Seller's Agent in 2017
Rose Hoffmann
Baird Warner
(847) 627-0039
87 Total Sales
1227 E Long Valley Dr Palatine, IL 60074
Virginia Lake Neighborhood
11
Beds
6
Baths
5,742
Sq Ft
0.31
Acres
About This Home
As of December 2017Excellent investment opportunity! 6 unit building in well managed 29 building complex on spacious grounds with park. Improvements include windows, new insulation in attic '16, new roof '14, Sump pump '13, 75 gallon commercial hot water heater. Fully occupied apartments with some long term tenants. Large apartments with eat in kitchens and many units updated with ceramic tile flooring, hardwired smoke detectors/CO detectors & 10 yr LED-bulbs w/ covered light fixtures in many closets. Easy to own, easy to rent and easy to maintain. Association fee of $270 includes scavenger landscaping & snow removal. Exceptional property that has been well cared for through the years.
Last Agent to Sell the Property
Baird & Warner License #471006249 Listed on: 06/15/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,261
Year Built
- Built in 1972
Lot Details
- 0.31 Acre Lot
- Lot Dimensions are 103x79x105x61x43x102x43x39
Parking
- 6 to 12 Parking Spaces
Home Design
- Mansard Roof Shape
- Brick Exterior Construction
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 5,742 Sq Ft Home
- 3-Story Property
- Fire Suppression System
Bedrooms and Bathrooms
- 11 Bedrooms
- 6 Bathrooms
Utilities
- Cooling System Mounted In Outer Wall Opening
- Baseboard Heating
- Hot Water Heating System
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- Association fees include parking, lawn care, scavenger, snow removal
- 6 Units
Building Details
- Electric Expense $600
- Fuel Expense $2,160
- Insurance Expense $1,900
- Water Sewer Expense $4,560
- Operating Expense $26,623
- Gross Income $71,400
- Net Operating Income $46,577
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/18/2018 03/18/18 | Off Market | $600,000 | -- | -- |
| 12/15/2017 12/15/17 | Sold | $600,000 | -4.0% | $104 / Sq Ft |
| 10/01/2017 10/01/17 | Pending | -- | -- | -- |
| 08/02/2017 08/02/17 | For Sale | $625,000 | 0.0% | $109 / Sq Ft |
| 07/07/2017 07/07/17 | Pending | -- | -- | -- |
| 06/15/2017 06/15/17 | For Sale | $625,000 | -- | $109 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Rose Hoffmann
-
Luigi Picicco
Buyer's Agent in 2017
Luigi Picicco
The McDonald Group
(773) 876-9593
16 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 09650442
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