NOT LISTED FOR SALE
10 Beds
6 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold August 05, 2022

Last sale price $665,000

47 Days on Market

Highlights

  • Corner Lot
  • Central Heating
  • Hot Water Heating System
  • Lowell Elementary School Rated A

About This Home

As of August 2022

Great opportunity for investors. Fully occupied 6 unit brick building. The building consists of four 2 bedroom apartments and two 1 bedroom apartments. Exceptional location in Wheaton and close to shopping, roads, expressway and close to downtown Wheaton. This building will be conveyed with Seller owned coin-operated Washer/dryer. Ample parking for residents with 2 spaces per unit. Amazing opportunity.

Last Agent to Sell the Property

Paul Hanft

Coldwell Banker Realty License #475167046 Listed on: 05/14/2022

Coldwell Banker Realty

Last Buyer's Agent

Ateeq Syed

Real People Realty License #475109915

Real People Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,961

Year Built

  • Built in 1964

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 69x100
  • Corner Lot

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Pitched Roof
  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Central Heating
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $572
  • Fuel Expense $3,159
  • Insurance Expense $2,000
  • Trash Expense $2,732
  • Water Sewer Expense $4,200
  • Operating Expense $12,691
  • Gross Income $71,520
  • Net Operating Income $58,909

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,961

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1964
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 10
  • Possible Use: Multi-Family
  • Fireplaces: 1
  • Drive-In Doors: 6
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Concrete
  • Foundation Details: Concrete Perimeter
  • Exterior Building Type: Brick
  • Roof Structure: Pitched

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Wall Sleeve, Window Unit(s)
  • Electric: Circuit Breakers
  • Utilities: Sanitary Sewer, Water-Municipal, Water to Site
  • Heat/Ventilation: Central Bldg Heat,Gas,Hot Water
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

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

Fee Information

  • Trash Expense: 2732
  • Water Sewer Expenses: 4200
  • Operating Expense Includes: Fuel,Maintenance,Electricity,Gas

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.16
  • Lot Dimensions: 69X100
  • Lot Size Sq Ft: 6970
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Cable Ready

Rental Info

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

Multi Family

  • Net Operating Income: 58909
  • Fuel Expense: 3159
  • Insurance Expense: 2000
  • ElectricExpense: 572
  • GrossIncome: 71520
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 12691
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 11961
  • Tax Year: 2020
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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 List to Sale Price per Sq Ft
08/05/2022 08/05/22 Sold $665,000 -3.6% --
07/01/2022 07/01/22 Pending -- -- --
06/28/2022 06/28/22 Price Changed $690,000 -6.8% --
06/06/2022 06/06/22 Price Changed $740,000 -5.1% --
05/14/2022 05/14/22 For Sale $780,000 -- --
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 $15,116 $234,532 $22,738 $211,794
2023 $14,589 $215,880 $20,930 $194,950
2022 $12,021 $173,580 $40,340 $133,240
2021 $11,994 $169,460 $39,380 $130,080
2020 $11,961 $167,880 $39,010 $128,870
2019 $11,702 $163,450 $37,980 $125,470
2018 $11,584 $159,930 $37,160 $122,770
2017 $11,432 $154,030 $35,790 $118,240
2016 $11,303 $147,880 $34,360 $113,520
2015 $11,244 $141,080 $32,780 $108,300
2014 $10,077 $124,280 $39,210 $85,070
2013 $11,058 $140,430 $39,330 $101,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11404623

Midwest Real Estate Data (MRED)