NOT LISTED FOR SALE

1203 S Forums Ct Wheeling, IL 60090

11 Beds
6 Baths
6,667 Sq Ft
2,614 Sq Ft Lot

Last Sold May 05, 2022

Last sale price $730,000 $109 Per Sq Ft

20 Days on Market

Highlights

  • Central Heating
  • Anne Sullivan Elementary School Rated A-
  • 5-minute walk to Pleasant Run Park

About This Home

As of May 2022

Well maintained 6-flat building in Wheeling. Great condition and location. Five 2bed and One 1bed units. Tenant pays for all utilities in their units. Owner pays for water, common electric and laundry room hot water. HOA fee $341 includes landscaping, snow and trash removal. Complex has tennis court and swimming pool. Great long-term tenants. Potential for higher rents. Easy to rent and rarely any vacancy.

Last Agent to Sell the Property

Sid Malladi

ARNI Realty Incorporated License #475169499 Listed on: 02/17/2022

Last Buyer's Agent

Galya Georgieva

Coldwell Banker Realty License #475131700

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,568

Year Built

  • Built in 1975

Lot Details

  • 2,614

Interior Spaces

  • 6,667 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Additional Features

  • Lot Dimensions are 57x51
  • Central Heating

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat, hot water

Community Details

Overview

  • Association fees include exterior maintenance, lawn care, scavenger, snow removal
  • 6 Units

Building Details

  • Electric Expense $2,340
  • Insurance Expense $1,500
  • Maintenance Expense $1,200
  • Other Expense $4,097
  • Water Sewer Expense $3,265
  • Operating Expense $29,033
  • Gross Income $76,080
  • Net Operating Income $47,047

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,568

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1975
  • Built Before 1978 (Y/N): Yes
  • 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: 6
  • Total Bedrooms: 11
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 780000

Utilities

  • Heat/Ventilation: Central Heat/Indiv Controls

Fee Information

  • Association Fee Includes: Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Water Sewer Expenses: 3265
  • Janitor Expense: 720

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 57X51
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 6667

Multi Family

  • Net Operating Income: 47047
  • Insurance Expense: 1500
  • ElectricExpense: 2340
  • GrossIncome: 76080
  • Maintenance Expense: 1200
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 29033
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 15568
  • Tax Year: 2020

Range of Values:

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Average Value
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Sold Price
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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 Prior Sale
05/05/2022 05/05/22 Sold $730,000 -6.4% $109 / Sq Ft
03/29/2022 03/29/22 For Sale $780,000 +6.8% $117 / Sq Ft
03/12/2022 03/12/22 Off Market $730,000 -- --
03/11/2022 03/11/22 Pending -- -- --
02/18/2022 02/18/22 For Sale $780,000 +50.6% $117 / Sq Ft
06/10/2016 06/10/16 Sold $518,000 -3.9% -- View Prior Sale
04/09/2016 04/09/16 Pending -- -- --
04/05/2016 04/05/16 For Sale $539,000 -- --
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: 11327593

Midwest Real Estate Data (MRED)