NOT LISTED FOR SALE

1217 S Forums Ct Wheeling, IL 60090

11 Beds
6 Baths
-- Sq Ft
1976 Built

Last Sold June 10, 2015

Last sale price $523,000

48 Days on Market

About This Home

As of June 2015

Solid investment opportunity! Six flat building in great condition and excellent location. Large units, five 2 Br and one 1Br with separate central heat and air, updated kitchens, appliances, hardwood floors and balconies. Updated mechanicals, new windows, newer roof and balcony doors. Tons of parking, swimming pool and tennis courts. Fully rented, long term tenets, turnkey investment.

Last Agent to Sell the Property

Christos Prappas

@properties Christie's International Real Estate License #475123682 Listed on: 03/09/2015

@properties Christie's International Real Estate

Last Buyer's Agent

Rajan Kannath

Realta Real Estate License #475123202

Realta Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • 1976

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Utilities

  • Central Air

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Year Built

1976

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Potential Use: Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2014
  • Net Oper Income: 43651
  • Outdoor Parking: 6-12 Spaces, Common Parking
  • Owners Assoc: Yes
  • Roof Coverings: Shingle Composition, Rubber
  • Roof Structure: Flat, Pitched
  • Total Annual Exp: 7632
  • Total Annual Income: 65000
  • Total Monthly Income: 5416
  • Leased Washer Dryer: Yes
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Stories: 3
  • Estimated Year Built: 1976
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1976

Interior Features

  • Basement: Slab

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick

Garage/Parking

  • Number Of Parking Spaces: 12

Utilities

  • Air Conditioner: Central Air, Central Individual
  • Heatventilation: Electric, Forced Air, Separate Per Unit
  • Water Expense: 1980

Condo/Co-op/Association

  • Units in Building: 6
  • Assessment Includes: Parking, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Fee Information

  • Electricity Expense: 1500
  • Electrical Service: Circuit Breakers

Lot Info

  • Lot Dimensions: 50X47
  • Lot Sq Ft: 3025
  • Land Amenities: Lighting/Exterior, Pool, Sidewalks, Tennis Court/s
  • Parcel Identification Number: 03152030290000

Rental Info

  • Gross Rental Income: 63700
  • Tenant Pays: Air Conditioning, Electric, Heat, Hot Water

Multi Family

  • Other Expenses: 4152
  • Number Of Dishwashers: 6
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 13717

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
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
06/10/2015 06/10/15 Sold $523,000 -4.6% --
04/26/2015 04/26/15 Pending -- -- --
03/09/2015 03/09/15 For Sale $548,500 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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
2025 $18,415 $72,000 $2,874 $69,126
2024 $18,415 $62,000 $2,420 $59,580
2023 $17,625 $62,000 $2,420 $59,580
2022 $17,625 $62,000 $2,420 $59,580
2021 $16,147 $48,779 $1,890 $46,889
2020 $15,708 $48,779 $1,890 $46,889
2019 $16,184 $56,004 $1,890 $54,114
2018 $15,767 $49,822 $1,663 $48,159
2017 $15,546 $49,822 $1,663 $48,159
2016 $15,191 $52,359 $1,663 $50,696
2015 $14,548 $46,015 $1,436 $44,579
2014 $14,181 $46,015 $1,436 $44,579
2013 $13,717 $46,015 $1,436 $44,579
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08856753

Midwest Real Estate Data (MRED)