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

Sale Details

Date Sold: August 5, 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

6,970 Sq Ft Lot

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

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
May 14, 2022
Closed on
Aug 5, 2022
Sold by
Bought by
Seller's Agent
Paul Hanft
Coldwell Banker Realty
Buyer's Agent
Ateeq Syed
Real People Realty
List Price
$780,000
Sold Price
$665,000
Premium/Discount to List
-$115,000
-14.74%

Purchase Details

Closed on
Apr 17, 2002
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
$312,800
Interest Rate
0.0693%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 21, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$665,000 Hymen & Blair Pc
$391,000 Chicago Title Insurance Co
$200,000 --
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
Previous Owner $220,000
Previous Owner $100,000
Previous Owner $92,000
Previous Owner $106,000
Previous Owner $360,000
Previous Owner $275,000
Previous Owner $312,800
Previous Owner $230,000
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
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

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
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)
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