NOT LISTED FOR SALE

1200 S Forums Ct Wheeling, IL 60090

41 Beds
21 Baths
6,585 Sq Ft
3,025 Sq Ft Lot

Last Sold March 17, 2016

Last sale price $517,000 $79 Per Sq Ft

105 Days on Market

Highlights

  • Skylights
  • Courtyard
  • Central Heating and Cooling System
  • Anne Sullivan Elementary School Rated A-
  • Storage Room

About This Home

As of March 2016

Arm chair investment! Easy management. Well maintained all brick building! 6 units Condo quality! Terrific complex with pool and tennis court! Association includes parking, snow removal, exterior maintenance, lawn care, common insurance and even rental service. 5 Two bedrooms. 1 One bedroom. Most have been recently updated with new kitchen and floors. Laundry room has new ceramic. Top units have sky lights and cathedral ceilings. Central air and separate electric. A Great investment opportunity!!!!!!!

Last Agent to Sell the Property

Nick Rotizza

@properties Christie's International Real Estate License #475164989 Listed on: 08/10/2015

@properties Christie's International Real Estate

Last Buyer's Agent

Tad Szmelter

Coldwell Banker Realty License #471002604

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,425

Year Built

  • Built in 1978

Lot Details

  • 3,025 Sq Ft Lot
  • Lot Dimensions are 57 x 59

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Fiberglass Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,585 Sq Ft Home
  • 3-Story Property
  • Skylights
  • Storage Room

Bedrooms and Bathrooms

  • 41 Bedrooms
  • 21 Bathrooms

Additional Features

  • Courtyard
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • Association fees include parking, pool, lawn care, scavenger, snow removal
  • 6 Units

Building Details

  • Electric Expense $1,300
  • Other Expense $4,152
  • Water Sewer Expense $2,400
  • Operating Expense $7,952
  • Gross Income $63,960
  • Net Operating Income $41,584

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,425

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Courtyard
  • Stories: 3
  • Year Built: 1978
  • Built Before 1978 (Y/N): No
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 21
  • Total Bedrooms: 41
  • Basement Description: Slab
  • Fire Protection: Fire Extinguisher/s,Smoke or Fire Protectors
  • Misc Inside: Skylight/s,Storage Inside
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Dishwashers: 6
  • Refrigerators: 6
  • Ranges: 6
  • Number of Windows: 0
  • Number of Washers: 1
  • Room: 4
  • Room: 4
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: Public Road
  • List Price: 539900
  • Roof: Composition, Fiberglass
  • Exterior Building Type: Brick
  • Roof Structure: Flat,Pitched
  • Misc Outside: Balcony/ies,Courtyard

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Central Air, Central Individual
  • Electric: Circuit Breakers
  • Utilities: Sanitary Sewer, Water-Municipal
  • Heat/Ventilation: Central Heat/Indiv Controls,Electric
  • Leased Washer Dryer YN: Yes

Condo/Co-op/Association

  • Owners Association (Y/N): Yes

Fee Information

  • Association Fee Includes: Parking, Pool, Lawn Care, Scavenger, Snow Removal
  • Water Sewer Expenses: 2400
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 57 X 59
  • Lot Size Sq Ft: 3025
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 2

Building Info

  • BuildingAreaTotal: 6585

Multi Family

  • Net Operating Income: 41584
  • ElectricExpense: 1300
  • GrossIncome: 63960
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 7952
  • Expense Year: 2014
  • Type Multi-Family: Courtyard

Tax Info

  • Tax Annual Amount: 14424.8
  • Tax Year: 2014

Range of Values:

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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
03/17/2016 03/17/16 Sold $517,000 -6.0% $79 / Sq Ft
11/23/2015 11/23/15 Pending -- -- --
08/10/2015 08/10/15 For Sale $549,900 -- $84 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09009780

Midwest Real Estate Data (MRED)