 Acres

Last Sold August 14, 2018

Last sale price $710,000

17 Days on Market

About This Home

As of August 2018

Excellent investment opportunity for nicely maintained and managed 14 flat in a good location. Located close to public transportation (train and bus stop) and the recent expansion of the I-90 expressway! The building consists of 14 - one-bedroom / one-bathroom units, all approximately 550 square feet. The property features gas stoves, ample parking, and an on-site laundry facility with coin washers and dryers. Many recent upgrades include: a newer roof, many newer windows, copper plumbing, and new vinyl flooring in all apartments. Close to parks, retail, downtown area and entertainment. This is a great opportunity for an investor to achieve a great return with a upside. POF before showings. addtl PIN's 0618405016000 & 06184050150000. DO NOT GO IN OR ON PROPERTY OR DISTURB TENANTS. YOU MUST MAKE AN APPOINTMENT WITH LISTING AGENT. M/M to 6 mo leases in place for all tenants.

Last Agent to Sell the Property

Julie Anne

eXp Realty License #475103347 Listed on: 05/10/2018

eXp Realty

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,061

Year Built

  • Built in 1974

Lot Details

  • 0.43 Acre Lot
  • Lot Dimensions are 180x100
  • Additional Parcels

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 14 Bathrooms

Additional Features

  • 2-Story Property
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 14 Units

Building Details

  • Electric Expense $916
  • Fuel Expense $3,972
  • Insurance Expense $3,012
  • Maintenance Expense $2,750
  • Other Expense $3,140
  • Trash Expense $2,760
  • Water Sewer Expense $5,400
  • Operating Expense $49,211
  • Gross Income $108,900
  • Net Operating Income $63,889

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,061

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1974
  • Built Before 1978 (Y/N): Yes
  • Information: Show-Special Instructions
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 14
  • Total Bedrooms: 14
  • Room: 0

Garage/Parking

  • Outdoor Parking: 19-30 Spaces

Utilities

  • Heat/Ventilation: Baseboard

Fee Information

  • Trash Expense: 2760
  • Water Sewer Expenses: 5400

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 180X100
  • Lot Size Sq Ft: 18560
  • Zoning: MULTI
  • Alternate Phone Number: (847) 370-4509

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 63889
  • Fuel Expense: 3972
  • Insurance Expense: 3012
  • ElectricExpense: 916
  • GrossIncome: 108900
  • Maintenance Expense: 2750
  • NumberOfUnitsTotal: 14
  • OperatingExpense: 49211
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 23061.1
  • Tax Year: 2016
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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
08/14/2018 08/14/18 Sold $710,000 -2.1% --
05/27/2018 05/27/18 Pending -- -- --
05/10/2018 05/10/18 For Sale $725,000 -- --
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 $7,315 $41,240 $2,400 $38,840
2024 $7,315 $25,413 $3,600 $21,813
2023 $7,109 $25,413 $3,600 $21,813
2022 $7,109 $25,413 $3,600 $21,813
2021 $10,215 $29,644 $3,600 $26,044
2020 $10,151 $29,644 $3,600 $26,044
2019 $9,086 $29,644 $3,600 $26,044
2018 $9,662 $28,437 $2,550 $25,887
2017 $9,631 $28,437 $2,550 $25,887
2016 $9,062 $28,437 $2,550 $25,887
2015 $7,339 $20,890 $2,100 $18,790
2014 $7,109 $20,890 $2,100 $18,790
2013 $6,875 $20,890 $2,100 $18,790
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09946951

Midwest Real Estate Data (MRED)