NOT LISTED FOR SALE

119 W Michael Ln Addison, IL 60101

8 Beds
4 Baths
-- Sq Ft
9,148 Sq Ft Lot

Last Sold June 09, 2022

Last sale price $488,000

39 Days on Market

Highlights

  • Soaking Tub
  • Forced Air Heating System
  • Paved or Partially Paved Lot

About This Home

As of June 2022

4 UNIT INVESTMENT PROPERTY GROSSING $46,800 PER YEAR!!! This solid brick building features open concept, 3-level units that resemble spacious townhomes. Each unit contains 2 bedrooms and 1 bathroom, with walk-out basements that could be converted to a 3rd bedroom, eat-in kitchens, vaulted ceilings, forced air gas heating, and assigned parking at the rear of the property. The roof, furnaces, and windows are all under 10 years old, with no issues whatsoever. Tenants are responsible for their own utilities. Market rate rents are currently a minimum of $1050 per unit.

Last Agent to Sell the Property

Peter Diaz

@properties Christie's International Real Estate License #475114808 Listed on: 03/04/2022

@properties Christie's International Real Estate

Last Buyer's Agent

Kazimierz Leja

Instavalue Realty Inc License #471021690

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,864

Year Built

  • Built in 1962

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 157 x 60
  • Paved or Partially Paved Lot

Home Design

  • Tri-Level Property
  • Slab Foundation
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms
  • Soaking Tub

Parking

  • 7 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Parking Space is Owned
  • Unassigned Parking

Schools

  • Lincoln Elementary School
  • Indian Trail Junior High School
  • Addison Trail High School

Utilities

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

Community Details

Overview

  • 4 Units
  • Bi Level 4 Flats

Building Details

  • Gross Income $46,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,864

Year Built

Built in 1962

Lot Details

9,148 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Tri-Level
  • New Construction: No
  • Year Built: 1962
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Slab
  • Bathroom Amenities: Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Storms/Screens
  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick,Frame

Garage/Parking

  • Parking Features: Unassigned, Off Street
  • ParkingTotal: 7
  • Number of Cars: 7
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Paved

Schools

  • Elementary School: Lincoln Elementary School
  • High School: Addison Trail High School
  • Middle/Junior School: Indian Trail Junior High School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.21
  • Lot Dimensions: 157 X 60
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas

Multi Family

  • GrossIncome: 46800
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat,1 Story Unit/s

Tax Info

  • Tax Annual Amount: 8863.6
  • Tax Year: 2020
  • Tax Exemptions: None
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

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
06/09/2022 06/09/22 Sold $488,000 0.0% --
04/12/2022 04/12/22 Pending -- -- --
04/12/2022 04/12/22 For Sale $488,000 0.0% --
03/28/2022 03/28/22 Pending -- -- --
03/25/2022 03/25/22 For Sale $488,000 0.0% --
03/10/2022 03/10/22 Pending -- -- --
03/10/2022 03/10/22 For Sale $488,000 0.0% --
03/06/2022 03/06/22 Pending -- -- --
03/04/2022 03/04/22 For Sale $488,000 +87.7% --
09/29/2015 09/29/15 Sold $260,000 -10.3% -- View Prior Sale
06/28/2015 06/28/15 Pending -- -- --
06/12/2015 06/12/15 For Sale $289,900 -- --
Source: Midwest Real Estate Data (MRED)

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
2024 $10,732 $152,270 $60,906 $91,364
2023 $10,305 $139,980 $55,990 $83,990
2022 $9,460 $128,450 $51,380 $77,070
2021 $9,087 $123,030 $49,210 $73,820
2020 $8,864 $117,850 $47,140 $70,710
2019 $8,824 $113,320 $45,330 $67,990
2018 $8,231 $101,400 $40,560 $60,840
2017 $8,044 $96,910 $38,760 $58,150
2016 $7,875 $89,480 $35,790 $53,690
2015 $7,727 $82,660 $33,060 $49,600
2014 $5,277 $56,090 $14,020 $42,070
2013 $5,162 $57,240 $14,310 $42,930
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11339335

Midwest Real Estate Data (MRED)
Your Personal Tour Guide

Ask me questions while you tour the home.