NOT LISTED FOR SALE
11 Beds
6 Baths
-- Sq Ft
0.4 Acres

Last Sold June 04, 2024

Last sale price $800,000

6 Days on Market

Highlights

  • Baseboard Heating
  • Palatine High School Rated A
  • Heating System Uses Steam

About This Home

As of June 2024

MULTIPLE OFFERS RECEIVED, HIGHEST AND BEST DUE BY TUESDAY 2/20/24 AT NOON. Well maintained brick 6-flat. Five 2-bedroom, 1 bath units and one 1-bedroom, 1 bath unit, all of which are currently occupied by long-term, reliable tenants. Coin-op laundry owned. New boiler in 2022. some units have been updated. Rents are under market and can be increased. Roof was replaced November 2011.

Last Agent to Sell the Property

Dean Tubekis

Coldwell Banker Realty License #475137834 Listed on: 02/13/2024

Coldwell Banker Realty

Co-Listed By

Kristin Pfad

Coldwell Banker Realty License #471000925

Last Buyer's Agent

Jackie Guinane

Baird & Warner License #475124100

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,599

Year Built

  • Built in 1972

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 170'x113'x91'x182'

Home Design

  • Mansard Roof Shape
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 3-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Steam

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

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

Building Details

  • Electric Expense $378
  • Fuel Expense $3,079
  • Insurance Expense $2,876
  • Other Expense $5,040
  • Water Sewer Expense $5,410
  • Operating Expense $37,582
  • Gross Income $76,020
  • Net Operating Income $38,438

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,599

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 3
  • Year Built: 1972
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Foundation Details: Block
  • List Price: 750000
  • Exterior Building Type: Brick
  • Roof Structure: Mansard

Garage/Parking

  • Outdoor Parking: 6-12 Spaces,Assigned Spaces

Utilities

  • Cooling: Wall Sleeve
  • Heat/Ventilation: Hot Water,Steam,Baseboard
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Owners Association (Y/N): Yes

Fee Information

  • Association Fee Includes: Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Water Sewer Expenses: 5410
  • Janitor Expense: 1200
  • Operating Expense Includes: Association,Insurance,Maintenance Grounds,Other,Utilities,Water/Sewer,Gas,Real Estate Tax

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.4
  • Lot Dimensions: 170'X113'X91'X182'
  • Lot Size Sq Ft: 17512
  • Zoning: MULTI
  • Alternate Phone Number: (847) 652-0163

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 2
  • Tenancy Type: Leases,Month To Month

Multi Family

  • Net Operating Income: 38438
  • Fuel Expense: 3079
  • Insurance Expense: 2876
  • ElectricExpense: 378
  • GrossIncome: 76020
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 37582
  • Expense Year: 2023
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 19598.8
  • Tax Year: 2022

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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 Change Sq Ft Price
06/04/2024 06/04/24 Sold $800,000 +6.7% --
02/20/2024 02/20/24 Pending -- -- --
02/13/2024 02/13/24 For Sale $750,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11971375

Midwest Real Estate Data (MRED)