NOT LISTED FOR SALE
11 Beds
-- Bath
-- Sq Ft
1972 Built

Last Sold May 02, 2024

Last sale price $790,000

7 Days on Market

Highlights

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

About This Home

As of May 2024

Well maintained brick 6-flat. Five 2-bedroom, 1 bath units and one 1-bedroom, 1 bath unit. 4 units are occupied. Coin-op laundry owned. Some units have been updated. Rents are under market and can be increased.

Last Agent to Sell the Property

Dean Tubekis

Coldwell Banker Realty License #475137834 Listed on: 03/19/2024

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

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

Interior Spaces

  • 11 Bedrooms
  • 2-Story Property

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Steam

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Fuel Expense $3,079
  • Insurance Expense $2,876
  • 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+
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1972
  • Built Before 1978 (Y/N): Yes
  • New Construction Y/N: No
  • Information: None
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 11
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 825000

Utilities

  • Heat/Ventilation: Hot Water,Steam,Baseboard

Fee Information

  • Water Sewer Expenses: 5410
  • Janitor Expense: 1200

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 170'X113'X91'X182'
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 2

Multi Family

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

Tax Info

  • Tax Annual Amount: 19598.8
  • Tax Year: 2022

Range of Values:

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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 Change Sq Ft Price
05/02/2024 05/02/24 Sold $790,000 -4.2% --
03/28/2024 03/28/24 Pending -- -- --
03/20/2024 03/20/24 For Sale $825,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12009303

Midwest Real Estate Data (MRED)