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

Sale Details

Date Sold: June 4, 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
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,599

Year Built

  • Built in 1972

Lot Details

  • 17,512 Sq Ft 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

0.4 Acres

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
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • 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

Exterior Features

  • Foundation Details: Block
  • 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
  • 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
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 19598.8
  • Tax Year: 2022

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 4, 2025
Sold by
Bought by

Purchase Details

Listed on
Feb 13, 2024
Closed on
Jun 4, 2024
Sold by
Bought by
Seller's Agent
Dean Tubekis
Coldwell Banker Realty
Buyer's Agent
Jackie Guinane
Baird & Warner
List Price
$750,000
Sold Price
$800,000
Premium/Discount to List
$50,000
6.67%
Views
44

Purchase Details

Closed on
Oct 26, 2016
Sold by
Bought by

Purchase Details

Closed on
Sep 21, 2016
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Virginia Lake, IL

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$800,000 Fidelity National Title
-- Attorney
-- Attorney
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $20,311 $79,000 $14,010 $64,990
2024 $20,311 $67,576 $11,821 $55,755
2023 $19,599 $67,576 $11,821 $55,755
2022 $19,599 $67,576 $11,821 $55,755
2021 $14,295 $44,137 $10,945 $33,192
2020 $14,009 $44,137 $10,945 $33,192
2019 $14,407 $50,967 $10,945 $40,022
2018 $15,057 $49,728 $10,069 $39,659
2017 $14,740 $49,728 $10,069 $39,659
2016 $13,733 $49,728 $10,069 $39,659
2015 $12,719 $42,554 $9,193 $33,361
2014 $12,538 $42,554 $9,193 $33,361
2013 $12,134 $42,554 $9,193 $33,361
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11971375

Midwest Real Estate Data (MRED)
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