NOT LISTED FOR SALE
15 Beds
10 Baths
-- Sq Ft
0.52 Acre Lot

Sale Details

Date Sold: July 1, 2024

Last sale price $685,000

10 Days on Market

Highlights

  • 22,865 Sq Ft lot
  • Property is near public transit
  • Forced Air Heating and Cooling System

About This Home

As of July 2024

Fully rented Townhouse style five unit apartment building. This building sits high on the lot and has nice green space surrounding for nice views and a full concrete driveway entry that is used for extra parking. Roof was installed approximately 2015. Each unit consist of three bedrooms, 1.5 bathrooms and one car garage with garage door opener. Laundry hook up in each unit as well. All electric with Tenant paying for water and electric. Owner pays sewer and garbage. Call today for your private tour.

Last Agent to Sell the Property

Lisa Sanford

Berkshire Hathaway HomeServices Speckman Realty License #471002971 Listed on: 06/01/2024

Berkshire Hathaway HomeServices Speckman Realty

Last Buyer's Agent

Peter Grant

Berkshire Hathaway HomeServices Speckman Realty License #471008886

Berkshire Hathaway HomeServices Speckman Realty
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,564

Year Built

  • Built in 2005

Lot Details

  • 22,865 Sq Ft Lot
  • Lot Dimensions are 48.5 x 58 x 140 x 166 x 130

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Gable Roof Shape
  • Composition Roof
  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Crawl Space

Location

  • Property is near public transit

Utilities

  • Forced Air Heating and Cooling System
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for electricity, water, hot water

Community Details

Overview

  • 5 Units

Building Details

  • Insurance Expense $2,496
  • Maintenance Expense $4,100
  • Trash Expense $1,140
  • Operating Expense $19,403
  • Gross Income $82,200
  • Net Operating Income $62,797

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,564

Year Built

Built in 2005

Lot Details

0.52 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Condo/Townhouse
  • Stories: 2
  • Year Built: 2005
  • Built Before 1978 (Y/N): No
  • Information: 24-Hr Notice Required
  • Estimated Age: 16-25 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Description: Crawl
  • Drive-In Doors: 5
  • Dishwashers: 5
  • Refrigerators: 5
  • Ranges: 5

Exterior Features

  • Construction Materials: Concrete
  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • Exterior Building Type: Vinyl Siding,Brick
  • Roof Structure: Gable
  • Misc Outside: Patio,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 6-12 Spaces
  • Indoor Parking: 1-5 Spaces

Utilities

  • Cooling: Central Air
  • Electric: Circuit Breakers, Service - 0 to 100 Amps
  • Utilities: Sanitary Sewer, Water-Municipal
  • Heat/Ventilation: Electric,Forced Air

Condo/Co-op/Association

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

Fee Information

  • Trash Expense: 1140

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 48.5 X 58 X 140 X 166 X 130
  • Lot Size Sq Ft: 22865
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters

Rental Info

  • Tenant Pays: Electricity, Water, Hot Water
  • Board Number: 21
  • Tenancy Type: Month To Month

Building Info

  • Building Unit Info: Smoke/Alarm Detector

Multi Family

  • Net Operating Income: 62797
  • Insurance Expense: 2496
  • GrossIncome: 82200
  • Maintenance Expense: 4100
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 19403
  • Type Multi-Family: Condo/Townhouse

Tax Info

  • Tax Annual Amount: 13564.1
  • Tax Year: 2023

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2024
Closed on
Jul 1, 2024
Sold by
Bought by
Seller's Agent
Lisa Sanford
Berkshire Hathaway HomeServices Speckman Realty
Buyer's Agent
Peter Grant
Berkshire Hathaway HomeServices Speckman Realty
List Price
$739,000
Sold Price
$685,000
Premium/Discount to List
-$54,000
-7.31%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$685,000
Outstanding Balance
$651,004
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2023
Sold by
Bought by

Purchase Details

Closed on
Nov 2, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,483,719
Interest Rate
3.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2012
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$685,000 Kankakee County Title
-- --
$3,349,500 Standard Title
$2,635,000 Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $685,000
Previous Owner $2,483,719
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/01/2024 07/01/24 Sold $685,000 -7.3% --
06/12/2024 06/12/24 Pending -- -- --
06/01/2024 06/01/24 For Sale $739,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $17,182 $199,980 $24,021 $175,959
2024 $14,161 $162,583 $24,021 $138,562
2023 $13,564 $149,986 $24,021 $125,965
2022 $13,361 $141,653 $24,021 $117,632
2021 $13,077 $137,486 $24,021 $113,465
2020 $12,833 $137,486 $24,021 $113,465
2019 $13,469 $137,486 $24,021 $113,465
2018 $13,444 $137,486 $24,021 $113,465
2017 $13,769 $137,486 $24,021 $113,465
2016 $13,693 $137,486 $24,021 $113,465
2015 $13,749 $137,486 $24,021 $113,465
2014 $13,384 $137,486 $24,021 $113,465
2013 -- $137,486 $24,021 $113,465
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12071501

Midwest Real Estate Data (MRED)
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