NOT LISTED FOR SALE

1224 Main St Antioch, IL 60002

Estimated Value: $2,111,000

42 Beds
24 Baths
-- Sq Ft
23,087 Sq Ft Lot

Last Sold September 30, 2015

Last sale price $1,365,000

Est. 55% increase in value since last sale

Current estimated payment $13,874/month

66 Days on Market

About This Home

As of September 2015

24 Units. Extremely well maintained. Same Quality, Steady Mngmt for 25 yrs w/well est. tenancy and high performance. 2 Brick, 12 unit bldgs; 18-2Br, 6-1Br. Gross=$226,440;Annual Exp. $84,048 Net Inc=$142,392: 2Pins, 1224 Main/1234 Main 0217106003 / 0217106011. Bldgs are for a discerning buyer looking to step right into a very well managed/maint.,stable tenancy situation.Call Broker for appt.introduce buyer /pre-Qua

Last Agent to Sell the Property

Ira Mizell

Goldtree Realty, Inc License #471009024 Listed on: 03/24/2015

Last Buyer's Agent

Ira Mizell

Goldtree Realty, Inc License #471009024 Listed on: 03/24/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • 1965

Lot Details

  • 0.53

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Aluminum Siding

Utilities

  • Cooling System Mounted In Outer Wall Opening

Additional Features

  • Finished Basement

Community Details

  • Fuel Expense $11,020
  • Insurance Expense $3,591

Listing and Financial Details

  • Tenant pays for electric
  • $10,000 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1965

Lot Details

0.53 Acres

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: General Partnership
  • Potential Use: Condominium, Residential-Multi-Family
  • Utilities To Site: Sanitary Sewer to Site, Water-Municipal
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2012
  • Net Oper Income: 142392
  • Outdoor Parking: 31-50 Spaces, Assigned Spaces, Lighted, Open, Paved, Private Lot
  • Repairs Decor Expense: 600
  • Roof Coverings: Shingle Composition
  • Roof Structure: Hip
  • Scavenger Expense: 7692
  • Total Annual Exp: 84048
  • Total Annual Income: 219900
  • Total Monthly Income: 18325
  • Number of Ranges: 24
  • Number Of Refrigs: 24
  • Number Of Window A C: 16
  • Number Of Stories: 2
  • Estimated Year Built: 1965
  • Type Multi Family: Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1965

Interior Features

  • Basement: Finished

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Aluminum Siding, Brick
  • Construction: Brick, Concrete
  • Frontage Access: County Road

Garage/Parking

  • Number Of Parking Spaces: 40

Utilities

  • Air Conditioner: Wall Sleeve
  • Fire Protection: Alarm Monitored, Alarm On Site, Fire Extinguisher/s, Smoke or Fire Protectors
  • Heatventilation: Central Bldg Heat, Gas, Hot Water, Baseboard, Radiant
  • Water Expense: 9440

Condo/Co-op/Association

  • Units in Building: 24

Fee Information

  • Electricity Expense: 1345
  • Electrical Service: Circuit Breakers, 0-100 Amps
  • Janitor Expense: 24000

Lot Info

  • Lot Dimensions: 120 X 263
  • Lot Sq Ft: 29160
  • Parcel Identification Number: 02171060030000

Rental Info

  • Gross Rental Income: 226440
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2012
  • Fuel Expense: 11020
  • Insurance Expense: 3591
  • Other Expenses: 2630
  • Number Of Dryers: 4

Tax Info

  • Taxes: 45,078

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 23, 2023
Sold by
S & G Management Llc
Bought by
Timm Thomas J and Timm Diane M
Current Estimated Value
$2,111,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,450,000
Outstanding Balance
$753,114
Interest Rate
5.79%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,357,886

Purchase Details

Listed on
Mar 24, 2015
Closed on
Sep 25, 2015
Sold by
First Nations Bank
Bought by
S & G Management Llc
Seller's Agent
Ira Mizell
Goldtree Realty, Inc
Buyer's Agent
Ira Mizell
Goldtree Realty, Inc
List Price
$1,695,000
Sold Price
$1,365,000
Premium/Discount to List
-$330,000
-19.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.24%
Original Mortgage
$1,050,000
Interest Rate
3.88%
Mortgage Type
Commercial
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Timm Thomas J $2,450,000 Chicago Title
S & G Management Llc $1,365,000 Ct
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Timm Thomas J $1,450,000
Previous Owner S & G Management Llc $1,050,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2015 09/30/15 Sold $1,365,000 -19.5% --
05/29/2015 05/29/15 Pending -- -- --
03/24/2015 03/24/15 For Sale $1,695,000 -- --
Source: Midwest Real Estate Data (MRED)

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
2024 $31,126 $315,802 $17,556 $298,246
2023 $28,413 $282,774 $15,720 $267,054
2022 $28,413 $252,964 $39,173 $213,791
2021 $26,050 $236,040 $36,552 $199,488
2020 $25,988 $229,522 $35,543 $193,979
2019 $26,420 $219,492 $33,990 $185,502
2018 $26,800 $226,245 $35,412 $190,833
2017 $26,605 $215,348 $33,706 $181,642
2016 $26,022 $207,824 $32,528 $175,296
2015 $25,472 $202,538 $31,701 $170,837
2014 $23,435 $193,162 $27,667 $165,495
2012 $22,623 $201,873 $27,667 $174,206
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08870868

Midwest Real Estate Data (MRED)

APN: 02-17-106-003

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