NOT LISTED FOR SALE

1243 Homestead Rd La Grange Park, IL 60526

28 Beds
28 Baths
-- Sq Ft
0.26 Acres

Last Sold September 09, 2021

Last sale price $740,000

4 Days on Market

Highlights

  • Laundry Room
  • Forest Road Elementary School Rated A
  • 4-minute walk to Hanesworth Park

About This Home

As of September 2021

Clean and well maintained brick building with 7-units. Additional studio for the full time property/maintenance manager. This is a terrific opportunity for investors. Each has it's own assigned parking spot. Tenants pay for gas and electric. Each unit has its own window A/C and renters have access to a clean, shared coin laundry space. All 7 -units are currently rented and rents are currently below market level due to long term occupancy. For your tenants, this building is in a quiet neighborhood close to Brookfield zoo, transportation, LT schools and convenient shopping.

Last Agent to Sell the Property

Steve Jasinski

Berkshire Hathaway HomeServices Chicago License #475151442 Listed on: 07/08/2021

Berkshire Hathaway HomeServices Chicago

Co-Listed By

Chris Snider

Better Homes & Gardens Real Estate Connections License #475181193

Last Buyer's Agent

John Warren

Second City Real Estate License #471020680

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,831

Year Built

  • Built in 1960

Lot Details

  • 0.26 Acre Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation
  • Membrane Roofing

Interior Spaces

  • 2-Story Property
  • Crawl Space
  • Laundry Room

Bedrooms and Bathrooms

  • 28 Bedrooms
  • 28 Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 7 Units

Building Details

  • Electric Expense $1,200
  • Fuel Expense $3,700
  • Insurance Expense $2,472
  • Trash Expense $1,200
  • Water Sewer Expense $5,548
  • Operating Expense $23,951
  • Gross Income $76,800
  • Net Operating Income $52,849

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,831

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1960
  • Built Before 1978 (Y/N): Yes
  • New Construction Y/N: No
  • Information: List Broker Must Accompany
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 28
  • Total Bedrooms: 28
  • Basement Description: Crawl
  • Misc Inside: Laundry Room
  • Fireplaces: 1
  • Dishwashers: 1
  • Refrigerators: 7
  • Ranges: 7
  • Number of Windows: 7
  • Number of Washers: 1
  • Room: 2
  • Room: 2
  • Room: 2

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Brick/Mortar
  • Frontage Type: City Street
  • List Price: 755000
  • Roof: Membrane
  • Exterior Building Type: Brick
  • Roof Structure: Flat
  • Misc Outside: Patio,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 6-12 Spaces,Assigned Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Utilities: Sanitary Sewer, Water-Municipal
  • Heat/Ventilation: Gas
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Association Fee Includes: None
  • Trash Expense: 1200
  • Water Sewer Expenses: 5548
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.26
  • Lot Dimensions: 99111
  • Lot Size Sq Ft: 11062
  • Zoning: MULTI
  • Land Amenities: Sidewalks
  • Alternate Phone Number: (708) 257-3593

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10
  • Tenancy Type: Leases

Building Info

  • Building Unit Info: Smoke/Alarm Detector

Multi Family

  • Net Operating Income: 52849
  • Fuel Expense: 3700
  • Insurance Expense: 2472
  • ElectricExpense: 1200
  • GrossIncome: 76800
  • NumberOfUnitsTotal: 7
  • OperatingExpense: 23951
  • Expense Year: 2020
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 9831
  • Tax Year: 2019

Range of Values:

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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
09/09/2021 09/09/21 Sold $740,000 -2.0% --
07/13/2021 07/13/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $755,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11148335

Midwest Real Estate Data (MRED)